Other income outweighed BAFNAPH's Rs 0.08 cr pre-tax profit
The standalone quarter's Rs 0.88 cr operating profit was absorbed by interest and depreciation, while tax was zero.
Filed 11 Aug 2026, 17:54 IST · after market close · BAFNAPH (BAFNAPH)
Key takeaways
- Other income of Rs 1.91 cr was much larger than the Rs 0.08 cr profit before tax, making reported profit quality weak.
- Interest of Rs 0.94 cr and depreciation of Rs 1.78 cr absorbed the Rs 0.88 cr operating profit in this standalone quarter.
- BAFNAPH reported an operating margin of 3.32% and net profit of Rs 0.08 cr in Q1FY27.
Operating profit was absorbed below the operating line
BAFNAPH generated Rs 0.88 cr of operating profit in Q1FY27, but interest of Rs 0.94 cr and depreciation of Rs 1.78 cr left only Rs 0.08 cr before tax. The company reported a standalone operating margin of 3.32%, with no tax charge in the quarter.
Profit depended on other income
Other income was Rs 1.91 cr against profit before tax of Rs 0.08 cr, so reported earnings were driven mainly by non-operating income rather than operating profit. The zero tax rate also meant that profit after tax remained Rs 0.08 cr.
The after-close filing has no market reaction yet
The standalone results were filed after market close on 11 Aug 2026, so there is no post-results stock move to assess yet. The absence of sequential and year-on-year comparisons also leaves this quarter's direction dependent on the next reported period.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹27 cr |
| Other income | ₹2 cr |
| Expenses | ₹26 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 3.32% |
| Interest | ₹1 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹0 cr |
| Tax | ₹0 cr |
| Net profit | ₹0 cr |
| EPS (₹) | ₹0.03 |
What to watch
- Whether operating margin moves above or below 3.32% in the next quarter.
- Whether interest remains above the Rs 0.88 cr operating profit.
- Whether other income remains close to Rs 1.91 cr relative to profit before tax.