Other income drove NIRAJ's Q1 profit as operations stayed thin
Consolidated operating profit was Rs 1.17 cr, while Rs 6.99 cr of other income exceeded profit before tax of Rs 4.97 cr.
Filed 14 Aug 2026, 17:16 IST · after market close · NIRAJ (NIRAJ)
Key takeaways
- Consolidated net profit was supported by Rs 6.99 cr of other income, which exceeded the Rs 4.97 cr profit before tax.
- Operating profit was only Rs 1.17 cr, while interest expense reached Rs 2.64 cr and diluted the contribution from operations.
- The results were filed after market close, leaving the stock response to be assessed in the next trading session.
Q1 profit rested on non-operating income
NIRAJ reported consolidated net profit of Rs 3.57 cr, but the operating contribution was limited to Rs 1.17 cr. Other income of Rs 6.99 cr exceeded profit before tax of Rs 4.97 cr, making it the key support for reported profitability.
Interest weighed on the operating contribution
Interest expense was Rs 2.64 cr, more than the operating profit generated during the quarter. Depreciation added a further Rs 0.55 cr charge, while the tax rate was 28.22%.
No sequential or year-on-year trend is available
There is no quarter-on-quarter or year-on-year comparison to establish whether revenue, costs or operating margin improved. The results were filed after market close on 14 Aug 2026, so the market reaction was not yet available.
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 | ₹105 cr |
| Other income | ₹7 cr |
| Expenses | ₹103 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 1.11% |
| Interest | ₹3 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹1 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹0.60 |
What to watch
- Whether operating margin moves above or below 1.11% next quarter.
- Whether operating profit exceeds the Rs 2.64 cr interest expense.
- Whether other income remains close to or above the Rs 4.97 cr profit before tax.