Bhagyanagar India reports Rs 20.25 cr Q1 profit
The consolidated quarter included Rs 90.03 cr of operating profit, while interest and depreciation reduced profit before tax to Rs 27.10 cr.
Filed 27 Jul 2026, 12:24 IST · BHAGYANGR (BHAGYANGR)
Key takeaways
- Bhagyanagar India reported consolidated net profit of Rs 20.25 cr and EPS of Rs 6.33 in Q1FY27.
- Operating profit was Rs 90.03 cr, but interest of Rs 9.93 cr and depreciation of Rs 2.05 cr weighed on profit before tax.
- Other income was only Rs 0.79 cr against profit before tax of Rs 27.10 cr, indicating that reported profit was not driven by non-operating income.
Q1FY27 delivered Rs 20.25 cr of consolidated profit
Bhagyanagar India reported consolidated revenue of Rs 705.08 cr and net profit of Rs 20.25 cr in Q1FY27. Operating profit stood at Rs 90.03 cr, with an operating margin of 12.77%. There is no year-on-year or sequential comparison in the reported data, so the quarter's scale cannot be measured against earlier periods here.
Interest was the main disclosed drag below operating profit
Interest expense was Rs 9.93 cr and depreciation was Rs 2.05 cr, creating a substantial gap between operating profit of Rs 90.03 cr and profit before tax of Rs 27.10 cr. Tax was Rs 6.86 cr at a 25.30% tax rate. Other income of Rs 0.79 cr was small relative to profit before tax, so it did not materially support the reported result.
Management links copper sourcing to supply constraints
Management said supply constraints are accelerating the shift from primary to recycled copper in India. The company also said it plans to deepen ties with leaders in electrical, automotive and renewable energy. These comments point to sourcing changes and industry relationships as the main business themes flagged alongside the 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 | ₹705 cr |
| Other income | ₹1 cr |
| Expenses | ₹615 cr |
| Operating profit | ₹90 cr |
| Operating margin (%) | 12.77% |
| Interest | ₹10 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹27 cr |
| Tax | ₹7 cr |
| Net profit | ₹20 cr |
| EPS (₹) | ₹6.33 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
New initiatives
- The company plans to deepen ties with leaders in electrical, automotive and renewable energy.
Problems & risks
- The presentation says supply constraints are accelerating the transition from primary to recycled copper in India.
What to watch
- Whether consolidated revenue moves from the Q1FY27 base of Rs 705.08 cr.
- Whether operating margin remains around the reported 12.77%.
- Whether interest expense stays below or rises above Rs 9.93 cr.