Vikas Eco's Rs 2.00 cr profit leaned heavily on other income
Other income of Rs 3.05 cr was close to pre-tax profit, while operating margin stood at 2.01% in consolidated Q1FY27.
Filed 27 Aug 2026, 12:33 IST · VIKASECO (VIKASECO)
Key takeaways
- Consolidated net profit was Rs 2.00 cr, while other income of Rs 3.05 cr accounted for most of the Rs 3.26 cr pre-tax profit.
- Operating margin was only 2.01%, leaving a thin Rs 2.40 cr operating profit on Rs 119.15 cr of revenue.
- Tax of Rs 1.26 cr implied a 38.76% tax rate, further reducing operating profit to Rs 2.00 cr of net profit.
Other income carried most of pre-tax profit
Vikas Eco reported consolidated net profit of Rs 2.00 cr in Q1FY27, but the quality of earnings was mixed. Other income of Rs 3.05 cr was close to the Rs 3.26 cr pre-tax profit, while operating profit was Rs 2.40 cr. Interest of Rs 1.07 cr and depreciation of Rs 1.12 cr further reduced the contribution from operations.
The operating cushion remained thin
Revenue of Rs 119.15 cr left only Rs 2.40 cr of operating profit after Rs 116.75 cr of expenses. That translated into a 2.01% operating margin, giving the business limited room to absorb finance and depreciation costs. Tax of Rs 1.26 cr represented a 38.76% tax rate and reduced profit after tax to Rs 2.00 cr.
What to track in the next reported quarter
The key checks are whether operating margin moves above 2.01% and whether operating profit contributes more than Rs 2.40 cr to earnings. Investors can also assess whether other income remains near Rs 3.05 cr or becomes a smaller part of pre-tax profit.
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 | ₹119 cr |
| Other income | ₹3 cr |
| Expenses | ₹117 cr |
| Operating profit | ₹2 cr |
| Operating margin (%) | 2.01% |
| Interest | ₹1 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.01 |
What to watch
- Whether operating margin improves from 2.01%.
- Whether operating profit rises above Rs 2.40 cr.
- Whether other income remains close to Rs 3.05 cr.