Other income lifts SJS profit mix as operating margin beats peer median
Consolidated operating margin was 15.23 percentage points above the 92-peer median, while Rs 33.24 cr of other income materially supported pre-tax profit.
Filed 06 Aug 2026, 14:26 IST · S J S Enterprises Ltd (SJS)
Key takeaways
- Other income of Rs 33.24 cr materially lifted consolidated profit before tax to Rs 95.6 cr, making earnings mix a key read-through.
- SJS's consolidated operating margin of 28.61% was 15.23 percentage points above the 13.38% median for 92 reporting Consumer Discretionary peers.
- A 22.15% tax rate left consolidated net profit at Rs 74.42 cr, or EPS of Rs 23.18, after the non-operating income contribution.
Price around the results
Other income is central to the earnings read-through
SJS's consolidated profit before tax of Rs 95.6 cr was supported by Rs 33.24 cr of other income, so net profit does not reflect operating earnings alone. This makes the composition of profit as important as the reported Rs 74.42 cr consolidated net profit.
Operating margin remains well above the sector median
The 28.61% consolidated operating margin was 15.23 percentage points above the 13.38% median for 92 Consumer Discretionary peers that had reported the quarter. With no growth or margin-change drivers disclosed here, the sector comparison is the clearest indicator of SJS's operating position this quarter.
Below operating profit, tax was the larger earnings deduction
Interest was Rs 0.56 cr and depreciation was Rs 11.75 cr, while tax was Rs 21.18 cr at a 22.15% rate. The quarter therefore combines a high operating margin with a meaningful contribution from other income and a reported EPS of Rs 23.18.
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 | ₹261 cr |
| Other income | ₹33 cr |
| Expenses | ₹186 cr |
| Operating profit | ₹75 cr |
| Operating margin (%) | 28.61% |
| Interest | ₹1 cr |
| Depreciation | ₹12 cr |
| Profit before tax | ₹96 cr |
| Tax | ₹21 cr |
| Net profit | ₹74 cr |
| EPS (₹) | ₹23.18 |
Operating margin of 28.61% compares with a Consumer Discretionary sector median of 13.38% across 92 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin holds near 28.61%.
- Whether other income remains below or above Rs 33.24 cr in the next reported quarter.
- Whether the tax rate stays near 22.15%.