Depreciation and interest cut Sunshine's Q1 operating profit to Rs 0.34 cr PBT
Standalone Q1FY27 net profit was Rs 0.25 cr after Rs 0.52 cr depreciation and a 26.11% tax rate.
Filed 16 Sep 2026, 11:54 IST · SUNSHINE (SUNSHINE)
Key takeaways
- Standalone Q1FY27 operating profit of Rs 0.93 cr translated into a 14.43% operating margin.
- Interest of Rs 0.17 cr and depreciation of Rs 0.52 cr reduced operating profit to Rs 0.34 cr profit before tax.
- A 26.11% tax rate reduced profit before tax to Rs 0.25 cr net profit, while other income contributed Rs 0.09 cr.
Operating earnings in Q1FY27
Sunshine reported standalone operating profit of Rs 0.93 cr on revenue of Rs 6.48 cr, leaving a 14.43% operating margin. With no sequential or year-on-year comparison provided, the quarter's earnings profile is defined mainly by the conversion of operating profit into profit before tax.
Depreciation was the larger below-operating charge
Depreciation of Rs 0.52 cr was larger than interest of Rs 0.17 cr, together reducing operating profit to Rs 0.34 cr profit before tax. Other income of Rs 0.09 cr provided some support, but remained smaller than the operating profit contribution.
Tax further reduced earnings conversion
The 26.11% tax rate took profit before tax of Rs 0.34 cr down to Rs 0.25 cr net profit. This produced basic EPS of Rs 0.10, making below-operating costs and tax the main factors separating operating earnings from reported profit.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹6 cr |
| Other income | ₹0 cr |
| Expenses | ₹6 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 14.43% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹0 cr |
| Tax | ₹0 cr |
| Net profit | ₹0 cr |
| EPS (₹) | ₹0.10 |
What to watch
- Whether operating margin moves above or below 14.43% next quarter.
- Whether depreciation remains at Rs 0.52 cr relative to operating profit of Rs 0.93 cr.
- Whether other income stays at Rs 0.09 cr relative to profit before tax of Rs 0.34 cr.