Zero tax made Indorama's Q1 net profit equal to pre-tax profit
Operating profit was Rs 101.57 cr on revenue of Rs 936.64 cr, while interest expense was Rs 29.38 cr.
Filed 29 Jul 2026, 17:16 IST · after market close · INDORAMA (INDORAMA)
Key takeaways
- Consolidated operating profit of Rs 101.57 cr translated into a 10.84% operating margin in Q1FY27.
- Net profit was Rs 63.74 cr, equal to profit before tax because the reported tax rate was 0.00%.
- Other income contributed Rs 3.56 cr, while interest expense stood at Rs 29.38 cr.
Q1FY27 delivered a 10.84% operating margin
Indorama reported consolidated revenue of Rs 936.64 cr and operating profit of Rs 101.57 cr in Q1FY27. The operating margin of 10.84% shows that the business retained roughly a tenth of revenue before interest, depreciation and tax.
Zero tax lifted profit conversion
Net profit of Rs 63.74 cr was the same as profit before tax because the reported tax rate was 0.00%. Interest expense of Rs 29.38 cr was a significant charge against operating profit, while other income added Rs 3.56 cr to pre-tax earnings.
The results were filed after market close
The consolidated results were filed at 17:16 IST on 29 July 2026, after the market closed. The stock's post-results reaction is therefore not covered here.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹937 cr |
| Other income | ₹4 cr |
| Expenses | ₹835 cr |
| Operating profit | ₹102 cr |
| Operating margin (%) | 10.84% |
| Interest | ₹29 cr |
| Depreciation | ₹12 cr |
| Profit before tax | ₹64 cr |
| Tax | ₹0 cr |
| Net profit | ₹64 cr |
| EPS (₹) | ₹2.44 |
What to watch
- Whether operating margin moves from the Q1FY27 level of 10.84%.
- Whether the reported tax rate remains at 0.00%.
- Whether interest expense stays below the Q1FY27 level of Rs 29.38 cr.