Bhageria’s Q2 operating margin topped commodity peers by 3.95 points
The consolidated result was filed after market close, with depreciation, interest and tax the main deductions below operating profit.
Filed 28 Oct 2026, 18:58 IST · after market close · Bhageria Industries Ltd (BHAGERIA)
Key takeaways
- Bhageria’s consolidated operating margin was 18.58%, 3.95 percentage points above the 14.63% median for 35 reporting commodity peers.
- Other income of Rs 3.99 cr was modest against Rs 75.64 cr of consolidated pre-tax profit, so the quarter’s earnings were mainly operating in origin.
- A 26.30% consolidated tax rate reduced operating profit of Rs 84.67 cr to net profit of Rs 55.75 cr after Rs 10.39 cr depreciation and Rs 2.63 cr interest.
Price around the results
Operating margin led Bhageria’s Q2FY27 result
Bhageria’s consolidated operating margin of 18.58% translated into operating profit of Rs 84.67 cr on revenue of Rs 455.7 cr. Expenses were Rs 371.03 cr, while depreciation of Rs 10.39 cr and interest of Rs 2.63 cr reduced the operating contribution before tax. The result was filed after market close on 28 Oct 2026.
Reported profit was mainly operating in origin
Other income of Rs 3.99 cr was not a large contributor relative to pre-tax profit of Rs 75.64 cr, limiting the role of non-operating income in the reported result. Tax at 26.30% brought net profit to Rs 55.75 cr, with EPS at Rs 12.81.
Margin stood above the commodity peer median
Bhageria’s 18.58% operating margin was 3.95 percentage points above the 14.63% median among 35 commodities-sector peers that had reported the same quarter. This places the company above the sector reference point on operating profitability for Q2FY27.
No immediate market reaction to the after-close filing
The consolidated results were filed at 18:58 IST, after market close. The stock’s response will be assessed against the next trading session rather than the filing-day move.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹456 cr |
| Other income | ₹4 cr |
| Expenses | ₹371 cr |
| Operating profit | ₹85 cr |
| Operating margin (%) | 18.58% |
| Interest | ₹3 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹76 cr |
| Tax | ₹20 cr |
| Net profit | ₹56 cr |
| EPS (₹) | ₹12.81 |
Operating margin of 18.58% compares with a Commodities sector median of 14.63% across 35 peers that have reported Q2FY27.
What to watch
- Whether consolidated operating margin remains above 18.58% in the next reported quarter.
- Whether other income remains a limited contributor relative to Rs 75.64 cr of pre-tax profit.
- How the next quarter’s tax rate compares with 26.30%.