Maithan Alloys posts Rs 70.68 cr loss despite operating profit
A -Rs 158.96 cr other-income charge more than erased operating profit of Rs 106.31 cr in the consolidated quarter.
Filed 04 Aug 2026, 19:51 IST · after market close · MAITHANALL (MAITHANALL)
Key takeaways
- Maithan Alloys reported a consolidated net loss of Rs 70.68 cr despite operating profit of Rs 106.31 cr.
- Negative other income of -Rs 158.96 cr more than offset operating profit and pushed profit before tax to a loss of Rs 72.32 cr.
- The consolidated operating margin was 19.01%, but the tax credit of Rs 1.64 cr did little to offset the reported loss.
Operating profit did not translate into reported earnings
Maithan Alloys remained profitable at the operating level, with consolidated operating profit of Rs 106.31 cr and an operating margin of 19.01%. The earnings bridge then turned negative: other income was -Rs 158.96 cr, while interest and depreciation were Rs 14.03 cr and Rs 5.64 cr respectively. That left profit before tax at -Rs 72.32 cr and net profit at -Rs 70.68 cr.
The quarter's earnings quality was dominated by other income
The reported loss was driven mainly by the negative other-income line, not by an operating loss. The Rs 1.64 cr negative tax line represents a tax credit, but it was too small to materially change the outcome. Basic EPS was Rs -24.21, reflecting the gap between positive operating profit and the final reported result.
Results were filed after market close
These are consolidated Q4FY26 results for the quarter ended 31 March 2026. The filing was made after market close, so there is no market reaction to assess in this note.
Q4FY26 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹559 cr |
| Other income | ₹-159 cr |
| Expenses | ₹453 cr |
| Operating profit | ₹106 cr |
| Operating margin (%) | 19.01% |
| Interest | ₹14 cr |
| Depreciation | ₹6 cr |
| Profit before tax | ₹-72 cr |
| Tax | ₹-2 cr |
| Net profit | ₹-71 cr |
| EPS (₹) | ₹-24.21 |
What to watch
- Whether operating margin remains around 19.01% in the next quarter.
- Whether other income moves back from -Rs 158.96 cr.
- Whether interest stays near Rs 14.03 cr while operating profit remains positive.