Other income materially lifted Jaicorp's Q1 standalone profit
Operating profit was Rs 24.42 cr, while Rs 13.96 cr of other income helped take profit before tax to Rs 36.27 cr.
Filed 05 Sep 2026, 16:32 IST · after market close · Jai Corp Ltd (JAICORPLTD)
Key takeaways
- Other income of Rs 13.96 cr was a material part of Jai Corp's Rs 36.27 cr standalone profit before tax, making profit quality the key read-through.
- Standalone operating margin of 15.79% was 3.90 percentage points above the 11.89% Industrials-sector median across 284 reported peers.
- The stock fell 3.94% on the reported reaction day and was down 12.01% by t30.
Price around the results
Other income shaped standalone profit
Jai Corp's standalone profit before tax of Rs 36.27 cr included Rs 13.96 cr of other income, so net profit was not driven only by operations. Interest was just Rs 0.03 cr, while depreciation and tax were Rs 2.08 cr and Rs 9.70 cr respectively; the reported tax rate was 26.74%.
Operating margin stayed above the Industrials peer median
The 15.79% standalone operating margin was 3.90 percentage points above the 11.89% median for 284 Industrials companies that had reported the same quarter. This places Jai Corp's operating profitability above the sector reference point, although the quarter's cost and margin movement cannot be assessed against a reported sequential or year-on-year comparison here.
Reported stock reaction was sharply negative
By t30, the decline had reached 12.01%, while trading volume was 1.64 times the reference level.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹155 cr |
| Other income | ₹14 cr |
| Expenses | ₹130 cr |
| Operating profit | ₹24 cr |
| Operating margin (%) | 15.79% |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹36 cr |
| Tax | ₹10 cr |
| Net profit | ₹27 cr |
| EPS (₹) | ₹1.51 |
Operating margin of 15.79% compares with a Industrials sector median of 11.89% across 284 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.94% | -3.82% |
| Next session | -3.40% | — |
| 5 sessions | -2.42% | -1.83% |
| 15 sessions | -5.00% | — |
| 30 sessions | -12.01% | — |
Volume on the results session was 1.64× its 20-day average.
What to watch
- Whether standalone operating margin remains above 15.79%.
- The contribution of other income relative to Rs 13.96 cr.
- Whether the tax rate remains near 26.74%.