Sri Lotus's Q1FY27 operating margin tops peer median by 21.83 points
Other income of Rs 13.65 cr supported pre-tax profit, while interest and depreciation remained small at Rs 0.51 cr and Rs 0.36 cr.
Filed 03 Aug 2026, 10:46 IST · Sri Lotus Developers & Realty Ltd (LOTUSDEV)
Key takeaways
- Sri Lotus Developers & Realty's consolidated Q1FY27 operating margin was 36.37%, 21.83 percentage points above the 14.54% median for 58 reporting Consumer Discretionary peers.
- Other income of Rs 13.65 cr made a material contribution to the Rs 60.91 cr pre-tax profit, so reported net profit of Rs 45.72 cr was not solely operating-led.
- Interest of Rs 0.51 cr and depreciation of Rs 0.36 cr were small relative to the Rs 48.14 cr operating profit, keeping financial and non-cash charges contained.
Price around the results
Operating profit led, but other income mattered
On a consolidated basis, Q1FY27 profit was supported by a sizeable operating contribution, with operating profit of Rs 48.14 cr against revenue of Rs 132.35 cr. Other income of Rs 13.65 cr then lifted pre-tax profit to Rs 60.91 cr, making the quality of earnings an important part of the quarter's reading. Net profit after a 24.93% tax rate was Rs 45.72 cr.
Margin sits well above the reported peer set
Sri Lotus reported a 36.37% operating margin, which was 21.83 percentage points above the 14.54% median among 58 Consumer Discretionary peers that had reported the quarter. That comparison places the company's operating profitability well above the sector reference point, though the quarter's other-income contribution means operating margin is the cleaner measure of core performance.
Low finance and depreciation charges supported conversion
Interest of Rs 0.51 cr and depreciation of Rs 0.36 cr were limited relative to operating profit, so the main bridge from operating profit to pre-tax profit came from other income rather than lower charges. The 24.93% tax rate reduced pre-tax profit to Rs 45.72 cr of net profit, with basic EPS at Rs 0.93.
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 | ₹132 cr |
| Other income | ₹14 cr |
| Expenses | ₹84 cr |
| Operating profit | ₹48 cr |
| Operating margin (%) | 36.37% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹61 cr |
| Tax | ₹15 cr |
| Net profit | ₹46 cr |
| EPS (₹) | ₹0.93 |
Operating margin of 36.37% compares with a Consumer Discretionary sector median of 14.54% across 58 peers that have reported Q1FY27.
What to watch
- Whether operating margin remains near 36.37%.
- Whether other income's contribution to pre-tax profit changes from Rs 13.65 cr.
- Whether interest and depreciation remain close to Rs 0.51 cr and Rs 0.36 cr.