HIKAL posts Rs 7.4 cr loss as depreciation and interest erase operating profit
A Rs 37.0 cr operating profit was more than offset by Rs 42.7 cr of depreciation and Rs 14.9 cr of interest.
Filed 06 Aug 2026, 14:48 IST · HIKAL (HIKAL)
Key takeaways
- HIKAL reported a consolidated Q1FY27 net loss of Rs 7.4 cr as depreciation of Rs 42.7 cr and interest of Rs 14.9 cr exceeded operating profit of Rs 37.0 cr.
- Other income of Rs 10.7 cr and a tax credit of Rs 2.5 cr only partly offset the loss before tax of Rs 9.9 cr.
- The quarter ended with a 9.19% consolidated operating margin, leaving limited operating profit after depreciation and interest.
Operating profit did not cover below-the-line charges
HIKAL generated consolidated operating profit of Rs 37.0 cr on revenue of Rs 402.8 cr, but depreciation of Rs 42.7 cr alone exceeded that operating profit. Interest of Rs 14.9 cr pushed profit before tax to a loss of Rs 9.9 cr.
Other income and tax credit softened the reported loss
Other income of Rs 10.7 cr partly offset the gap below operating profit, but was not enough to prevent a pre-tax loss. A tax credit of Rs 2.5 cr narrowed the consolidated net loss to Rs 7.4 cr.
Costs left a 9.19% operating margin
Expenses were Rs 365.8 cr against revenue of Rs 402.8 cr, leaving operating profit of Rs 37.0 cr and an operating margin of 9.19%. There is no sequential or year-on-year comparison in this release, so the quarter's margin direction cannot be assessed against prior periods.
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 | ₹403 cr |
| Other income | ₹11 cr |
| Expenses | ₹366 cr |
| Operating profit | ₹37 cr |
| Operating margin (%) | 9.19% |
| Interest | ₹15 cr |
| Depreciation | ₹43 cr |
| Profit before tax | ₹-10 cr |
| Tax | ₹-3 cr |
| Net profit | ₹-7 cr |
| EPS (₹) | ₹-0.60 |
What to watch
- Whether consolidated operating margin moves from 9.19%.
- Whether depreciation remains near Rs 42.7 cr.
- Whether profit before tax improves from Rs -9.9 cr as interest stands at Rs 14.9 cr.