Depreciation of Rs 16.59 cr pushed OILCOUNTUB into a Q1 loss
Standalone operating profit was positive, but depreciation was nearly 15 times operating profit and left net profit at negative Rs 15.11 cr.
Filed 30 Jul 2026, 12:40 IST · OILCOUNTUB (OILCOUNTUB)
Key takeaways
- Standalone operating profit was Rs 1.11 cr, but depreciation of Rs 16.59 cr drove a net loss of Rs 15.11 cr.
- The 6.37% operating margin could not absorb depreciation and interest, leaving profit before tax at negative Rs 15.24 cr.
- Other income of Rs 0.40 cr provided little offset, while the 0.90% tax rate did not change the loss outcome.
Depreciation overwhelmed operating profit
OILCOUNTUB reported standalone operating profit of Rs 1.11 cr, but depreciation of Rs 16.59 cr more than erased it. After interest of Rs 0.16 cr, profit before tax was negative Rs 15.24 cr and net profit was negative Rs 15.11 cr.
Operating earnings offered limited protection
The 6.37% operating margin indicates that the business generated a positive operating surplus, but that surplus was small relative to the depreciation charge. Other income of Rs 0.40 cr only partly offset the loss, while the 0.90% tax rate had little bearing on the reported outcome.
No comparable trend or market reaction yet
The quarter has no reported year-on-year or sequential comparison, so the change in revenue, costs and margin cannot be assessed from this release alone. There is also no reported post-results stock reaction to place against the company's past results.
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 | ₹17 cr |
| Other income | ₹0 cr |
| Expenses | ₹16 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 6.37% |
| Interest | ₹0 cr |
| Depreciation | ₹17 cr |
| Profit before tax | ₹-15 cr |
| Tax | ₹-0 cr |
| Net profit | ₹-15 cr |
| EPS (₹) | ₹-2.90 |
What to watch
- Whether operating margin moves from 6.37% in the next reported quarter.
- Whether depreciation remains close to Rs 16.59 cr.
- Whether net loss narrows from Rs 15.11 cr.