Bliss GVS margin beats Healthcare peer median in Q1FY27
Operating margin was 3.8 percentage points above the sector median, but other income of Rs 9.6 cr supported reported pre-tax profit.
Filed 12 Aug 2026, 19:38 IST · after market close · Bliss GVS Pharma Ltd (BLISSGVS)
Key takeaways
- Bliss GVS reported consolidated Q1FY27 operating margin of 26.75%, 3.8 percentage points above the Healthcare peer median.
- Other income of Rs 9.6 cr contributed to profit before tax of Rs 75.48 cr, so reported earnings included a non-operating component.
- Tax at 31.94% reduced consolidated net profit to Rs 51.37 cr from profit before tax of Rs 75.48 cr.
Price around the results
Margin stayed ahead of Healthcare peers
Bliss GVS reported consolidated operating margin of 26.75% in Q1FY27, 3.8 percentage points above the 22.95% median for 65 Healthcare peers that have reported. That places the company above the sector midpoint, with its margin ranking 44th from the bottom. The results were filed after market close.
Other income supported pre-tax earnings
Operating profit of Rs 76.4 cr was reduced to profit before tax of Rs 75.48 cr by depreciation of Rs 9.94 cr and interest of Rs 0.58 cr, partly offset by other income of Rs 9.6 cr. This means reported pre-tax profit was not generated entirely from operations. Tax at 31.94% brought consolidated net profit to Rs 51.37 cr.
No sequential or annual trend is available in this filing
The quarter's operating margin was 26.75%, but there is no year-on-year or sequential comparison to establish whether profitability is improving or declining. The key distinction in this release is therefore the gap versus the Healthcare peer median and the contribution from other income.
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 | ₹286 cr |
| Other income | ₹10 cr |
| Expenses | ₹209 cr |
| Operating profit | ₹76 cr |
| Operating margin (%) | 26.75% |
| Interest | ₹1 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹75 cr |
| Tax | ₹24 cr |
| Net profit | ₹51 cr |
| EPS (₹) | ₹4.73 |
Operating margin of 26.75% compares with a Healthcare sector median of 22.95% across 65 peers that have reported Q1FY27.
What to watch
- Whether operating margin holds above the 26.75% reported in Q1FY27.
- Whether other income remains near Rs 9.6 cr in relation to profit before tax of Rs 75.48 cr.
- Whether the tax rate moves from 31.94% in the next reported quarter.