A 50.09% tax rate halves GRPLTD’s Q1 pre-tax profit
Operating margin was 5.29%, while interest and depreciation absorbed much of the operating profit before tax was applied.
Filed 23 Jul 2026, 18:01 IST · after market close · GRPLTD (GRPLTD)
Key takeaways
- A 50.09% tax rate left consolidated Q1FY27 net profit at Rs 4.2 cr from profit before tax of Rs 8.41 cr.
- Expenses of Rs 148.53 cr left Rs 8.3 cr of operating profit from Rs 156.83 cr of revenue, an operating margin of 5.29%.
- Other income contributed only Rs 0.46 cr, while interest and depreciation were Rs 3.96 cr and Rs 4.99 cr respectively.
Operating profit was modest against the cost base
Consolidated revenue of Rs 156.83 cr generated operating profit of Rs 8.3 cr, leaving the company with a 5.29% operating margin. Expenses of Rs 148.53 cr absorbed most of revenue, so the quarter’s earnings were sensitive to below-the-operating-line charges.
Interest, depreciation and tax shaped reported profit
Interest of Rs 3.96 cr and depreciation of Rs 4.99 cr weighed on operating profit before the company reported Rs 8.41 cr of profit before tax. Other income was just Rs 0.46 cr, so non-operating income was not a material support to earnings. Tax at 50.09% reduced net profit to Rs 4.2 cr, with EPS at Rs 7.87.
Results were filed after market close
GRPLTD filed these consolidated Q1FY27 results at 18:01 IST on 23 July 2026, after market close. The results are therefore too fresh for a market reaction to assess, and there is no post-results trading move to compare with the stock’s usual response.
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 | ₹157 cr |
| Other income | ₹0 cr |
| Expenses | ₹149 cr |
| Operating profit | ₹8 cr |
| Operating margin (%) | 5.29% |
| Interest | ₹4 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹8 cr |
| Tax | ₹4 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹7.87 |
What to watch
- Whether operating margin improves from 5.29% in the next reported quarter.
- Whether interest and depreciation remain at Rs 3.96 cr and Rs 4.99 cr respectively.
- Whether the tax rate moves from 50.09% while profit before tax remains at Rs 8.41 cr or changes.