SMS Pharma's Q1 operating margin trails healthcare peer median
The 19.79% margin was below the 22.95% median across 27 healthcare peers, while other income was a limited part of pre-tax profit.
Filed 31 Jul 2026, 17:13 IST · after market close · SMS Pharmaceuticals Ltd (SMSPHARMA)
Key takeaways
- Consolidated operating margin was 19.79%, 3.16 percentage points below the healthcare peer median.
- Net profit was Rs 20.91 cr, with other income of Rs 2.45 cr against profit before tax of Rs 27.91 cr.
- The company filed its Q1FY27 results after market close on 31 Jul 2026.
Price around the results
Margin remains below the healthcare peer midpoint
SMS Pharmaceuticals reported consolidated operating profit of Rs 40.95 cr on revenue of Rs 206.96 cr, producing an operating margin of 19.79%. That was 3.16 percentage points below the 22.95% median for the 27 healthcare peers that had reported the same quarter. The company ranked 10th from the bottom on this measure.
Reported profit was not mainly driven by other income
Net profit was Rs 20.91 cr, after interest of Rs 5.50 cr, depreciation of Rs 9.99 cr and tax of Rs 7.00 cr. Other income contributed Rs 2.45 cr against profit before tax of Rs 27.91 cr, so non-operating income was not the main source of reported profit.
Results were filed after the market close
The consolidated Q1FY27 results were filed at 17:13 IST on 31 Jul 2026, after market close. No post-results stock reaction is included here, so the quarter's operating margin and its gap to peers are the clearest points for assessment.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹207 cr |
| Other income | ₹2 cr |
| Expenses | ₹166 cr |
| Operating profit | ₹41 cr |
| Operating margin (%) | 19.79% |
| Interest | ₹6 cr |
| Depreciation | ₹10 cr |
| Profit before tax | ₹28 cr |
| Tax | ₹7 cr |
| Net profit | ₹21 cr |
| EPS (₹) | ₹2.23 |
Operating margin of 19.79% compares with a Healthcare sector median of 22.95% across 27 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves above or below 19.79% next quarter.
- Whether the margin gap to the 22.95% healthcare peer median narrows.
- Whether other income remains limited relative to Rs 27.91 cr of pre-tax profit.