GHCL posts 23.42% operating margin, 8.19 points above peer median
Standalone Q2FY27 profit was not driven mainly by other income, while the after-close filing leaves the market reaction pending.
Filed 31 Oct 2026, 14:35 IST · after market close · GHCL Ltd (GHCL)
Key takeaways
- GHCL's standalone operating margin was 23.42%, 8.19 percentage points above the 15.23% median for 57 reported commodities peers.
- Standalone net profit was Rs 127.42 cr on EPS of Rs 14.02, while other income of Rs 13.23 cr was small relative to pre-tax profit of Rs 172.29 cr.
- The results were filed after market close on 31 October 2026, so there is no post-results share-price reaction to assess yet.
Price around the results
Margin leads the commodities peer set
GHCL reported standalone revenue of Rs 808.03 cr and operating profit of Rs 189.23 cr, translating into a 23.42% operating margin. That was 8.19 percentage points above the 15.23% median among 57 commodities peers that had reported the quarter.
Other income was not the main profit driver
Other income contributed Rs 13.23 cr against pre-tax profit of Rs 172.29 cr, so reported profit was not dominated by non-operating income. Interest of Rs 1.52 cr and depreciation of Rs 28.65 cr reduced operating profit before tax, while the tax rate was 26.04%.
After-close filing leaves the stock response open
GHCL filed these standalone results after market close on 31 October 2026. With no market reaction yet, the quarter's immediate trading response cannot be compared with the stock's past results-day moves.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹808 cr |
| Other income | ₹13 cr |
| Expenses | ₹619 cr |
| Operating profit | ₹189 cr |
| Operating margin (%) | 23.42% |
| Interest | ₹2 cr |
| Depreciation | ₹29 cr |
| Profit before tax | ₹172 cr |
| Tax | ₹45 cr |
| Net profit | ₹127 cr |
| EPS (₹) | ₹14.02 |
Operating margin of 23.42% compares with a Commodities sector median of 15.23% across 57 peers that have reported Q2FY27.
What to watch
- Whether standalone operating margin holds above 23.42%.
- Whether other income remains modest relative to Rs 172.29 cr of pre-tax profit.
- Whether the tax rate stays near 26.04%.