Revenue slump pushed BOSCH-HCIL to a Rs 41.66 cr Q2 loss
Standalone revenue fell 57.00% sequentially as expenses declined more slowly, while the tax benefit reduced the reported loss.
Filed 02 Nov 2026, 16:46 IST · after market close · BOSCH-HCIL (BOSCH-HCIL)
Key takeaways
- Standalone net profit swung to a loss of Rs 41.66 cr from a profit of Rs 22.79 cr in Q1FY27.
- Revenue fell 57.00% sequentially, while expenses declined 51.60%, driving a 12.08 percentage-point fall in operating margin.
- Operating margin of -8.34% was 21.08 percentage points below the 12.74% median for 153 Consumer Discretionary peers.
Price around the results
Revenue fell faster than costs
BOSCH-HCIL reported a standalone net loss of Rs 41.66 cr in Q2FY27, against a net profit of Rs 22.79 cr in Q1FY27. Revenue fell 57.00% sequentially to Rs 471.12 cr, while expenses declined 51.60% to Rs 510.4 cr. The sharper revenue contraction left the company with an operating loss of Rs 39.28 cr.
Operating margin moved from profit to loss
Costs fell less than revenue, causing operating margin to contract by 12.08 percentage points to -8.34%. Interest expense also rose 51.79% sequentially to Rs 2.96 cr, adding to the pressure below operating profit. Other income was Rs 0.65 cr and contributed -1.19% of pre-tax profit, so it did not materially support earnings.
Among the weakest reported peer margins
The quarter reversed the Q1FY27 direction, when operating margin was 3.74% and profit before tax was Rs 31.69 cr; the available trend shows a sharp sequential deterioration rather than a multi-quarter pattern. BOSCH-HCIL's -8.34% operating margin was 21.08 percentage points below the 12.74% sector median, placing it ninth from the bottom among 153 Consumer Discretionary peers that had reported. A tax rate of 23.64%, down 4.44 percentage points, provided a tax benefit against the pre-tax loss but did not prevent the net loss.
Results were filed after market close
The standalone results were filed after market close on 02 Nov 2026. There was no market reaction available at the time of reporting.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹471 cr | ₹1,096 cr | -57.00% |
| Other income | ₹1 cr | ₹6 cr | -88.81% |
| Expenses | ₹510 cr | ₹1,055 cr | -51.60% |
| Operating profit | ₹-39 cr | ₹41 cr | — |
| Operating margin (%) | -8.34% | 3.74% | — |
| Interest | ₹3 cr | ₹2 cr | +51.79% |
| Depreciation | ₹13 cr | ₹13 cr | -0.99% |
| Profit before tax | ₹-55 cr | ₹32 cr | — |
| Tax | ₹-13 cr | ₹9 cr | — |
| Net profit | ₹-42 cr | ₹23 cr | — |
| EPS (₹) | ₹-15.30 | ₹8.30 | — |
Operating margin of -8.34% compares with a Consumer Discretionary sector median of 12.74% across 153 peers that have reported Q2FY27.
What to watch
- Whether revenue recovers from Rs 471.12 cr after the 57.00% sequential decline.
- Whether operating margin moves back above the Q1FY27 level of 3.74%.
- Whether interest expense falls from Rs 2.96 cr after its 51.79% sequential increase.