MVGJL's Q1 profit came after Rs 10.72 cr of interest cost
Standalone operating margin was 6.25%, with interest and tax reducing profit after the operating line.
Filed 10 Aug 2026, 17:59 IST · after market close · MVGJL (MVGJL)
Key takeaways
- Standalone Q1FY27 operating profit was Rs 44.65 cr as expenses of Rs 669.26 cr absorbed most of revenue of Rs 713.91 cr.
- Interest expense of Rs 10.72 cr reduced the conversion of operating profit into standalone profit before tax of Rs 36.77 cr.
- Other income contributed Rs 5.27 cr, while the 25.02% tax rate shaped standalone net profit of Rs 27.57 cr.
Operating profit narrowed by the cost base
MVGJL reported standalone revenue of Rs 713.91 cr and expenses of Rs 669.26 cr in Q1FY27, leaving operating profit of Rs 44.65 cr. The resulting operating margin was 6.25%, showing that the cost base absorbed most of the quarter's revenue.
Interest was the main post-operating charge
Interest expense was Rs 10.72 cr and depreciation was Rs 2.43 cr, bringing profit before tax to Rs 36.77 cr from operating profit of Rs 44.65 cr. Other income of Rs 5.27 cr provided a non-operating contribution, while the 25.02% tax rate led to standalone net profit of Rs 27.57 cr.
The filing came after market close
MVGJL filed its standalone Q1FY27 results after market close on 10 August 2026. There is no market response to assess in this report.
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 | ₹714 cr |
| Other income | ₹5 cr |
| Expenses | ₹669 cr |
| Operating profit | ₹45 cr |
| Operating margin (%) | 6.25% |
| Interest | ₹11 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹37 cr |
| Tax | ₹9 cr |
| Net profit | ₹28 cr |
| EPS (₹) | ₹11.28 |
What to watch
- Whether standalone operating margin holds above 6.25%.
- Whether interest expense remains below Rs 10.72 cr.
- Whether other income remains at Rs 5.27 cr or changes its contribution to profit before tax.