Sansera profit drops 29.01% QoQ as Q4 income fades
Consolidated operating margin rose 1.96 percentage points YoY, but other income turned negative and the tax rate rose 4.53 percentage points sequentially.
Filed 12 Aug 2026, 19:40 IST · after market close · Sansera Engineering Ltd (SANSERA)
Key takeaways
- Consolidated revenue rose +33.27% YoY, while operating profit grew +48.44% as operating margin widened 1.96 percentage points.
- Net profit fell -29.01% QoQ as other income moved from Rs 30.96 cr to a loss of Rs 3.8 cr and the tax rate rose 4.53 percentage points.
- Operating margin of 19.2% was 5.91 percentage points above the 13.29% median for 156 Consumer Discretionary peers.
Price around the results
Revenue growth outpaced costs over the year
Sansera’s consolidated revenue grew +33.27% YoY, ahead of the +30.11% rise in expenses. That operating leverage lifted operating profit by +48.44% and expanded margin by 1.96 percentage points. The result was also stronger than the recent quarterly base, with revenue up +2.25% QoQ.
Sequential profit was reduced by income and tax effects
Sequentially, expenses grew +2.40%, faster than revenue at +2.25%, narrowing operating margin by 0.12 percentage points. Net profit declined -29.01% QoQ as other income fell from Rs 30.96 cr to a loss of Rs 3.8 cr; other income represented -3.21% of pre-tax profit. The tax rate rose 4.53 percentage points, while interest expense increased +6.41% and depreciation rose +11.56%.
Margin trend remains above the peer median
Operating margin improved each quarter from 16.25% in Q4FY25 to 19.32% in Q4FY26, before the 0.12-percentage-point sequential dip in Q1FY27. It remains 5.91 percentage points above the 13.29% median among 156 reported Consumer Discretionary peers. The YoY comparison is cleaner: costs grew more slowly than revenue, supporting the 1.96-percentage-point margin expansion.
Market response awaits the post-close filing
The consolidated results were filed after market close, so no post-results share-price move is assessed here. Across eight prior result reactions, the stock rose six times and fell twice, with a median absolute move of 5.64%.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 | Q4FY26 | QoQ | YoY |
|---|---|---|---|---|
| Revenue | ₹1,021 cr | ₹999 cr | +2.25% | +33.27% |
| Other income | ₹-4 cr | ₹31 cr | — | — |
| Expenses | ₹825 cr | ₹806 cr | +2.40% | +30.11% |
| Operating profit | ₹196 cr | ₹193 cr | +1.64% | +48.44% |
| Operating margin (%) | 19.20% | 19.32% | — | — |
| Interest | ₹12 cr | ₹11 cr | +6.41% | +14.78% |
| Depreciation | ₹62 cr | ₹56 cr | +11.56% | +30.07% |
| Profit before tax | ₹118 cr | ₹157 cr | -24.66% | +39.82% |
| Tax | ₹31 cr | ₹34 cr | -8.95% | +43.04% |
| Net profit | ₹87 cr | ₹123 cr | -29.01% | +38.71% |
| EPS (₹) | ₹13.89 | ₹19.51 | -28.81% | +38.21% |
Operating margin of 19.20% compares with a Consumer Discretionary sector median of 13.29% across 156 peers that have reported Q1FY27.
What to watch
- Whether operating margin holds above 19.2%.
- Whether expense growth remains below the +33.27% YoY revenue growth rate.
- Whether other income moves back from a loss of Rs 3.8 cr and the tax rate from 26.22%.