CMPDI margin rises as costs fall faster, but revenue drops 41.78%
Standalone operating margin improved by 0.94 percentage points sequentially, while other income accounted for 14.14% of pre-tax profit.
Filed 20 Jul 2026, 22:02 IST · after market close · Central Mine Planning & Design Institute Ltd (CMPDI)
Key takeaways
- CMPDI's standalone revenue fell 41.78% sequentially in Q1FY27, but expenses fell faster at 42.53%, lifting operating margin by 0.94 percentage points.
- Other income contributed 14.14% of standalone pre-tax profit, while the tax rate rose 1.01 percentage points sequentially.
- The stock rose 4.44% in the first session after the results, although the move overlapped with a corporate action.
Price around the results
Revenue fell sharply, but operating profit held up better
CMPDI's standalone Q1FY27 revenue fell 41.78% sequentially, while operating profit declined 39.82%, a smaller fall than revenue. The result was filed after market close, so the first market reaction came in the following session.
Faster cost reduction supported the margin
Expenses fell 42.53%, faster than revenue, which expanded operating margin by 0.94 percentage points to 28.57% sequentially. Other income made up 14.14% of pre-tax profit, so reported earnings included a material non-operating contribution. The tax rate also rose by 1.01 percentage points, adding pressure to the conversion from pre-tax profit to net profit.
CMPDI remained well above the reported Industrials peer median
CMPDI's 28.57% operating margin was 21.12 percentage points above the 7.45% median for 11 Industrials companies that had reported the quarter. The quarter-on-quarter trend shows an improvement from 27.63% in Q4FY26, but the available series does not yet establish a multi-quarter direction.
Shares rose after the after-hours filing
The stock gained 4.44% on the first session after the results, including a 1.71% opening gap, and the subsequent return was 2.27%. Trading volume was 2.74 times the reference level, but a corporate-action overlap makes the move less clean as a results reaction; no historical reaction benchmark is available here.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 | Q4FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹481 cr | ₹827 cr | -41.78% |
| Other income | ₹23 cr | ₹27 cr | -14.98% |
| Expenses | ₹344 cr | ₹598 cr | -42.53% |
| Operating profit | ₹138 cr | ₹229 cr | -39.82% |
| Operating margin (%) | 28.57% | 27.63% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹8 cr | ₹9 cr | -16.33% |
| Profit before tax | ₹160 cr | ₹255 cr | -37.23% |
| Tax | ₹44 cr | ₹67 cr | -34.81% |
| Net profit | ₹116 cr | ₹188 cr | -38.09% |
| EPS (₹) | ₹1.63 | ₹2.63 | -38.02% |
Operating margin of 28.57% compares with a Industrials sector median of 7.45% across 11 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +4.44% | +4.65% |
| Next session | +2.27% | — |
Volume on the results session was 2.74× its 20-day average.
What to watch
- Whether revenue recovers from Rs 481.37 cr while operating margin holds above 28.57%.
- Whether other income remains below or above 14.14% of pre-tax profit.
- Whether the tax rate moves back from 27.39%.