ELEVATE's Rs 34.06 cr profit was cut by interest and depreciation
The consolidated quarter produced a 75.15% operating margin, while management disclosed a 208-bed addition at JGU during FY27.
Filed 19 Oct 2026, 20:49 IST · after market close · ELEVATE (ELEVATE)
Key takeaways
- Consolidated operating profit of Rs 164.69 cr was substantially reduced by Rs 83.01 cr interest and Rs 41.24 cr depreciation, leaving PBT at Rs 42.42 cr.
- Other income of Rs 1.99 cr was small relative to PBT of Rs 42.42 cr, so reported profit was not primarily supported by non-operating income.
- Management said ELEVATE added 208 beds at JGU during FY27.
Operating profit did not flow through to PBT
ELEVATE reported consolidated revenue of Rs 219.13 cr against expenses of Rs 54.45 cr, resulting in a 75.15% operating margin. The key earnings leakage came below operating profit: interest was Rs 83.01 cr and depreciation was Rs 41.24 cr. That left profit before tax at Rs 42.42 cr and net profit at Rs 34.06 cr.
Other income was not a major profit driver
Other income of Rs 1.99 cr was small compared with PBT of Rs 42.42 cr, limiting the quality concern from non-operating earnings. The Rs 8.37 cr tax charge implies a 19.72% tax rate, with EPS reported at Rs 3.85.
JGU capacity addition disclosed by management
The presentation said the company added 208 beds at JGU during FY27. This provides a capacity-related explanation for the expansion narrative, but the disclosed commentary does not quantify its contribution to this quarter's revenue or profit. The results were filed after market close on 19 October 2026.
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 | ₹219 cr |
| Other income | ₹2 cr |
| Expenses | ₹54 cr |
| Operating profit | ₹165 cr |
| Operating margin (%) | 75.15% |
| Interest | ₹83 cr |
| Depreciation | ₹41 cr |
| Profit before tax | ₹42 cr |
| Tax | ₹8 cr |
| Net profit | ₹34 cr |
| EPS (₹) | ₹3.85 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Expansion
- The company added 208 beds at JGU in FY27.
What to watch
- Whether operating profit continues to cover the Rs 83.01 cr interest charge.
- Whether depreciation remains around Rs 41.24 cr as the 208-bed JGU addition enters the reported base.
- The tax rate and its effect on net profit relative to 19.72%.