Depreciation outweighed operating profit, leaving MIRZAINT in a Rs 4.07 cr loss
The 2.36% operating margin provided little cover for Rs 7.28 cr of depreciation and Rs 0.83 cr of interest.
Filed 06 Aug 2026, 12:30 IST · MIRZAINT (MIRZAINT)
Key takeaways
- A Rs 3.04 cr operating profit was not enough to absorb Rs 7.28 cr of depreciation and Rs 0.83 cr of interest, leaving profit before tax at Rs -4.44 cr.
- The consolidated operating margin was limited to 2.36%, leaving little buffer against depreciation and finance costs.
- Other income of Rs 0.63 cr and a tax rate of 8.34% did not prevent a consolidated net loss of Rs 4.07 cr.
Operating profit could not absorb fixed charges
The business generated Rs 3.04 cr of operating profit, but depreciation of Rs 7.28 cr alone exceeded that amount. Interest of Rs 0.83 cr widened the gap, taking profit before tax to Rs -4.44 cr and net profit to Rs -4.07 cr.
Low margin left little room for error
At a 2.36% operating margin, the quarter had limited protection against costs below the operating line. Other income contributed only Rs 0.63 cr, while the tax rate was 8.34%; neither materially changed the loss outcome.
No comparison or market reaction to frame the quarter
The filing provides no year-on-year or sequential comparison, so the quarter cannot be placed in a reported growth or margin trend. There is also no post-results reaction history available to judge whether the market response was typical for MIRZAINT.
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 | ₹128 cr |
| Other income | ₹1 cr |
| Expenses | ₹125 cr |
| Operating profit | ₹3 cr |
| Operating margin (%) | 2.36% |
| Interest | ₹1 cr |
| Depreciation | ₹7 cr |
| Profit before tax | ₹-4 cr |
| Tax | ₹-0 cr |
| Net profit | ₹-4 cr |
| EPS (₹) | ₹-0.29 |
What to watch
- Whether operating margin improves from 2.36%.
- Whether operating profit can cover depreciation of Rs 7.28 cr.
- Whether profit before tax moves above Rs -4.44 cr.