Other income shaped TSF Investments’ Q1 profit as margin lagged peers
Operating profit of Rs 71.27 cr was supplemented by Rs 92.44 cr of other income, while the stock gained 1.95% on the filing day.
Filed 04 Aug 2026, 13:46 IST · Tsf Investments Ltd (TSFINV)
Key takeaways
- Consolidated net profit was Rs 124.95 cr, while other income of Rs 92.44 cr made a material contribution to pre-tax profit.
- Operating margin was 23.32%, 41.11 percentage points below the 64.43% median for 49 Financial Services peers that reported.
- The stock rose 1.95% on the results day, with traded volume at 1.5 times the reference level.
Price around the results
Profit included a sizeable non-operating contribution
TSF Investments reported consolidated net profit of Rs 124.95 cr on revenue of Rs 305.58 cr. Other income of Rs 92.44 cr was higher than operating profit of Rs 71.27 cr, so reported earnings were not driven by operations alone. The tax rate was 18.41%.
Operating margin remains well below the peer median
The company’s consolidated operating margin was 23.32%. That was 41.11 percentage points below the 64.43% median among 49 Financial Services companies that had reported the quarter. TSF Investments ranked fifth from the bottom on this measure.
Shares rose despite a negative opening gap
The stock gained 1.95% on the results day and outperformed the reference market move by 2.59%. It opened with a -0.73% gap, while volume was 1.5 times the reference level. There is no recent post-results reaction history in the available record to establish whether this move was typical for the stock.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹306 cr |
| Other income | ₹92 cr |
| Expenses | ₹234 cr |
| Operating profit | ₹71 cr |
| Operating margin (%) | 23.32% |
| Interest | ₹7 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹153 cr |
| Tax | ₹28 cr |
| Net profit | ₹125 cr |
| EPS (₹) | ₹5.50 |
Operating margin of 23.32% compares with a Financial Services sector median of 64.43% across 49 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +1.95% | +2.59% |
Volume on the results session was 1.50× its 20-day average.
What to watch
- Whether operating margin moves from 23.32% in the next reported quarter.
- Whether operating profit remains above the Rs 71.27 cr contribution from other income of Rs 92.44 cr.
- Whether the tax rate stays near 18.41%.