Rain's Q1FY27 operating margin trails commodity peer median by 0.30 points
Operations contributed far more than other income, but interest and depreciation materially reduced the conversion from operating profit to profit before tax.
Filed 06 Aug 2026, 20:36 IST · after market close · Rain Industries Ltd (RAIN)
Key takeaways
- Rain's consolidated operating margin was 18.66%, 0.30 percentage points below the 56-peer Commodities median.
- Operating profit of Rs 964.04 cr was reduced by interest of Rs 251.37 cr and depreciation of Rs 244.66 cr to profit before tax of Rs 501.07 cr.
- Rain reported consolidated net profit of Rs 340.99 cr after Rs 160.08 cr of tax, with EPS at Rs 8.81.
Price around the results
Margin sits just below the commodity peer median
Rain's consolidated operating margin was 18.66%, against a 18.96% median for 56 Commodities peers that have reported the quarter. The 0.30 percentage-point gap places the company at rank 29 from the bottom among the reported peer set.
Interest and depreciation weighed on profit conversion
Operating profit of Rs 964.04 cr was the main earnings source, well above other income of Rs 33.06 cr. Interest of Rs 251.37 cr and depreciation of Rs 244.66 cr materially reduced operating profit to profit before tax of Rs 501.07 cr. Tax was Rs 160.08 cr at a 31.95% tax rate, leaving consolidated net profit of Rs 340.99 cr.
Results were filed after market close
Rain filed the consolidated Q1FY27 results at 20:36 IST on 6 August 2026, after the market closed. The reported quarter therefore does not yet include an in-session market response.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹5,167 cr |
| Other income | ₹33 cr |
| Expenses | ₹4,203 cr |
| Operating profit | ₹964 cr |
| Operating margin (%) | 18.66% |
| Interest | ₹251 cr |
| Depreciation | ₹245 cr |
| Profit before tax | ₹501 cr |
| Tax | ₹160 cr |
| Net profit | ₹341 cr |
| EPS (₹) | ₹8.81 |
Operating margin of 18.66% compares with a Commodities sector median of 18.96% across 56 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -8.58% | -8.31% |
Volume on the results session was 4.87× its 20-day average.
What to watch
- Whether operating margin moves above or below the 18.96% Commodities peer median.
- Whether interest remains close to the Rs 251.37 cr reported in Q1FY27.
- Whether operating profit continues to materially exceed other income of Rs 33.06 cr.