UMIYA-MRO's negative tax line lifts Q2 net profit above pre-tax profit
Interest and depreciation reduced operating-profit conversion, while the results were filed after market close on 12 October.
Filed 12 Oct 2026, 17:48 IST · after market close · UMIYA-MRO (UMIYA-MRO)
Key takeaways
- A Rs 0.45 cr tax credit lifted consolidated Q2FY27 net profit to Rs 1.85 cr, above profit before tax of Rs 1.40 cr.
- Interest of Rs 3.01 cr and depreciation of Rs 1.47 cr absorbed much of the Rs 5.62 cr operating profit.
- The 29.92% operating margin did not translate into similar pre-tax profitability, while other income was only Rs 0.25 cr.
Price around the results
Tax credit drives the reported profit
UMIYA-MRO reported consolidated revenue of Rs 18.79 cr and operating profit of Rs 5.62 cr for Q2FY27. Net profit reached Rs 1.85 cr after a negative tax line of Rs 0.45 cr, making the reported profit higher than profit before tax. This makes the tax credit an important part of the quarter's earnings quality.
Financing and depreciation weigh on operating-profit conversion
The 29.92% operating margin provided a sizeable operating-profit base, but interest of Rs 3.01 cr and depreciation of Rs 1.47 cr reduced what remained before tax. Other income of Rs 0.25 cr was not large enough to be the main explanation for the result. No cost-growth or margin-change drivers were reported for a quarter-on-quarter or year-on-year comparison.
Results filed after market close
The consolidated results were filed at 17:48 IST on 12 October 2026, after the market close. There is therefore no immediate post-results stock reaction to assess in this note.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹19 cr |
| Other income | ₹0 cr |
| Expenses | ₹13 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 29.92% |
| Interest | ₹3 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹-0 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.99 |
What to watch
- Whether the tax line remains a credit rather than becoming a charge after the reported -32.49% tax rate.
- Whether operating margin holds around 29.92% while interest stays below Rs 3.01 cr.
- Whether depreciation remains close to Rs 1.47 cr and operating profit converts more fully into pre-tax profit.