Low tax and other income shaped SPIC's Q1FY27 profit
The consolidated quarter delivered a 6.93% operating margin, while other income and a 3.9% tax rate supported reported earnings.
Filed 14 Aug 2026, 18:16 IST · after market close · SPIC (SPIC)
Key takeaways
- SPIC's consolidated net profit of Rs 60.18 cr was helped by a 3.9% tax rate.
- Operating margin was 6.93%, as expenses of Rs 790.02 cr absorbed most of revenue of Rs 848.81 cr.
- Other income of Rs 21.38 cr made a material contribution to profit before tax of Rs 62.62 cr.
Reported profit had meaningful non-operating support
SPIC's consolidated net profit was Rs 60.18 cr in Q1FY27, but the earnings mix was not solely operational. Other income was Rs 21.38 cr against profit before tax of Rs 62.62 cr, while the 3.9% tax rate reduced the tax drag on profit. Operating performance and the sustainability of these non-operating contributions are therefore important in reading the quarter.
Operating margin reflects a high expense load
Revenue of Rs 848.81 cr translated into operating profit of Rs 58.79 cr, or a 6.93% operating margin, after expenses of Rs 790.02 cr. The bridge from operating profit to profit before tax included interest of Rs 7.86 cr and depreciation of Rs 9.69 cr, while other income lifted the pre-tax result.
After-close filing leaves the earnings mix as the first read
SPIC filed the consolidated results after market close on 14 Aug 2026. The immediate focus is the balance between the 6.93% operating margin, Rs 21.38 cr of other income and the 3.9% tax rate. The next quarter will provide the first directional reference for these components.
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 | ₹849 cr |
| Other income | ₹21 cr |
| Expenses | ₹790 cr |
| Operating profit | ₹59 cr |
| Operating margin (%) | 6.93% |
| Interest | ₹8 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹63 cr |
| Tax | ₹2 cr |
| Net profit | ₹60 cr |
| EPS (₹) | ₹2.96 |
What to watch
- Whether operating margin moves above or below 6.93%.
- Whether other income remains close to Rs 21.38 cr relative to profit before tax.
- Whether the tax rate stays close to 3.9%.