Nahar Industries' Q1 profit leans heavily on other income
Consolidated operating margin was 9.09%, while Rs 26.07 cr of other income was close to Rs 29.94 cr of pre-tax profit.
Filed 14 Aug 2026, 16:09 IST · after market close · NAHARINDUS (NAHARINDUS)
Key takeaways
- Other income of Rs 26.07 cr was a large part of consolidated pre-tax profit of Rs 29.94 cr, making earnings quality the central Q1 issue.
- Consolidated operating margin was 9.09%, leaving operating profit at Rs 28.76 cr on revenue of Rs 316.53 cr.
- Net profit was Rs 24.98 cr after Rs 4.97 cr of tax at a 16.59% tax rate, with EPS at Rs 5.78.
Q1 earnings were driven beyond operations
Nahar Industries reported consolidated revenue of Rs 316.53 cr and operating profit of Rs 28.76 cr in Q1FY27. Other income of Rs 26.07 cr lifted profit before tax to Rs 29.94 cr, so the reported profit was not generated solely by the operating business.
Interest and depreciation absorbed most operating profit
Operating profit of Rs 28.76 cr was reduced by interest of Rs 13 cr and depreciation of Rs 11.89 cr before the contribution from other income. Net profit reached Rs 24.98 cr after tax of Rs 4.97 cr, with the 16.59% tax rate also shaping the conversion from pre-tax to net profit.
After-close filing leaves the market response open
The consolidated results were filed after market close on 14 Aug 2026. With no immediate reaction captured, the key read-through remains the balance between the 9.09% operating margin and the Rs 26.07 cr contribution from other 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 | ₹317 cr |
| Other income | ₹26 cr |
| Expenses | ₹288 cr |
| Operating profit | ₹29 cr |
| Operating margin (%) | 9.09% |
| Interest | ₹13 cr |
| Depreciation | ₹12 cr |
| Profit before tax | ₹30 cr |
| Tax | ₹5 cr |
| Net profit | ₹25 cr |
| EPS (₹) | ₹5.78 |
What to watch
- Whether operating margin moves from the Q1FY27 level of 9.09%.
- Whether other income remains material relative to the Q1 pre-tax profit of Rs 29.94 cr.
- Whether interest of Rs 13 cr and depreciation of Rs 11.89 cr continue to absorb a large share of operating profit.