Paisalo's 77.65% operating margin beats sector median by 13.22 points
Interest of Rs 115.58 cr reduced operating profit of Rs 202.11 cr to profit before tax of Rs 82.21 cr; other income was nil.
Filed 05 Aug 2026, 12:43 IST · Paisalo Digital Ltd (PAISALO)
Key takeaways
- Paisalo generated consolidated operating profit of Rs 202.11 cr on revenue of Rs 260.29 cr, with expenses at Rs 58.18 cr.
- Interest of Rs 115.58 cr was the main drag between operating profit of Rs 202.11 cr and profit before tax of Rs 82.21 cr.
- Its 77.65% operating margin was 13.22 percentage points above the 64.43% median for 51 Financial Services peers.
Price around the results
Operating profit reflects a low reported cost base
Paisalo's consolidated operating profit of Rs 202.11 cr came from revenue of Rs 260.29 cr after expenses of Rs 58.18 cr. That produced a 77.65% operating margin. Other income was Rs 0.00 cr, so reported earnings were not supported by that non-operating line.
Interest absorbed much of operating profit
Interest expense of Rs 115.58 cr was more than half of operating profit and reduced profit before tax to Rs 82.21 cr; depreciation added Rs 4.33 cr. Tax of Rs 20.89 cr was charged at a 25.41% rate, leaving net profit of Rs 61.31 cr. With no other income, the quarter's profit was primarily shaped by financing costs and the reported tax charge.
Margin sits above the reported peer median
Paisalo's 77.65% operating margin was 13.22 percentage points above the 64.43% median among 51 Financial Services companies that had reported the quarter. It ranked 42nd from the bottom, placing it above the sector median on this measure.
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 | ₹0 cr |
| Expenses | ₹58 cr |
| Operating profit | ₹202 cr |
| Operating margin (%) | 77.65% |
| Interest | ₹116 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹82 cr |
| Tax | ₹21 cr |
| Net profit | ₹61 cr |
| EPS (₹) | ₹0.67 |
Operating margin of 77.65% compares with a Financial Services sector median of 64.43% across 51 peers that have reported Q1FY27.
What to watch
- Whether operating margin remains near 77.65%.
- Whether interest expense stays below operating profit of Rs 202.11 cr.
- Whether the tax rate remains close to 25.41%.