Looks like a bug: If there is no text immediately following a formula, the following paragraph is not treated as such, but as the text following it. \setupbodyfont[xits,10pt] \setupmathematics[integral=nolimits, lcgreek=normal, default=normal] \setupindenting[yes,medium,next] \starttext Formula without following text \startformula e^{i𝛼} = \cos 𝛼 + i\sin 𝛼 \stopformula New paragraph, but not indented. Formula with following text \startformula e^{i𝛼} = \cos 𝛼 + i\sin 𝛼 \stopformula ends here. New paragraph; indented. \stoptext