NITIRAJ's Q1 operating margin stands at 10.4% as depreciation weighs
Standalone operating profit of Rs 1.96 cr was reduced by Rs 0.82 cr of depreciation, while other income added Rs 0.26 cr before tax.
Filed 13 Aug 2026, 14:24 IST · NITIRAJ (NITIRAJ)
Key takeaways
- NITIRAJ's standalone Q1FY27 operating margin was 10.4%, with expenses absorbing most of the Rs 18.84 cr revenue.
- Depreciation of Rs 0.82 cr was the main deduction below operating profit, while interest was only Rs 0.01 cr.
- Other income of Rs 0.26 cr supplemented standalone profit before tax of Rs 1.4 cr, before a 26.67% tax rate reduced net profit to Rs 1.02 cr.
Standalone Q1 earnings conversion
NITIRAJ generated Rs 18.84 cr of standalone revenue and Rs 1.96 cr of operating profit, implying a 10.4% operating margin. Expenses of Rs 16.88 cr consumed most of revenue, leaving limited operating profit to absorb below-the-line charges.
Depreciation, not interest, shaped pre-tax profit
Depreciation of Rs 0.82 cr reduced operating profit to Rs 1.4 cr of profit before tax. Interest was only Rs 0.01 cr, making financing cost a minor factor in the earnings bridge. Other income of Rs 0.26 cr provided support before tax, while the 26.67% tax rate brought net profit to Rs 1.02 cr.
No quarter-on-quarter or yearly direction yet
The standalone Q1FY27 figures have no reported year-on-year or sequential comparison in this release, so the quarter's margin and profit cannot be placed in a recent trend. There is also no multi-quarter trend available to establish whether the 10.4% operating margin is rising or falling.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹19 cr |
| Other income | ₹0 cr |
| Expenses | ₹17 cr |
| Operating profit | ₹2 cr |
| Operating margin (%) | 10.40% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹1.00 |
What to watch
- Whether standalone operating margin holds above 10.4%.
- Whether depreciation remains near Rs 0.82 cr relative to operating profit of Rs 1.96 cr.
- Whether other income stays at Rs 0.26 cr or becomes a larger part of profit before tax of Rs 1.4 cr.