Atlanta Electricals lifts Q4 operating margin to 20% as revenue jumps 58.45%
Slower expense growth, lower interest and a 10.65-point tax-rate decline drove the sequential profit increase.
Filed 09 May 2026, 18:06 IST · after market close · Atlanta Electricals Ltd (ATLANTAELE)
Key takeaways
- Q4 consolidated revenue grew +58.45% qoq while expenses grew +57.18%, lifting operating margin by 0.65 percentage points to 20.00%.
- Net profit rose +135.79% qoq, helped by a 10.65 percentage-point fall in the tax rate and a -22.17% decline in interest.
- Operating margin reached 20.00%, 4.34 percentage points above the 15.66% median for 71 reported Industrials peers.
Q4 revenue growth brought modest operating leverage
Consolidated revenue increased +58.45% qoq, while expenses grew slightly slower at +57.18%, allowing operating profit to rise +63.79%. That spread lifted operating margin by 0.65 percentage points to 20.00%.
Lower tax and interest amplified the profit increase
The tax rate fell 10.65 percentage points qoq to 22.45%, which flattered the conversion of pre-tax profit into net profit. Interest expense declined -22.17%, further supporting profit before tax. Other income was 5.65% of pre-tax profit, so earnings remained primarily operating in origin.
Operating margin reached a four-quarter high
Operating margin has increased each quarter from 15.48% in Q1FY26 to 16.39% in Q2FY26, 19.35% in Q3FY26 and 20.00% in Q4FY26. The latest margin was 4.34 percentage points above the 15.66% median among 71 Industrials companies that had reported the quarter.
Results were filed after market close
Atlanta Electricals filed its consolidated Q4FY26 results after market close on 09 May 2026. A post-results share-price reaction is therefore not part of this update.
Q4FY26 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q4FY26 | Q3FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹748 cr | ₹472 cr | +58.45% |
| Other income | ₹7 cr | ₹3 cr | +150.00% |
| Expenses | ₹598 cr | ₹381 cr | +57.18% |
| Operating profit | ₹150 cr | ₹91 cr | +63.79% |
| Operating margin (%) | 20.00% | 19.35% | — |
| Interest | ₹16 cr | ₹21 cr | -22.17% |
| Depreciation | ₹9 cr | ₹9 cr | +3.11% |
| Profit before tax | ₹132 cr | ₹65 cr | +103.40% |
| Tax | ₹30 cr | ₹21 cr | +37.97% |
| Net profit | ₹102 cr | ₹43 cr | +135.79% |
| EPS (₹) | ₹13.29 | ₹24.17 | -45.01% |
Operating margin of 20.00% compares with a Industrials sector median of 15.66% across 71 peers that have reported Q4FY26.
What to watch
- Whether operating margin holds above 20.00% after three consecutive quarterly increases.
- Whether the tax rate remains near 22.45% rather than returning to Q3FY26's 33.10%.
- Whether interest expense stays below Q3FY26's Rs 20.52 cr after falling -22.17% qoq.