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 a consolidated operating loss of Rs 153.44 cr and a -2.42% margin.
- Reported net profit of Rs 767.79 cr contrasted with a pre-tax loss of Rs 681.53 cr, while other income was Rs 227.02 cr.
- Consolidated EPS was Rs 9.10 even as core operations remained loss-making in Q1FY27.
Revenue did not cover the consolidated cost base
In Q1FY27, consolidated expenses exceeded revenue, leaving the company with an operating loss of Rs 153.44 cr. The -2.42% operating margin shows that the pressure was present before interest and depreciation. Interest of Rs 413.24 cr and depreciation of Rs 341.87 cr added to the gap below operating profit.
Reported profit does not reflect operating performance
The consolidated net profit of Rs 767.79 cr contrasts sharply with a pre-tax loss of Rs 681.53 cr. Other income was Rs 227.02 cr, while the tax line was a credit of Rs 2.34 cr and the reported tax rate was 0.34%. The earnings profile therefore needs to be read separately from the loss in core operations.
After-close filing leaves market reaction to track
The results were filed at 19:53 IST on 14 August 2026, after market close. The next trading session will provide the first post-results market read-through. With no sequential or year-on-year comparison in this release, the next reported quarter will also be the first point for checking operating direction.
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 consolidated operating margin improves from -2.42%.
- Whether operating profit moves above the current loss of Rs 153.44 cr.
- Whether net profit remains positive while pre-tax profit was -Rs 681.53 cr.