Other income drives Maharashtra Seamless's Rs 266.4 cr Q1 profit
Operating margin was 2.26 percentage points above the Industrials peer median, but Rs 170.7 cr of other income was a major contributor to pre-tax profit.
Filed 07 Aug 2026, 17:03 IST · after market close · Maharashtra Seamless Ltd (MAHSEAMLES)
Key takeaways
- Other income of Rs 170.7 cr was a large contributor to consolidated pre-tax profit of Rs 322.41 cr, making profit quality a key issue.
- Consolidated operating margin of 16.76% was 2.26 percentage points above the 14.50% Industrials peer median across 82 reported companies.
- Consolidated net profit was Rs 266.4 cr and EPS was Rs 19.88 in results filed after market close.
Price around the results
Other income was central to the profit outcome
Other income of Rs 170.7 cr was close to the Rs 182.87 cr operating profit, so the reported Rs 266.4 cr consolidated net profit was not driven by operations alone. The 17.37% tax rate also needs to be read alongside this profit mix rather than in isolation.
Operating margin stood above the Industrials benchmark
Maharashtra Seamless reported a 16.76% consolidated operating margin, 2.26 percentage points above the 14.50% median for 82 Industrials companies that had reported the quarter. The comparison places its operating performance above the sector reference point, even as other income materially lifted pre-tax profit.
Results were filed after market close
The company filed its consolidated Q1FY27 results after market close on 07 Aug 2026 at 17:03 IST. This leaves the quarter's immediate market reaction outside the current review.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,091 cr |
| Other income | ₹171 cr |
| Expenses | ₹908 cr |
| Operating profit | ₹183 cr |
| Operating margin (%) | 16.76% |
| Interest | ₹1 cr |
| Depreciation | ₹31 cr |
| Profit before tax | ₹322 cr |
| Tax | ₹56 cr |
| Net profit | ₹266 cr |
| EPS (₹) | ₹19.88 |
Operating margin of 16.76% compares with a Industrials sector median of 14.50% across 82 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin holds above 16.76% in the next reported quarter.
- The level of other income relative to Rs 170.7 cr and its contribution to pre-tax profit.
- Whether the tax rate and EPS move from 17.37% and Rs 19.88, respectively.