Cinevista's Q2 margin falls 4.18 points as revenue drops 31.91%
Expenses declined less than revenue, while the lower tax rate softened the sequential fall in net profit.
Filed 27 Oct 2026, 17:21 IST · after market close · Cinevista Ltd (CINEVISTA)
Key takeaways
- Consolidated revenue fell 31.91% quarter on quarter to Rs 5.1 cr, while expenses declined only 27.71%, narrowing operating margin by 4.18 percentage points.
- Net profit fell 41.00% to Rs 0.59 cr, with the lower 31.00% tax rate partly cushioning the 52.25% decline in profit before tax.
- Operating margin at 26.92% remained 14.70 percentage points above the 12.22% median for 65 Consumer Discretionary peers that have reported.
Price around the results
Revenue contraction reduces operating profit
Cinevista's consolidated revenue declined 31.91% quarter on quarter, and operating profit fell 41.20% to Rs 1.37 cr. The sharper operating-profit decline reflects the fact that expenses fell 27.71%, slower than revenue. Cinevista filed the results after market close on 27 Oct 2026.
Margin decline extends across the last three quarters
Operating margin narrowed by 4.18 percentage points to 26.92% from 31.10% in Q1FY27, after falling from 42.55% in Q4FY26. This is a second consecutive quarterly decline in margin. Interest expense fell 8.16%, but depreciation rose 14.29%, offering limited offset to the operating pressure.
Lower tax rate cushions profit decline
Profit before tax declined 52.25%, while net profit fell 41.00% as the tax rate dropped by 12.84 percentage points to 31.00%. Other income contributed 0.00% of profit before tax, so reported earnings were not supported by non-operating income. The 26.92% operating margin was still 14.70 percentage points above the 12.22% median among 65 reported Consumer Discretionary peers.
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 | ₹5 cr | ₹7 cr | -31.91% |
| Other income | ₹0 cr | ₹0 cr | -100.00% |
| Expenses | ₹4 cr | ₹5 cr | -27.71% |
| Operating profit | ₹1 cr | ₹2 cr | -41.20% |
| Operating margin (%) | 26.92% | 31.10% | — |
| Interest | ₹0 cr | ₹0 cr | -8.16% |
| Depreciation | ₹0 cr | ₹0 cr | +14.29% |
| Profit before tax | ₹1 cr | ₹2 cr | -52.25% |
| Tax | ₹0 cr | ₹1 cr | -66.67% |
| Net profit | ₹1 cr | ₹1 cr | -41.00% |
| EPS (₹) | ₹0.10 | ₹0.17 | -41.18% |
Operating margin of 26.92% compares with a Consumer Discretionary sector median of 12.22% across 65 peers that have reported Q2FY27.
What to watch
- Whether revenue recovers from Rs 5.1 cr after the 31.91% sequential decline.
- Whether operating margin holds above 26.92% after two consecutive quarterly declines.
- Whether the tax rate remains near or below 31.00% without support from other income.