Shanthi Gears trails sector margin median in Q1FY27
Standalone operating margin was 13.14%, while other income of Rs 4.16 cr supported profit before tax of Rs 14.17 cr.
Filed 29 Jul 2026, 12:38 IST · Shanthi Gears Ltd (SHANTIGEAR)
Key takeaways
- Shanthi Gears reported standalone net profit of Rs 9.85 cr, with EPS at Rs 1.28.
- Operating margin was 13.14%, 1.50 percentage points below the 14.64% median for 27 reported Industrials peers.
- Other income of Rs 4.16 cr made a material contribution to the Rs 14.17 cr standalone profit before tax.
Price around the results
Standalone earnings came with a modest operating margin
Shanthi Gears reported standalone revenue of Rs 115.49 cr and net profit of Rs 9.85 cr in Q1FY27. Operating profit was Rs 15.18 cr, translating to a 13.14% operating margin. With no year-on-year or sequential comparison provided, the quarter is best read through its margin and profit mix.
Other income was material to reported pre-tax profit
Other income of Rs 4.16 cr was a significant component of the Rs 14.17 cr profit before tax. Interest was limited to Rs 0.11 cr, while depreciation was Rs 5.06 cr, so reported pre-tax profit was shaped by both non-operating income and depreciation rather than operating profit alone. The tax rate was 30.49%.
Margin trailed 27 Industrials peers
The company's 13.14% operating margin was 1.50 percentage points below the 14.64% median among 27 Industrials peers that had reported the same quarter. Shanthi Gears ranked 11th from the bottom on this measure, placing its margin below the sector reference point.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹115 cr |
| Other income | ₹4 cr |
| Expenses | ₹100 cr |
| Operating profit | ₹15 cr |
| Operating margin (%) | 13.14% |
| Interest | ₹0 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹14 cr |
| Tax | ₹4 cr |
| Net profit | ₹10 cr |
| EPS (₹) | ₹1.28 |
Operating margin of 13.14% compares with a Industrials sector median of 14.64% across 27 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves above or remains below the 13.14% Q1FY27 level.
- Whether other income stays near Rs 4.16 cr or becomes less material to profit before tax.
- Whether EPS moves from the Q1FY27 level of Rs 1.28.