Alkali Metals posts thin 4.73% operating margin in Q2FY27
Other income was close to pre-tax profit, while a zero tax rate allowed the full Rs 0.58 cr pre-tax profit to reach net profit.
Filed 12 Oct 2026, 14:27 IST · Alkali Metals Ltd (ALKALI)
Key takeaways
- Alkali Metals' standalone operating margin was limited to 4.73% in Q2FY27.
- Other income of Rs 0.47 cr was close to the Rs 0.58 cr profit before tax, making earnings quality a key issue.
- A 0.00% tax rate meant the entire Rs 0.58 cr profit before tax flowed into net profit.
Price around the results
Thin operating cushion in the standalone quarter
Alkali Metals reported standalone revenue of Rs 27.27 cr and operating profit of Rs 1.29 cr in Q2FY27. The 4.73% operating margin leaves limited room for pressure from financing costs and depreciation, which stood at Rs 0.47 cr and Rs 0.71 cr respectively.
Reported profit depended heavily on non-operating income
Other income of Rs 0.47 cr was close to the Rs 0.58 cr profit before tax, so the reported profit was not generated solely by operations. The 0.00% tax rate also meant there was no tax drag between pre-tax profit and the Rs 0.58 cr net profit.
No quarter-on-quarter or year-on-year trend signal
There is no sequential or year-on-year comparison in the reported set, and no multi-quarter trend is available for this quarter. The main numbers to track are whether operating performance improves from the 4.73% margin and whether profit remains supported by operating earnings rather than Rs 0.47 cr of other income.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹27 cr |
| Other income | ₹0 cr |
| Expenses | ₹26 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 4.73% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.56 |
What to watch
- Whether operating margin moves up from 4.73%.
- Whether other income remains near Rs 0.47 cr or becomes less material to profit before tax.
- Whether the tax rate stays at 0.00%.