NESCO's 48.33% operating margin tops Services peer median
Other income of Rs 43.6 cr made a material contribution to consolidated pre-tax profit of Rs 127.04 cr.
Filed 27 Jul 2026, 13:18 IST · NESCO Ltd (NESCO)
Key takeaways
- NESCO's consolidated operating margin was 48.33%, 1.69 percentage points above the median of five reported Services peers.
- Other income of Rs 43.6 cr was a material contributor to consolidated profit before tax of Rs 127.04 cr.
- Consolidated net profit was Rs 99.96 cr, with EPS of Rs 14.19 for Q1FY27.
Price around the results
Operating margin stays ahead of Services peers
NESCO's consolidated revenue of Rs 211.8 cr translated into operating profit of Rs 102.37 cr in Q1FY27. Its 48.33% operating margin was 1.69 percentage points above the 46.64% median for the five Services peers that had reported.
Other income matters to the profit bridge
The gap between operating profit of Rs 102.37 cr and profit before tax of Rs 127.04 cr reflects the contribution from Rs 43.6 cr of other income, alongside interest and depreciation. This makes the reported net profit of Rs 99.96 cr less dependent on operating profit alone. The tax rate was 21.32%.
Quarterly direction is not yet established
Q1FY27 provides a starting point for assessing NESCO's consolidated margin at 48.33%, but there is no sequential or year-on-year comparison in the reported quarter. The next results will show whether the operating margin remains above the current Services peer median of 46.64%.
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 | ₹212 cr |
| Other income | ₹44 cr |
| Expenses | ₹109 cr |
| Operating profit | ₹102 cr |
| Operating margin (%) | 48.33% |
| Interest | ₹7 cr |
| Depreciation | ₹12 cr |
| Profit before tax | ₹127 cr |
| Tax | ₹27 cr |
| Net profit | ₹100 cr |
| EPS (₹) | ₹14.19 |
Operating margin of 48.33% compares with a Services sector median of 46.64% across 5 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin remains above 48.33%.
- Whether other income remains near Rs 43.6 cr.
- Whether the tax rate stays close to 21.32%.