Revenue rebound restored positive operating profit, but BKMINDST remained loss-making
Revenue rose +311.59% QoQ while expenses grew +8.17%, but interest and depreciation kept the consolidated result in the red.
Filed 04 Nov 2026, 14:53 IST · BKMINDST (BKMINDST)
Key takeaways
- Consolidated revenue rose +311.59% sequentially, lifting operating margin by 275.36 percentage points to 1.96%.
- The company still posted a consolidated net loss of Rs 1.79 cr as interest of Rs 0.68 cr and depreciation of Rs 1.53 cr outweighed operating profit of Rs 0.06 cr.
- A tax credit of Rs 0.36 cr narrowed the net loss from Rs 3.66 cr in Q1FY27 by 51.09%.
Revenue rebound improved the operating result
BKMINDST’s consolidated revenue increased +311.59% sequentially, while expenses rose only +8.17%, allowing operating profit to move to Rs 0.06 cr from a loss of Rs 1.88 cr. That difference drove a 275.36 percentage-point improvement in operating margin, from -273.40% to 1.96%.
Interest and depreciation absorbed operating profit
The operating recovery did not translate into a profit before tax because interest rose +19.30% sequentially to Rs 0.68 cr and depreciation remained at Rs 1.53 cr. With other income at Rs 0.00 cr, there was no non-operating income contribution; the company reported a consolidated loss before tax of Rs 2.15 cr. A tax credit of Rs 0.36 cr reduced the net loss to Rs 1.79 cr.
Sharp sequential improvement, but only one prior quarter in the trend
Compared with Q1FY27, the net loss narrowed by 51.09% and the loss per share improved from Rs 1.72 to Rs 0.84. The tax rate increased by 7.49 percentage points to 16.63%, so the improvement was mainly associated with the revenue rebound and the resulting operating-margin recovery rather than other income. The available quarter-to-quarter trend shows a move from deeply negative operating margin in Q1FY27 to a positive margin in Q2FY27.
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 | ₹3 cr | ₹1 cr | +311.59% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹3 cr | ₹3 cr | +8.17% |
| Operating profit | ₹0 cr | ₹-2 cr | — |
| Operating margin (%) | 1.96% | -273.40% | — |
| Interest | ₹1 cr | ₹1 cr | +19.30% |
| Depreciation | ₹2 cr | ₹2 cr | -2.55% |
| Profit before tax | ₹-2 cr | ₹-4 cr | +46.65% |
| Tax | ₹-0 cr | ₹-0 cr | +2.70% |
| Net profit | ₹-2 cr | ₹-4 cr | +51.09% |
| EPS (₹) | ₹-0.84 | ₹-1.72 | +51.16% |
What to watch
- Whether operating margin remains positive after moving to 1.96% from -273.40% in Q1FY27.
- Whether revenue remains above Rs 2.84 cr while expense growth stays below the +311.59% revenue growth recorded this quarter.
- Whether interest remains around Rs 0.68 cr and depreciation around Rs 1.53 cr when operating profit is Rs 0.06 cr.