Other income exceeded PVP's pre-tax profit in Q1FY27
The consolidated quarter carried Rs 10.14 cr of interest and was filed after market close, leaving no immediate market reaction to assess.
Filed 14 Aug 2026, 16:22 IST · after market close · PVP (PVP)
Key takeaways
- Other income of Rs 14.98 cr exceeded PVP's consolidated profit before tax of Rs 12.00 cr, making earnings quality the key read-through.
- Interest of Rs 10.14 cr and depreciation of Rs 6.14 cr absorbed a substantial part of the Rs 13.30 cr operating profit.
- The 29.14% operating margin did not translate into a cleaner earnings profile because other income exceeded profit before tax.
Other income dominates the profit bridge
PVP's consolidated Q1FY27 earnings had a mixed quality: other income was Rs 14.98 cr, above profit before tax of Rs 12.00 cr. Reported pre-tax profit was therefore not generated solely by operating performance. Interest of Rs 10.14 cr and depreciation of Rs 6.14 cr further reduced operating profit before the pre-tax result.
A 29.14% operating margin, with tax also aiding profit conversion
The operating business generated a 29.14% margin on Rs 45.64 cr of revenue, with operating profit at Rs 13.30 cr. Net profit was Rs 11.06 cr after tax of Rs 0.94 cr. The 7.8% tax rate also supported the conversion of profit before tax into net profit.
Results filed after market close
PVP filed the consolidated results after market close at 16:22 IST on 14 Aug 2026. The immediate stock response is therefore outside this initial results read-through.
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 | ₹46 cr |
| Other income | ₹15 cr |
| Expenses | ₹32 cr |
| Operating profit | ₹13 cr |
| Operating margin (%) | 29.14% |
| Interest | ₹10 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹1 cr |
| Net profit | ₹11 cr |
| EPS (₹) | ₹0.46 |
What to watch
- Whether operating margin remains at or above 29.14%.
- Whether other income stays below the Rs 14.98 cr reported in Q1FY27.
- Whether interest remains below Rs 10.14 cr.