GVPTECH reports profit despite operating loss as other income drives Q1
Other income exceeded pre-tax profit, while a tax credit further supported the standalone net result.
Filed 14 Aug 2026, 17:10 IST · after market close · GVPTECH (GVPTECH)
Key takeaways
- Standalone Q1FY27 net profit of Rs 3.67 cr came despite an operating loss of Rs 1.15 cr.
- Other income of Rs 5.17 cr exceeded profit before tax of Rs 3.34 cr, making it the main profit driver.
- A tax credit of Rs 0.32 cr also supported earnings, while operating margin stood at -3442.64% on revenue of just Rs 0.03 cr.
Profit came from below operating performance
GVPTECH reported standalone net profit of Rs 3.67 cr even though operating profit was negative at Rs 1.15 cr. Other income of Rs 5.17 cr more than offset the operating loss, interest of Rs 0.20 cr and depreciation of Rs 0.49 cr. The filing came after market close, so no post-results stock reaction is assessed here.
Operating margin is distorted by very low revenue
Revenue was only Rs 0.03 cr against expenses of Rs 1.18 cr, producing an operating margin of -3442.64%. This makes the margin percentage unusually sensitive to the small revenue base, but the underlying result still shows that operating costs were not covered by revenue. The tax line was a credit of Rs 0.32 cr, or a tax rate of -9.67%, which further lifted reported net profit.
No comparable trend or market history is available
The quarter has no reported year-on-year or sequential comparison, and no multi-quarter margin trend is provided. The key distinction in this filing is therefore between operating performance and reported profit: the former was loss-making, while the latter relied on Rs 5.17 cr of other income and a tax credit.
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 | ₹0 cr |
| Other income | ₹5 cr |
| Expenses | ₹1 cr |
| Operating profit | ₹-1 cr |
| Operating margin (%) | -3442.64% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹-0 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹0.21 |
What to watch
- Whether revenue rises from Rs 0.03 cr enough to reduce the distortion in the -3442.64% operating margin.
- Whether operating profit improves from the Rs 1.15 cr loss.
- Whether other income remains near Rs 5.17 cr or reported profit becomes more dependent on operations.