Operating loss leaves Q1 profit dependent on other income
Consolidated revenue could not cover expenses, while Rs 10.79 cr of other income turned the operating loss into a reported profit.
Filed 14 Aug 2026, 16:44 IST · after market close · MODIRUBBER (MODIRUBBER)
Key takeaways
- MODIRUBBER reported a consolidated operating loss of Rs 4.89 cr in Q1FY27 as expenses of Rs 12.70 cr exceeded revenue of Rs 7.81 cr.
- Other income of Rs 10.79 cr more than offset the operating loss, producing profit before tax of Rs 4.54 cr and net profit of Rs 4.25 cr.
- The 6.46% tax rate limited the tax charge to Rs 0.29 cr, while EPS was Rs 1.70.
Operating loss despite reported profit
MODIRUBBER's consolidated Q1FY27 result shows a sharp split between operating performance and reported earnings. Revenue of Rs 7.81 cr was insufficient to cover expenses of Rs 12.70 cr, resulting in an operating loss of Rs 4.89 cr. The company filed the results after market close, so there is no market reaction to assess yet.
Other income was the earnings bridge
Other income of Rs 10.79 cr exceeded the operating loss and was the main reason profit before tax reached Rs 4.54 cr. This means the quarter's reported profit was driven outside operations rather than by the revenue-generating business. The 6.46% tax rate further supported net profit by keeping the tax charge to Rs 0.29 cr.
No quarter-on-quarter or year-on-year comparison
The quarter provides no sequential or year-on-year comparison in the reported dataset, and no multi-quarter trend is established. The key distinction for the next reported period will be whether earnings continue to depend on other income or are supported by a positive operating result.
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 | ₹8 cr |
| Other income | ₹11 cr |
| Expenses | ₹13 cr |
| Operating profit | ₹-5 cr |
| Operating margin (%) | -62.54% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹0 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹1.70 |
What to watch
- Whether revenue moves above Rs 7.81 cr while expenses remain below Rs 12.70 cr.
- Whether operating profit moves above the Q1FY27 loss of Rs 4.89 cr.
- How much of profit before tax continues to come from other income versus Rs 10.79 cr.