Other income drives VHL's Rs 98.08 cr consolidated profit
Operating margin was 93.07%, but most of pre-tax profit came from Rs 90.26 cr of other income rather than revenue.
Filed 06 Aug 2026, 11:54 IST · VHL (VHL)
Key takeaways
- Consolidated net profit was driven mainly by Rs 90.26 cr of other income against Rs 100.34 cr of profit before tax.
- Operating margin was 93.07%, as expenses were only Rs 0.75 cr against revenue of Rs 10.83 cr.
- The Rs 307.27 EPS reflects a consolidated net profit of Rs 98.08 cr and a tax rate of just 2.25%.
Profit was dominated by non-operating income
VHL reported consolidated revenue of Rs 10.83 cr and operating profit of Rs 10.08 cr in Q1FY27. Profit before tax reached Rs 100.34 cr because other income of Rs 90.26 cr was nearly as large as the pre-tax profit itself. This makes the quarter's earnings quality materially different from a result driven mainly by operating revenue.
Low expenses produced a 93.07% operating margin
Expenses were Rs 0.75 cr, leaving operating profit at Rs 10.08 cr and the operating margin at 93.07%. There was no interest or depreciation charge in the quarter. The 2.25% tax rate also limited the reduction from profit before tax to consolidated net profit of Rs 98.08 cr.
No sequential or yearly comparison is available
The reported quarter has no year-on-year or sequential comparison in the disclosed results, and there is no multi-quarter trend to assess. The key reference points for the next reported period are whether operating earnings remain supported by revenue of Rs 10.83 cr and whether other income stays close to Rs 90.26 cr.
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 | ₹11 cr |
| Other income | ₹90 cr |
| Expenses | ₹1 cr |
| Operating profit | ₹10 cr |
| Operating margin (%) | 93.07% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹100 cr |
| Tax | ₹2 cr |
| Net profit | ₹98 cr |
| EPS (₹) | ₹307.27 |
What to watch
- Whether other income remains close to Rs 90.26 cr.
- Whether operating margin remains near 93.07%.
- Whether the tax rate stays near 2.25%.