Annu Projects posts 20.39% operating margin in Q1FY27
Interest and depreciation cut operating profit of Rs 4.06 cr to Rs 2.24 cr before tax, while the margin stayed above the Industrials peer median.
Filed 23 Sep 2026, 13:03 IST · Annu Projects Ltd (ANNU)
Key takeaways
- Standalone Q1FY27 operating profit of Rs 4.06 cr was reduced to Rs 1.27 cr net profit after Rs 1.29 cr interest, Rs 0.99 cr depreciation and a 43.32% tax rate.
- Annu Projects’ 20.39% operating margin was 8.5 percentage points above the 11.89% median for 284 Industrials peers reporting the quarter.
- The stock fell 2.09% on the filing day and 10.98% by the fifth session, with a -7.95% relative return by then.
Price around the results
Interest and tax cut into standalone Q1 earnings
Annu Projects generated Rs 4.06 cr of operating profit, but Rs 1.29 cr of interest and Rs 0.99 cr of depreciation brought profit before tax to Rs 2.24 cr. Tax of Rs 0.97 cr represented a 43.32% tax rate, leaving net profit at Rs 1.27 cr and EPS at Rs 0.27. Other income of Rs 0.46 cr also formed part of the pre-tax result, so profit was not entirely generated by operations.
Operating margin stood above the Industrials peer median
The 20.39% operating margin was 8.5 percentage points above the 11.89% median among 284 Industrials companies that had reported the same quarter.
Shares weakened after the filing
The stock declined 2.09% on the filing day, with the move extending to 8.07% by the next session and 10.98% by the fifth session. Its relative return was -2.59% on the filing day and -7.95% by the fifth session.
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 | ₹20 cr |
| Other income | ₹0 cr |
| Expenses | ₹16 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 20.39% |
| Interest | ₹1 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹1 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.27 |
Operating margin of 20.39% compares with a Industrials sector median of 11.89% across 284 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -2.09% | -2.59% |
| Next session | -8.07% | — |
| 5 sessions | -10.98% | -7.95% |
Volume on the results session was 1.22× its 20-day average.
What to watch
- Whether standalone operating margin remains above 20.39%.
- Whether the tax rate moves below or above 43.32%.
- Whether interest remains close to Rs 1.29 cr as operating profit changes.