BAJEL's 3.27% operating margin leaves Rs 4.73 cr Q1 profit
Interest absorbed much of operating profit, while other income was material against Rs 7.07 cr of consolidated pre-tax profit.
Filed 07 Aug 2026, 19:03 IST · after market close · BAJEL (BAJEL)
Key takeaways
- BAJEL's consolidated Q1FY27 operating margin was only 3.27%, leaving net profit at Rs 4.73 cr.
- Interest of Rs 11.78 cr absorbed much of the Rs 18.54 cr operating profit.
- Other income of Rs 5.26 cr was material against consolidated pre-tax profit of Rs 7.07 cr.
Thin operating spread leaves little after interest
BAJEL converted consolidated revenue of Rs 566.88 cr into operating profit of Rs 18.54 cr, a 3.27% margin. Interest of Rs 11.78 cr and depreciation of Rs 4.95 cr consumed most of that operating profit before tax, leaving Rs 7.07 cr. The low operating spread leaves reported earnings sensitive to financing costs.
Other income made a material contribution to pre-tax profit
Other income of Rs 5.26 cr was a substantial component of the Rs 7.07 cr consolidated pre-tax profit, so earnings quality was not driven only by operations. Tax was charged at a 33.02% rate, with Rs 2.33 cr paid against pre-tax profit. Net profit after tax was Rs 4.73 cr, with EPS of Rs 0.41.
Results were filed after market close
BAJEL filed its consolidated Q1FY27 results on 7 Aug 2026 at 19:03 IST, after market close. The stock's post-results move is therefore not yet part of this read.
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 | ₹567 cr |
| Other income | ₹5 cr |
| Expenses | ₹548 cr |
| Operating profit | ₹19 cr |
| Operating margin (%) | 3.27% |
| Interest | ₹12 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹2 cr |
| Net profit | ₹5 cr |
| EPS (₹) | ₹0.41 |
What to watch
- The next quarter's operating margin versus 3.27%.
- Whether interest remains a major charge relative to operating profit of Rs 18.54 cr.
- Whether other income remains material against pre-tax profit of Rs 7.07 cr.