SHAH's Q1 profit included Rs 1.21 cr of other income
Consolidated operating profit was Rs 4.73 cr, while a 25.17% tax rate brought profit before tax of Rs 4.71 cr down to Rs 3.52 cr.
Filed 12 Aug 2026, 15:07 IST · SHAH (SHAH)
Key takeaways
- Other income of Rs 1.21 cr supplemented profit before tax of Rs 4.71 cr, so earnings were not solely operating-led.
- Expenses of Rs 52.47 cr left operating profit at Rs 4.73 cr on consolidated revenue of Rs 57.2 cr.
- A 25.17% tax rate reduced consolidated profit before tax of Rs 4.71 cr to net profit of Rs 3.52 cr.
Operating earnings were supplemented by other income
SHAH reported consolidated revenue of Rs 57.2 cr and net profit of Rs 3.52 cr in Q1FY27. Operating profit was Rs 4.73 cr, while other income of Rs 1.21 cr supplemented profit before tax of Rs 4.71 cr, making reported profit partly dependent on non-operating income.
The cost base left a limited operating cushion
Expenses of Rs 52.47 cr absorbed most of the Rs 57.2 cr revenue, leaving operating profit of Rs 4.73 cr. Interest of Rs 0.27 cr and depreciation of Rs 0.97 cr further reduced the operating contribution before tax, while the 25.17% tax rate took net profit to Rs 3.52 cr.
No sequential, yearly or market-reaction read-through yet
The filing has no year-on-year or sequential comparison, so the quarter cannot be placed in a growth or margin trend. There is also no post-results market reaction history attached to this release; the consolidated filing reports basic EPS of Rs 0.04.
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 | ₹57 cr |
| Other income | ₹1 cr |
| Expenses | ₹52 cr |
| Operating profit | ₹5 cr |
| Operating margin (%) | 8.28% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹1 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹0.04 |
What to watch
- Whether operating profit remains above Rs 4.73 cr.
- Whether other income stays near or below Rs 1.21 cr as a contributor to profit before tax.
- Whether the tax rate remains around 25.17%.