Alkyl Amines margin drops 5.40 points as costs outpace revenue
Standalone net profit fell 31.13% QoQ, while other income contributed 11.95% of pre-tax profit.
Filed 03 Nov 2026, 13:16 IST · Alkyl Amines Chemicals Ltd (ALKYLAMINE)
Key takeaways
- Standalone operating margin fell 5.40 percentage points QoQ to 19.90% as revenue declined 7.02% while expenses fell only 0.29%.
- Standalone net profit dropped 31.13% QoQ to Rs 65.17 cr, with the tax rate rising 3.56 percentage points to 27.66%.
- Operating margin remained 5.72 percentage points above the 14.18% median for 92 reported Commodities peers.
Price around the results
Revenue decline translated into a steeper profit drop
Standalone revenue fell 7.02% QoQ to Rs 490.95 cr, but operating profit declined 26.88% to Rs 97.69 cr. The sharper profit decline reflects operating costs falling only 0.29%, leaving less revenue to absorb the cost base.
Tax and other income shaped reported profit
The tax rate rose 3.56 percentage points QoQ to 27.66%, adding to the pressure on net profit. Other income increased 15.81% and accounted for 11.95% of pre-tax profit, so reported earnings included a meaningful non-operating contribution. Interest also rose 12.82%, although it remained at Rs 0.44 cr.
Margin remains above the sector median, but fell sharply from Q1
The 19.90% standalone operating margin was 5.72 percentage points above the 14.18% median among 92 Commodities peers that had reported the quarter. It was nevertheless down from 25.30% in Q1FY27, marking a sharp sequential deterioration in operating performance.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹491 cr | ₹528 cr | -7.02% |
| Other income | ₹11 cr | ₹9 cr | +15.81% |
| Expenses | ₹393 cr | ₹394 cr | -0.29% |
| Operating profit | ₹98 cr | ₹134 cr | -26.88% |
| Operating margin (%) | 19.90% | 25.30% | — |
| Interest | ₹0 cr | ₹0 cr | +12.82% |
| Depreciation | ₹18 cr | ₹18 cr | +0.50% |
| Profit before tax | ₹90 cr | ₹125 cr | -27.74% |
| Tax | ₹25 cr | ₹30 cr | -17.04% |
| Net profit | ₹65 cr | ₹95 cr | -31.13% |
| EPS (₹) | ₹12.74 | ₹18.50 | -31.14% |
Operating margin of 19.90% compares with a Commodities sector median of 14.18% across 92 peers that have reported Q2FY27.
What to watch
- Whether standalone operating margin holds above 19.90% after the 5.40-point QoQ fall.
- Whether expenses continue to decline more slowly than revenue, after -0.29% versus -7.02% QoQ.
- Whether the tax rate moves down from 27.66% and other income's contribution falls from 11.95% of pre-tax profit.