KCP profit gets a lift from low tax and other income
The consolidated quarter included Rs 26.32 cr of other income, while a 0.29% tax rate helped net profit reach Rs 55.25 cr.
Filed 03 Aug 2026, 14:55 IST · KCP (KCP)
Key takeaways
- Consolidated net profit was supported by a tax rate of just 0.29%, which kept tax at Rs 0.16 cr.
- Other income of Rs 26.32 cr was a material contributor alongside profit before tax of Rs 55.41 cr.
- Operating profit of Rs 64.21 cr left limited room after interest of Rs 9.97 cr and depreciation of Rs 25.15 cr.
Operating profit remained modest against the revenue base
KCP reported consolidated revenue of Rs 779.34 cr and operating profit of Rs 64.21 cr, indicating that the operating business converted only a limited portion of revenue into profit. Expenses were Rs 715.13 cr, leaving operating profit below the contribution from other income.
Reported profit quality was shaped by other income and tax
Other income of Rs 26.32 cr was material relative to profit before tax of Rs 55.41 cr, so reported earnings included a significant non-operating contribution. The tax charge was only Rs 0.16 cr, or a 0.29% tax rate, which also lifted net profit to Rs 55.25 cr.
Interest and depreciation absorbed part of operating profit
Interest of Rs 9.97 cr and depreciation of Rs 25.15 cr reduced the conversion of operating profit into profit before tax. Basic EPS was Rs 2.86, alongside consolidated net profit of Rs 55.25 cr.
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 | ₹779 cr |
| Other income | ₹26 cr |
| Expenses | ₹715 cr |
| Operating profit | ₹64 cr |
| Operating margin (%) | 8.24% |
| Interest | ₹10 cr |
| Depreciation | ₹25 cr |
| Profit before tax | ₹55 cr |
| Tax | ₹0 cr |
| Net profit | ₹55 cr |
| EPS (₹) | ₹2.86 |
What to watch
- Whether operating profit improves from Rs 64.21 cr without a disproportionate increase in expenses of Rs 715.13 cr.
- Whether other income remains a material contributor alongside profit before tax of Rs 55.41 cr.
- Whether the tax rate stays close to 0.29% rather than moving materially higher.