Interest costs outweighed operating profit at DCMSRIND in Q1FY27
Standalone operating profit of Rs 7.18 cr was below interest and depreciation combined, while other income and negative tax supported net profit.
Filed 13 Aug 2026, 14:21 IST · DCMSRIND (DCMSRIND)
Key takeaways
- DCMSRIND’s standalone net profit was Rs 1.55 cr, even as interest of Rs 7.57 cr exceeded operating profit of Rs 7.18 cr.
- Other income of Rs 6.17 cr was a major support to the Rs 1.29 cr standalone profit before tax.
- The standalone operating margin was only 2.45%, while a negative tax rate of -20.16% lifted reported net profit.
Thin operating surplus, modest reported profit
DCMSRIND reported standalone revenue of Rs 293.63 cr and expenses of Rs 286.45 cr, leaving an operating profit of Rs 7.18 cr. The resulting 2.45% operating margin shows that only a small portion of revenue remained after operating costs. No year-on-year or sequential comparison is provided for this quarter.
Interest burden and other income shaped the quarter
Interest of Rs 7.57 cr exceeded operating profit, while depreciation added another Rs 4.49 cr charge. This left standalone profit before tax at Rs 1.29 cr despite the operating surplus. Other income of Rs 6.17 cr was a major contributor relative to pre-tax profit, so the earnings mix was not driven only by operations.
Negative tax rate lifted net profit
The reported tax rate was -20.16%, with a tax credit of Rs 0.26 cr. That tax benefit helped net profit reach Rs 1.55 cr from Rs 1.29 cr of pre-tax profit. Basic EPS was Rs 0.18.
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 | ₹294 cr |
| Other income | ₹6 cr |
| Expenses | ₹286 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 2.45% |
| Interest | ₹8 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹-0 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.18 |
What to watch
- Whether operating margin moves up from 2.45%.
- Whether operating profit exceeds interest expense of Rs 7.57 cr.
- Whether other income remains material relative to profit before tax of Rs 1.29 cr.