Revenue fell -53.85% QoQ as operating margin plunged to -583.33%
Expenses did not fall with revenue, and the standalone net loss widened 15.00% sequentially.
Filed 12 Nov 2026, 16:10 IST · after market close · Ace Integrated Solutions Ltd (ACEINTEG)
Key takeaways
- Standalone revenue fell -53.85% QoQ while expenses were unchanged, pushing operating margin down 367.95 percentage points to -583.33%.
- Standalone net loss widened 15.00% QoQ, with EPS falling to Rs -0.23.
- Among 65 Services peers, Ace Integrated's -583.33% operating margin was 599.98 percentage points below the 16.65% median.
Price around the results
Revenue contraction exposed the cost base
Ace Integrated's standalone revenue declined -53.85% from Q1FY27, while expenses were unchanged at the sequential level. With costs not adjusting to the lower revenue base, operating profit deteriorated 25.00% QoQ.
Operating margin fell 367.95 percentage points
The unchanged expense base against the revenue drop drove a 367.95 percentage-point decline in operating margin to -583.33%. The tax rate also increased 9.14 percentage points to 25.81%, adding to the pressure on net profit. Other income represented -22.58% of pre-tax profit because pre-tax profit remained negative, and it did not prevent a pre-tax loss.
The weakest margin among 65 reported Services peers
Ace Integrated's operating margin was 599.98 percentage points below the 16.65% median for the 65 Services peers that had reported the same quarter. It ranked first from the bottom on this measure, making the sequential deterioration more significant than a normal quarter-to-quarter fluctuation.
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 | ₹0 cr | ₹0 cr | -53.85% |
| Other income | ₹0 cr | ₹0 cr | +0.00% |
| Expenses | ₹0 cr | ₹0 cr | +0.00% |
| Operating profit | ₹-0 cr | ₹-0 cr | -25.00% |
| Operating margin (%) | -583.33% | -215.38% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹-0 cr | ₹-0 cr | -29.17% |
| Tax | ₹-0 cr | ₹-0 cr | -100.00% |
| Net profit | ₹-0 cr | ₹-0 cr | -15.00% |
| EPS (₹) | ₹-0.23 | ₹-0.20 | -15.00% |
Operating margin of -583.33% compares with a Services sector median of 16.65% across 65 peers that have reported Q2FY27.
What to watch
- Whether revenue reverses the -53.85% QoQ decline.
- Whether operating margin improves from -583.33%.
- Whether the tax rate moves below 25.81%.