Revenue fell 30% sequentially, but operating margin edged higher
Expenses declined slightly slower than revenue, while a lower tax rate softened the fall in standalone net profit.
Filed 12 Nov 2026, 17:46 IST · after market close · COUNCODOS (COUNCODOS)
Key takeaways
- Standalone revenue fell 30.00% sequentially to Rs 2.87 cr, while operating profit declined 26.09% to Rs 0.17 cr.
- Expenses declined 29.97%, slightly slower than revenue, but operating margin improved by 0.08 percentage points to 5.78%.
- The lower 20.85% tax rate, down 3.54 percentage points, partly cushioned the sequential net-profit decline to 31.25%.
Sharp sequential revenue contraction
Standalone revenue fell 30.00% sequentially to Rs 2.87 cr, taking operating profit down 26.09% to Rs 0.17 cr. The decline was less severe at the operating-profit level, as operating margin improved by 0.08 percentage points from Q1FY27. The available quarterly trend therefore shows lower revenue and profit, but a marginally higher margin.
Costs fell slightly slower than revenue
Expenses declined 29.97%, just slower than the 30.00% revenue decline, indicating limited operating-cost flexibility in the quarter. Despite this, operating margin rose to 5.78%, while depreciation was unchanged at Rs 0.03 cr and interest remained at Rs 0.00 cr. Other income was Rs 0.00 cr, so pre-tax profit was not supported by non-operating income.
Lower tax rate softened the profit decline
Profit before tax fell 33.33% sequentially, while net profit declined 31.25% to Rs 0.11 cr. The tax rate fell by 3.54 percentage points to 20.85%, cushioning the impact on net profit. The results were filed after market close, so there is no reported market reaction yet.
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 | ₹3 cr | ₹4 cr | -30.00% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹3 cr | ₹4 cr | -29.97% |
| Operating profit | ₹0 cr | ₹0 cr | -26.09% |
| Operating margin (%) | 5.78% | 5.70% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹0 cr | ₹0 cr | -33.33% |
| Tax | ₹0 cr | ₹0 cr | -40.00% |
| Net profit | ₹0 cr | ₹0 cr | -31.25% |
| EPS (₹) | ₹0.01 | ₹0.02 | -50.00% |
What to watch
- Whether standalone revenue recovers from Rs 2.87 cr in the next reported quarter.
- Whether operating margin holds above 5.78%.
- Whether the tax rate remains near 20.85% without other income support.