OBCL's Rs 1.21 cr profit rests on a 2.98% operating margin
Interest and depreciation absorbed more than operating profit, while Rs 2.30 cr of other income exceeded reported PBT of Rs 1.64 cr.
Filed 29 Jul 2026, 13:55 IST · OBCL (OBCL)
Key takeaways
- OBCL reported consolidated Q1FY27 net profit of Rs 1.21 cr, but operating profit was only Rs 2.45 cr at a 2.98% margin.
- Other income of Rs 2.30 cr exceeded profit before tax of Rs 1.64 cr, making reported profit reliant on non-operating income.
- Interest of Rs 1.41 cr and depreciation of Rs 1.70 cr absorbed more than the quarter's Rs 2.45 cr operating profit.
Q1FY27 delivered a thin operating cushion
OBCL reported consolidated revenue of Rs 82.37 cr, which translated into operating profit of Rs 2.45 cr. The 2.98% operating margin leaves limited room for interest and depreciation before profit reaches the tax line. Net profit was Rs 1.21 cr, with EPS at Rs 0.57.
Other income carried the pre-tax result
Other income of Rs 2.30 cr was higher than reported profit before tax of Rs 1.64 cr. This indicates that the quarter's reported profit depended materially on income outside operations. Interest and depreciation together exceeded operating profit, further weakening the conversion from operations to PBT.
Tax did not change the quality of the result
Tax was Rs 0.43 cr at a 26.08% tax rate, leaving net profit at Rs 1.21 cr. The main pressure came before tax: a 2.98% operating margin was not enough to cover interest and depreciation without support from other income.
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 | ₹82 cr |
| Other income | ₹2 cr |
| Expenses | ₹80 cr |
| Operating profit | ₹2 cr |
| Operating margin (%) | 2.98% |
| Interest | ₹1 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.57 |
What to watch
- Whether operating margin moves from the Q1FY27 level of 2.98%.
- Whether interest remains close to the Rs 1.41 cr reported in Q1FY27.
- Whether other income remains above the Rs 2.30 cr reported for Q1FY27.