Other income of Rs 8.97 cr outpaced operating profit in Q1FY27
Operating earnings of Rs 7.74 cr were supplemented by Rs 8.97 cr of other income, making profit quality the key read-through.
Filed 31 Jul 2026, 14:34 IST · SIGMA (SIGMA)
Key takeaways
- Other income of Rs 8.97 cr exceeded operating profit of Rs 7.74 cr, making it the main distinction in Q1FY27 consolidated profit.
- Consolidated net profit was Rs 12.58 cr after a 23.68% tax rate, so the quarter's profit was not solely an operating outcome.
- Operating margin was 33.60% on revenue of Rs 23.03 cr, while interest and depreciation were limited to Rs 0.04 cr and Rs 0.19 cr.
Non-operating income shaped the consolidated result
SIGMA's Q1FY27 consolidated result was shaped by the gap between operating and non-operating earnings: other income of Rs 8.97 cr was higher than operating profit of Rs 7.74 cr. The Rs 12.58 cr net profit therefore cannot be read as a pure measure of operating performance. Interest of Rs 0.04 cr and depreciation of Rs 0.19 cr were small relative to operating profit.
A 33.60% operating margin preceded the tax line
Revenue of Rs 23.03 cr and expenses of Rs 15.29 cr produced a 33.60% operating margin before other income, interest, depreciation and tax. The 23.68% tax rate also reduced the amount of the pre-tax gain retained in net profit.
Operating earnings are the key next-quarter read-through
The next quarter's quality read-through is whether operating profit remains the larger earnings engine rather than being supplemented by other income of Rs 8.97 cr. The 33.60% operating margin and 23.68% tax rate provide the relevant baselines for that assessment.
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 | ₹23 cr |
| Other income | ₹9 cr |
| Expenses | ₹15 cr |
| Operating profit | ₹8 cr |
| Operating margin (%) | 33.60% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹16 cr |
| Tax | ₹4 cr |
| Net profit | ₹13 cr |
| EPS (₹) | ₹1.22 |
What to watch
- Whether operating margin moves from the 33.60% Q1FY27 level.
- Whether other income remains below or exceeds operating profit of Rs 7.74 cr.
- Whether the tax rate moves from 23.68%.