High tax and finance costs limited Fischer's Q1FY27 profit
Consolidated operating profit was Rs 11.25 cr, but Rs 3.54 cr interest and a 51.59% tax rate compressed net profit to Rs 3.79 cr.
Filed 14 Aug 2026, 20:31 IST · after market close · FISCHER (FISCHER)
Key takeaways
- Fischer converted Rs 81.92 cr of consolidated revenue into Rs 3.79 cr of net profit, with EPS at Rs 0.06.
- A 51.59% tax rate materially reduced the conversion of Rs 7.83 cr pre-tax profit into net profit.
- Operating profit of Rs 11.25 cr was partly absorbed by Rs 3.54 cr of interest and Rs 1.36 cr of depreciation.
Price around the results
Profit conversion remained the key issue
Fischer converted Rs 81.92 cr of consolidated revenue into Rs 3.79 cr of net profit in Q1FY27, leaving EPS at Rs 0.06. The Rs 11.25 cr operating profit provided a 13.73% operating margin, but only Rs 7.83 cr remained before tax after financing and depreciation charges.
Tax and finance costs weighed on earnings
Interest of Rs 3.54 cr and depreciation of Rs 1.36 cr reduced the operating-profit contribution before tax. Tax of Rs 4.04 cr represented a 51.59% tax rate, limiting the conversion of Rs 7.83 cr pre-tax profit into net profit. Other income was Rs 1.48 cr, providing an additional contribution below operating profit.
Results were filed after market close
The consolidated results were filed after market close, so there is no market reaction to assess yet. With no sequential, year-on-year or multi-quarter comparison in this release, the next reported quarter will establish the direction for the 13.73% operating margin and 51.59% tax rate.
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 | ₹82 cr |
| Other income | ₹1 cr |
| Expenses | ₹71 cr |
| Operating profit | ₹11 cr |
| Operating margin (%) | 13.73% |
| Interest | ₹4 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹8 cr |
| Tax | ₹4 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹0.06 |
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.55% | -3.22% |
| Next session | -1.32% | — |
| 5 sessions | -5.62% | -5.01% |
| 15 sessions | -7.56% | — |
Volume on the results session was 0.27× its 20-day average.
What to watch
- Whether operating margin holds above 13.73%.
- Whether the tax rate moves below 51.59%.
- Whether interest remains close to Rs 3.54 cr.