Interest expense pushed LAXMICOT to a Rs 0.44 cr loss
The company generated Rs 0.95 cr of operating profit, but interest and depreciation together more than offset it before a tax credit narrowed the loss.
Filed 11 Aug 2026, 18:48 IST · after market close · LAXMICOT (LAXMICOT)
Key takeaways
- LAXMICOT reported a consolidated net loss of Rs 0.44 cr in Q1FY27 despite Rs 0.95 cr of operating profit.
- Interest expense of Rs 0.97 cr exceeded operating profit, while depreciation of Rs 0.71 cr pushed profit before tax to a Rs 0.69 cr loss.
- A Rs 0.25 cr tax credit reduced the reported loss, while other income of only Rs 0.04 cr had little bearing on the result.
Operating profit did not cover below-the-line charges
LAXMICOT reported consolidated revenue of Rs 18.27 cr and operating profit of Rs 0.95 cr in Q1FY27. Interest expense was Rs 0.97 cr, already higher than operating profit, and depreciation added another Rs 0.71 cr. The result was a pre-tax loss of Rs 0.69 cr.
Tax credit softened the reported loss
Other income was only Rs 0.04 cr, so it did not materially offset the financing and depreciation burden. A tax credit of Rs 0.25 cr reduced the pre-tax loss to a net loss of Rs 0.44 cr. The reported net result therefore includes a benefit from tax rather than support from non-operating income.
No comparison or market reaction is available yet
The filing contains no year-on-year or sequential comparison, and there is no reported multi-quarter trend to establish whether margins are improving or weakening. The results were filed after market close on 11 Aug 2026, so there is no post-results stock reaction to assess.
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 | ₹18 cr |
| Other income | ₹0 cr |
| Expenses | ₹17 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 5.22% |
| Interest | ₹1 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹-0 cr |
| Net profit | ₹-0 cr |
| EPS (₹) | ₹-0.26 |
What to watch
- Whether operating profit remains above the Rs 0.97 cr interest expense.
- Whether depreciation stays below the Rs 0.71 cr reported in Q1FY27.
- Whether the company can convert Rs 18.27 cr of revenue into a positive pre-tax result.