Ceinsys margin rises as revenue doubles sequentially
Operating profit grew faster than expenses, but other income supplied 18.49% of pre-tax profit and the tax rate moved higher.
Filed 12 Nov 2026, 20:29 IST · after market close · Ceinsys Tech Ltd (CEINSYS)
Key takeaways
- Consolidated revenue rose 101.07% sequentially, while expenses grew 97.78%, lifting operating margin by 1.24 percentage points.
- Net profit increased 105.36% sequentially, but other income contributed 18.49% of profit before tax and the tax rate rose 2.12 percentage points.
- Operating margin reached 25.63%, 9.66 percentage points above the 15.97% median for 78 Information Technology peers that have reported.
Price around the results
Revenue scale lifted Q2FY27 profit
Ceinsys Tech's consolidated revenue grew 101.07% sequentially in Q2FY27, while operating profit rose 111.28% and net profit increased 105.36%. The operating profit outpaced revenue because expenses grew 97.78%, below the revenue growth rate.
Margin expanded, with profit quality to track
Operating margin widened by 1.24 percentage points to 25.63% as costs grew more slowly than revenue. Other income accounted for 18.49% of profit before tax, while the tax rate increased by 2.12 percentage points to 28.25%, limiting the benefit to net profit.
Third consecutive quarterly margin increase
Operating margin has risen from 23.57% in Q4FY26 to 24.39% in Q1FY27 and 25.63% in Q2FY27. The quarter's margin was 9.66 percentage points above the 15.97% median among 78 Information Technology peers that have reported.
Results were filed after market close
The consolidated results were filed after market close, so there is no market reaction to assess yet. The next comparison will show whether the higher operating margin is sustained and whether other income remains a material part of pre-tax profit.
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 | ₹317 cr | ₹158 cr | +101.07% |
| Other income | ₹16 cr | ₹8 cr | +113.84% |
| Expenses | ₹236 cr | ₹119 cr | +97.78% |
| Operating profit | ₹81 cr | ₹38 cr | +111.28% |
| Operating margin (%) | 25.63% | 24.39% | — |
| Interest | ₹4 cr | ₹1 cr | +143.62% |
| Depreciation | ₹5 cr | ₹3 cr | +98.55% |
| Profit before tax | ₹89 cr | ₹42 cr | +111.43% |
| Tax | ₹25 cr | ₹11 cr | +128.58% |
| Net profit | ₹64 cr | ₹31 cr | +105.36% |
| EPS (₹) | ₹30.36 | ₹14.78 | +105.41% |
Operating margin of 25.63% compares with a Information Technology sector median of 15.97% across 78 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 25.63% after rising for three consecutive quarters.
- Whether other income stays below or above 18.49% of profit before tax.
- Whether the tax rate moves from 28.25% in the next reported quarter.