SILGO's Q1 profit was driven by operations, with interest a key charge
Other income was only Rs 0.02 cr, while Rs 1.09 cr of interest expense reduced the operating-profit-to-PBT conversion.
Filed 13 Aug 2026, 14:42 IST · SILGO (SILGO)
Key takeaways
- Consolidated Q1FY27 net profit of Rs 2.14 cr was primarily supported by operating profit of Rs 3.94 cr, not other income of Rs 0.02 cr.
- Interest expense of Rs 1.09 cr was a significant charge against operating profit and limited the conversion into profit before tax of Rs 2.86 cr.
- The reported operating margin was 32.41%, while tax was Rs 0.72 cr at a 25.35% tax rate.
Core operations supplied the quarter's profit
SILGO reported consolidated revenue of Rs 12.15 cr and operating profit of Rs 3.94 cr in Q1FY27. The Rs 2.14 cr net profit was therefore supported mainly by operating earnings, with other income of just Rs 0.02 cr making little contribution. This points to a quarter whose reported profit quality rested on the operating business rather than non-operating gains.
Interest was the main drag below operating profit
Interest expense of Rs 1.09 cr reduced operating profit of Rs 3.94 cr to profit before tax of Rs 2.86 cr. Depreciation was only Rs 0.01 cr, so the main charge between operating profit and PBT was interest rather than asset-related expense. Tax of Rs 0.72 cr was reported at a 25.35% tax rate.
No comparison or market reaction is yet available
The filing provides no year-on-year or sequential comparison for Q1FY27, so the quarter cannot be placed against an earlier period on growth or margin direction. There is also no recorded post-results stock reaction to assess against SILGO's historical response pattern.
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 | ₹12 cr |
| Other income | ₹0 cr |
| Expenses | ₹8 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 32.41% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.71 |
What to watch
- Whether operating margin holds above 32.41% in the next reported quarter.
- Whether interest expense remains near Rs 1.09 cr as operating profit changes.
- Whether other income remains immaterial relative to the Rs 2.14 cr net profit.