Depreciation and interest pushed DCAL to a Rs 57.88 cr loss
The consolidated business generated Rs 60.08 cr of operating profit, but depreciation and interest drove pre-tax profit into the red.
Filed 14 Aug 2026, 20:02 IST · after market close · DCAL (DCAL)
Key takeaways
- DCAL reported a consolidated net loss of Rs 57.88 cr, with EPS at Rs -3.69.
- Depreciation of Rs 90.68 cr and interest of Rs 37.09 cr more than offset operating profit of Rs 60.08 cr.
- Revenue of Rs 677.64 cr produced an operating margin of 8.87%, while other income of Rs 16.47 cr did not prevent a pre-tax loss of Rs 51.22 cr.
Operating profit was outweighed below the operating line
DCAL reported consolidated revenue of Rs 677.64 cr and operating profit of Rs 60.08 cr. Depreciation of Rs 90.68 cr exceeded operating profit, while interest added a further Rs 37.09 cr charge, resulting in a pre-tax loss of Rs 51.22 cr. Other income of Rs 16.47 cr partly offset these charges but did not change the loss outcome.
Tax expense added to the reported loss
The company reported a tax expense of Rs 6.66 cr despite its pre-tax loss, resulting in a tax rate of -13.00%. This took net loss to Rs 57.88 cr from a pre-tax loss of Rs 51.22 cr. The 8.87% operating margin therefore did not translate into positive earnings after depreciation, interest and tax.
Results were filed after market hours
The consolidated results were filed at 20:02 IST on 14 August 2026, after the market closed. No quarter-on-quarter, year-on-year or post-results stock comparison is available in this report, so the quarter is best read through its operating profit versus depreciation and interest burden.
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 | ₹678 cr |
| Other income | ₹16 cr |
| Expenses | ₹618 cr |
| Operating profit | ₹60 cr |
| Operating margin (%) | 8.87% |
| Interest | ₹37 cr |
| Depreciation | ₹91 cr |
| Profit before tax | ₹-51 cr |
| Tax | ₹7 cr |
| Net profit | ₹-58 cr |
| EPS (₹) | ₹-3.69 |
What to watch
- Whether operating margin moves from the reported 8.87% level.
- Whether operating profit of Rs 60.08 cr covers depreciation of Rs 90.68 cr.
- Whether interest remains close to the reported Rs 37.09 cr burden.