Interest and depreciation cut operating profit sharply before tax
Consolidated operating profit was Rs 736.61 cr, but Rs 293.27 cr of interest and Rs 187.25 cr of depreciation reduced profit before tax to Rs 315.18 cr.
Filed 20 Aug 2026, 18:29 IST · after market close · MANIPALHOS (MANIPALHOS)
Key takeaways
- Consolidated operating profit was Rs 736.61 cr, with an operating margin of 23.83%.
- Interest of Rs 293.27 cr and depreciation of Rs 187.25 cr reduced operating profit to profit before tax of Rs 315.18 cr.
- Consolidated net profit was Rs 243.43 cr, with EPS of Rs 1.96.
Operating profit did not carry through to pre-tax earnings
The consolidated accounts show operating profit of Rs 736.61 cr on revenue of Rs 3,090.63 cr. Interest of Rs 293.27 cr and depreciation of Rs 187.25 cr were the main deductions between operating profit and profit before tax of Rs 315.18 cr.
Other income was present but not the main profit bridge
Other income contributed Rs 59.09 cr, while tax was Rs 71.75 cr at a 22.76% tax rate. Net profit therefore stood at Rs 243.43 cr, leaving the quarter's earnings shaped more by financing and depreciation charges than by other income.
No quarter-on-quarter or year-on-year comparison is available
The filing provides no sequential or year-on-year comparison, and no multi-quarter trend is shown. The consolidated results were filed after market close on 20 August 2026, so there was no immediate market reaction to 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 | ₹3,091 cr |
| Other income | ₹59 cr |
| Expenses | ₹2,354 cr |
| Operating profit | ₹737 cr |
| Operating margin (%) | 23.83% |
| Interest | ₹293 cr |
| Depreciation | ₹187 cr |
| Profit before tax | ₹315 cr |
| Tax | ₹72 cr |
| Net profit | ₹243 cr |
| EPS (₹) | ₹1.96 |
What to watch
- Whether consolidated operating margin remains at or above 23.83%.
- Whether interest stays below Rs 293.27 cr.
- Whether other income remains limited to Rs 59.09 cr or becomes a larger earnings contributor.