Other income drove DVL's Q1FY27 reported profit
Consolidated operating profit was Rs 91.04 cr, but other income of Rs 145.14 cr made a substantial contribution to pre-tax earnings.
Filed 10 Aug 2026, 14:32 IST · DVL (DVL)
Key takeaways
- Other income of Rs 145.14 cr was a major contributor to DVL's consolidated profit before tax of Rs 226.03 cr.
- The core business generated an operating margin of 39.31%, leaving operating profit at Rs 91.04 cr before non-operating income and below reported pre-tax profit.
- Net profit was Rs 174.29 cr after a 22.89% tax rate, while EPS stood at Rs 49.76.
Reported profit was led by non-operating income
Other income of Rs 145.14 cr was larger than the Rs 91.04 cr operating profit, making the reported profit profile less dependent on the core business. Profit before tax reached Rs 226.03 cr, so the quarter's earnings need to be read alongside the source of that non-operating income.
Core operating margin held at 39.31%
The operating business delivered Rs 91.04 cr of operating profit on revenue of Rs 231.59 cr, indicating that the main earnings contribution came from operations even though other income materially lifted pre-tax profit. Tax reduced profit by Rs 51.74 cr at a 22.89% tax rate, leaving net profit of Rs 174.29 cr.
EPS also reflects the contribution from other income
Basic EPS was Rs 49.76, supported by the gap between operating profit and profit before tax created by other income. The next reported quarter will show whether earnings continue to rely on this mix or track the operating business more closely.
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 | ₹232 cr |
| Other income | ₹145 cr |
| Expenses | ₹141 cr |
| Operating profit | ₹91 cr |
| Operating margin (%) | 39.31% |
| Interest | ₹4 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹226 cr |
| Tax | ₹52 cr |
| Net profit | ₹174 cr |
| EPS (₹) | ₹49.76 |
What to watch
- Whether operating margin holds around 39.31%.
- Whether other income remains a major contributor relative to operating profit of Rs 91.04 cr.
- Whether the tax rate moves from 22.89%.