Other income outweighed operating profit in Cheviot's Q1FY27
Standalone operating profit was Rs 21.08 cr, but other income of Rs 36.39 cr lifted pre-tax profit to Rs 55.41 cr.
Filed 05 Aug 2026, 12:11 IST · CHEVIOT (CHEVIOT)
Key takeaways
- Standalone net profit was Rs 45.29 cr, while other income of Rs 36.39 cr made a substantial contribution to pre-tax profit.
- Operating profit was Rs 21.08 cr on revenue of Rs 170.55 cr, leaving operating margin at 12.36%.
- The 18.26% tax rate reduced the conversion of Rs 55.41 cr pre-tax profit into Rs 45.29 cr net profit.
Operating profit was smaller than other income
Cheviot reported standalone operating profit of Rs 21.08 cr on revenue of Rs 170.55 cr, implying a 12.36% operating margin. Other income was Rs 36.39 cr, higher than operating profit, so reported earnings were driven materially by non-operating income.
Profit quality is the central feature of Q1FY27
Other income accounted for a substantial part of the Rs 55.41 cr pre-tax profit, making the Rs 45.29 cr net profit less representative of operating earnings alone. Interest was limited to Rs 0.12 cr, while depreciation was Rs 1.94 cr, leaving other income as the main gap between operating profit and pre-tax profit.
Tax absorbed part of the pre-tax gain
The standalone tax charge was Rs 10.12 cr at an 18.26% tax rate. That tax outgo reduced pre-tax profit of Rs 55.41 cr to net profit of Rs 45.29 cr, while no sequential or year-on-year comparison is available in this release.
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 | ₹171 cr |
| Other income | ₹36 cr |
| Expenses | ₹149 cr |
| Operating profit | ₹21 cr |
| Operating margin (%) | 12.36% |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹55 cr |
| Tax | ₹10 cr |
| Net profit | ₹45 cr |
| EPS (₹) | ₹77.53 |
What to watch
- Whether operating margin holds above 12.36%.
- Whether other income remains below or above the Rs 36.39 cr reported in Q1FY27.
- Whether the tax rate stays near 18.26%.