Interest and other income shaped Madras Fertilizers’ Q1FY27 profit
Standalone operating profit was Rs 52.60 cr, while Rs 15.35 cr of interest and Rs 12.45 cr of other income influenced profit before tax.
Filed 11 Aug 2026, 14:58 IST · MADRASFERT (MADRASFERT)
Key takeaways
- Standalone operating profit of Rs 52.60 cr translated into a 6.46% operating margin in Q1FY27.
- Interest expense of Rs 15.35 cr was a material deduction from operating profit before tax.
- Other income of Rs 12.45 cr supplemented the quarter's standalone profit before tax of Rs 46.08 cr.
Operating earnings were modest in Q1FY27
Madras Fertilizers reported standalone revenue of Rs 814.01 cr and operating profit of Rs 52.60 cr for Q1FY27. The resulting 6.46% operating margin indicates that only a limited portion of revenue converted into operating earnings. With no sequential or year-on-year comparison available, the quarter sets a current base rather than showing a measurable change in momentum.
Interest reduced the operating-to-pre-tax conversion
Interest expense of Rs 15.35 cr was a material deduction from operating profit of Rs 52.60 cr before tax. Depreciation added a further Rs 3.62 cr charge, leaving profit before tax at Rs 46.08 cr. The 24.93% tax rate then brought reported standalone net profit to Rs 34.59 cr.
Other income supplemented reported profit
Other income of Rs 12.45 cr formed part of the quarter's profit before tax, so reported earnings were not generated solely by operating activity. This makes the composition of profit important alongside the 6.46% operating margin. No management commentary or market reaction was provided with the quarter's data.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹814 cr |
| Other income | ₹12 cr |
| Expenses | ₹761 cr |
| Operating profit | ₹53 cr |
| Operating margin (%) | 6.46% |
| Interest | ₹15 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹46 cr |
| Tax | ₹11 cr |
| Net profit | ₹35 cr |
| EPS (₹) | ₹2.15 |
What to watch
- Whether standalone operating margin remains at 6.46% or changes in the next reported quarter.
- Whether other income remains near Rs 12.45 cr.
- Whether interest expense stays around Rs 15.35 cr relative to operating profit.