SPAL posts Rs 24.87 cr consolidated profit in Q1FY27
Interest, depreciation and tax absorbed a substantial part of operating earnings, while no quarter-on-quarter or year-on-year comparison was reported.
Filed 11 Aug 2026, 17:05 IST · after market close · SPAL (SPAL)
Key takeaways
- SPAL's consolidated Q1FY27 operating profit of Rs 61.36 cr converted to net profit of Rs 24.87 cr after Rs 14.86 cr of interest and Rs 13.24 cr of depreciation.
- The 15.30% operating margin translated into profit before tax of Rs 35.85 cr, with other income contributing Rs 2.58 cr.
- A 30.61% tax rate reduced consolidated profit after tax to Rs 24.87 cr, or EPS of Rs 9.89.
Operating earnings narrowed through the profit bridge
SPAL reported consolidated revenue of Rs 401.08 cr and operating profit of Rs 61.36 cr for Q1FY27. Interest of Rs 14.86 cr and depreciation of Rs 13.24 cr reduced this to profit before tax of Rs 35.85 cr. Other income was Rs 2.58 cr, so non-operating income was present but not the main earnings line.
Tax further reduced conversion to net profit
The 15.30% operating margin did not flow through fully to shareholders because of financing, depreciation and tax charges. Tax was Rs 10.97 cr at a 30.61% tax rate, leaving consolidated net profit at Rs 24.87 cr and EPS at Rs 9.89.
No comparative trend or market reaction yet
The reported release contains no year-on-year or sequential comparison, and there is no multi-quarter trend in the available results. SPAL filed the consolidated results after market close on 11 August 2026, so the stock's immediate response was not yet available.
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 | ₹401 cr |
| Other income | ₹3 cr |
| Expenses | ₹340 cr |
| Operating profit | ₹61 cr |
| Operating margin (%) | 15.30% |
| Interest | ₹15 cr |
| Depreciation | ₹13 cr |
| Profit before tax | ₹36 cr |
| Tax | ₹11 cr |
| Net profit | ₹25 cr |
| EPS (₹) | ₹9.89 |
What to watch
- Whether operating margin holds above 15.30% next quarter.
- Whether interest remains close to Rs 14.86 cr as operating profit changes.
- Whether the tax rate stays near 30.61%.