Byke revenue fell -15.70% QoQ as margin narrowed
Expenses declined less than revenue, while higher interest and an 11.87-percentage-point rise in the tax rate weighed on profit.
Filed 05 Nov 2026, 19:17 IST · after market close · The Byke Hospitality Ltd (BYKE)
Key takeaways
- Revenue fell -15.70% QoQ while expenses fell only -13.92%, narrowing operating margin by 1.18 percentage points.
- Net profit declined -40.44% QoQ even though other income equalled 121.57% of pre-tax profit.
- The standalone operating margin of 42.53% was 30.97 percentage points above the 11.56% median for 262 Consumer Discretionary peers.
Price around the results
A softer second quarter after Q1FY27
The Byke Hospitality reported standalone revenue down -15.70% QoQ, with operating profit declining -18.00%. The sharper fall in operating profit than revenue points to weaker operating leverage in the quarter.
Costs fell slower than revenue
Expenses declined -13.92%, less than the -15.70% fall in revenue, driving the 1.18-percentage-point contraction in operating margin to 42.53%. Interest rose +4.46% while depreciation declined -1.38%, adding to the pressure below operating profit. The tax rate rose by 11.87 percentage points, so the -40.44% fall in net profit was not flattered by a lower tax burden.
Margin remains well above the sector median
The 42.53% operating margin was 30.97 percentage points above the 11.56% median among 262 Consumer Discretionary companies that had reported the same quarter. Sequentially, margin moved down from 43.71% to 42.53%; the available two-quarter sequence does not establish a longer decline.
Other income dominated reported pre-tax profit
Other income accounted for 121.57% of pre-tax profit, making the quality of reported earnings an important focus alongside the operating result. The company filed these standalone results after market close on 05 Nov 2026, so there is no post-results reaction to compare with its history.
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 | ₹24 cr | ₹29 cr | -15.70% |
| Other income | ₹2 cr | ₹0 cr | +520.00% |
| Expenses | ₹14 cr | ₹16 cr | -13.92% |
| Operating profit | ₹10 cr | ₹13 cr | -18.00% |
| Operating margin (%) | 42.53% | 43.71% | — |
| Interest | ₹3 cr | ₹3 cr | +4.46% |
| Depreciation | ₹8 cr | ₹8 cr | -1.38% |
| Profit before tax | ₹2 cr | ₹2 cr | -32.00% |
| Tax | ₹0 cr | ₹0 cr | +1800.00% |
| Net profit | ₹1 cr | ₹2 cr | -40.44% |
| EPS (₹) | ₹0.26 | ₹0.43 | -39.53% |
Operating margin of 42.53% compares with a Consumer Discretionary sector median of 11.56% across 262 peers that have reported Q2FY27.
What to watch
- Whether revenue recovers from the -15.70% QoQ decline.
- Whether operating margin holds above 42.53% after the 1.18-percentage-point QoQ decline.
- Whether other income remains as large as 121.57% of pre-tax profit.