Other income drove Nucleus’s Q1FY27 profit
Consolidated operating profit was Rs 7.96 cr at a 3.78% margin, versus Rs 27.65 cr of other income.
Filed 30 Jul 2026, 16:17 IST · after market close · NUCLEUS (NUCLEUS)
Key takeaways
- Operating profit of Rs 7.96 cr was small relative to Rs 27.65 cr of other income, making reported profit more dependent on non-operating income.
- Other income of Rs 27.65 cr accounted for most of the Rs 30.10 cr pre-tax profit, while net profit was Rs 23.87 cr.
- A 20.7% tax rate reduced consolidated pre-tax profit of Rs 30.10 cr to net profit of Rs 23.87 cr.
Operating profit made a limited contribution
Nucleus reported consolidated operating profit of Rs 7.96 cr on revenue of Rs 210.43 cr, resulting in a 3.78% operating margin. Expenses of Rs 202.47 cr absorbed most of revenue, leaving little operating surplus. The reported profit therefore came mainly from below-operating-line income rather than operations.
Other income shaped reported earnings
Other income of Rs 27.65 cr was more than three times operating profit and accounted for most of the Rs 30.10 cr pre-tax profit. After interest of Rs 0.37 cr, depreciation of Rs 5.14 cr and tax at 20.7%, consolidated net profit was Rs 23.87 cr. This makes the quality of the quarter notably different from one driven primarily by operating performance.
Results were filed after market close
The consolidated results were filed at 16:17 IST on 30 Jul 2026, after market close. There is no post-result market response to assess yet.
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 | ₹210 cr |
| Other income | ₹28 cr |
| Expenses | ₹202 cr |
| Operating profit | ₹8 cr |
| Operating margin (%) | 3.78% |
| Interest | ₹0 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹30 cr |
| Tax | ₹6 cr |
| Net profit | ₹24 cr |
| EPS (₹) | ₹9.07 |
What to watch
- Whether operating margin moves from 3.78% in the next reported quarter.
- Whether other income remains close to Rs 27.65 cr and continues to outweigh operating profit.
- Whether the tax rate stays near 20.7%.