Nahar Capital profit was driven by other income and a tax credit
Other income of Rs 36.30 cr and negative tax of Rs 16.94 cr outweighed the operating business in Q1FY27.
Filed 05 Aug 2026, 17:03 IST · after market close · NAHARCAP (NAHARCAP)
Key takeaways
- Consolidated net profit was Rs 67.44 cr, with a tax credit of Rs 16.94 cr lifting reported earnings.
- Other income of Rs 36.30 cr was a major contributor to the Rs 50.50 cr profit before tax.
- Operating margin was 81.70% on consolidated revenue of Rs 18.11 cr, reflecting the low reported expense base.
Reported profit was led by non-operating items
Nahar Capital reported consolidated net profit of Rs 67.44 cr on revenue of Rs 18.11 cr in Q1FY27. Other income of Rs 36.30 cr formed a substantial part of the Rs 50.50 cr profit before tax. The negative tax charge of Rs 16.94 cr indicates that a tax credit also boosted reported profit.
Low expenses produced an 81.70% operating margin
Reported expenses were Rs 3.31 cr against operating profit of Rs 14.79 cr, resulting in an operating margin of 81.70%. With no year-on-year or sequential comparison in this release, the quarter's margin cannot be assessed for direction. The gap between operating profit and profit before tax reflects the importance of other income to the quarter.
Results were filed after market close
The consolidated results were filed at 17:03 IST on 5 August 2026, after the market closed. No post-results stock reaction or historical reaction pattern is available to frame the market response.
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 | ₹18 cr |
| Other income | ₹36 cr |
| Expenses | ₹3 cr |
| Operating profit | ₹15 cr |
| Operating margin (%) | 81.70% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹51 cr |
| Tax | ₹-17 cr |
| Net profit | ₹67 cr |
| EPS (₹) | ₹40.27 |
What to watch
- Whether operating margin remains near the reported 81.70% in the next quarter.
- Whether other income remains a material contributor relative to the Rs 50.50 cr profit before tax.
- Whether the tax line continues to show a benefit rather than the reported Rs 16.94 cr credit reversing.