Profit slumps 83.45% QoQ as tax rate rises 9.20 points
Revenue contracted 73.07%, but a slightly faster fall in expenses lifted operating margin; other income still supplied 37.00% of pre-tax profit.
Filed 12 Nov 2026, 14:40 IST · ALPHAGEO (ALPHAGEO)
Key takeaways
- Consolidated net profit fell 83.45% QoQ in Q2FY27, while EPS declined 83.44%.
- Operating margin improved by 0.37 percentage points as expenses fell 73.20%, slightly faster than revenue.
- Other income contributed 37.00% of profit before tax, while the tax rate rose 9.20 percentage points QoQ.
Q2FY27 profit dropped with the sharp sequential revenue decline
Consolidated revenue fell 73.07% QoQ, taking operating profit down 72.63% and net profit down 83.45%. The earnings decline was sharper than the operating-profit fall because the tax rate rose to 33.93% from 24.73%, while other income also fell 56.05%. Interest increased 150.00% QoQ, although it remained a small charge.
Lower costs protected the operating margin, but earnings quality was mixed
Expenses declined 73.20%, slightly faster than revenue, so operating margin improved by 0.37 percentage points to 24.17%. Other income was 37.00% of profit before tax, leaving a sizeable contribution to pre-tax earnings beyond operations. The higher tax rate offset part of the benefit from the operating-margin improvement.
The quarter marked a steep reset from Q1FY27
Compared with Q1FY27, revenue fell 73.07% and EPS fell 83.44%, despite the modest margin gain. The available quarter trend shows operating margin moving up from 23.80% to 24.17%, but the much lower revenue base dominated the result. The company filed these consolidated results on 12 November 2026.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹22 cr | ₹82 cr | -73.07% |
| Other income | ₹1 cr | ₹3 cr | -56.05% |
| Expenses | ₹17 cr | ₹63 cr | -73.20% |
| Operating profit | ₹5 cr | ₹20 cr | -72.63% |
| Operating margin (%) | 24.17% | 23.80% | — |
| Interest | ₹0 cr | ₹0 cr | +150.00% |
| Depreciation | ₹3 cr | ₹3 cr | +0.68% |
| Profit before tax | ₹4 cr | ₹20 cr | -81.10% |
| Tax | ₹1 cr | ₹5 cr | -73.98% |
| Net profit | ₹2 cr | ₹15 cr | -83.45% |
| EPS (₹) | ₹3.71 | ₹22.40 | -83.44% |
What to watch
- Whether operating margin holds above 24.17% after the 0.37-percentage-point sequential improvement.
- Whether revenue recovers from its 73.07% QoQ decline.
- Whether other income remains below or around its 37.00% share of profit before tax.