Harrmala reports Rs 3.93 cr profit as operating margin stays thin
Interest absorbed much of the Rs 5.69 cr operating profit, while zero tax and Rs 3.18 cr of other income supported reported earnings.
Filed 13 Aug 2026, 18:56 IST · after market close · HARRMALAYA (HARRMALAYA)
Key takeaways
- Consolidated Q1FY27 revenue of Rs 124.92 cr generated operating profit of Rs 5.69 cr, a 4.55% operating margin.
- Interest of Rs 3.32 cr and depreciation of Rs 1.61 cr reduced profit before tax to Rs 3.93 cr.
- Net profit was Rs 3.93 cr with tax at Rs 0 cr, while other income contributed Rs 3.18 cr.
A 4.55% operating margin in Q1FY27
The consolidated business converted Rs 124.92 cr of revenue into Rs 5.69 cr of operating profit, leaving a 4.55% operating margin. This indicates limited operating surplus before financing costs, depreciation and tax.
Interest and other income shaped reported profit
Interest of Rs 3.32 cr and depreciation of Rs 1.61 cr took profit before tax to Rs 3.93 cr. Other income of Rs 3.18 cr was a large component of pre-tax profit, and the zero tax charge meant profit after tax matched profit before tax.
Filed after market close
Harrmala filed its consolidated Q1FY27 results at 18:56 IST on 13 August 2026, after market close. The next trading session is therefore the first point at which the stock's immediate response can be observed.
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 | ₹125 cr |
| Other income | ₹3 cr |
| Expenses | ₹119 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 4.55% |
| Interest | ₹3 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹4 cr |
| Tax | ₹0 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹2.13 |
What to watch
- Whether operating margin improves from 4.55% in the next quarter.
- Whether interest remains near the Rs 3.32 cr reported in Q1FY27.
- Whether other income remains a material contributor relative to the Rs 3.93 cr profit before tax.