Baid Finserv profit rose 19.82% QoQ as margin widened 4.81 points
Revenue fell 6.88%, but expenses declined 18.94%; other income contributed 23.17% of pre-tax profit.
Filed 03 Nov 2026, 17:37 IST · after market close · Baid Finserv Ltd (BAIDFIN)
Key takeaways
- Standalone net profit rose 19.82% QoQ to Rs 5.20 cr despite a 6.88% decline in revenue.
- Operating margin widened 4.81 percentage points to 67.50% as expenses fell 18.94%, faster than revenue.
- Other income contributed 23.17% of pre-tax profit, making it a material part of the quarter's earnings.
Price around the results
Profit grew despite lower revenue
Baid Finserv's standalone revenue fell 6.88% QoQ to Rs 20.16 cr, but operating profit still edged up 0.29% to Rs 13.61 cr. The sharper reduction in expenses supported a 19.82% increase in net profit to Rs 5.20 cr. Pre-tax profit rose 19.62% to Rs 6.95 cr.
Lower costs drove the margin gain
Expenses declined 18.94%, much faster than the 6.88% fall in revenue, lifting operating margin by 4.81 percentage points to 67.50%. Interest expense rose 0.76% to Rs 8.00 cr, while the tax rate was unchanged at 25.17%. Other income rose to Rs 1.61 cr and accounted for 23.17% of pre-tax profit, so earnings quality was partly supported by non-operating income.
Margin remained above the financial-services peer median
Baid Finserv's 67.50% operating margin was 16.90 percentage points above the 50.60% median for the 79 Financial Services peers that had reported the quarter. The quarter-on-quarter margin improvement follows the 62.69% margin recorded in Q1FY27, but the available trend covers only these two quarters. The results were filed after market close, so there was no market reaction to assess.
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 | ₹20 cr | ₹22 cr | -6.88% |
| Other income | ₹2 cr | ₹0 cr | +292.68% |
| Expenses | ₹7 cr | ₹8 cr | -18.94% |
| Operating profit | ₹14 cr | ₹14 cr | +0.29% |
| Operating margin (%) | 67.50% | 62.69% | — |
| Interest | ₹8 cr | ₹8 cr | +0.76% |
| Depreciation | ₹0 cr | ₹0 cr | +17.39% |
| Profit before tax | ₹7 cr | ₹6 cr | +19.62% |
| Tax | ₹2 cr | ₹1 cr | +19.86% |
| Net profit | ₹5 cr | ₹4 cr | +19.82% |
| EPS (₹) | ₹0.33 | ₹0.28 | +17.86% |
Operating margin of 67.50% compares with a Financial Services sector median of 50.60% across 79 peers that have reported Q2FY27.
What to watch
- Whether revenue recovers from Rs 20.16 cr after its 6.88% QoQ decline.
- Whether operating margin holds above 67.50% after the 4.81-percentage-point expansion.
- Whether other income remains below or above its 23.17% share of pre-tax profit.