Tinna Rubber’s operating margin beats Industrials median by 7.08 points
The consolidated quarter delivered Rs 17.04 cr of net profit, while other income contributed only Rs 0.88 cr to profit before tax.
Filed 22 Oct 2026, 14:13 IST · Tinna Rubber & Infrastructure Ltd (TINNARUBR)
Key takeaways
- The stock fell 15.13% on the result day despite a consolidated operating margin of 18.81%.
- Tinna Rubber's operating margin was 7.78 percentage points above the 11.03% median for 25 reported Industrials peers.
- Other income of Rs 0.88 cr was small relative to profit before tax of Rs 23.42 cr, limiting its role in reported profit.
Price around the results
Q2FY27 margin held above the Industrials peer set
Tinna Rubber reported consolidated operating profit of Rs 29.45 cr on revenue of Rs 156.59 cr, producing an 18.81% operating margin. That was 7.78 percentage points above the 11.03% median among 25 Industrials companies that had reported the same quarter.
Reported profit was not reliant on other income
Other income of Rs 0.88 cr was modest against profit before tax of Rs 23.42 cr, so it was not the main source of reported profitability. Net profit of Rs 17.04 cr followed interest of Rs 2.64 cr, depreciation of Rs 4.28 cr and a 27.24% tax rate.
Shares sold off sharply on the results day
The stock declined 15.13% on the result day and was down 15.29% by the next recorded session point. The move followed only a 0.30% opening gap, while the volume ratio reached 20.59.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹157 cr |
| Other income | ₹1 cr |
| Expenses | ₹127 cr |
| Operating profit | ₹29 cr |
| Operating margin (%) | 18.81% |
| Interest | ₹3 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹23 cr |
| Tax | ₹6 cr |
| Net profit | ₹17 cr |
| EPS (₹) | ₹9.46 |
Operating margin of 18.81% compares with a Industrials sector median of 11.03% across 25 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -15.13% | -14.59% |
| Next session | -15.29% | — |
Volume on the results session was 20.59× its 20-day average.
What to watch
- Whether consolidated operating margin remains at or above 18.81%.
- Whether other income remains a small contributor relative to Rs 23.42 cr of profit before tax.
- Whether the result-day decline of 15.13% is followed by further price movement after the 20.59 volume ratio.