Revenue fell 78.13% sequentially as operating margin lost 6.27 points
Consolidated net profit fell 92.88%, while other income exceeded pre-tax profit and accounted for 187.66% of it.
Filed 11 Aug 2026, 18:55 IST · after market close · VIKRAN (VIKRAN)
Key takeaways
- Consolidated revenue fell 78.13% sequentially, while expenses fell 76.53%, cutting operating margin by 6.27 percentage points.
- Other income equalled 187.66% of pre-tax profit, making the Rs 3.99 cr net profit dependent on non-operating income.
- Net profit fell 92.88% sequentially to Rs 3.99 cr even as interest expense declined 25.36%.
Sharp sequential contraction in Q1FY27 revenue
The consolidated Q1FY27 revenue decline of 78.13% was much steeper than the 76.53% fall in expenses versus Q4FY26. That mismatch reduced operating profit by 87.76% and pulled operating margin down from 14.24% to 7.97%, a 6.27 percentage-point decline. With no year-on-year comparison provided, the sequential change is the clearest read on momentum.
Other income dominated the reported profit
Other income rose 49.85% sequentially even as operating profit fell 87.76%. It was equivalent to 187.66% of pre-tax profit, so the Rs 3.99 cr consolidated net profit does not represent operating earnings alone. The lower tax rate helped at the margin, falling 1.62 percentage points to 26.52%, while interest expense declined 25.36%.
Results filed after market close
The company filed these consolidated results after market close on 11 Aug 2026.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 | Q4FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹142 cr | ₹647 cr | -78.13% |
| Other income | ₹10 cr | ₹7 cr | +49.85% |
| Expenses | ₹130 cr | ₹555 cr | -76.53% |
| Operating profit | ₹11 cr | ₹92 cr | -87.76% |
| Operating margin (%) | 7.97% | 14.24% | — |
| Interest | ₹15 cr | ₹20 cr | -25.36% |
| Depreciation | ₹1 cr | ₹1 cr | +5.83% |
| Profit before tax | ₹5 cr | ₹78 cr | -93.03% |
| Tax | ₹1 cr | ₹22 cr | -93.43% |
| Net profit | ₹4 cr | ₹56 cr | -92.88% |
| EPS (₹) | ₹0.15 | ₹2.17 | -93.09% |
What to watch
- Whether operating margin recovers from 7.97% after the 6.27 percentage-point sequential decline.
- Whether other income remains below the 187.66% share of pre-tax profit.
- Whether interest expense stays below the Rs 14.95 cr reported in Q1FY27.