BharatIDIL’s operating margin widens as revenue growth outpaces costs
Standalone revenue rose 71.84% sequentially and operating profit more than doubled, with other income contributing just 1.12% of pre-tax profit.
Filed 13 Nov 2026, 19:18 IST · after market close · BHARATIDIL (BHARATIDIL)
Key takeaways
- Standalone revenue rose 71.84% sequentially, while expenses grew 59.84%, lifting operating profit 120.50%.
- Operating margin expanded by 5.67 percentage points sequentially to 25.61% as revenue growth outpaced expense growth.
- Other income contributed only 1.12% of pre-tax profit, while the -0.05% tax rate left net profit broadly driven by operations.
Revenue growth drove a sharp operating profit increase
BharatIDIL’s standalone revenue increased 71.84% sequentially, while expenses rose 59.84%. The resulting cost gap helped operating profit increase 120.50%, a faster pace than revenue growth.
Margin expansion came from slower expense growth
Operating margin widened by 5.67 percentage points sequentially to 25.61% because expenses grew more slowly than revenue. Other income accounted for just 1.12% of pre-tax profit, limiting its role in reported earnings. The -0.05% tax rate fell by 0.10 percentage points sequentially and did not materially reduce net profit.
The quarter improved on Q1FY27, with no market reaction yet
This was a sequential improvement from Q1FY27, when operating margin was 19.94% and operating profit was 1.61. The results were filed after market close, so there is no reported stock reaction to place against the company’s past results.
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 | ₹14 cr | ₹8 cr | +71.84% |
| Other income | ₹0 cr | ₹0 cr | -42.86% |
| Expenses | ₹10 cr | ₹6 cr | +59.84% |
| Operating profit | ₹4 cr | ₹2 cr | +120.50% |
| Operating margin (%) | 25.61% | 19.94% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | — |
| Profit before tax | ₹4 cr | ₹2 cr | +113.17% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹4 cr | ₹2 cr | +113.17% |
| EPS (₹) | ₹0.71 | ₹0.03 | +2266.67% |
What to watch
- Whether standalone operating margin holds above 25.61% next quarter.
- Whether expense growth remains below the 71.84% sequential revenue growth recorded this quarter.
- Whether other income remains a small contributor relative to the 1.12% share of pre-tax profit.