TCC's tax credit lifts Q1 net profit above pre-tax profit
Consolidated operating margin was 36.07%, while Rs 3.02 cr of other income and a Rs -0.62 cr tax credit shaped reported profit.
Filed 31 Jul 2026, 19:28 IST · after market close · TCC (TCC)
Key takeaways
- TCC reported consolidated operating profit of Rs 46.27 cr on revenue of Rs 128.28 cr, with a 36.07% operating margin.
- Net profit of Rs 12.64 cr exceeded profit before tax of Rs 12.03 cr because the reported tax line was a Rs -0.62 cr credit.
- Interest of Rs 11.11 cr and depreciation of Rs 26.15 cr absorbed a substantial part of operating profit before tax.
Operating profit faced heavy below-operating charges
TCC generated Rs 46.27 cr of operating profit from Rs 128.28 cr of consolidated revenue, implying a 36.07% operating margin. Interest of Rs 11.11 cr and depreciation of Rs 26.15 cr created a substantial gap between operating profit and the Rs 12.03 cr profit before tax.
Tax credit boosted reported net profit
The Rs -0.62 cr tax line was a credit rather than an expense, lifting net profit to Rs 12.64 cr against profit before tax of Rs 12.03 cr. Other income contributed Rs 3.02 cr, so reported profit also reflected non-operating income alongside the operating result.
Results were filed after market close
TCC filed its consolidated Q1FY27 results after market close on 31 Jul 2026. The release therefore comes without a same-day share-price reaction to interpret.
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 | ₹128 cr |
| Other income | ₹3 cr |
| Expenses | ₹82 cr |
| Operating profit | ₹46 cr |
| Operating margin (%) | 36.07% |
| Interest | ₹11 cr |
| Depreciation | ₹26 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹-1 cr |
| Net profit | ₹13 cr |
| EPS (₹) | ₹2.58 |
What to watch
- Whether consolidated operating margin holds above 36.07%.
- Whether the tax rate moves back from -5.15%.
- How interest of Rs 11.11 cr and depreciation of Rs 26.15 cr affect profit before tax.