Depreciation pushes HLVLTD to a Rs 0.78 cr Q1 loss
Standalone operating profit of Rs 1.16 cr was outweighed by Rs 4.57 cr depreciation and Rs 0.64 cr interest; tax was zero.
Filed 28 Jul 2026, 13:18 IST · HLVLTD (HLVLTD)
Key takeaways
- HLVLTD reported a standalone net loss of Rs 0.78 cr in Q1FY27 despite operating profit of Rs 1.16 cr.
- Depreciation of Rs 4.57 cr and interest of Rs 0.64 cr outweighed operating profit, taking profit before tax to a loss of Rs 0.78 cr.
- Other income of Rs 3.27 cr exceeded operating profit, while zero tax left the net loss unchanged at Rs 0.78 cr.
Depreciation erased operating earnings
Standalone revenue of Rs 46.68 cr against expenses of Rs 45.52 cr produced only Rs 1.16 cr of operating profit, a 2.49% operating margin. Depreciation of Rs 4.57 cr was nearly four times operating profit, while interest added a further Rs 0.64 cr charge.
Other income could not prevent a loss
Other income of Rs 3.27 cr was higher than operating profit of Rs 1.16 cr, making non-operating income a significant part of the reported earnings profile. It was still insufficient to offset depreciation and interest, leaving profit before tax at a loss of Rs 0.78 cr.
Zero tax did not change the outcome
The tax line was Rs 0 cr, or a 0.00% tax rate, so the Rs 0.78 cr pre-tax loss flowed through unchanged to net profit. With no quarter-on-quarter, year-on-year or reaction-history comparison in the reported data, the key read-through is the gap between operating earnings and below-operating charges.
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 | ₹47 cr |
| Other income | ₹3 cr |
| Expenses | ₹46 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 2.49% |
| Interest | ₹1 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹0 cr |
| Net profit | ₹-1 cr |
| EPS (₹) | ₹-0.01 |
What to watch
- Whether operating margin holds above 2.49% while revenue remains above Rs 46.68 cr.
- Whether depreciation moves below Rs 4.57 cr relative to operating profit.
- Whether other income remains above operating profit of Rs 1.16 cr.