Kalyani Steels reports Rs 68.25 cr profit as shares fall 3.66%
The 19.66% operating margin was 5.16 percentage points above the Industrials peer median, though other income contributed Rs 15.8 cr.
Filed 07 Aug 2026, 13:45 IST · Kalyani Steels Ltd (KSL)
Key takeaways
- Consolidated Q1FY27 net profit was Rs 68.25 cr, but Rs 15.8 cr of other income meant the result was not entirely operating-led.
- Operating margin was 19.66%, 5.16 percentage points above the 14.5% median for 82 Industrials peers that had reported.
- The stock fell 3.66% on the filing day as traded volume reached 2.99x its reference level.
Price around the results
Other income supported the consolidated profit
Kalyani Steels generated Rs 91.36 cr of operating profit from Rs 464.58 cr of revenue in Q1FY27, while net profit was Rs 68.25 cr and EPS was Rs 15.63. Other income of Rs 15.8 cr was a material contributor to the Rs 91.83 cr profit before tax, so the quarter was not entirely operating-led. The reported tax rate was 25.68%.
Operating margin stayed above the Industrials peer median
Kalyani Steels' 19.66% operating margin was 5.16 percentage points above the 14.5% median among 82 Industrials companies that had reported the same quarter. That comparison places the company above the sector midpoint, although the available quarter does not show how revenue and expenses moved against an earlier period.
The initial market response was negative
The stock fell 3.66% on the filing day, with volume at 2.99x its reference level. The move came despite an operating margin that was above the reported Industrials peer median.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹465 cr |
| Other income | ₹16 cr |
| Expenses | ₹373 cr |
| Operating profit | ₹91 cr |
| Operating margin (%) | 19.66% |
| Interest | ₹2 cr |
| Depreciation | ₹14 cr |
| Profit before tax | ₹92 cr |
| Tax | ₹24 cr |
| Net profit | ₹68 cr |
| EPS (₹) | ₹15.63 |
Operating margin of 19.66% compares with a Industrials sector median of 14.50% across 82 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.66% | -3.39% |
Volume on the results session was 2.99× its 20-day average.
What to watch
- Whether operating margin holds above 19.66% while expenses remain below Rs 373.22 cr.
- Whether other income remains near Rs 15.8 cr or operating profit contributes more of profit before tax.
- Whether trading volume stays near or below the 2.99x level seen on the filing day.