MODIS's Q1 profit was driven by operations, not other income
The 19.15% operating margin was followed by a 25.54% tax rate, making tax the main reduction between pre-tax and net profit.
Filed 07 Aug 2026, 13:16 IST · MODIS (MODIS)
Key takeaways
- Consolidated operating profit of Rs 11.16 was the main source of Q1FY27's Rs 11.52 profit before tax, with other income at Rs 0.49.
- Expenses of Rs 47.10 against revenue of Rs 58.26 left MODIS with a 19.15% operating margin.
- A 25.54% tax rate reduced consolidated net profit to Rs 8.58, or EPS of Rs 4.36.
Operating earnings led Q1FY27
MODIS reported consolidated revenue of Rs 58.26 and operating profit of Rs 11.16 for Q1FY27. With other income at only Rs 0.49, the Rs 11.52 profit before tax was primarily generated by the operating business.
Tax outweighed finance costs below operating profit
Interest of Rs 0.02 and depreciation of Rs 0.11 were limited charges below operating profit. The more significant reduction came from tax of Rs 2.94 at a 25.54% rate, leaving net profit at Rs 8.58.
EPS reflects the reported profit conversion
The quarter produced consolidated EPS of Rs 4.36 alongside net profit of Rs 8.58. The low contribution from other income means the per-share result was not materially supported by non-operating income.
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 | ₹58 cr |
| Other income | ₹0 cr |
| Expenses | ₹47 cr |
| Operating profit | ₹11 cr |
| Operating margin (%) | 19.15% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹3 cr |
| Net profit | ₹9 cr |
| EPS (₹) | ₹4.36 |
What to watch
- Whether operating margin holds above 19.15% in the next reported quarter.
- Whether other income remains near Rs 0.49 rather than becoming a larger profit contributor.
- Whether the tax rate stays near 25.54%.