Esab India’s 18.80% margin beats the Industrials peer median
The standalone Q1FY27 filing came after market close, while limited other income and interest kept reported profit primarily operational.
Filed 11 Aug 2026, 21:22 IST · after market close · Esab India Ltd (ESABINDIA)
Key takeaways
- Esab India’s standalone operating margin of 18.80% was 4.87 percentage points above the 112-peer Industrials median.
- Other income of Rs 1.78 cr was small relative to standalone pre-tax profit of Rs 76.03 cr, leaving operations as the main profit source.
- Standalone net profit was Rs 56.14 cr after a Rs 19.89 cr tax charge at a 26.16% tax rate.
Price around the results
Operating margin clears 112-peer Industrials benchmark
Esab India reported a standalone operating margin of 18.80% in Q1FY27, 4.87 percentage points above the 13.93% median for 112 Industrials peers that have reported the same quarter. This places the company above the sector midpoint on operating profitability, although no quarterly comparison is available here to establish the direction of the margin.
Profit was mainly generated by operations
Other income of Rs 1.78 cr and interest of Rs 0.30 cr were limited relative to standalone profit before tax of Rs 76.03 cr, so non-operating items were not the main source of earnings. Net profit of Rs 56.14 cr followed a tax charge of Rs 19.89 cr at a 26.16% tax rate.
Results filed after market close
Esab India filed these standalone Q1FY27 results after market close. No post-results stock reaction is included yet, so the immediate market response cannot be assessed.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹421 cr |
| Other income | ₹2 cr |
| Expenses | ₹342 cr |
| Operating profit | ₹79 cr |
| Operating margin (%) | 18.80% |
| Interest | ₹0 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹76 cr |
| Tax | ₹20 cr |
| Net profit | ₹56 cr |
| EPS (₹) | ₹36.48 |
Operating margin of 18.80% compares with a Industrials sector median of 13.93% across 112 peers that have reported Q1FY27.
What to watch
- Whether operating margin remains above 18.80% in the next reported quarter.
- Whether other income stays close to Rs 1.78 cr relative to operating profit.
- Whether the tax rate moves materially from 26.16%.