RML's Rs 86.84 cr operating profit was cut to Rs 41.02 cr before tax
Interest of Rs 15.46 cr and depreciation of Rs 39.35 cr absorbed much of operating profit; other income was Rs 8.99 cr and the tax rate was 26.62%.
Filed 05 Aug 2026, 14:55 IST · RML (RML)
Key takeaways
- RML's consolidated Q1FY27 operating profit of Rs 86.84 cr was reduced to Rs 41.02 cr before tax by Rs 15.46 cr of interest and Rs 39.35 cr of depreciation.
- Other income of Rs 8.99 cr was a notable component of profit before tax of Rs 41.02 cr, while the 26.62% tax rate shaped net profit of Rs 30.1 cr.
- The quarter ended with an 8.34% operating margin and EPS of Rs 10.89, setting the current baseline for RML's profitability.
Operating profit faced a heavy below-operating burden
RML reported consolidated revenue of Rs 1,041.62 cr and operating profit of Rs 86.84 cr in Q1FY27, implying an 8.34% operating margin. The key earnings bridge was below operating profit: interest of Rs 15.46 cr and depreciation of Rs 39.35 cr brought profit before tax down to Rs 41.02 cr.
Other income supported profit quality, but did not drive operations
Other income of Rs 8.99 cr was a meaningful component alongside profit before tax of Rs 41.02 cr, so reported profit also included a non-operating contribution. The 26.62% tax rate then reduced pre-tax profit to net profit of Rs 30.1 cr, with EPS at Rs 10.89.
Q1FY27 establishes the margin and EPS reference points
The quarter's operating reference is an 8.34% margin on revenue of Rs 1,041.62 cr, while the financing and depreciation load remains visible in the gap between operating profit of Rs 86.84 cr and pre-tax profit of Rs 41.02 cr. Future results can be assessed against whether profit growth is accompanied by a better operating-to-pre-tax conversion.
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 | ₹1,042 cr |
| Other income | ₹9 cr |
| Expenses | ₹955 cr |
| Operating profit | ₹87 cr |
| Operating margin (%) | 8.34% |
| Interest | ₹15 cr |
| Depreciation | ₹39 cr |
| Profit before tax | ₹41 cr |
| Tax | ₹11 cr |
| Net profit | ₹30 cr |
| EPS (₹) | ₹10.89 |
What to watch
- Whether operating margin holds at or above 8.34%.
- The interest charge relative to operating profit, starting from Rs 15.46 cr against Rs 86.84 cr.
- Whether other income remains close to Rs 8.99 cr while profit before tax is Rs 41.02 cr.