KITEX slips into Rs 17.12 cr consolidated loss despite operating profit
Interest and depreciation outweighed the Rs 10.19 cr operating profit, while a Rs 3.77 cr tax charge was booked against a pre-tax loss.
Filed 14 Aug 2026, 16:31 IST · after market close · KITEX (KITEX)
Key takeaways
- KITEX reported a consolidated net loss of Rs 17.12 cr despite a positive operating profit of Rs 10.19 cr.
- Interest of Rs 13.61 cr and depreciation of Rs 17.58 cr more than absorbed the operating profit and contributed to a pre-tax loss of Rs 13.35 cr.
- The Rs 3.77 cr tax charge produced a negative tax rate of -28.22%, adding to the reported loss.
Operating surplus did not reach the bottom line
KITEX generated a consolidated operating profit of Rs 10.19 cr on revenue of Rs 158.43 cr, but the quarter still ended in a net loss of Rs 17.12 cr. Interest of Rs 13.61 cr and depreciation of Rs 17.58 cr were the main charges between operating profit and pre-tax earnings. Other income of Rs 7.64 cr provided only a partial offset.
Tax charge further reduced reported earnings
The company reported a pre-tax loss of Rs 13.35 cr but also booked tax of Rs 3.77 cr. That resulted in a negative tax rate of -28.22%, making the reported net loss worse than the pre-tax result. With no sequential or year-on-year comparison available, the quarter's margin level of 6.43% cannot be placed in a quarterly direction.
Results were filed after market close
KITEX filed these consolidated results after market close on 14 August 2026. The available results record does not include a post-filing stock reaction or a history of reactions after earlier quarters, so the market response cannot be assessed here.
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 | ₹158 cr |
| Other income | ₹8 cr |
| Expenses | ₹148 cr |
| Operating profit | ₹10 cr |
| Operating margin (%) | 6.43% |
| Interest | ₹14 cr |
| Depreciation | ₹18 cr |
| Profit before tax | ₹-13 cr |
| Tax | ₹4 cr |
| Net profit | ₹-17 cr |
| EPS (₹) | ₹0.45 |
What to watch
- Whether operating margin improves from 6.43% in the next reported quarter.
- Whether interest remains close to the Rs 13.61 cr charge reported this quarter.
- Whether a tax charge recurs after the Rs 3.77 cr charge against a pre-tax loss.