HMVL profit gets a major lift from Rs 46.88 cr of other income
Operating profit was Rs 28.27 cr, meaning reported earnings were driven partly by income outside the core business.
Filed 04 Aug 2026, 12:54 IST · HMVL (HMVL)
Key takeaways
- Consolidated net profit was Rs 51.17 cr, but Rs 46.88 cr of other income was a major contributor to pre-tax profit.
- Operating profit was Rs 28.27 cr at a 14.34% operating margin, so core earnings were well below reported pre-tax profit of Rs 69.10 cr.
- The 19.49% tax rate resulted in tax of Rs 13.47 cr on consolidated pre-tax profit.
Reported profit was led by non-operating income
HMVL reported consolidated net profit of Rs 51.17 cr on revenue of Rs 197.18 cr. Other income of Rs 46.88 cr sat alongside operating profit of Rs 28.27 cr, making the reported profit mix materially broader than core operations alone.
Core margin stood at 14.34%
Expenses were Rs 168.91 cr against operating profit of Rs 28.27 cr, producing a 14.34% operating margin. Interest of Rs 2.27 cr and depreciation of Rs 3.78 cr were additional charges below operating profit, while the 19.49% tax rate reduced pre-tax profit of Rs 69.10 cr to net profit of Rs 51.17 cr.
No quarter-on-quarter or market-response read-through yet
The filing provides no sequential or year-on-year comparison, and there is no reported post-results stock reaction to assess against HMVL's history. The key distinction this quarter is therefore between the Rs 28.27 cr operating profit and the Rs 46.88 cr of other income included in reported earnings.
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 | ₹197 cr |
| Other income | ₹47 cr |
| Expenses | ₹169 cr |
| Operating profit | ₹28 cr |
| Operating margin (%) | 14.34% |
| Interest | ₹2 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹69 cr |
| Tax | ₹13 cr |
| Net profit | ₹51 cr |
| EPS (₹) | ₹6.95 |
What to watch
- Whether operating margin remains at 14.34% in the next reported quarter.
- The contribution of other income relative to the current Rs 46.88 cr.
- Whether net profit continues to exceed operating profit of Rs 28.27 cr by a wide margin.