JMA's Q1FY27 profit rested on a 5.46% operating margin
Other income of Rs 2.13 cr supported pre-tax profit, while a 25.33% tax rate shaped the Rs 7.96 cr net profit.
Filed 13 Aug 2026, 14:58 IST · JMA (JMA)
Key takeaways
- JMA's consolidated Q1FY27 operating profit was Rs 8.76 cr, giving a 5.46% operating margin on Rs 160.47 cr revenue.
- Other income of Rs 2.13 cr supported the Rs 10.66 cr profit before tax, while interest expense was nil.
- A 25.33% tax rate left consolidated net profit at Rs 7.96 cr, with EPS of Rs 3.43.
Operating profit sets the earnings base
JMA's consolidated Q1FY27 revenue of Rs 160.47 cr translated into Rs 8.76 cr of operating profit, a 5.46% margin. That makes operating earnings the main source of profit, but leaves limited conversion from revenue into operating profit.
Other income and tax shaped reported profit
Other income of Rs 2.13 cr supported the Rs 10.66 cr profit before tax, so reported pre-tax earnings were not generated entirely by operations. With interest expense at nil and depreciation at Rs 0.22 cr, tax of Rs 2.70 cr reduced profit to Rs 7.96 cr at a 25.33% tax rate.
Baseline for the next quarter
The next reported quarter can be assessed against the 5.46% operating margin delivered in Q1FY27. The main quality checks are whether other income remains at the Rs 2.13 cr level and whether the tax rate stays close to 25.33%.
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 | ₹160 cr |
| Other income | ₹2 cr |
| Expenses | ₹152 cr |
| Operating profit | ₹9 cr |
| Operating margin (%) | 5.46% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹11 cr |
| Tax | ₹3 cr |
| Net profit | ₹8 cr |
| EPS (₹) | ₹3.43 |
What to watch
- Whether operating margin holds at or above 5.46%.
- Whether other income remains near Rs 2.13 cr.
- Whether the tax rate remains near 25.33%.