Q1 margin trails Industrials median as Man Industries files after close
Consolidated operating margin was 13.62%, 0.31 percentage points below the 13.93% median for 112 reporting peers.
Filed 11 Aug 2026, 19:29 IST · after market close · Man Industries (India) Ltd (MANINDS)
Key takeaways
- Consolidated operating margin was 13.62%, 0.31 percentage points below the 13.93% median for 112 Industrials peers.
- Interest of Rs 39.96 cr and depreciation of Rs 29.84 cr reduced operating profit of Rs 143.43 cr to pre-tax profit of Rs 85.46 cr.
- After Rs 24.02 cr of tax, consolidated net profit was Rs 61.45 cr and EPS was Rs 8.19.
Price around the results
Operating margin sits below the peer median
Man Industries reported a consolidated operating margin of 13.62%, below the 13.93% median across 112 Industrials companies that have reported the quarter. Its margin was 0.31 percentage points below that benchmark and ranked 56th from the bottom.
Interest and depreciation narrowed profit conversion
Operating profit of Rs 143.43 cr was reduced by Rs 39.96 cr of interest and Rs 29.84 cr of depreciation, leaving profit before tax at Rs 85.46 cr. Other income of Rs 11.83 cr was also part of pre-tax profit, so reported earnings included a non-operating component. Tax of Rs 24.02 cr then brought net profit to Rs 61.45 cr.
Results were filed after market close
The company filed these consolidated Q1FY27 results at 19:29 IST on 11 August 2026, after market close. The filing provides no same-day market reaction to assess.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,053 cr |
| Other income | ₹12 cr |
| Expenses | ₹910 cr |
| Operating profit | ₹143 cr |
| Operating margin (%) | 13.62% |
| Interest | ₹40 cr |
| Depreciation | ₹30 cr |
| Profit before tax | ₹85 cr |
| Tax | ₹24 cr |
| Net profit | ₹61 cr |
| EPS (₹) | ₹8.19 |
Operating margin of 13.62% compares with a Industrials sector median of 13.93% across 112 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin holds above 13.62% and narrows the 0.31-point gap to the peer median.
- Whether interest remains around Rs 39.96 cr as operating profit converts into pre-tax profit.
- Whether other income remains near Rs 11.83 cr within reported pre-tax profit.