Interest and tax left Manaksia Aluminium with Rs 1.35 cr profit
Operating margin was 10.99%, below the Commodities peer median, while the results were filed after market close.
Filed 12 Nov 2026, 19:39 IST · after market close · Manaksia Aluminium Company Ltd (MANAKALUCO)
Key takeaways
- Consolidated Q2FY27 net profit was Rs 1.35 cr, after interest of Rs 8.49 cr and depreciation of Rs 2.63 cr.
- The 10.99% operating margin was 1.41 percentage points below the 12.4% median for 149 reported Commodities peers.
- A 50.79% tax rate further limited the conversion of Rs 2.75 cr of profit before tax into net profit.
Price around the results
Operating profit did not translate into much net profit
Manaksia Aluminium reported consolidated revenue of Rs 124.77 cr and operating profit of Rs 13.71 cr in Q2FY27. Interest of Rs 8.49 cr and depreciation of Rs 2.63 cr substantially reduced the amount left before tax, which was Rs 2.75 cr. Other income was only Rs 0.16 cr, so it did not materially support pre-tax profit.
Tax added another drag on earnings conversion
The 50.79% tax rate absorbed a large share of profit before tax, leaving net profit at Rs 1.35 cr. EPS was Rs 0.21. With no year-on-year or sequential comparison provided, the main read-through is the low conversion from operating profit to reported earnings.
Margin trails the reported Commodities peer median
The company's 10.99% operating margin was 1.41 percentage points below the 12.4% median among 149 Commodities peers that had reported the same quarter. It ranked 67th from the bottom on this comparison, placing its margin below the sector midpoint.
No market reaction is available yet
The consolidated results were filed after market close on 12 Nov 2026. The filing therefore came before the stock's market response could be assessed.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹125 cr |
| Other income | ₹0 cr |
| Expenses | ₹111 cr |
| Operating profit | ₹14 cr |
| Operating margin (%) | 10.99% |
| Interest | ₹8 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.21 |
Operating margin of 10.99% compares with a Commodities sector median of 12.40% across 149 peers that have reported Q2FY27.
What to watch
- Whether operating margin improves from 10.99%.
- Whether interest remains close to Rs 8.49 cr relative to operating profit.
- Whether the tax rate moves below 50.79%.