TOTAL reports a 3.33% operating margin in Q1FY27
Operating profit was modest relative to revenue, while other income of Rs 1.07 cr formed a meaningful part of pre-tax profit.
Filed 06 Aug 2026, 19:00 IST · after market close · TOTAL (TOTAL)
Key takeaways
- Consolidated operating profit of Rs 6.45 cr on revenue of Rs 193.58 cr translated into a narrow 3.33% operating margin.
- Other income of Rs 1.07 cr was material against profit before tax of Rs 5.53 cr, making reported earnings quality worth monitoring.
- The company reported consolidated net profit of Rs 4.13 cr and EPS of Rs 2.55 for Q1FY27.
Thin operating conversion in the June quarter
TOTAL generated consolidated revenue of Rs 193.58 cr but converted only Rs 6.45 cr into operating profit. The resulting 3.33% margin leaves limited operating buffer before interest of Rs 1.07 cr and depreciation of Rs 0.92 cr. Profit before tax was Rs 5.53 cr.
Other income was material to pre-tax profit
Other income of Rs 1.07 cr was equal to the reported interest expense and was meaningful relative to profit before tax of Rs 5.53 cr. The tax charge was Rs 1.4 cr at a 25.38% tax rate, leaving consolidated net profit of Rs 4.13 cr. With no comparison period provided, the quarter's earnings quality rests mainly on operating profit rather than a margin trend.
Results were filed after market close
The consolidated results were filed after market close on 6 August 2026. There is no market reaction to assess yet, so the immediate focus remains on whether the company can sustain operating profit above Rs 6.45 cr and improve conversion from revenue.
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 | ₹194 cr |
| Other income | ₹1 cr |
| Expenses | ₹187 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 3.33% |
| Interest | ₹1 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹6 cr |
| Tax | ₹1 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹2.55 |
What to watch
- Whether operating margin moves above or below 3.33% next quarter.
- Whether other income remains at Rs 1.07 cr or becomes a larger or smaller part of profit before tax.
- Whether net profit rises from Rs 4.13 cr without a lower tax rate than 25.38%.