Chembond's 9.79% margin trails the Commodities peer median
The consolidated quarter produced Rs 4.30 cr of net profit, with negative other income and a 37.83% tax rate offering no earnings lift.
Filed 30 Oct 2026, 17:07 IST · after market close · Chembond Material Technologies Ltd (CHEMBOND)
Key takeaways
- Chembond’s consolidated operating margin was 9.79%, 5.54 percentage points below the 15.33% median for 54 reported commodities peers.
- A negative other-income contribution of Rs 0.72 cr and a 37.83% tax rate reduced the quality of the Rs 4.30 cr consolidated net profit.
- Consolidated operating profit of Rs 8.73 cr translated into a 9.79% margin, while net profit was Rs 4.30 cr and EPS was Rs 3.20.
Price around the results
Operating margin sits well below the sector median
Chembond reported a 9.79% consolidated operating margin in Q2FY27, placing it 5.54 percentage points below the 15.33% median among 54 commodities peers that have reported. The company ranked 15th from the bottom on this measure, making margin the clearest weakness visible in the quarter.
Profit conversion was limited by below-operating items and tax
Operating profit of Rs 8.73 cr reduced to profit before tax of Rs 6.92 cr after interest of Rs 0.13 cr and depreciation of Rs 0.96 cr. Other income was negative at Rs 0.72 cr, so it did not support pre-tax profit. The 37.83% tax rate further reduced net profit to Rs 4.30 cr.
No quarter-on-quarter or year-on-year direction is available yet
The filing was made after market close on 30 October 2026, and there is no market reaction to report yet.
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 | ₹89 cr |
| Other income | ₹-1 cr |
| Expenses | ₹80 cr |
| Operating profit | ₹9 cr |
| Operating margin (%) | 9.79% |
| Interest | ₹0 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹7 cr |
| Tax | ₹3 cr |
| Net profit | ₹4 cr |
| EPS (₹) | ₹3.20 |
Operating margin of 9.79% compares with a Commodities sector median of 15.33% across 54 peers that have reported Q2FY27.
What to watch
- Whether consolidated operating margin improves from 9.79% toward the 15.33% peer median.
- Whether negative other income of Rs 0.72 cr recurs in the next quarter.
- Whether the tax rate moves from 37.83% as net profit conversion is reassessed.