Interest and depreciation left Pioneer Embroideries with Rs 0.12 cr profit
Other income of Rs 1.79 cr exceeded reported pre-tax profit of Rs 0.17 cr, making earnings quality a key issue.
Filed 14 Aug 2026, 14:32 IST · PIONEEREMB (PIONEEREMB)
Key takeaways
- Consolidated operating profit of Rs 3.94 cr was largely consumed by interest of Rs 1.85 cr and depreciation of Rs 3.71 cr, leaving pre-tax profit at Rs 0.17 cr.
- Other income of Rs 1.79 cr exceeded pre-tax profit of Rs 0.17 cr, so reported earnings were not driven solely by operations.
- A tax rate of 30.78% reduced pre-tax profit of Rs 0.17 cr to net profit of Rs 0.12 cr.
Operating profit did not reach the bottom line
Pioneer Embroideries reported consolidated revenue of Rs 96.7 cr against expenses of Rs 92.76 cr, leaving an operating margin of 4.08%. The Rs 3.94 cr operating profit was more than absorbed by interest and depreciation together, resulting in profit before tax of only Rs 0.17 cr. Net profit was Rs 0.12 cr, with EPS at Rs 0.04.
Other income outweighed reported pre-tax profit
Other income of Rs 1.79 cr was higher than the Rs 0.17 cr profit before tax, which points to a weak contribution from the operating business to reported earnings. The 30.78% tax rate further reduced the small pre-tax profit to Rs 0.12 cr.
The quarter offers no trend or market-reaction signal
There is no year-on-year or sequential comparison in the reported quarter, so the direction of revenue, costs and operating margin cannot be assessed from this release. The filing also has no recorded stock reaction or post-results history to place the market response in context.
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 | ₹97 cr |
| Other income | ₹2 cr |
| Expenses | ₹93 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 4.08% |
| Interest | ₹2 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹0 cr |
| Tax | ₹0 cr |
| Net profit | ₹0 cr |
| EPS (₹) | ₹0.04 |
What to watch
- Whether operating margin moves from the Q1FY27 level of 4.08%.
- Whether operating profit of Rs 3.94 cr continues to be outweighed by interest of Rs 1.85 cr and depreciation of Rs 3.71 cr.
- Whether other income remains material relative to pre-tax profit of Rs 0.17 cr.