Interest expense wiped out Tirumal Chemicals’ operating profit
The consolidated loss came despite positive operating profit, as Rs 51.97 cr of interest and Rs 22.99 cr of depreciation dragged pre-tax earnings below zero.
Filed 04 Aug 2026, 17:34 IST · after market close · TIRUMALCHM (TIRUMALCHM)
Key takeaways
- Tirumal Chemicals reported a consolidated net loss of Rs 43.67 cr despite operating profit of Rs 32.57 cr.
- Interest expense of Rs 51.97 cr exceeded operating profit and pushed profit before tax to a loss of Rs 39.10 cr.
- Operating margin was 5.96%, while the company recorded a tax charge of Rs 4.57 cr despite the pre-tax loss.
Operating profit did not cover financing costs
Tirumal Chemicals generated consolidated operating profit of Rs 32.57 cr on revenue of Rs 546.67 cr. Interest expense was Rs 51.97 cr, leaving the company with a profit-before-tax loss of Rs 39.10 cr after depreciation of Rs 22.99 cr. Other income of Rs 3.29 cr was too small to offset these charges.
A tax charge added to the reported loss
The company reported a tax charge of Rs 4.57 cr despite recording a pre-tax loss. That took consolidated net loss to Rs 43.67 cr, with EPS at negative Rs 3.62. The operating margin was 5.96%, but financing and depreciation costs dominated below the operating line.
Results were filed after market close
The consolidated results were filed at 17:34 IST on 4 August 2026, after the market closed. There is no reported market reaction yet, so the immediate share-price response cannot be assessed.
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 | ₹547 cr |
| Other income | ₹3 cr |
| Expenses | ₹514 cr |
| Operating profit | ₹33 cr |
| Operating margin (%) | 5.96% |
| Interest | ₹52 cr |
| Depreciation | ₹23 cr |
| Profit before tax | ₹-39 cr |
| Tax | ₹5 cr |
| Net profit | ₹-44 cr |
| EPS (₹) | ₹-3.62 |
What to watch
- Whether operating profit remains sufficient to cover interest expense of Rs 51.97 cr.
- Whether operating margin improves from 5.96%.
- Whether the tax charge of Rs 4.57 cr recurs alongside a pre-tax loss.