Interest and depreciation pushed JISLDVREQS into a Q1FY27 loss
Operating profit covered expenses but not the combined interest and depreciation burden, while tax expense further widened the consolidated net loss.
Filed 10 Aug 2026, 13:28 IST · JISLDVREQS (JISLDVREQS)
Key takeaways
- Consolidated Q1FY27 net loss was Rs 17.80 cr, with EPS at Rs -0.20.
- Operating profit of Rs 164.33 cr was outweighed by interest of Rs 110.56 cr and depreciation of Rs 73.75 cr.
- The reported tax rate was -82.94%, reflecting tax expense of Rs 8.07 cr despite a pre-tax loss of Rs 9.73 cr.
Operating profit did not reach the net-profit line
JISLDVREQS reported a consolidated Q1FY27 pre-tax loss of Rs 9.73 cr and a net loss of Rs 17.80 cr. Revenue of Rs 1,508.37 cr generated operating profit of Rs 164.33 cr, but the earnings bridge turned negative below that level.
Interest and depreciation absorbed operating profit
Interest expense was Rs 110.56 cr and depreciation was Rs 73.75 cr, together exceeding operating profit of Rs 164.33 cr. The operating margin was 10.89%, but those two charges left the company with a pre-tax loss despite positive operating profit.
Tax expense added to the reported loss
Other income was Rs 10.25 cr, which did not offset the loss after interest and depreciation. Tax expense of Rs 8.07 cr was reported against the pre-tax loss, producing a negative tax rate of -82.94% and widening the net loss.
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 | ₹1,508 cr |
| Other income | ₹10 cr |
| Expenses | ₹1,344 cr |
| Operating profit | ₹164 cr |
| Operating margin (%) | 10.89% |
| Interest | ₹111 cr |
| Depreciation | ₹74 cr |
| Profit before tax | ₹-10 cr |
| Tax | ₹8 cr |
| Net profit | ₹-18 cr |
| EPS (₹) | ₹-0.20 |
What to watch
- Whether operating profit remains above the current interest expense of Rs 110.56 cr.
- Whether operating margin improves from 10.89%.
- Whether pre-tax profit moves above the current loss of Rs 9.73 cr.