MWL reports Rs 7.84 cr operating loss but Rs 12.02 cr net profit
The consolidated quarter had a -2.48% operating margin, while other income was Rs 0.64 cr and tax rate was 5.53%.
Filed 24 Jul 2026, 18:45 IST · after market close · MWL (MWL)
Key takeaways
- MWL's Rs 12.02 cr consolidated net profit was constrained by Rs 13.88 cr of interest against Rs 29.08 cr of operating profit.
- The 5.53% tax rate supported reported profit, while Rs 0.64 cr of other income did not materially drive pre-tax earnings.
- Consolidated EPS was Rs 4.01, and the results were filed after market close with no immediate stock reaction covered.
Interest weighed on Q1FY27 earnings conversion
MWL reported consolidated operating profit of Rs 29.08 cr, but Rs 13.88 cr of interest absorbed much of it before tax. Profit before tax was therefore Rs 12.73 cr, leaving interest as the main gap between operating performance and reported earnings.
Costs kept operating margin at 9.20%
Expenses of Rs 287.13 cr consumed most of the Rs 316.22 cr revenue base, resulting in a 9.20% operating margin. The quarter's margin profile makes operating cost control important, while depreciation added a further Rs 3.11 cr charge below operating profit.
Low tax rate helped reported profit
Tax was Rs 0.70 cr, equivalent to a 5.53% tax rate, which supported the conversion of Rs 12.73 cr pre-tax profit into Rs 12.02 cr net profit. Other income was Rs 0.64 cr, so the result was primarily based on operating and financing performance rather than non-operating income.
Results were filed after the market close
The consolidated results were filed at 18:45 IST on 24 July 2026, after market close. No immediate stock reaction is covered for this release.
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 | ₹316 cr |
| Other income | ₹1 cr |
| Expenses | ₹287 cr |
| Operating profit | ₹29 cr |
| Operating margin (%) | 9.20% |
| Interest | ₹14 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹13 cr |
| Tax | ₹1 cr |
| Net profit | ₹12 cr |
| EPS (₹) | ₹4.01 |
What to watch
- Whether operating margin holds around 9.20%.
- Whether interest expense remains below or above Rs 13.88 cr.
- Whether the tax rate stays near 5.53%.