Gujarat Alkalies shares jump 9.06% as Q2 margin nears peer median
Consolidated operating margin was 12.52%, while Rs 55.27 cr of other income supported Rs 105.43 cr of pre-tax profit.
Filed 05 Nov 2026, 12:33 IST · Gujarat Alkalies & Chemicals Ltd (GUJALKALI)
Key takeaways
- Consolidated operating margin was 12.52%, just 0.33 percentage points below the 12.85% median for 126 reported commodities peers.
- Other income of Rs 55.27 cr was material relative to profit before tax of Rs 105.43 cr, making earnings quality an important consideration.
- The stock rose 9.06% on the results date, with traded volume at 171.27 times the reference level.
Price around the results
Operating profit held above the peer midpoint
The consolidated quarter generated Rs 169.92 cr of operating profit on revenue of Rs 1,357.50 cr, translating to a 12.52% operating margin. That was 0.33 percentage points below the 12.85% median among 126 commodities companies that had reported. Gujarat Alkalies ranked 62nd from the bottom on this measure.
Other income was a significant part of pre-tax profit
Other income of Rs 55.27 cr was material compared with profit before tax of Rs 105.43 cr, so the reported profit mix was not solely driven by operations. Interest of Rs 15.35 cr and depreciation of Rs 104.41 cr also reduced the conversion from operating profit to pre-tax profit. The tax rate was 21.68%.
Shares reacted sharply after the filing
The stock gained 9.06% on the results date, while the opening gap was 0.82%. Traded volume was 171.27 times the reference level, indicating unusually active market participation around the announcement.
Q2FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹1,358 cr |
| Other income | ₹55 cr |
| Expenses | ₹1,188 cr |
| Operating profit | ₹170 cr |
| Operating margin (%) | 12.52% |
| Interest | ₹15 cr |
| Depreciation | ₹104 cr |
| Profit before tax | ₹105 cr |
| Tax | ₹23 cr |
| Net profit | ₹83 cr |
| EPS (₹) | ₹11.24 |
Operating margin of 12.52% compares with a Commodities sector median of 12.85% across 126 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +9.06% | +6.66% |
Volume on the results session was 171.27× its 20-day average.
What to watch
- Whether operating margin moves above or below 12.52% and the 12.85% peer median.
- The relationship between other income of Rs 55.27 cr and profit before tax of Rs 105.43 cr.
- Whether the next results-day stock move differs from the current +9.06% reaction.