9.08% operating margin leaves limited cushion after finance and depreciation costs
Interest of Rs 3.18 cr and depreciation of Rs 5.09 cr brought profit before tax to Rs 11.56 cr; the consolidated results were filed after market close.
Filed 31 Jul 2026, 15:43 IST · after market close · XPROINDIA (XPROINDIA)
Key takeaways
- Consolidated operating profit of Rs 15.84 cr translated into a 9.08% operating margin, leaving limited conversion of revenue into operating earnings.
- Interest of Rs 3.18 cr and depreciation of Rs 5.09 cr reduced profit before tax to Rs 11.56 cr after operating profit.
- Other income of Rs 3.99 cr supplemented pre-tax earnings, while tax of Rs 3.93 cr brought net profit to Rs 7.63 cr.
Operating profit conversion remained modest
XPROINDIA reported consolidated revenue of Rs 174.42 cr and operating profit of Rs 15.84 cr, translating into a 9.08% operating margin. The quarter’s main read is the limited conversion of revenue into operating earnings before finance costs, depreciation and tax.
Finance and depreciation weighed below operating profit
Interest of Rs 3.18 cr and depreciation of Rs 5.09 cr reduced operating profit to profit before tax of Rs 11.56 cr. Other income of Rs 3.99 cr supplemented pre-tax earnings, while tax of Rs 3.93 cr reduced net profit to Rs 7.63 cr.
Results were filed after market close
The consolidated results were filed after market close, so there is no post-filing stock reaction to assess in this note. The next quarter’s focus is whether operating profitability improves from the 9.08% margin and whether below-operating-line charges remain at current levels.
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 | ₹174 cr |
| Other income | ₹4 cr |
| Expenses | ₹159 cr |
| Operating profit | ₹16 cr |
| Operating margin (%) | 9.08% |
| Interest | ₹3 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹4 cr |
| Net profit | ₹8 cr |
| EPS (₹) | ₹3.38 |
What to watch
- Whether operating margin holds above 9.08%.
- Whether interest and depreciation remain close to Rs 3.18 cr and Rs 5.09 cr.
- Whether other income continues to supplement operating profit from its Rs 3.99 cr level.