Revenue growth outpaced costs, lifting Apollo Sindoori’s margin
Standalone operating margin rose 1.90 percentage points QoQ, while a lower tax rate supported the 17.14% increase in net profit.
Filed 12 Nov 2026, 18:52 IST · after market close · Apollo Sindoori Hotels Ltd (APOLSINHOT)
Key takeaways
- Standalone revenue rose 10.18% QoQ as expenses grew 7.94%, lifting operating margin by 1.90 percentage points.
- Net profit increased 17.14% QoQ, helped by a 4.66-percentage-point fall in the tax rate to 23.42%.
- Operating margin at 8.34% remained 2.89 percentage points below the 11.23% median for 329 reported Consumer Discretionary peers.
Price around the results
Q2 revenue growth translated into higher operating profit
Apollo Sindoori’s standalone revenue grew 10.18% QoQ, faster than expenses at 7.94%, which lifted operating profit by 42.60%. Net profit rose 17.14% to Rs 4.58 cr, with EPS increasing to Rs 17.62. The company filed the standalone results after market close.
Lower costs supported margin, while tax aided profit
The faster increase in revenue than expenses expanded operating margin by 1.90 percentage points to 8.34%. Interest expense still rose 9.26% QoQ, partly offsetting the operating improvement. Other income fell 88.83% and contributed only 3.85% of profit before tax, so the quarter’s profit was not materially dependent on it; the lower 23.42% tax rate also supported net profit.
Margin improved sequentially but stayed below the sector median
Operating margin increased from 6.44% in Q1FY27 to 8.34% in Q2FY27, marking a clear sequential improvement. Even so, Apollo Sindoori’s margin was 2.89 percentage points below the 11.23% median among 329 Consumer Discretionary peers that had reported the quarter.
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 | ₹106 cr | ₹97 cr | +10.18% |
| Other income | ₹0 cr | ₹2 cr | -88.83% |
| Expenses | ₹97 cr | ₹90 cr | +7.94% |
| Operating profit | ₹9 cr | ₹6 cr | +42.60% |
| Operating margin (%) | 8.34% | 6.44% | — |
| Interest | ₹1 cr | ₹1 cr | +9.26% |
| Depreciation | ₹2 cr | ₹2 cr | +9.09% |
| Profit before tax | ₹6 cr | ₹5 cr | +9.93% |
| Tax | ₹1 cr | ₹2 cr | -8.50% |
| Net profit | ₹5 cr | ₹4 cr | +17.14% |
| EPS (₹) | ₹17.62 | ₹15.04 | +17.15% |
Operating margin of 8.34% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 8.34% in the next quarter.
- Whether the gap between revenue growth of 10.18% and expense growth of 7.94% is sustained.
- Whether tax rate remains near 23.42% after falling 4.66 percentage points QoQ.