ITDC's Q1 operating margin trails sector median by 4.05 percentage points
Other income of Rs 7.14 cr was a significant part of the Rs 13.69 cr pre-tax profit, while the results were filed after market close.
Filed 10 Aug 2026, 18:38 IST · after market close · India Tourism Development Corporation Ltd (ITDC)
Key takeaways
- ITDC's consolidated operating margin of 9.25% was 4.05 percentage points below the 13.3% median for 137 reported Consumer Discretionary peers.
- Other income of Rs 7.14 cr was a material contributor alongside profit before tax of Rs 13.69 cr, making reported profit less purely operating-led.
- The 30.49% tax rate offered no obvious tax-rate boost to consolidated net profit of Rs 9.39 cr.
Price around the results
Operating margin falls short of sector benchmark
ITDC reported a consolidated operating margin of 9.25% in Q1FY27, 4.05 percentage points below the 13.3% median among 137 Consumer Discretionary peers that have reported. The company ranked 41st from the bottom on this measure, placing its margin below the sector midpoint.
Other income was important to reported profit
Other income of Rs 7.14 cr was material against profit before tax of Rs 13.69 cr, so the quarter's earnings were not driven solely by operations. With a 30.49% tax rate, the reported net profit of Rs 9.39 cr also does not point to a tax-rate-led uplift.
No immediate market reaction to the filing
The consolidated results were filed at 18:38 IST on 10 August 2026, after market close. There is therefore no same-session stock reaction to assess.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹90 cr |
| Other income | ₹7 cr |
| Expenses | ₹82 cr |
| Operating profit | ₹8 cr |
| Operating margin (%) | 9.25% |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹14 cr |
| Tax | ₹4 cr |
| Net profit | ₹9 cr |
| EPS (₹) | ₹1.09 |
Operating margin of 9.25% compares with a Consumer Discretionary sector median of 13.30% across 137 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves up from 9.25% toward the 13.3% sector median.
- Whether other income remains material relative to profit before tax of Rs 13.69 cr.
- Whether the tax rate stays near 30.49%.