Ashapura Minechem's 11.22% margin trails 62-peer Commodities median
Consolidated Q1FY27 net profit was Rs 108.31 cr, while interest and depreciation narrowed operating profit before tax.
Filed 07 Aug 2026, 19:12 IST · after market close · Ashapura Minechem Ltd (ASHAPURMIN)
Key takeaways
- Consolidated Q1FY27 net profit was Rs 108.31 cr on revenue of Rs 1,616.12 cr.
- Operating margin of 11.22% was 7.19 percentage points below the 18.41% median for 62 reported Commodities peers.
- Interest of Rs 28.87 cr and depreciation of Rs 36.72 cr reduced operating profit of Rs 181.3 cr to profit before tax of Rs 130.03 cr.
Price around the results
Operating profit narrowed before tax
On a consolidated basis, Ashapura Minechem reported revenue of Rs 1,616.12 cr and operating profit of Rs 181.3 cr in Q1FY27. Interest of Rs 28.87 cr and depreciation of Rs 36.72 cr brought profit before tax down to Rs 130.03 cr. Other income of Rs 14.32 cr partly offset these charges.
Margin sits well below the sector median
The 11.22% operating margin was 7.19 percentage points below the 18.41% median among 62 Commodities peers that had reported the quarter. Ashapura Minechem ranked eighth from the bottom on this measure, making operating efficiency the clearest relative weakness in the result.
Reported profit was not mainly other-income driven
Other income of Rs 14.32 cr was modest relative to profit before tax of Rs 130.03 cr, so non-operating income was not the main source of reported earnings. Net profit also reflects a reported tax rate of 16.7%. The results were filed after market close on 7 Aug 2026.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,616 cr |
| Other income | ₹14 cr |
| Expenses | ₹1,435 cr |
| Operating profit | ₹181 cr |
| Operating margin (%) | 11.22% |
| Interest | ₹29 cr |
| Depreciation | ₹37 cr |
| Profit before tax | ₹130 cr |
| Tax | ₹22 cr |
| Net profit | ₹108 cr |
| EPS (₹) | ₹12.07 |
Operating margin of 11.22% compares with a Commodities sector median of 18.41% across 62 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves from 11.22% in the next reported quarter.
- Whether interest remains near Rs 28.87 cr as operating profit changes.
- Whether other income remains near Rs 14.32 cr relative to profit before tax of Rs 130.03 cr.