Global Vectra posts Rs 11.85 cr loss despite operating profit
Depreciation and interest outweighed operating earnings, while a Rs 5.52 cr tax credit reduced the net loss.
Filed 11 Aug 2026, 18:19 IST · after market close · GLOBALVECT (GLOBALVECT)
Key takeaways
- Standalone Q1FY27 ended in a Rs 11.85 cr net loss despite Rs 11.57 cr of operating profit.
- Interest of Rs 10.35 cr and depreciation of Rs 24.72 cr more than offset operating profit and other income of Rs 6.13 cr.
- A tax credit of Rs 5.52 cr reduced the Rs 17.36 cr pre-tax loss, making the reported tax rate of 31.77% an important profit-quality factor.
Operating profit did not cover below-the-line charges
Global Vectra reported standalone operating profit of Rs 11.57 cr on revenue of Rs 130.71 cr, but ended Q1FY27 with a Rs 17.36 cr pre-tax loss. Depreciation of Rs 24.72 cr and interest of Rs 10.35 cr were the main charges pulling earnings below the operating line. Other income of Rs 6.13 cr was not enough to offset them.
The tax credit softened the reported net loss
The company reported a tax credit of Rs 5.52 cr, reducing the pre-tax loss to a net loss of Rs 11.85 cr. The reported tax rate was 31.77%, so the net result benefited from tax accounting even though the business remained loss-making before tax. This makes operating profit a clearer measure of the quarter's underlying earnings than net profit alone.
Results were filed after market close
The standalone results were filed on 11 August 2026 at 18:19 IST, after market close. There is no reported post-results market reaction to assess yet.
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 | ₹131 cr |
| Other income | ₹6 cr |
| Expenses | ₹119 cr |
| Operating profit | ₹12 cr |
| Operating margin (%) | 8.85% |
| Interest | ₹10 cr |
| Depreciation | ₹25 cr |
| Profit before tax | ₹-17 cr |
| Tax | ₹-6 cr |
| Net profit | ₹-12 cr |
| EPS (₹) | ₹-8.46 |
What to watch
- Whether operating margin moves above or below 8.85% in the next quarter.
- Whether interest expense remains near Rs 10.35 cr.
- Whether depreciation remains near Rs 24.72 cr and continues to exceed operating profit.