HPL's Q1 profit reaches Rs 18.69 cr as interest absorbs operating gains
Consolidated operating profit of Rs 63.18 cr was reduced by Rs 22.08 cr of interest and Rs 18.09 cr of depreciation before tax.
Filed 10 Aug 2026, 18:13 IST · after market close · HPL (HPL)
Key takeaways
- HPL's consolidated Q1FY27 operating profit was Rs 63.18 cr on revenue of Rs 515.24 cr, giving a 12.26% operating margin.
- Interest of Rs 22.08 cr and depreciation of Rs 18.09 cr reduced operating profit to profit before tax of Rs 25.17 cr.
- Net profit was Rs 18.69 cr, while other income contributed Rs 2.16 cr and the tax rate was 25.73%.
Operating profit did not fully translate into earnings
HPL reported consolidated revenue of Rs 515.24 cr and operating profit of Rs 63.18 cr in Q1FY27. The 12.26% operating margin left limited room after interest and depreciation, resulting in profit before tax of Rs 25.17 cr. Net profit stood at Rs 18.69 cr, with EPS of Rs 2.90.
Interest and depreciation were the main earnings drag
Interest of Rs 22.08 cr and depreciation of Rs 18.09 cr together absorbed a substantial part of operating profit before tax. Other income was Rs 2.16 cr, so non-operating income was not the main support for reported profit. The 25.73% tax rate then reduced profit before tax to net profit of Rs 18.69 cr.
The filing came after market close
HPL filed these consolidated results after market close, so there is no post-results stock reaction to assess here. The next reported quarter will show whether the 12.26% operating margin and the Rs 22.08 cr interest burden remain at similar levels.
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 | ₹515 cr |
| Other income | ₹2 cr |
| Expenses | ₹452 cr |
| Operating profit | ₹63 cr |
| Operating margin (%) | 12.26% |
| Interest | ₹22 cr |
| Depreciation | ₹18 cr |
| Profit before tax | ₹25 cr |
| Tax | ₹6 cr |
| Net profit | ₹19 cr |
| EPS (₹) | ₹2.90 |
What to watch
- Whether consolidated operating margin remains at or above 12.26%.
- Whether interest stays below Rs 22.08 cr relative to operating profit.
- Whether other income remains near Rs 2.16 cr rather than becoming a larger part of profit before tax.