Galaxy Surfactants' margin trails commodity peers in Q1FY27
The consolidated operating margin was 3.57 percentage points below the 17.56% peer median, while earnings were not visibly reliant on other income.
Filed 13 Aug 2026, 18:04 IST · after market close · Galaxy Surfactants Ltd (GALAXYSURF)
Key takeaways
- Consolidated operating margin was 13.99%, 3.57 percentage points below the 17.56% median of 79 reporting commodity peers.
- Operating profit of Rs 249.2 cr converted to profit before tax of Rs 207.23 cr after Rs 35.97 cr depreciation and Rs 9.28 cr interest.
- Net profit was Rs 165.92 cr after a 19.93% tax rate, while other income was limited to Rs 3.28 cr.
Price around the results
Operating margin sits below the commodity peer median
Galaxy Surfactants reported consolidated revenue of Rs 1,781.9 cr and operating profit of Rs 249.2 cr in Q1FY27, translating to a 13.99% operating margin. That margin was 3.57 percentage points below the 17.56% median for 79 commodity companies that had reported the quarter. The company ranked 23rd from the bottom on this measure.
Depreciation and interest reduced operating-profit conversion
The gap between operating profit of Rs 249.2 cr and profit before tax of Rs 207.23 cr reflects Rs 35.97 cr of depreciation and Rs 9.28 cr of interest, partly offset by Rs 3.28 cr of other income. Net profit of Rs 165.92 cr followed a 19.93% tax rate. Other income was small relative to profit before tax, so reported earnings were not visibly dependent on that source.
After-close filing leaves the market response open
The company filed its consolidated results at 18:04 IST on 13 August 2026, after market close. The stock response is therefore yet to be observed.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,782 cr |
| Other income | ₹3 cr |
| Expenses | ₹1,533 cr |
| Operating profit | ₹249 cr |
| Operating margin (%) | 13.99% |
| Interest | ₹9 cr |
| Depreciation | ₹36 cr |
| Profit before tax | ₹207 cr |
| Tax | ₹41 cr |
| Net profit | ₹166 cr |
| EPS (₹) | ₹46.80 |
Operating margin of 13.99% compares with a Commodities sector median of 17.56% across 79 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves up from 13.99% toward the 17.56% commodity-sector median.
- Whether the gap between operating profit of Rs 249.2 cr and profit before tax of Rs 207.23 cr changes as depreciation and interest are tracked.
- Whether other income remains limited relative to profit before tax, starting from Rs 3.28 cr against Rs 207.23 cr.