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
- Standalone operating margin widened 1.44 percentage points QoQ to 30.22%, as expenses fell faster than revenue.
- Net profit declined 38.09% QoQ to Rs 116.27 cr as revenue fell 41.78%.
- Other income contributed 14.14% of pre-tax profit, while the tax rate rose 1.01 percentage points to 27.39%.
Price around the results
Revenue fell sharply after Q4, taking profit with it
CMPDI's standalone revenue fell 41.78% QoQ to Rs 481.37 cr, while operating profit declined 38.88% to Rs 145.45 cr. The smaller fall in operating profit than revenue reflects the improvement in operating margin, but net profit still dropped 38.09% to Rs 116.27 cr.
Faster cost decline lifted margin, but profit quality needs tracking
Expenses fell 42.96%, faster than the 41.78% revenue decline, widening operating margin by 1.44 percentage points to 30.22%. Other income accounted for 14.14% of pre-tax profit, while the 1.01 percentage-point rise in the tax rate to 27.39% partly reduced the benefit from the margin improvement.
CMPDI remained well above the Industrials margin median
Its 30.22% operating margin was 15.72 percentage points above the 14.5% median among 82 Industrials companies that had reported the quarter. The stock gained 4.44% on the reaction day, with volume at 2.74 times normal; a corporate action also overlapped that session, making the move less cleanly attributable to the results.
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 | ₹336 cr | ₹589 cr | -42.96% |
| Operating profit | ₹145 cr | ₹238 cr | -38.88% |
| Operating margin (%) | 30.22% | 28.78% | — |
| 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 30.22% compares with a Industrials sector median of 14.50% across 82 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +4.44% | +4.65% |
| Next session | +2.27% | — |
| 5 sessions | -4.14% | -3.10% |
Volume on the results session was 2.74× its 20-day average.
What to watch
- Whether operating margin holds above 30.22% after the Q1 revenue decline.
- Whether expenses continue to grow no faster than revenue after falling 42.96% QoQ.
- Whether other income remains near or below 14.14% of pre-tax profit.