SEPC reports Rs 11.05 cr loss after tax charge wipes out Q1 profit
The consolidated quarter generated Rs 13.17 cr of pre-tax profit, but a 183.92% tax rate pushed net profit into a loss.
Filed 11 Aug 2026, 21:28 IST · after market close · SEPC (SEPC)
Key takeaways
- SEPC reported a consolidated Rs 11.05 cr net loss despite Rs 13.17 cr pre-tax profit, as the Rs 24.22 cr tax charge implied a 183.92% tax rate.
- Operating profit of Rs 17.25 cr translated into a 6.30% margin, while Rs 11.47 cr of interest reduced the amount available before tax.
- Other income of Rs 8.68 cr formed a material part of the Rs 13.17 cr pre-tax profit but did not offset the tax charge.
Tax charge turned operating profit into a net loss
SEPC's consolidated operations generated Rs 17.25 cr of operating profit on Rs 273.8 cr of revenue. After Rs 11.47 cr of interest and Rs 1.29 cr of depreciation, profit before tax was Rs 13.17 cr. The Rs 24.22 cr tax charge exceeded pre-tax profit, producing a Rs 11.05 cr net loss.
Interest left limited room below the operating line
The 6.30% operating margin left limited room for the Rs 11.47 cr interest cost to be absorbed before tax. Other income of Rs 8.68 cr supported the pre-tax result, making non-operating income an important part of the quarter's profit mix. The main pressure on reported earnings came after the pre-tax line, through the 183.92% tax rate.
Results were filed after market close
SEPC filed these consolidated Q1FY27 results after market close on 11 August 2026. With no quarter-on-quarter or year-on-year comparison provided, the key read-through is the gap between positive pre-tax profit of Rs 13.17 cr and negative net profit of Rs 11.05 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 | ₹274 cr |
| Other income | ₹9 cr |
| Expenses | ₹257 cr |
| Operating profit | ₹17 cr |
| Operating margin (%) | 6.30% |
| Interest | ₹11 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹13 cr |
| Tax | ₹24 cr |
| Net profit | ₹-11 cr |
| EPS (₹) | ₹-0.06 |
What to watch
- Whether the operating margin moves up from 6.30%.
- Whether the tax rate comes down from 183.92%.
- Whether interest remains near Rs 11.47 cr relative to operating profit of Rs 17.25 cr.