Interest and depreciation weighed on Q4 pre-tax profit
The consolidated quarter generated a 24.24% operating margin, but interest of Rs 11.74 cr and depreciation of Rs 9.27 cr reduced the operating-to-pre-tax conversion.
Filed 14 Aug 2026, 20:29 IST · after market close · RELTD (RELTD)
Key takeaways
- Consolidated Q4FY26 operating margin was 24.24%, but below-operating charges left profit before tax at Rs 12.38 cr.
- Interest of Rs 11.74 cr and depreciation of Rs 9.27 cr were the key charges between operating profit and pre-tax profit.
- Other income was negative at Rs -0.59 cr, while a 10.29% tax rate resulted in Rs 11.1 cr of net profit.
Operating margin was the main earnings cushion
The consolidated quarter produced an operating profit of Rs 33.97 cr at a 24.24% margin. That operating cushion narrowed sharply below the operating line as interest and depreciation brought profit before tax to Rs 12.38 cr. The result shows that financing and asset-related charges were central to the quarter's profit conversion.
No support came from other income
Expenses of Rs 106.19 cr against revenue of Rs 140.16 cr left the operating margin as the primary support for earnings. Other income was negative at Rs -0.59 cr, so it did not provide an ancillary-income lift to pre-tax profit. Tax at 10.29% reduced profit before tax by Rs 1.27 cr before net profit was reported at Rs 11.1 cr.
Results were filed after market close
The consolidated results were filed after market close on 14 Aug 2026. The release therefore sets the operating and below-operating baseline before the next market session's response.
Q4FY26 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹140 cr |
| Other income | ₹-1 cr |
| Expenses | ₹106 cr |
| Operating profit | ₹34 cr |
| Operating margin (%) | 24.24% |
| Interest | ₹12 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹1 cr |
| Net profit | ₹11 cr |
| EPS (₹) | ₹0.62 |
What to watch
- Whether operating margin holds at 24.24% in the next reported quarter.
- Whether interest remains around Rs 11.74 cr as a drag on pre-tax profit.
- Whether other income stays negative relative to the Rs -0.59 cr reported in Q4FY26.