Interest and depreciation left only Rs 0.18 cr of pretax profit
The standalone quarter included Rs 1.36 cr of other income, more than the reported profit before tax.
Filed 14 Aug 2026, 20:04 IST · after market close · ISHANCH (ISHANCH)
Key takeaways
- Standalone operating profit of Rs 3.36 cr translated into an 8.10% operating margin, while interest of Rs 2.50 cr and depreciation of Rs 2.05 cr weighed on pretax profit.
- Other income of Rs 1.36 cr exceeded the Rs 0.18 cr profit before tax, making reported earnings heavily dependent on non-operating income.
- Standalone net profit was Rs 0.15 cr, with EPS of Rs 0.06; the results were filed after market close, so no market reaction is yet covered.
Operating profit was largely absorbed below the operating line
ISHANCH reported standalone revenue of Rs 41.48 cr and operating profit of Rs 3.36 cr, indicating an operating margin of 8.10%. Interest of Rs 2.50 cr and depreciation of Rs 2.05 cr together were a substantial charge against operating profit, leaving profit before tax at only Rs 0.18 cr.
Earnings quality was weak in the quarter
Other income of Rs 1.36 cr was larger than the Rs 0.18 cr profit before tax, so the reported result was not driven solely by operations. Tax of Rs 0.03 cr resulted in net profit of Rs 0.15 cr and EPS of Rs 0.06. No year-on-year or sequential comparison is available to establish a margin or profit trend.
The filing came after the market closed
The company filed its standalone Q1FY27 results at 20:04 IST on 14 August 2026, after market close.
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 | ₹41 cr |
| Other income | ₹1 cr |
| Expenses | ₹38 cr |
| Operating profit | ₹3 cr |
| Operating margin (%) | 8.10% |
| Interest | ₹3 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹0 cr |
| Tax | ₹0 cr |
| Net profit | ₹0 cr |
| EPS (₹) | ₹0.06 |
What to watch
- Whether operating margin moves above or below 8.10% in the next reported quarter.
- Whether interest remains close to Rs 2.50 cr relative to operating profit of Rs 3.36 cr.
- Whether other income remains above the Rs 0.18 cr profit before tax.