Low operating margin leaves limited profit after interest and depreciation
Consolidated net profit was supported by a 0% tax rate, with other income also a material part of reported pre-tax profit.
Filed 12 Aug 2026, 15:29 IST · BEDMUTHA (BEDMUTHA)
Key takeaways
- Consolidated operating margin was only 3.28%, leaving Rs 17.76 cr of operating profit on Rs 541.43 cr of revenue.
- Interest of Rs 8.61 cr and depreciation of Rs 5.42 cr reduced operating profit to Rs 6.92 cr of profit before tax.
- A 0% tax rate meant net profit matched profit before tax at Rs 6.92 cr, while other income contributed Rs 3.20 cr.
Operating profit stayed thin on the reported revenue base
BEDMUTHA reported consolidated revenue of Rs 541.43 cr and operating profit of Rs 17.76 cr, implying an operating margin of 3.28%. The limited operating surplus left the company with little cushion after financing and depreciation charges.
Interest and depreciation absorbed much of operating profit
Interest expense was Rs 8.61 cr and depreciation was Rs 5.42 cr, taking profit before tax to Rs 6.92 cr. Other income of Rs 3.20 cr was material relative to reported pre-tax profit, so the quarter's earnings were not entirely operating-led.
Zero tax rate lifted conversion from pre-tax to net profit
The reported tax rate was 0%, leaving net profit equal to profit before tax at Rs 6.92 cr. EPS was Rs 2.15. There is no year-on-year or sequential comparison in this release, so the quarter's margin direction cannot be assessed from the reported data.
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 | ₹541 cr |
| Other income | ₹3 cr |
| Expenses | ₹524 cr |
| Operating profit | ₹18 cr |
| Operating margin (%) | 3.28% |
| Interest | ₹9 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹0 cr |
| Net profit | ₹7 cr |
| EPS (₹) | ₹2.15 |
What to watch
- Whether operating margin moves above or below 3.28%.
- Whether interest expense remains close to Rs 8.61 cr.
- Whether the tax rate remains at 0% and other income remains near Rs 3.20 cr.