DBSTOCKBRO profit falls -46.51% QoQ as operating margin narrows
Consolidated revenue fell -6.39% while expenses declined only -2.30%, and the higher tax rate compounded the operating pressure.
Filed 21 Oct 2026, 17:10 IST · after market close · DBSTOCKBRO (DBSTOCKBRO)
Key takeaways
- Consolidated net profit fell 46.51% QoQ to Rs 0.46 cr as operating profit declined 28.83%.
- Operating margin narrowed 3.72 percentage points to 12.03% because revenue fell 6.39% while expenses fell only 2.30%.
- The tax rate rose 12.20 percentage points to 32.21%, while other income contributed 0.00% of pre-tax profit.
Lower revenue drove a sharp profit decline
On a consolidated basis, revenue fell 6.39% QoQ to Rs 9.67 cr, while operating profit dropped 28.83% to Rs 1.16 cr. Net profit declined 46.51% to Rs 0.46 cr, with EPS falling 48.00% to Rs 0.13. The earnings decline was therefore steeper than the revenue contraction.
Slower cost reduction squeezed the margin
Expenses fell 2.30%, less than the 6.39% decline in revenue, reducing operating margin by 3.72 percentage points to 12.03%. Interest expense fell 17.24%, but depreciation rose 4.00%, providing only limited offset. Other income was zero, while the tax rate rose 12.20 percentage points to 32.21% even as reported tax stayed at Rs 0.22 cr.
Margin moved lower from the previous quarter
Operating margin fell from 15.75% in Q1FY27 to 12.03% in Q2FY27, marking a clear sequential deterioration. The company filed these consolidated results after market close on 21 October 2026.
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 | ₹10 cr | ₹10 cr | -6.39% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹9 cr | ₹9 cr | -2.30% |
| Operating profit | ₹1 cr | ₹2 cr | -28.83% |
| Operating margin (%) | 12.03% | 15.75% | — |
| Interest | ₹0 cr | ₹0 cr | -17.24% |
| Depreciation | ₹0 cr | ₹0 cr | +4.00% |
| Profit before tax | ₹1 cr | ₹1 cr | -37.96% |
| Tax | ₹0 cr | ₹0 cr | +0.00% |
| Net profit | ₹0 cr | ₹1 cr | -46.51% |
| EPS (₹) | ₹0.13 | ₹0.25 | -48.00% |
What to watch
- Whether revenue recovers from Rs 9.67 cr next quarter.
- Whether operating margin moves back above 12.03%.
- Whether the tax rate falls from 32.21%.