Standalone profit came almost entirely from Rs 317.73 cr other income
Core operations posted a Rs 1.30 cr loss, while the 0.00% tax rate left net profit equal to profit before tax.
Filed 10 Aug 2026, 18:42 IST · after market close · VARDMNPOLY (VARDMNPOLY)
Key takeaways
- The standalone company reported a Rs 1.30 cr operating loss as expenses of Rs 62.05 cr exceeded revenue of Rs 60.75 cr.
- Other income of Rs 317.73 cr exceeded profit before tax of Rs 311.19 cr, making reported profit dependent on non-operating income.
- Net profit was Rs 311.19 cr with a 0.00% tax rate, producing EPS of Rs 6.44.
Other income overwhelmed the operating result
The standalone company’s Rs 311.19 cr profit before tax was generated despite a Rs 1.30 cr operating loss. Other income of Rs 317.73 cr was larger than profit before tax, so the headline profit does not reflect earnings from core operations.
Revenue did not cover the cost base
Revenue of Rs 60.75 cr fell short of expenses of Rs 62.05 cr, resulting in a -2.14% operating margin. Interest of Rs 3.52 cr and depreciation of Rs 1.72 cr were additional charges below operating profit, while the 0.00% tax rate left net profit equal to profit before tax.
Results were filed after market close
The company filed these standalone Q1FY27 results after market close on 10 August 2026. The quarter’s reported earnings therefore need to be read alongside the unusually large contribution from other income.
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 | ₹61 cr |
| Other income | ₹318 cr |
| Expenses | ₹62 cr |
| Operating profit | ₹-1 cr |
| Operating margin (%) | -2.14% |
| Interest | ₹4 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹311 cr |
| Tax | ₹0 cr |
| Net profit | ₹311 cr |
| EPS (₹) | ₹6.44 |
What to watch
- Whether operating margin improves from -2.14%.
- Whether other income remains a material contributor relative to Rs 311.19 cr profit before tax.
- Whether the tax rate remains at 0.00%.