OAL's Q1 profit was squeezed below its operating profit
Finance and depreciation costs consumed much of operating profit, while a 52.3% tax rate added pressure on net profit.
Filed 30 Jul 2026, 17:05 IST · after market close · OAL (OAL)
Key takeaways
- OAL reported consolidated net profit of Rs 2.51 cr in Q1FY27, with EPS at Rs 0.75.
- Interest of Rs 7.81 cr and depreciation of Rs 7.72 cr absorbed much of the Rs 19.8 cr operating profit.
- The 52.3% tax rate further reduced pre-tax profit of Rs 5.27 cr to net profit of Rs 2.51 cr.
Operating profit narrowed sharply into reported earnings
OAL's consolidated Q1FY27 revenue was Rs 259.81 cr and operating profit was Rs 19.8 cr, implying an operating margin of 7.62%. The gap between operating profit and profit before tax was widened by interest of Rs 7.81 cr and depreciation of Rs 7.72 cr.
Tax and other income shaped the profit outcome
Profit before tax was Rs 5.27 cr after the finance and depreciation charges. Other income contributed Rs 1 cr, making it a notable part of pre-tax profit, while the 52.3% tax rate reduced reported net profit to Rs 2.51 cr.
No quarter-on-quarter or year-on-year comparison yet
The results do not include a sequential or year-on-year comparison, and no multi-quarter trend is available. OAL filed the consolidated results after market close on 30 Jul 2026, so there was no immediate market reaction in the reported period.
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 | ₹260 cr |
| Other income | ₹1 cr |
| Expenses | ₹240 cr |
| Operating profit | ₹20 cr |
| Operating margin (%) | 7.62% |
| Interest | ₹8 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹3 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹0.75 |
What to watch
- Whether operating margin moves from the Q1FY27 level of 7.62%.
- Whether interest remains close to the Q1FY27 charge of Rs 7.81 cr.
- Whether the tax rate moves from 52.3% in the next reported quarter.