Alpine Texworld's revenue surge came with a sharp margin squeeze
Expenses grew faster than revenue, while lower interest costs and a reduced tax rate only partly cushioned the sequential profit decline.
Filed 05 Nov 2026, 18:54 IST · after market close · Alpine Texworld Ltd (ALPINETEX)
Key takeaways
- Revenue grew 43.95% sequentially, but expenses grew faster at 53.46%, pulling operating margin down 5.69 percentage points.
- Net profit fell 5.95% sequentially despite a 31.25% decline in interest costs, as the operating squeeze outweighed the finance-cost relief.
- Alpine Texworld's 8.21% operating margin was 3.35 percentage points below the 11.56% median for 262 Consumer Discretionary peers.
Price around the results
Revenue accelerated, but profitability weakened
In consolidated Q2FY27 results, revenue rose 43.95% sequentially, but the faster 53.46% increase in expenses reduced operating profit by 14.92%. Net profit consequently declined 5.95% to Rs 4.11 cr, even as sales expanded.
Lower interest costs did not offset the operating squeeze
Operating margin narrowed 5.69 percentage points because costs grew faster than revenue. Interest expense fell 31.25% and the tax rate eased 0.92 percentage points, but these benefits were not enough to prevent the profit decline. Other income accounted for 12.21% of pre-tax profit, so reported earnings also included a meaningful non-operating contribution.
Margin below the sector median
Alpine Texworld's 8.21% operating margin was below the 11.56% median among 262 Consumer Discretionary peers that had reported the quarter. The sequential move from 13.90% to 8.21% points to a clear deterioration in operating conversion from the previous quarter.
Results filed after market close
The consolidated results were filed at 18:54 IST on 5 November 2026, after market close. There is therefore no post-results stock reaction to assess yet.
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 | ₹129 cr | ₹90 cr | +43.95% |
| Other income | ₹1 cr | ₹1 cr | +16.95% |
| Expenses | ₹119 cr | ₹77 cr | +53.46% |
| Operating profit | ₹11 cr | ₹12 cr | -14.92% |
| Operating margin (%) | 8.21% | 13.90% | — |
| Interest | ₹3 cr | ₹4 cr | -31.25% |
| Depreciation | ₹3 cr | ₹3 cr | -3.83% |
| Profit before tax | ₹6 cr | ₹6 cr | -7.22% |
| Tax | ₹2 cr | ₹2 cr | -10.47% |
| Net profit | ₹4 cr | ₹4 cr | -5.95% |
| EPS (₹) | ₹1.13 | ₹1.65 | -31.52% |
Operating margin of 8.21% compares with a Consumer Discretionary sector median of 11.56% across 262 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -1.41% | -3.42% |
| Next session | -0.05% | — |
Volume on the results session was 0.42× its 20-day average.
What to watch
- Whether operating margin recovers from 8.21% after the 5.69-percentage-point sequential decline.
- Whether expense growth slows from 53.46% to below the 43.95% pace of revenue growth.
- Whether other income remains below the 12.21% share of pre-tax profit.