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 reduced consolidated profit before tax of Rs 8.41 cr to net profit of Rs 4.20 cr.
- Operating profit of Rs 16.90 cr on revenue of Rs 156.83 cr yielded a 10.78% margin, before Rs 3.96 cr of interest and Rs 4.99 cr of depreciation.
- Other income was only Rs 0.46 cr, so reported profit was driven mainly by operations rather than non-operating income.
Operating profit faced a sizeable below-operating charge
GRPLTD reported consolidated revenue of Rs 156.83 cr and expenses of Rs 139.93 cr in Q1FY27, leaving Rs 16.90 cr of operating profit. Interest of Rs 3.96 cr and depreciation of Rs 4.99 cr reduced this to Rs 8.41 cr of profit before tax, showing that below-operating charges took a substantial part of operating earnings.
Tax, not other income, shaped reported profit
The 50.09% tax rate left net profit at Rs 4.20 cr from Rs 8.41 cr of pre-tax profit. Other income was Rs 0.46 cr, so it did not materially change the earnings picture or offset the tax burden.
Results were filed after market close
The consolidated Q1FY27 results were filed after market close on 23 Jul 2026. There is no market reaction to assess yet.
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 | ₹140 cr |
| Operating profit | ₹17 cr |
| Operating margin (%) | 10.78% |
| 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 consolidated operating margin moves from the reported 10.78%.
- Whether the tax rate remains close to 50.09% of pre-tax profit.
- Whether interest expense stays near the reported Rs 3.96 cr as operating profit changes.