AMJ Land’s operating margin jumps 7.74 points QoQ to 29.04%
Revenue grew +21.12% QoQ while expenses rose +9.15%; other income still supplied 37.65% of pre-tax profit.
Filed 29 Oct 2026, 17:15 IST · after market close · AMJ Land Holdings Ltd (AMJLAND)
Key takeaways
- Consolidated operating profit rose +64.92% QoQ as revenue grew +21.12%, ahead of the +9.15% increase in expenses.
- Operating margin widened 7.74 percentage points QoQ to 29.04%, which was 16.30 percentage points above the sector median.
- Net profit rose +52.52% QoQ, but other income contributed 37.65% of pre-tax profit and the tax rate fell 1.39 percentage points.
Price around the results
Revenue growth outpaced expenses in Q2FY27
In consolidated Q2FY27 results, revenue increased +21.12% QoQ to Rs 17.32 cr, while expenses rose only +9.15% to Rs 12.29 cr. That operating leverage lifted operating profit +64.92% to Rs 5.03 cr and widened the operating margin by 7.74 percentage points. This was the second-quarter comparison available, so the sequential improvement is more informative than a seasonal year-on-year comparison here.
Other income remained material to profit
Other income contributed 37.65% of profit before tax, making the Rs 7.33 cr pre-tax profit less dependent on operating earnings alone. The tax rate fell 1.39 percentage points to 29.88%, which also supported the +52.52% QoQ increase in net profit to Rs 5.14 cr.
Margin was well above the reported peer median
AMJ Land’s 29.04% operating margin was 16.30 percentage points above the 12.74% median for the 107 Consumer Discretionary peers that had reported the quarter. The margin also improved from 21.30% in Q1FY27, marking a clear sequential recovery.
Results were filed after market close
The consolidated results were filed after market close on 29 October 2026. No market reaction is covered yet, and there is no recent reaction history in the reported results record against which to judge the move.
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 | ₹17 cr | ₹14 cr | +21.12% |
| Other income | ₹3 cr | ₹2 cr | +18.45% |
| Expenses | ₹12 cr | ₹11 cr | +9.15% |
| Operating profit | ₹5 cr | ₹3 cr | +64.92% |
| Operating margin (%) | 29.04% | 21.30% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹7 cr | ₹5 cr | +49.29% |
| Tax | ₹2 cr | ₹2 cr | +43.14% |
| Net profit | ₹5 cr | ₹3 cr | +52.52% |
| EPS (₹) | ₹1.21 | ₹0.79 | +53.16% |
Operating margin of 29.04% compares with a Consumer Discretionary sector median of 12.74% across 107 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 29.04% after the 7.74-percentage-point QoQ expansion.
- Whether other income’s share of profit before tax moves below 37.65%.
- Whether the tax rate remains at or below 29.88%.