Depreciation and interest compressed Responsive Industries' pre-tax profit
The 12.09% operating margin trailed the sector median, while other income of Rs 2.04 cr supported profit before tax of Rs 3.64 cr.
Filed 14 Aug 2026, 16:06 IST · after market close · Responsive Industries Ltd (RESPONIND)
Key takeaways
- On a consolidated basis, depreciation of Rs 17.71 cr and interest of Rs 4 cr reduced operating profit of Rs 23.31 cr to profit before tax of Rs 3.64 cr.
- Other income of Rs 2.04 cr was a meaningful contributor to the quarter's profit before tax of Rs 3.64 cr.
- Operating margin was 12.09%, 0.78 percentage points below the 12.87% median for 180 reported Consumer Discretionary peers.
Price around the results
Operating profit narrowed sharply before below-the-line charges
Responsive Industries reported consolidated revenue of Rs 192.87 cr and operating profit of Rs 23.31 cr in Q1FY27. Depreciation of Rs 17.71 cr and interest of Rs 4 cr absorbed much of that operating profit, leaving profit before tax at Rs 3.64 cr. Net profit was Rs 2.74 cr, with EPS of Rs 0.10.
Other income mattered to the reported profit
Other income was Rs 2.04 cr against profit before tax of Rs 3.64 cr, making it an important part of the reported pre-tax result. The 24.70% tax rate reduced profit after tax further from the pre-tax level. This leaves the quarter's earnings more dependent on the operating result and below-the-line charges than the net-profit figure alone suggests.
Margin was below the reported peer median
The company's 12.09% operating margin was 0.78 percentage points below the 12.87% median among 180 Consumer Discretionary peers that had reported the same quarter. Responsive Industries ranked 85th from the bottom in that comparison. The results were filed after market close on 14 August 2026.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹193 cr |
| Other income | ₹2 cr |
| Expenses | ₹170 cr |
| Operating profit | ₹23 cr |
| Operating margin (%) | 12.09% |
| Interest | ₹4 cr |
| Depreciation | ₹18 cr |
| Profit before tax | ₹4 cr |
| Tax | ₹1 cr |
| Net profit | ₹3 cr |
| EPS (₹) | ₹0.10 |
Operating margin of 12.09% compares with a Consumer Discretionary sector median of 12.87% across 180 peers that have reported Q1FY27.
What to watch
- Whether operating margin holds around the Q1FY27 level of 12.09%.
- Whether depreciation remains close to Rs 17.71 cr relative to operating profit of Rs 23.31 cr.
- The contribution of other income of Rs 2.04 cr to profit before tax.