Butterfly's Rs 8.89 cr profit came with a 7.03% operating margin
The standalone quarter was shaped by Rs 3.2 cr of other income and a 25.48% tax rate below operating profit.
Filed 03 Aug 2026, 15:15 IST · BUTTERFLY (BUTTERFLY)
Key takeaways
- Standalone net profit was Rs 8.89 cr after depreciation of Rs 6.09 cr, interest of Rs 0.21 cr and tax of Rs 3.04 cr.
- Revenue of Rs 213.87 cr generated a 7.03% operating margin, with expenses at Rs 198.84 cr.
- Other income of Rs 3.2 cr was a visible contributor alongside profit before tax of Rs 11.93 cr, while the tax rate was 25.48%.
Operating earnings remained modest against the revenue base
Butterfly's standalone revenue converted into Rs 15.03 cr of operating profit, implying a 7.03% operating margin. Expenses of Rs 198.84 cr absorbed most of the Rs 213.87 cr revenue base. Net profit was further reduced by depreciation of Rs 6.09 cr, interest of Rs 0.21 cr and tax of Rs 3.04 cr.
Other income was material below operating profit
Other income of Rs 3.2 cr was a visible contributor to profit before tax of Rs 11.93 cr. The 25.48% tax rate also shaped the conversion from pre-tax profit to net profit of Rs 8.89 cr. Reported earnings therefore reflect both operating performance and items below operating profit.
The next quarter will test operating conversion
The key check is whether operating margin holds above 7.03% as revenue and expenses change. Investors can also track whether other income remains around Rs 3.2 cr and whether the 25.48% tax rate changes the conversion of pre-tax profit into net profit.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹214 cr |
| Other income | ₹3 cr |
| Expenses | ₹199 cr |
| Operating profit | ₹15 cr |
| Operating margin (%) | 7.03% |
| Interest | ₹0 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹3 cr |
| Net profit | ₹9 cr |
| EPS (₹) | ₹4.97 |
What to watch
- Whether operating margin holds above 7.03%.
- Whether expenses remain closely aligned with revenue of Rs 213.87 cr.
- Whether other income remains near Rs 3.2 cr and the tax rate near 25.48%.