Other income kept Manugraph profitable despite a standalone operating loss
Operating margin was -10.40%, while other income exceeded pre-tax profit and a Rs 0.87 cr tax credit supported net profit.
Filed 11 Aug 2026, 16:13 IST · after market close · MANUGRAPH (MANUGRAPH)
Key takeaways
- Standalone operating performance was loss-making, with an operating loss of Rs 2.67 cr and a margin of -10.40%.
- Net profit of Rs 7.46 cr was driven by Rs 9.54 cr of other income, which exceeded pre-tax profit of Rs 6.59 cr.
- A tax credit of Rs 0.87 cr lifted reported earnings, while EPS remained negative at Rs -0.67.
Operating business remained in the red
Manugraph reported a standalone operating loss of Rs 2.67 cr on revenue of Rs 25.71 cr, leaving operating margin at -10.40%. Expenses of Rs 28.38 cr were higher than revenue, so the core business did not generate operating profit. The positive reported profit therefore did not come from operations.
Profit quality was weak
Other income of Rs 9.54 cr was larger than pre-tax profit of Rs 6.59 cr, more than offsetting the operating loss. A tax credit of Rs 0.87 cr further supported net profit of Rs 7.46 cr. EPS was negative at Rs -0.67, adding to the mismatch between reported net profit and per-share earnings.
Filed after market close
The standalone results were filed after market close on 11 Aug 2026. The stock's immediate response is therefore not part of this results 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 | ₹26 cr |
| Other income | ₹10 cr |
| Expenses | ₹28 cr |
| Operating profit | ₹-3 cr |
| Operating margin (%) | -10.40% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹-1 cr |
| Net profit | ₹7 cr |
| EPS (₹) | ₹-0.67 |
What to watch
- Whether operating margin improves from -10.40%.
- Whether revenue rises above Rs 25.71 cr without expenses exceeding Rs 28.38 cr.
- Whether other income remains close to Rs 9.54 cr or reported profit becomes more operating-led.