Revenue nearly doubled QoQ, but interest expense more than doubled
Standalone operating margin improved as costs lagged revenue growth, though higher interest and other income shaped the profit outcome.
Filed 03 Nov 2026, 15:26 IST · ABINFRA (ABINFRA)
Key takeaways
- Standalone revenue rose 97.35% QoQ, while operating profit grew faster at 105.00%.
- Operating margin improved by 0.55 percentage points to 14.46% as expenses grew slightly slower than revenue.
- Interest expense increased 136.56% QoQ, while other income contributed 19.17% of profit before tax.
Revenue growth outpaced operating costs
This standalone quarter saw revenue growth of 97.35% QoQ, with expenses increasing 96.12%. That small cost-growth gap helped operating profit rise 105.00%, faster than revenue. The result was a 0.55 percentage-point improvement in operating margin.
Higher interest limited conversion below operating profit
Interest expense rose 136.56% QoQ, outpacing operating profit growth and keeping profit before tax growth at 92.67%. Other income accounted for 19.17% of profit before tax, making it a material part of reported pre-tax earnings. The tax rate also fell by 0.34 percentage points, providing a modest lift to net profit conversion.
Sequential momentum improved, but the trend is still short
Compared with Q1FY27, revenue, operating profit and net profit all increased, while operating margin moved up from 13.91% to 14.46%. Only two quarters are shown in the trend, so this supports a sequential improvement rather than a confirmed multi-quarter direction. The next quarter will show whether the margin gain holds alongside the higher financing burden.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹150 cr | ₹76 cr | +97.35% |
| Other income | ₹3 cr | ₹1 cr | +111.90% |
| Expenses | ₹129 cr | ₹66 cr | +96.12% |
| Operating profit | ₹22 cr | ₹11 cr | +105.00% |
| Operating margin (%) | 14.46% | 13.91% | — |
| Interest | ₹8 cr | ₹3 cr | +136.56% |
| Depreciation | ₹3 cr | ₹1 cr | +105.63% |
| Profit before tax | ₹14 cr | ₹7 cr | +92.67% |
| Tax | ₹4 cr | ₹2 cr | +89.95% |
| Net profit | ₹10 cr | ₹5 cr | +93.45% |
| EPS (₹) | ₹0.16 | ₹0.08 | +100.00% |
What to watch
- Whether operating margin holds above 14.46%.
- Whether interest expense growth moderates from 136.56% QoQ.
- Whether other income remains a material contributor to profit before tax after accounting for 19.17% this quarter.