BASML's tax credit lifts Q1 profit despite only Rs 2.34 cr PBT
Interest and depreciation absorbed most of operating profit, while a -485.60% tax rate converted low pre-tax profit into Rs 13.69 cr of net profit.
Filed 10 Aug 2026, 15:51 IST · after market close · BASML (BASML)
Key takeaways
- BASML reported consolidated operating profit of Rs 18.77 cr, but interest and depreciation reduced profit before tax to Rs 2.34 cr.
- The -Rs 11.36 cr tax line lifted consolidated net profit to Rs 13.69 cr despite the low pre-tax profit.
- Operating margin was 8.67%, while other income contributed Rs 1.47 cr to the quarter.
Operating profit was largely absorbed below the operating line
BASML's consolidated operations generated Rs 18.77 cr of operating profit on revenue of Rs 216.51 cr. Interest of Rs 10.29 cr and depreciation of Rs 7.61 cr together left only Rs 2.34 cr of profit before tax. This makes the quarter's net profit less representative of operating earnings.
The tax credit drove the reported net profit
The tax line was -Rs 11.36 cr, producing a tax rate of -485.60% and lifting net profit to Rs 13.69 cr. Other income was Rs 1.47 cr, but the main gap between pre-tax and net profit came from the tax benefit. The result therefore contains a clear tax-related distortion in reported profitability.
Results were filed after market close
The consolidated Q1FY27 results were filed after market close on 10 August 2026. There is no quarter-on-quarter or year-on-year comparison in the reported data, so the operating margin of 8.67% serves as the starting point for tracking the next quarter.
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 | ₹217 cr |
| Other income | ₹1 cr |
| Expenses | ₹198 cr |
| Operating profit | ₹19 cr |
| Operating margin (%) | 8.67% |
| Interest | ₹10 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹-11 cr |
| Net profit | ₹14 cr |
| EPS (₹) | ₹1.71 |
What to watch
- Whether operating profit can continue to cover interest of Rs 10.29 cr and depreciation of Rs 7.61 cr.
- Whether operating margin holds above 8.67%.
- Whether the tax rate moves away from -485.60% and brings net profit closer to pre-tax earnings.