HALDER's Q1 profit conversion was hit by interest and a 53.04% tax rate
The consolidated quarter produced Rs 14.88 cr of operating profit, but Rs 9.11 cr of interest and Rs 3.91 cr of tax reduced net profit to Rs 3.46 cr.
Filed 13 Aug 2026, 20:58 IST · after market close · HALDER (HALDER)
Key takeaways
- HALDER reported consolidated Q1FY27 net profit of Rs 3.46 cr, after a 53.04% tax rate.
- Interest of Rs 9.11 cr exceeded profit before tax of Rs 7.37 cr, limiting profit conversion.
- Operating margin was 7.96%, with Rs 172.19 cr of expenses against Rs 187.07 cr of revenue.
Interest and tax absorbed much of operating profit
The main constraint below operating profit was finance cost: interest of Rs 9.11 cr was higher than profit before tax of Rs 7.37 cr. Tax at 53.04% further reduced the conversion of pre-tax profit into Rs 3.46 cr of net profit. Other income of Rs 3.6 cr provided a non-operating contribution and should be read separately from core operating earnings.
The cost base left a 7.96% operating margin
Expenses of Rs 172.19 cr absorbed most of revenue of Rs 187.07 cr, leaving Rs 14.88 cr before interest and depreciation. That produced a 7.96% operating margin, while depreciation added a further Rs 2.01 cr charge before profit before tax.
Results were filed after market close
HALDER filed its consolidated Q1FY27 results at 20:58 IST on 13 Aug 2026, after market close. The filing therefore does not include an immediate market reaction.
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 | ₹187 cr |
| Other income | ₹4 cr |
| Expenses | ₹172 cr |
| Operating profit | ₹15 cr |
| Operating margin (%) | 7.96% |
| Interest | ₹9 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹4 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹2.78 |
What to watch
- Whether operating margin moves above or below 7.96%.
- Whether the tax rate remains close to 53.04%.
- Whether interest remains above Rs 9.11 cr.