MAHAPEXLTD reports profit despite a consolidated operating loss
Other income of Rs 1.67 cr exceeded profit before tax of Rs 1.20 cr, while operating margin was -764.20%.
Filed 13 Aug 2026, 14:47 IST · MAHAPEXLTD (MAHAPEXLTD)
Key takeaways
- Consolidated operating loss of Rs -0.45 cr left Q1FY27 operating margin at -764.20%.
- Other income of Rs 1.67 cr was larger than profit before tax of Rs 1.20 cr, making reported earnings dependent on non-operating income.
- Net profit was Rs 1.08 cr after Rs 0.12 cr of tax, with EPS at Rs 1.23.
Operating loss dominates the quarter
MAHAPEXLTD's consolidated operating loss of Rs -0.45 cr shows that the reported profit did not come from the core business. Interest was Rs 0.00 cr, so the weakness was at the operating level rather than from financing costs.
Other income supports reported profit
Other income of Rs 1.67 cr was higher than profit before tax of Rs 1.20 cr, making the quality of earnings the central issue in this quarter. The Rs 1.08 cr net profit therefore does not reflect operating profitability.
The next quarter will test operating recovery
The key checks are whether consolidated revenue moves above Rs 0.06 cr and whether operating profit returns above Rs -0.45 cr. Investors can also track whether operating margin improves from -764.20% without a similar reliance on other income.
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 | ₹0 cr |
| Other income | ₹2 cr |
| Expenses | ₹1 cr |
| Operating profit | ₹-0 cr |
| Operating margin (%) | -764.20% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹1.23 |
What to watch
- Whether revenue moves above Rs 0.06 cr.
- Whether operating profit improves from Rs -0.45 cr.
- Whether other income remains below Rs 1.67 cr.