Interest, depreciation and tax sharply narrowed MurudCera's Q1 profit
Operating profit was Rs 9.58 cr, but Rs 3.39 cr of interest, Rs 3.86 cr of depreciation and a 66.03% tax rate reduced net profit to Rs 0.81 cr.
Filed 12 Aug 2026, 13:04 IST · MURUDCERA (MURUDCERA)
Key takeaways
- Consolidated operating profit of Rs 9.58 cr converted revenue of Rs 50.09 cr into a 19.11% operating margin.
- Interest of Rs 3.39 cr and depreciation of Rs 3.86 cr reduced operating profit to pre-tax profit of Rs 2.38 cr.
- A 66.03% tax rate left consolidated net profit at Rs 0.81 cr and EPS at Rs 0.13.
Operating profit did not translate into much pre-tax profit
The consolidated quarter generated operating profit of Rs 9.58 cr on revenue of Rs 50.09 cr, but the earnings bridge weakened below the operating line. Interest of Rs 3.39 cr and depreciation of Rs 3.86 cr brought profit before tax down to Rs 2.38 cr.
Tax was a further drag on reported earnings
Other income was only Rs 0.06 cr, so the quarter's pre-tax result was driven mainly by operations and below-operating-line charges rather than non-operating income. Tax of Rs 1.57 cr, equivalent to a 66.03% tax rate, reduced net profit to Rs 0.81 cr and EPS to Rs 0.13.
No sequential or year-on-year direction is established
The available quarter shows a 19.11% operating margin, but there is no comparison in the reported period to establish whether profitability improved or weakened.
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 | ₹50 cr |
| Other income | ₹0 cr |
| Expenses | ₹41 cr |
| Operating profit | ₹10 cr |
| Operating margin (%) | 19.11% |
| Interest | ₹3 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹2 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.13 |
What to watch
- Whether operating margin holds above 19.11%.
- Whether interest remains below the Rs 3.39 cr reported in Q1FY27.
- Whether the tax rate moves below 66.03%.