CP Capital’s profit jumps 91.21% as revenue growth outpaces costs
Operating margin widened 1.48 percentage points, while the lower tax rate amplified the rise in net profit.
Filed 04 Nov 2026, 14:53 IST · CP Capital Limited (CPCAP)
Key takeaways
- On a consolidated basis, revenue grew 76.95% QoQ while expenses rose 44.69%, driving operating profit up 79.81%.
- Operating margin widened 1.48 percentage points to 93.34% because costs grew more slowly than revenue.
- Net profit rose 91.21% QoQ, helped by a 3.06-percentage-point fall in the tax rate, while other income contributed only 0.06% of pre-tax profit.
Price around the results
Revenue growth lifted operating profit
CP Capital reported consolidated revenue growth of 76.95% QoQ in Q2FY27, taking operating profit up 79.81%. The faster rise in operating profit than revenue reflects the company’s operating leverage during the quarter.
Costs supported margin expansion, while tax aided profit
Expenses increased 44.69% QoQ against revenue growth of 76.95%, widening operating margin by 1.48 percentage points to 93.34%. Interest expense still rose 44.74%, but the tax rate fell 3.06 percentage points, helping net profit grow 91.21% versus pre-tax profit growth of 83.56%. Other income was only 0.06% of pre-tax profit, so the earnings increase was not driven by non-operating income.
Margin was well above the Financial Services peer median
CP Capital’s 93.34% operating margin was 41.68 percentage points above the 51.66% median for the 93 Financial Services peers that had reported the quarter. The available quarterly trend shows margin improving from 91.86% in Q1FY27 to 93.34% in Q2FY27, but it does not establish a longer multi-quarter direction.
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 | ₹39 cr | ₹22 cr | +76.95% |
| Other income | ₹0 cr | ₹0 cr | -93.33% |
| Expenses | ₹3 cr | ₹2 cr | +44.69% |
| Operating profit | ₹36 cr | ₹20 cr | +79.81% |
| Operating margin (%) | 93.34% | 91.86% | — |
| Interest | ₹3 cr | ₹2 cr | +44.74% |
| Depreciation | ₹1 cr | ₹1 cr | +1.45% |
| Profit before tax | ₹33 cr | ₹18 cr | +83.56% |
| Tax | ₹7 cr | ₹5 cr | +61.62% |
| Net profit | ₹25 cr | ₹13 cr | +91.21% |
| EPS (₹) | ₹13.99 | ₹7.32 | +91.12% |
Operating margin of 93.34% compares with a Financial Services sector median of 51.66% across 93 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 93.34% next quarter.
- Whether expenses continue to grow more slowly than the 76.95% QoQ revenue increase.
- Whether the tax rate remains near or below 22.47%.