Interest burden leaves MANAKALUCO with Rs 2.85 cr net profit
Standalone Q1FY27 operating profit was Rs 13.4 cr, but interest and depreciation reduced pre-tax profit to Rs 3.94 cr.
Filed 11 Aug 2026, 19:11 IST · after market close · MANAKALUCO (MANAKALUCO)
Key takeaways
- Standalone operating profit of Rs 13.4 cr did not translate into more than Rs 2.85 cr of net profit.
- Interest of Rs 7.29 cr and depreciation of Rs 2.61 cr weighed heavily on pre-tax earnings of Rs 3.94 cr.
- The 27.73% tax rate further reduced profit after tax, while other income contributed only Rs 0.45 cr.
Operating earnings did not flow through to net profit
MANAKALUCO reported standalone revenue of Rs 139.59 cr and operating profit of Rs 13.4 cr in Q1FY27. The gap between operating profit and net profit reflects the financing and non-operating charges below the operating line, leaving net profit at Rs 2.85 cr. EPS was Rs 0.43.
Interest was the main pressure below operating profit
Interest expense of Rs 7.29 cr and depreciation of Rs 2.61 cr reduced operating profit of Rs 13.4 cr to pre-tax profit of Rs 3.94 cr. Other income was Rs 0.45 cr, so it was not the main source of pre-tax earnings. Tax of Rs 1.09 cr, at a 27.73% tax rate, brought net profit down to Rs 2.85 cr.
Results were filed after market close
The standalone results were filed at 19:11 IST on 11 August 2026, after market close. The stock's immediate reaction is therefore not covered in this note.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹140 cr |
| Other income | ₹0 cr |
| Expenses | ₹126 cr |
| Operating profit | ₹13 cr |
| Operating margin (%) | 9.60% |
| Interest | ₹7 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹4 cr |
| Tax | ₹1 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹0.43 |
What to watch
- Whether operating margin moves from 9.6% in the next reported quarter.
- Interest expense relative to the Rs 7.29 cr reported in Q1FY27.
- Whether the tax rate changes from 27.73%.