Other income drove INTLCONV's Rs 119.82 cr consolidated profit
Other income of Rs 147.05 cr far exceeded operating profit of Rs 7.12 cr, making earnings quality the central issue in Q1FY27.
Filed 14 Aug 2026, 14:46 IST · INTLCONV (INTLCONV)
Key takeaways
- Reported net profit of Rs 119.82 cr was driven largely by other income of Rs 147.05 cr rather than operating profit of Rs 7.12 cr.
- The consolidated operating margin was 20.16%, but the operating business contributed only Rs 7.12 cr to profit before tax of Rs 151.85 cr.
- Tax was charged at a 21.09% rate, leaving reported EPS at Rs 18.79 despite the limited operating-profit contribution.
Non-operating income dominated Q1FY27 earnings
INTLCONV reported consolidated net profit of Rs 119.82 cr, but operating profit was only Rs 7.12 cr. Other income of Rs 147.05 cr was the main source of profit before tax of Rs 151.85 cr. The quarter therefore needs to be read primarily through the composition of earnings, not the reported profit figure alone.
Operating margin was positive but contribution remained modest
The consolidated operating margin was 20.16%, with expenses of Rs 28.2 cr against revenue of Rs 35.32 cr. Interest of Rs 1.87 cr and depreciation of Rs 0.45 cr further reduced the contribution from operations before the effect of other income. No sequential or year-on-year cost bridge is available in the reported comparison.
Tax rate did not materially obscure the reported result
Tax expense was Rs 32.03 cr at a reported tax rate of 21.09%. The tax charge reduced profit after the large other-income contribution, while EPS stood at Rs 18.79. With no quarter-on-quarter, year-on-year or post-results market data, the key next comparison is whether operating earnings and other income continue to move together.
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 | ₹35 cr |
| Other income | ₹147 cr |
| Expenses | ₹28 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 20.16% |
| Interest | ₹2 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹152 cr |
| Tax | ₹32 cr |
| Net profit | ₹120 cr |
| EPS (₹) | ₹18.79 |
What to watch
- Whether operating profit rises from Rs 7.12 cr in the next reported quarter.
- Whether other income remains close to Rs 147.05 cr.
- Whether the consolidated operating margin holds above 20.16%.