Interest expense exceeded SEMAC's consolidated operating profit
Other income of Rs 1.55 cr was higher than profit before tax of Rs 1.02 cr, while tax absorbed 60.33% of PBT.
Filed 14 Aug 2026, 16:25 IST · after market close · SEMAC (SEMAC)
Key takeaways
- Consolidated operating profit of Rs 0.68 cr was lower than interest expense of Rs 0.95 cr.
- Other income of Rs 1.55 cr exceeded profit before tax of Rs 1.02 cr, making reported PBT dependent on non-operating income.
- A 60.33% tax rate reduced net profit to Rs 0.40 cr, with EPS at Rs 1.29.
Finance cost overtook operating profit
SEMAC's consolidated revenue of Rs 30.42 cr was close to expenses of Rs 29.74 cr, leaving only Rs 0.68 cr of operating profit. Interest expense of Rs 0.95 cr exceeded operating profit, putting pressure on earnings below the operating line. Depreciation was Rs 0.27 cr.
Reported PBT relied on other income
Other income of Rs 1.55 cr was higher than profit before tax of Rs 1.02 cr, so the reported PBT was supported by non-operating income. Tax of Rs 0.61 cr represented a 60.33% tax rate, limiting the conversion of PBT into net profit. Consolidated net profit was Rs 0.40 cr, with EPS of Rs 1.29.
Results were filed after market close
The consolidated results were filed at 16:25 IST on 14 August 2026, after market close. With no quarter-on-quarter or year-on-year comparison in the release, the main read-through is the gap between operating profit of Rs 0.68 cr, interest of Rs 0.95 cr and other income of Rs 1.55 cr.
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 | ₹30 cr |
| Other income | ₹2 cr |
| Expenses | ₹30 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 2.23% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹1 cr |
| Net profit | ₹0 cr |
| EPS (₹) | ₹1.29 |
What to watch
- Whether operating profit covers interest expense of Rs 0.95 cr.
- Whether other income remains close to or below profit before tax of Rs 1.02 cr.
- Whether the tax rate moves below the reported 60.33%.