A 52.33% operating margin was lifted by a tax credit
Consolidated Q1FY27 net profit exceeded pre-tax profit because tax was reported at -17.34%; the results were filed after market close.
Filed 13 Aug 2026, 17:41 IST · after market close · INDOWIND (INDOWIND)
Key takeaways
- Consolidated Q1FY27 operating margin was 52.33%, making operating profitability the quarter's central feature.
- Net profit of Rs 2.11 cr exceeded pre-tax profit of Rs 1.79 cr because tax was reported at a -17.34% rate.
- Depreciation of Rs 2.40 cr was a larger below-operating-line charge than interest of Rs 0.29 cr.
Operating margin was the quarter's main earnings feature
Consolidated revenue was Rs 8.30 cr and operating profit was Rs 4.34 cr, resulting in a 52.33% operating margin. With no sequential or year-on-year comparison provided, the quarter is best read through its operating profile rather than momentum.
Tax credit pushed net profit above pre-tax profit
Depreciation of Rs 2.40 cr was the larger below-operating-line charge, compared with interest of Rs 0.29 cr. Other income was Rs 0.13 cr, so the more important profit-quality point was the reported tax credit: the -17.34% tax rate lifted net profit to Rs 2.11 cr from pre-tax profit of Rs 1.79 cr.
No market reaction was available after the filing
The consolidated results were filed after market close on 13 August 2026. There is no reported post-results stock reaction to assess against the company's history.
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 | ₹8 cr |
| Other income | ₹0 cr |
| Expenses | ₹4 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 52.33% |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹-0 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.13 |
What to watch
- Whether the tax line remains a credit rather than a charge after the reported -17.34% tax rate.
- Whether operating margin holds near 52.33%.
- Whether depreciation remains above interest, after reported charges of Rs 2.40 cr and Rs 0.29 cr.