CMPDI margin jumps 10.89 points as revenue outpaces costs
Standalone net profit rose 67.58% QoQ, while a lower tax rate and other income also supported pre-tax earnings.
Filed 23 Oct 2026, 14:54 IST · Central Mine Planning & Design Institute Ltd (CMPDI)
Key takeaways
- Standalone operating margin widened 10.89 percentage points QoQ to 41.11% as revenue grew +23.25% while expenses rose +4.02%.
- Standalone net profit rose +67.58% QoQ to Rs 194.84 cr, helped by a 2.47-percentage-point decline in the tax rate.
- CMPDI's standalone operating margin was 29.38 percentage points above the 11.73% median for 22 Industrials peers.
Price around the results
Revenue growth sharply outpaced expense growth
CMPDI's standalone revenue rose +23.25% QoQ to Rs 593.31 cr, while expenses increased only +4.02% to Rs 349.41 cr. That spread lifted operating profit +67.69% to Rs 243.90 cr and drove the 10.89-percentage-point margin expansion.
Lower tax rate and other income lifted reported profit
The standalone tax rate fell 2.47 percentage points QoQ to 24.92%, which supported the +67.58% increase in net profit to Rs 194.84 cr. Other income accounted for 9.12% of pre-tax profit, so it was a meaningful supplement but not the main earnings driver.
Margin reached a two-quarter high and stayed well above peers
Standalone operating margin rose from 28.78% in Q4FY26 to 30.22% in Q1FY27 and 41.11% in Q2FY27, marking two consecutive quarterly increases. It was 29.38 percentage points above the 11.73% median among 22 Industrials companies that had reported the quarter.
Duke University MoU adds a new initiative
The company said it had signed a memorandum of understanding with Duke University in the United States. The presentation disclosed the initiative but provided no further financial impact in the reported material.
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 | ₹593 cr | ₹481 cr | +23.25% |
| Other income | ₹24 cr | ₹23 cr | +4.50% |
| Expenses | ₹349 cr | ₹336 cr | +4.02% |
| Operating profit | ₹244 cr | ₹145 cr | +67.69% |
| Operating margin (%) | 41.11% | 30.22% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹8 cr | ₹8 cr | +1.26% |
| Profit before tax | ₹260 cr | ₹160 cr | +62.05% |
| Tax | ₹65 cr | ₹44 cr | +47.41% |
| Net profit | ₹195 cr | ₹116 cr | +67.58% |
| EPS (₹) | ₹2.73 | ₹1.63 | +67.48% |
Operating margin of 41.11% compares with a Industrials sector median of 11.73% across 22 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +0.57% | +0.95% |
Volume on the results session was 2.48× its 20-day average.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
New initiatives
- The company signed an MoU with Duke University USA.
What to watch
- Whether standalone operating margin holds above 41.11% in the next quarter.
- Whether expense growth remains below the +23.25% revenue growth recorded this quarter.
- Whether the tax rate stays near 24.92% and other income remains within 9.12% of pre-tax profit.