NSIL reports 98.30% operating margin in Q1FY27
Minimal operating expenses supported conversion, while a 21.15% tax rate separated pre-tax profit of Rs 33.85 cr from net profit of Rs 26.69 cr.
Filed 07 Aug 2026, 19:14 IST · after market close · NSIL (NSIL)
Key takeaways
- NSIL's consolidated Q1FY27 operating margin was 98.30%, with expenses of Rs 0.59 cr against revenue of Rs 34.38 cr.
- Tax at 21.15% was the main deduction below pre-tax profit of Rs 33.85 cr, leaving net profit of Rs 26.69 cr.
- Other income of Rs 0.07 cr was immaterial to pre-tax profit, while EPS was Rs 51.96.
Minimal operating costs drive near-total conversion
NSIL reported consolidated revenue of Rs 34.38 cr and operating profit of Rs 33.79 cr in Q1FY27. Expenses of Rs 0.59 cr explain the 98.30% operating margin, leaving little gap between revenue and operating profit.
Tax, rather than other income, shaped reported profit
Other income was only Rs 0.07 cr against profit before tax of Rs 33.85 cr, so reported earnings were not materially supported by non-operating income. Tax of Rs 7.16 cr at a 21.15% rate reduced profit after tax to Rs 26.69 cr; interest was Rs 0.01 cr and depreciation was nil.
Results were filed after market close
The consolidated results were filed after market close on 07 Aug 2026. There is no post-results market reaction to assess yet, and no sequential or year-on-year comparison is available for this quarter.
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 | ₹34 cr |
| Other income | ₹0 cr |
| Expenses | ₹1 cr |
| Operating profit | ₹34 cr |
| Operating margin (%) | 98.30% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹34 cr |
| Tax | ₹7 cr |
| Net profit | ₹27 cr |
| EPS (₹) | ₹51.96 |
What to watch
- Whether operating margin holds at 98.30% or changes as expenses move from Rs 0.59 cr.
- Whether the tax rate remains close to 21.15% next quarter.
- Whether other income remains immaterial against profit before tax of Rs 33.85 cr.