TNPL's operating profit was largely absorbed by interest and depreciation
Other income exceeded pre-tax profit, while the standalone results were filed after market close without an immediate market response.
Filed 12 Aug 2026, 18:48 IST · after market close · TNPL (TNPL)
Key takeaways
- TNPL's standalone operating profit of Rs 114.87 cr was reduced to Rs 7.68 cr of pre-tax profit after interest and depreciation.
- Other income of Rs 13.74 cr exceeded reported pre-tax profit, making earnings quality a key concern this quarter.
- The results were filed after market close on 12 Aug 2026, so no immediate stock reaction is covered.
Operating profit did not carry through to pre-tax earnings
TNPL reported standalone operating profit of Rs 114.87 cr, but interest of Rs 42.90 cr and depreciation of Rs 78.03 cr left pre-tax profit at only Rs 7.68 cr. Net profit was Rs 5.74 cr, with EPS of Rs 0.83.
Other income was larger than reported pre-tax profit
Other income of Rs 13.74 cr exceeded pre-tax profit of Rs 7.68 cr. This means the company would have reported a pre-tax loss without that income, making the quarter's profit less reflective of operating earnings. Tax was Rs 1.94 cr, equivalent to a 25.26% tax rate.
No quarter-on-quarter or year-on-year comparison was available
The quarter's operating margin was 10.02%, but there is no comparison in the reported set to establish whether margins improved or weakened. The standalone results were filed at 18:48 IST on 12 Aug 2026, after market close, and no immediate stock reaction is covered.
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 | ₹1,147 cr |
| Other income | ₹14 cr |
| Expenses | ₹1,032 cr |
| Operating profit | ₹115 cr |
| Operating margin (%) | 10.02% |
| Interest | ₹43 cr |
| Depreciation | ₹78 cr |
| Profit before tax | ₹8 cr |
| Tax | ₹2 cr |
| Net profit | ₹6 cr |
| EPS (₹) | ₹0.83 |
What to watch
- Whether operating margin moves from 10.02% in the next reported quarter.
- Whether other income remains above Rs 13.74 cr.
- Whether interest and depreciation continue to absorb most of the Rs 114.87 cr operating profit.