Interest and depreciation pushed JISLJALEQS into a Q1 loss
The company reported Rs 164.33 cr of operating profit, but posted a consolidated net loss of Rs 17.80 cr after finance costs, depreciation and tax.
Filed 10 Aug 2026, 13:32 IST · JISLJALEQS (JISLJALEQS)
Key takeaways
- Consolidated operating profit of Rs 164.33 cr did not prevent a net loss of Rs 17.80 cr in Q1FY27.
- Interest of Rs 110.56 cr and depreciation of Rs 73.75 cr pulled profit before tax into a loss of Rs 9.73 cr.
- The Rs 8.07 cr tax expense produced a tax rate of -82.94% despite the pre-tax loss, further weighing on reported earnings.
Operating profit did not reach the reported earnings line
JISLJALEQS reported consolidated revenue of Rs 1,508.37 cr and operating profit of Rs 164.33 cr in Q1FY27. The 10.89% operating margin was not enough to offset interest of Rs 110.56 cr and depreciation of Rs 73.75 cr, leaving a pre-tax loss of Rs 9.73 cr. Net loss was Rs 17.80 cr, with EPS at Rs -0.20.
Tax expense added to the loss despite negative pre-tax profit
The company recorded other income of Rs 10.25 cr, but still reported a pre-tax loss. A tax expense of Rs 8.07 cr resulted in a tax rate of -82.94%, making reported net profit weaker than the pre-tax result. There is no quarter-on-quarter or year-on-year comparison in this filing to establish a margin direction.
No immediate market reaction was available
The results were filed at 13:32 IST on 10 August 2026, before the market close. No post-results stock reaction or reaction history is available, so the market response cannot yet be compared with the company's usual move after results.
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 margin holds above 10.89% in the next quarter.
- Whether interest remains below operating profit of Rs 164.33 cr.
- Whether tax expense continues despite a pre-tax loss of Rs 9.73 cr.