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 Pictures Ltd (SUNSHINE)
Key takeaways
- Sunshine Pictures reported standalone Q1FY27 net profit of Rs 0.25 cr after depreciation of Rs 0.52 cr and interest of Rs 0.17 cr.
- Its 14.43% operating margin was 2.97 percentage points above the 11.46% median for 385 Consumer Discretionary peers.
- The stock rose 8.91% on the results date and was up 17.98% at the next session's close.
Price around the results
Depreciation and interest narrowed operating profit
Sunshine Pictures reported standalone Q1FY27 revenue of Rs 6.48 cr and operating profit of Rs 0.93 cr. Depreciation of Rs 0.52 cr and interest of Rs 0.17 cr reduced this to profit before tax of Rs 0.34 cr. Other income of Rs 0.09 cr was a meaningful component of pre-tax profit, so earnings quality was not driven only by operations.
Operating margin led the peer median
The company's 14.43% operating margin was 2.97 percentage points above the 11.46% median among 385 Consumer Discretionary peers that had reported the quarter. Expenses of Rs 5.54 cr absorbed most of the Rs 6.48 cr revenue, while the subsequent depreciation and interest charges explain the gap between operating profit and pre-tax profit.
Positive initial market response
The stock opened 4.85% above the prior close and ended the results date up 8.91%. It was up 17.98% at the next session's close and 32.19% five sessions later. The available reaction record does not provide a past-results history against which to judge whether this move was typical.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| 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 |
Operating margin of 14.43% compares with a Consumer Discretionary sector median of 11.46% across 385 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +8.91% | +8.48% |
| Next session | +17.98% | — |
| 5 sessions | +32.19% | +30.77% |
| 15 sessions | +29.60% | — |
Volume on the results session was 0.80× its 20-day average.
What to watch
- Whether operating margin remains above 14.43%.
- Whether depreciation stays below Rs 0.52 cr and interest below Rs 0.17 cr.
- Whether other income remains around Rs 0.09 cr without becoming a larger part of pre-tax profit.