Man Infra posts 32.76% operating margin in Q1FY27
The consolidated margin was 19.47 percentage points above the sector median, while other income added Rs 21.54 cr to pre-tax profit.
Filed 12 Aug 2026, 13:57 IST · Man Infraconstruction Ltd (MANINFRA)
Key takeaways
- Consolidated operating margin was 32.76%, 19.47 percentage points above the Consumer Discretionary median across 156 reported peers.
- Other income of Rs 21.54 cr was a material part of consolidated profit before tax of Rs 84.62 cr.
- Consolidated net profit was Rs 62.74 cr, with EPS of Rs 1.77 and a tax rate of 25.85%.
Price around the results
Operating margin outpaced the sector
Man Infraconstruction's consolidated Q1FY27 operating profit of Rs 71.52 cr on revenue of Rs 218.31 cr produced a 32.76% margin. That was 19.47 percentage points above the 13.29% median for the 156 Consumer Discretionary peers that had reported the quarter.
Other income was material to reported profit
Other income of Rs 21.54 cr formed a meaningful part of consolidated profit before tax of Rs 84.62 cr, so reported earnings included a notable non-operating contribution. Tax was Rs 21.88 cr at a 25.85% rate, making the tax line another important part of the bridge to net profit.
Below operating profit, interest and depreciation were smaller deductions
Interest of Rs 5.31 cr and depreciation of Rs 3.12 cr were both smaller deductions than tax of Rs 21.88 cr below operating profit. This left consolidated net profit at Rs 62.74 cr, or EPS of Rs 1.77.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹218 cr |
| Other income | ₹22 cr |
| Expenses | ₹147 cr |
| Operating profit | ₹72 cr |
| Operating margin (%) | 32.76% |
| Interest | ₹5 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹85 cr |
| Tax | ₹22 cr |
| Net profit | ₹63 cr |
| EPS (₹) | ₹1.77 |
Operating margin of 32.76% compares with a Consumer Discretionary sector median of 13.29% across 156 peers that have reported Q1FY27.
What to watch
- Whether operating margin remains around 32.76% on the next reported revenue figure.
- Other income relative to Rs 21.54 cr and profit before tax of Rs 84.62 cr.
- Whether the tax rate moves from 25.85% as net profit is tracked against profit before tax.