Interest and depreciation erase Shivam Auto’s operating profit in Q1FY27
The standalone company reported Rs 7.92 cr of operating profit, but interest of Rs 20.48 cr pushed it to a Rs 20.99 cr net loss.
Filed 13 Aug 2026, 16:24 IST · after market close · SHIVAMAUTO (SHIVAMAUTO)
Key takeaways
- Shivam Auto posted a standalone net loss of Rs 20.99 cr despite operating profit of Rs 7.92 cr in Q1FY27.
- Interest of Rs 20.48 cr and depreciation of Rs 9.07 cr more than offset operating profit, while other income was only Rs 0.63 cr.
- The 7.23% operating margin did not cover financing and depreciation charges, leaving EPS at Rs -1.60.
Operating profit did not reach reported profit
Shivam Auto generated a standalone operating profit of Rs 7.92 cr on revenue of Rs 109.58 cr, but reported a net loss of Rs 20.99 cr. Interest of Rs 20.48 cr was the main drag, and depreciation added a further Rs 9.07 cr charge. Other income of Rs 0.63 cr was too small to materially change the result.
A 7.23% margin was insufficient after financing costs
The 7.23% operating margin shows that the business remained operating-profit positive, but the financing burden absorbed more than the operating profit. The zero tax rate did not flatter earnings because the company reported a loss before tax of Rs 20.99 cr. The result therefore reflects pressure below the operating line rather than a tax-driven change in reported profit.
Results filed after market close
The company filed these standalone results after market close on 13 Aug 2026. The stock’s immediate reaction is therefore not covered here.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹110 cr |
| Other income | ₹1 cr |
| Expenses | ₹102 cr |
| Operating profit | ₹8 cr |
| Operating margin (%) | 7.23% |
| Interest | ₹20 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹-21 cr |
| Tax | ₹0 cr |
| Net profit | ₹-21 cr |
| EPS (₹) | ₹-1.60 |
What to watch
- Whether operating margin holds above 7.23%.
- Whether interest expense falls below Rs 20.48 cr.
- Whether depreciation remains below Rs 9.07 cr.