Interest and depreciation leave Walchandnagar with Rs 1.18 cr PBT
Standalone operating profit of Rs 7.34 cr was more than offset by Rs 10.01 cr of interest and Rs 3.12 cr of depreciation.
Filed 11 Aug 2026, 18:14 IST · after market close · WALCHANNAG (WALCHANNAG)
Key takeaways
- Standalone profit before tax was only Rs 1.18 cr because Rs 10.01 cr of interest and Rs 3.12 cr of depreciation more than absorbed Rs 7.34 cr of operating profit.
- Zero tax allowed the full Rs 1.18 cr of pre-tax profit to flow into net profit, while other income of Rs 6.97 cr exceeded pre-tax profit.
- Revenue of Rs 90.83 cr left an operating margin of 8.08% after Rs 83.49 cr of expenses.
Interest outweighed operating profit
In its standalone Q1FY27 results, Rs 90.83 cr of revenue against Rs 83.49 cr of expenses produced Rs 7.34 cr of operating profit. Interest of Rs 10.01 cr alone exceeded operating profit, while depreciation added another Rs 3.12 cr charge. Profit before tax was consequently limited to Rs 1.18 cr, with EPS at Rs 0.17.
Other income and zero tax shaped reported profit
Other income of Rs 6.97 cr was larger than the reported pre-tax profit of Rs 1.18 cr, making the earnings mix an important part of the quarter's result. The zero tax rate meant net profit matched profit before tax at Rs 1.18 cr rather than being reduced by a tax charge.
Results were filed after market close
The company filed these standalone results after market close on 11 Aug 2026. The stock's post-results response is therefore not covered here.
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 | ₹91 cr |
| Other income | ₹7 cr |
| Expenses | ₹83 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 8.08% |
| Interest | ₹10 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.17 |
What to watch
- Whether operating profit can cover interest of Rs 10.01 cr.
- Whether operating margin improves from 8.08%.
- Whether net profit remains supported by zero tax and other income of Rs 6.97 cr.