JOCIL stays profitable, but Q1 operating margin is just 1.49%
The standalone quarter produced Rs 2.17 cr of net profit; Rs 0.57 cr of other income also contributed before tax.
Filed 04 Aug 2026, 12:34 IST · JOCIL (JOCIL)
Key takeaways
- JOCIL remained profitable in Q1FY27, but its Rs 2.17 cr net profit rested on a 1.49% operating margin.
- Depreciation of Rs 1.44 cr reduced the Rs 3.78 cr operating profit to Rs 2.91 cr before tax.
- Other income of Rs 0.57 cr contributed to pre-tax profit, while tax was Rs 0.73 cr at a 25.17% rate.
A narrow operating surplus
JOCIL reported standalone revenue of Rs 253.06 cr and expenses of Rs 249.29 cr in Q1FY27. That left operating profit of Rs 3.78 cr, or a 1.49% margin, indicating limited operating buffer. The key read is the low absolute spread between revenue and expenses.
Depreciation and other income shaped profit
Depreciation of Rs 1.44 cr reduced operating profit of Rs 3.78 cr to Rs 2.91 cr before tax. Other income was Rs 0.57 cr, so pre-tax earnings were not generated solely by operations. Tax was Rs 0.73 cr at a 25.17% rate, leaving net profit of Rs 2.17 cr.
The next result will test operating consistency
The next quarter will show whether JOCIL can keep its operating margin above 1.49% while expenses remain close to revenue. It will also show whether other income remains around Rs 0.57 cr or changes its contribution to pre-tax profit.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹253 cr |
| Other income | ₹1 cr |
| Expenses | ₹249 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 1.49% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹2.45 |
What to watch
- Whether operating margin holds above 1.49%.
- Whether expenses remain close to revenue of Rs 253.06 cr.
- Whether other income remains near Rs 0.57 cr.