Kopran's Q1 PBT was Rs 8.80 cr after Rs 3.28 cr interest
Operating profit was Rs 15.80 cr, while management outlined a Panoli API and R&D facility and process-improvement plans.
Filed 07 Aug 2026, 13:19 IST · KOPRAN (KOPRAN)
Key takeaways
- Interest of Rs 3.28 cr and depreciation of Rs 5.77 cr reduced consolidated Q1FY27 profit before tax to Rs 8.80 cr from operating profit of Rs 15.80 cr.
- Other income contributed Rs 2.05 cr within consolidated profit before tax of Rs 8.80 cr, while the tax rate was 23.88%.
- Management said its planned Panoli API and R&D facility is part of capacity expansion, alongside Q1 revenue of Rs 153.99 cr.
Interest and depreciation widened the operating-to-PBT gap
Kopran's consolidated operating profit was Rs 15.80 cr, but profit before tax was Rs 8.80 cr. Interest of Rs 3.28 cr and depreciation of Rs 5.77 cr were the main charges between these two measures. The result was an operating margin of 10.26% and net profit of Rs 6.70 cr.
Reported profit included Rs 2.05 cr of other income
Other income of Rs 2.05 cr formed part of profit before tax of Rs 8.80 cr, so reported earnings were not generated solely by operations. Tax of Rs 2.10 cr, at a 23.88% tax rate, brought net profit to Rs 6.70 cr and EPS to Rs 1.39.
Management links expansion with process and market initiatives
Management said capacity expansion is a strategic priority and that it plans an API and R&D facility at Panoli, Gujarat. It also said it plans to develop API intermediates, improve yields through process changes and automate formulations packing lines. Management further said it plans to pursue new customers, newer geographies and additional regulatory filings, while reducing dependence on China and increasing the asset-to-turnover ratio.
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 | ₹154 cr |
| Other income | ₹2 cr |
| Expenses | ₹138 cr |
| Operating profit | ₹16 cr |
| Operating margin (%) | 10.26% |
| Interest | ₹3 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹9 cr |
| Tax | ₹2 cr |
| Net profit | ₹7 cr |
| EPS (₹) | ₹1.39 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company plans to pursue new regulatory filings and registrations.
- The company aims to increase its asset-to-turnover ratio.
Expansion
- The company identifies capacity expansion as a strategic imperative.
- The company plans an API and R&D facility at Panoli, Gujarat.
New initiatives
- The company plans to develop intermediates for APIs.
- The company plans to improve yields of existing products through process improvements.
- The company plans to automate formulations packing lines.
- The company plans to pursue new customers, newer geographies and new regulatory filings and registrations.
Problems & risks
- The company identifies dependence on China as an issue and plans to reduce it toward self-sufficiency.
What to watch
- Whether operating margin holds above 10.26% in the next quarter.
- Whether interest and depreciation remain near Rs 3.28 cr and Rs 5.77 cr, respectively.
- Progress on management's planned Panoli API and R&D facility against Q1 revenue of Rs 153.99 cr.