AWFIS margin expands as revenue outpaces expense growth in Q2FY27
Consolidated net profit grew 28.55% sequentially, though other income made up 81.85% of pre-tax profit and the tax rate fell 0.45 percentage points.
Filed 03 Nov 2026, 17:24 IST · after market close · AWFIS Space Solutions Ltd (AWFIS)
Key takeaways
- Consolidated operating margin expanded 1.41 percentage points QoQ to 39.60% as revenue grew 3.25% while expenses rose 0.89%.
- Net profit rose 28.55% QoQ to Rs 30.80 cr, but other income contributed 81.85% of pre-tax profit.
- AWFIS's 39.60% operating margin was 18.10 percentage points above the 21.50% median for 37 reported Services peers.
Price around the results
Revenue growth translated into wider operating margin
AWFIS's consolidated revenue increased 3.25% QoQ to Rs 438.73 cr, while expenses rose only 0.89% to Rs 265.00 cr. That cost gap lifted operating profit 7.05% and expanded operating margin by 1.41 percentage points to 39.60%. This was an improvement from Q1FY27's 38.19% margin, although the available trend covers only the immediately preceding quarter.
Other income remains central to reported profit
Profit before tax grew 27.93% QoQ, helped by other income rising 6.76% to Rs 25.57 cr; other income accounted for 81.85% of pre-tax profit. Net profit growth of 28.55% was also supported by the tax rate falling 0.45 percentage points to 1.41%. Interest increased 0.82% and depreciation rose 5.15%, partly offsetting the operating profit increase.
Margin stood well above reported Services peers
AWFIS's 39.60% operating margin was 18.10 percentage points above the 21.50% median among 37 Services companies that had reported the same quarter. The comparison places AWFIS above the sector median on operating margin, while the sequential improvement came as revenue growth outpaced expense growth.
Results were filed after market close
The consolidated results were filed on 03 November 2026 at 17:24 IST, after the market close. The stock reaction is therefore not covered in this results update.
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 | ₹439 cr | ₹425 cr | +3.25% |
| Other income | ₹26 cr | ₹24 cr | +6.76% |
| Expenses | ₹265 cr | ₹263 cr | +0.89% |
| Operating profit | ₹174 cr | ₹162 cr | +7.05% |
| Operating margin (%) | 39.60% | 38.19% | — |
| Interest | ₹49 cr | ₹49 cr | +0.82% |
| Depreciation | ₹119 cr | ₹113 cr | +5.15% |
| Profit before tax | ₹31 cr | ₹24 cr | +27.93% |
| Tax | ₹0 cr | ₹0 cr | -2.22% |
| Net profit | ₹31 cr | ₹24 cr | +28.55% |
| EPS (₹) | ₹4.30 | ₹3.35 | +28.36% |
Operating margin of 39.60% compares with a Services sector median of 21.50% across 37 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 39.60% after rising from 38.19% in Q1FY27.
- Whether other income's 81.85% share of pre-tax profit declines.
- Whether expenses continue to grow slower than revenue's 3.25% QoQ pace.