Capri Global's profit rises 77.26% as margin reaches 69.29%
Revenue growth outpaced expenses both year on year and sequentially, lifting operating margin for the second straight quarter.
Filed 27 Oct 2026, 21:25 IST · after market close · Capri Global Capital Ltd (CGCL)
Key takeaways
- Consolidated net profit rose 77.26% year on year to Rs 418.33 cr as revenue grew 59.23%, while expenses rose 45.14%.
- Operating margin expanded 2.98 percentage points year on year to 69.29%, with revenue growth outpacing expense growth.
- Other income contributed just 0.42% of pre-tax profit, so the quarter's earnings were not materially supported by non-operating income.
Price around the results
Revenue growth accelerated into Q2FY27
Consolidated revenue increased 59.23% year on year and 13.27% sequentially to Rs 1,785.60 cr. Net profit grew faster than revenue at 77.26% year on year and 18.38% sequentially, reaching Rs 418.33 cr. The results were filed after market close.
Lower cost growth lifted operating margin
Expenses rose 45.14% year on year against 59.23% revenue growth, expanding operating margin by 2.98 percentage points. Sequentially, revenue grew 13.27% while expenses increased 10.58%, adding 0.75 percentage points to operating margin. Interest expense still increased 11.19% sequentially, but the tax rate was broadly stable, rising 0.08 percentage points.
Margin has improved for two straight quarters
Operating margin rose from 64.95% in Q4FY26 to 68.54% in Q1FY27 and 69.29% in Q2FY27. It was 8.00 percentage points above the 61.29% median for the 35 Financial Services peers that had reported the same quarter. Other income accounted for only 0.42% of pre-tax profit, limiting the risk of earnings being flattered by non-operating gains.
Historical results reaction has usually been negative
There has been no post-results market reaction covered yet because the filing came after market close. Across the previous eight results reactions, the stock fell seven times and rose once; the median absolute move was 4.66%, putting the historical pattern on the negative side.
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 | YoY |
|---|---|---|---|---|
| Revenue | ₹1,786 cr | ₹1,576 cr | +13.27% | +59.23% |
| Other income | ₹2 cr | ₹5 cr | -50.74% | -7.54% |
| Expenses | ₹548 cr | ₹496 cr | +10.58% | +45.14% |
| Operating profit | ₹1,237 cr | ₹1,081 cr | +14.50% | +66.39% |
| Operating margin (%) | 69.29% | 68.54% | — | — |
| Interest | ₹652 cr | ₹586 cr | +11.19% | +60.67% |
| Depreciation | ₹30 cr | ₹29 cr | +5.66% | +16.72% |
| Profit before tax | ₹557 cr | ₹470 cr | +18.51% | +77.33% |
| Tax | ₹139 cr | ₹117 cr | +18.90% | +77.50% |
| Net profit | ₹418 cr | ₹353 cr | +18.38% | +77.26% |
| EPS (₹) | ₹4.35 | ₹3.67 | +18.53% | +77.55% |
Operating margin of 69.29% compares with a Financial Services sector median of 61.29% across 35 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 69.29% after rising for two straight quarters.
- Whether revenue growth remains ahead of expense growth after the 59.23% versus 45.14% year-on-year gap.
- Whether interest expense growth moderates from 11.19% sequentially.