Profitability analysis

Consolidated Unit I (Sambhaji Nagar) + Unit II (Newasa) · FY2025-26 revenue ₹158.81 Cr · operating margin 8.5% · all P&L figures in Rs Lakh

Q1 revenue

₹3,717 L

+11.6% YoY

Material cost

₹2,690 L

-6.0% YoY

Operating profit

₹43 L

was ₹216 L

Profit before dep.

₹4 L

-97.6% YoY

What happened between the two quarters

Rs Lakh · profit-before-depreciation bridge

Revenue rose 11.6% but profit before depreciation fell 97.6% — the gain was absorbed by employee and other operating costs, not by materials.

Q1 (Apr–Jun) FY2025-26 vs FY2026-27

Rs Lakh

ParticularsQ1 FY25-26Q1 FY26-27ChangeChange %
Revenue from Operations3,330.433,716.83386.411.6%
Cost of Materials Consumed2,861.552,689.63-171.92-6.0%
Operating Profit (before fin/dep)216.2143.32-172.89-80.0%
Profit before Depreciation183.444.41-179.03-97.6%
Profit-before-dep margin %0.060-0.05-97.8%
Est. quarterly depreciation (1/4 of FY25-26 annual)179.27179.2700.0%
Estimated Profit after Depreciation4.17-174.86-179.03-4293.3%
  • Q1 FY26-27 profit is stated before depreciation — the monthly MIS books depreciation only at year-end.
  • At an estimated ₹179 L of quarterly depreciation, Q1 FY26-27 becomes an estimated ₹-175 L result versus ₹4 L a year earlier.