Dollex Agrotech's 4.80% margin trails FMCG peer median
Interest and depreciation narrowed the path from Rs 3.73 cr of operating profit to Rs 1.77 cr of pre-tax profit.
Filed 04 Nov 2026, 16:15 IST · after market close · Dollex Agrotech Ltd (DOLLEX)
Key takeaways
- Standalone operating margin was 4.80%, leaving Dollex Agrotech below the Fast Moving Consumer Goods peer median of 10.69%.
- Interest of Rs 1.10 cr and depreciation of Rs 0.86 cr reduced operating profit of Rs 3.73 cr to pre-tax profit of Rs 1.77 cr.
- The company reported standalone net profit of Rs 1.28 cr and EPS of Rs 0.32, with no other income supporting earnings.
Price around the results
Operating margin remains below the FMCG peer set
Dollex Agrotech's standalone operating margin was 4.80%, or 5.89 percentage points below the 10.69% median for 52 Fast Moving Consumer Goods peers that have reported the quarter. Its margin ranked 13th from the bottom, placing the company in the lower part of the reported peer set.
Interest and depreciation absorbed much of operating profit
Operating profit of Rs 3.73 cr was followed by interest of Rs 1.10 cr and depreciation of Rs 0.86 cr before pre-tax profit reached Rs 1.77 cr. Other income was nil, so the quarter's earnings were not supported by non-operating income. The tax rate was 27.71%, resulting in net profit of Rs 1.28 cr.
Results were filed after market close
The standalone Q2FY27 results were filed after market close on 04 Nov 2026 at 16:15 IST. The filing provides no same-session market reaction to interpret.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹78 cr |
| Other income | ₹0 cr |
| Expenses | ₹74 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 4.80% |
| Interest | ₹1 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹2 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.32 |
Operating margin of 4.80% compares with a Fast Moving Consumer Goods sector median of 10.69% across 52 peers that have reported Q2FY27.
What to watch
- Whether operating margin improves from 4.80% toward the 10.69% peer median.
- Whether interest stays around Rs 1.10 cr as operating profit changes.
- Whether net profit remains supported without other income, which was nil this quarter.