Interest and depreciation cut Maheshwari's operating profit to Rs 4.87 cr before tax
Consolidated Q1FY27 net profit was Rs 3.30 cr after a 32.22% tax rate, with no sequential or year-ago comparison provided.
Filed 13 Aug 2026, 16:49 IST · after market close · MAHESHWARI (MAHESHWARI)
Key takeaways
- Operating profit of Rs 16.62 cr narrowed to Rs 4.87 cr before tax after interest and depreciation.
- The 32.22% tax rate further reduced profit, leaving consolidated net profit at Rs 3.30 cr and EPS at Rs 1.11.
- Other income of Rs 0.99 cr was small relative to profit before tax, so reported earnings were not materially supported by non-operating income.
Operating profit was reduced sharply before tax
Maheshwari reported consolidated revenue of Rs 249 cr and operating profit of Rs 16.62 cr in Q1FY27. Interest of Rs 8.39 cr and depreciation of Rs 4.35 cr brought profit before tax down to Rs 4.87 cr, showing that operating earnings did not fully carry through to pre-tax profit.
Tax added to the earnings drag
The company reported a 32.22% tax rate, which reduced profit after tax to Rs 3.30 cr. Other income was Rs 0.99 cr, a modest contribution relative to profit before tax, so the quarter's earnings were not materially dependent on non-operating income.
Q1FY27 sets the base for future comparisons
The 6.67% operating margin provides the starting point for tracking margin direction in subsequent quarters. The results were filed after market close, so there was no immediate market reaction to assess in this report.
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 | ₹249 cr |
| Other income | ₹1 cr |
| Expenses | ₹232 cr |
| Operating profit | ₹17 cr |
| Operating margin (%) | 6.67% |
| Interest | ₹8 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹2 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹1.11 |
What to watch
- Whether operating margin moves above or below the Q1FY27 base of 6.67%.
- Whether interest remains close to or moves away from Rs 8.39 cr.
- Whether profit before tax converts more fully from operating profit of Rs 16.62 cr.