RELINFRA reports operating loss as Q1 net profit diverges from PBT
Consolidated operating margin was -2.42%, while Rs 767.79 cr of net profit was reported against a Rs 681.53 cr pre-tax loss.
Filed 14 Aug 2026, 19:53 IST · after market close · RELINFRA (RELINFRA)
Key takeaways
- Expenses of Rs 6,497.71 cr exceeded revenue of Rs 6,344.27 cr, producing an operating loss of Rs 153.44 cr.
- Reported net profit of Rs 767.79 cr diverged sharply from a pre-tax loss of Rs 681.53 cr, while the tax rate was 0.34%.
- Interest of Rs 413.24 cr and depreciation of Rs 341.87 cr added to the pressure below operating profit.
Operating costs pushed Q1 into the red
RELINFRA reported a consolidated operating loss of Rs 153.44 cr in Q1FY27, as expenses exceeded revenue. The resulting operating margin was -2.42%. Other income of Rs 227.02 cr was insufficient to cover the operating loss, interest and depreciation together.
Net profit did not reflect the pre-tax loss
Reported net profit was Rs 767.79 cr despite a pre-tax loss of Rs 681.53 cr. The tax line was -Rs 2.34 cr and the reported tax rate was 0.34%, which does not explain the divergence between pre-tax and net profit. The reported profit therefore needs to be read with the below-PBT accounting items rather than as a reflection of operating earnings.
Results were filed after the market close
The consolidated results were filed on 14 Aug 2026 at 19:53 IST, after market close. No post-results stock reaction is covered yet.
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 | ₹6,344 cr |
| Other income | ₹227 cr |
| Expenses | ₹6,498 cr |
| Operating profit | ₹-153 cr |
| Operating margin (%) | -2.42% |
| Interest | ₹413 cr |
| Depreciation | ₹342 cr |
| Profit before tax | ₹-682 cr |
| Tax | ₹-2 cr |
| Net profit | ₹768 cr |
| EPS (₹) | ₹9.10 |
What to watch
- Whether operating margin moves above -2.42%.
- Whether interest falls below Rs 413.24 cr.
- Whether reported net profit remains positive alongside the Rs 681.53 cr pre-tax loss.