Negative other income wiped out DCMSIL's Q4 operating profit
The consolidated business generated Rs 6.05 cr of operating profit, but Rs -18.13 cr of other income pushed the quarter into a Rs -18.22 cr net loss.
Filed 29 Jul 2026, 12:09 IST · DCMSIL (DCMSIL)
Key takeaways
- DCMSIL's consolidated Q4FY26 operating profit of Rs 6.05 cr was overwhelmed by Rs -18.13 cr of other income, leaving a Rs -18.22 cr net loss.
- The 5.20% operating margin did not translate into pre-tax profit because the negative other-income line exceeded operating profit.
- A Rs 1.46 cr tax expense resulted in a -8.71% tax rate despite the company reporting a pre-tax loss.
Operating profit was lost below the operating line
DCMSIL's consolidated revenue of Rs 116.36 cr exceeded expenses of Rs 110.31 cr, producing operating profit of Rs 6.05 cr. That operating surplus was more than offset by other income of Rs -18.13 cr, resulting in a pre-tax loss of Rs 16.76 cr. Interest of Rs 1.39 cr and depreciation of Rs 3.29 cr added to the below-operating-line burden.
The quarter's profit quality was weak
The 5.20% operating margin shows that the core reported operations remained profitable, but it was not enough to absorb the negative other-income line. The Rs 1.46 cr tax expense increased the reported loss to Rs 18.22 cr and produced a -8.71% tax rate, so taxation did not provide relief despite the pre-tax loss.
No sequential or year-on-year trend is available in this release
The quarter has no reported YoY or QoQ comparison in the supplied results, so the direction of revenue, costs and operating margin cannot be established from this release alone. The key reference point for the next comparison is whether the 5.20% operating margin can absorb below-operating-line items without a repeat of the Rs -18.13 cr other-income drag.
Q4FY26 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹116 cr |
| Other income | ₹-18 cr |
| Expenses | ₹110 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 5.20% |
| Interest | ₹1 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹-17 cr |
| Tax | ₹1 cr |
| Net profit | ₹-18 cr |
| EPS (₹) | ₹-2.09 |
What to watch
- Whether operating margin moves above or below 5.20%.
- Whether other income remains negative relative to Rs -18.13 cr.
- Whether a tax expense recurs despite a pre-tax loss of Rs 16.76 cr.