Operating loss leaves profit dependent on Rs 8.77 cr of other income
Expenses exceeded revenue by Rs 0.98 cr, while other income supported consolidated net profit of Rs 5.48 cr.
Filed 12 Aug 2026, 18:21 IST · after market close · BAJAJINDEF (BAJAJINDEF)
Key takeaways
- Consolidated operating profit was a loss of Rs 0.98 cr, producing a -2.84% operating margin.
- Other income of Rs 8.77 cr more than offset the operating loss, leaving profit before tax at Rs 6.28 cr.
- Net profit was Rs 5.48 cr despite the operating loss, with a 12.75% tax rate.
Revenue did not cover the cost base
Consolidated revenue was Rs 34.46 cr against expenses of Rs 35.44 cr, resulting in an operating loss of Rs 0.98 cr. The resulting operating margin was -2.84%, showing that the reported profit did not come from core operations.
Other income drove reported profitability
Other income of Rs 8.77 cr exceeded the operating loss and was the main source of profit before tax of Rs 6.28 cr. After Rs 0.80 cr of tax, consolidated net profit stood at Rs 5.48 cr, so earnings quality is closely tied to non-operating income this quarter.
Results were filed after market close
The consolidated results were filed after market close on 12 August 2026. There is no market reaction to assess yet; the immediate focus is whether operating earnings improve from the Rs 0.98 cr loss.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹34 cr |
| Other income | ₹9 cr |
| Expenses | ₹35 cr |
| Operating profit | ₹-1 cr |
| Operating margin (%) | -2.84% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹6 cr |
| Tax | ₹1 cr |
| Net profit | ₹5 cr |
| EPS (₹) | ₹1.72 |
What to watch
- Whether operating margin moves above -2.84%.
- Whether operating profit improves from the Rs 0.98 cr loss.
- Whether other income remains material against profit before tax of Rs 6.28 cr.