Sharda Motor's 10.21% margin trails the sector median by 3.09 points
Other income of Rs 27.81 cr supported pre-tax profit of Rs 115 cr; the results were filed after market close.
Filed 10 Aug 2026, 18:33 IST · after market close · Sharda Motor Industries Ltd (SHARDAMOTR)
Key takeaways
- Sharda Motor's consolidated Q1FY27 operating margin was 10.21%, 3.09 percentage points below the Consumer Discretionary peer median.
- Other income of Rs 27.81 cr was a meaningful contributor to pre-tax profit of Rs 115 cr, making earnings quality an important part of the quarter's read.
- Consolidated revenue of Rs 1,011.07 cr produced operating profit of Rs 103.25 cr, leaving the quarter's key issue at the margin rather than reported sales scale.
Price around the results
Operating margin trails 137 Consumer Discretionary peers
Sharda Motor's consolidated operating margin of 10.21% was 3.09 percentage points below the 13.30% median for the 137 Consumer Discretionary peers that have reported. This places the company 47 positions from the bottom of the sector comparison. The quarter's main operating issue is therefore the gap in conversion of revenue into operating profit, not the absence of reported scale.
Other income was a meaningful part of pre-tax profit
Expenses of Rs 907.82 cr absorbed most of consolidated revenue of Rs 1,011.07 cr, leaving operating profit of Rs 103.25 cr. Other income added Rs 27.81 cr against pre-tax profit of Rs 115 cr, so reported earnings received meaningful support outside operations. Net profit was Rs 86.53 cr, while the tax rate was 24.76%.
Results filed after market close
Sharda Motor filed the consolidated results at 18:33 IST on 10 August 2026, after market close. No market reaction is covered for this release.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,011 cr |
| Other income | ₹28 cr |
| Expenses | ₹908 cr |
| Operating profit | ₹103 cr |
| Operating margin (%) | 10.21% |
| Interest | ₹1 cr |
| Depreciation | ₹15 cr |
| Profit before tax | ₹115 cr |
| Tax | ₹28 cr |
| Net profit | ₹87 cr |
| EPS (₹) | ₹15.07 |
Operating margin of 10.21% compares with a Consumer Discretionary sector median of 13.30% across 137 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves up from 10.21% and closes the 3.09-point gap to the peer median.
- Whether other income remains near Rs 27.81 cr without becoming a larger support to pre-tax profit of Rs 115 cr.
- Whether EPS sustains above Rs 15.07 as operating profit remains the main source of earnings.