PRECAM's Q1 profit leaned on other income as operating profit stayed low
Other income of Rs 16.93 cr exceeded operating profit of Rs 7.22 cr; the consolidated results were filed after market close.
Filed 11 Aug 2026, 16:08 IST · after market close · PRECAM (PRECAM)
Key takeaways
- Revenue of Rs 187.89 cr translated into only Rs 7.22 cr of operating profit, a 3.84% operating margin.
- Other income of Rs 16.93 cr exceeded operating profit of Rs 7.22 cr, making earnings quality the central issue in consolidated Q1FY27.
- A 33.42% tax rate reduced profit before tax of Rs 12.69 cr to net profit of Rs 8.45 cr.
Other income did the heavy lifting
Consolidated Q1FY27 earnings were supported more by non-operating income than core operating profit: other income was Rs 16.93 cr against operating profit of Rs 7.22 cr. This lifted profit before tax to Rs 12.69 cr despite depreciation of Rs 10.21 cr and interest of Rs 1.25 cr.
Low operating margin faced a heavy depreciation charge
Revenue of Rs 187.89 cr produced an operating margin of 3.84%, leaving limited operating profit relative to the depreciation charge. The 33.42% tax rate then reduced profit before tax of Rs 12.69 cr to net profit of Rs 8.45 cr.
Results came after the market close
The company filed its consolidated results at 16:08 IST on 11 Aug 2026, after market close. No market reaction is assessed here because the filing came after the close.
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 | ₹188 cr |
| Other income | ₹17 cr |
| Expenses | ₹181 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 3.84% |
| Interest | ₹1 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹13 cr |
| Tax | ₹4 cr |
| Net profit | ₹8 cr |
| EPS (₹) | ₹0.89 |
What to watch
- Whether operating profit keeps pace with depreciation of Rs 10.21 cr.
- Whether operating margin stays above 3.84%.
- Whether other income of Rs 16.93 cr narrows relative to operating profit of Rs 7.22 cr.