Revenue growth outpaced costs, lifting standalone margin by 4.09 points
Q2FY27 revenue rose +33.11% sequentially as expenses grew +26.97%, while other income remained only 0.71% of pre-tax profit.
Filed 21 Oct 2026, 19:55 IST · after market close · DIGJAMLMTD (DIGJAMLMTD)
Key takeaways
- Standalone revenue rose 33.11% QoQ in Q2FY27 as expenses grew more slowly at 26.97%.
- Operating margin widened by 4.09 percentage points QoQ to 14.14%, indicating operating leverage.
- Standalone net profit increased 65.85% QoQ, while the 0.0% tax rate meant there was no tax charge.
Q2FY27 revenue growth outpaced costs
Standalone revenue increased 33.11% QoQ, while expenses rose 26.97%. The gap between revenue and expense growth helped operating profit rise 86.67% QoQ, ahead of the sales increase.
Operating leverage drove the margin expansion
Operating margin improved by 4.09 percentage points QoQ to 14.14% because costs grew more slowly than revenue. Other income accounted for just 0.71% of pre-tax profit, so it was not a material driver of earnings. The 0.0% tax rate also meant reported net profit was not reduced by a tax charge.
Sequential improvement, with results filed after the close
The operating margin increased from 10.05% in Q1FY27 to 14.14% in Q2FY27, marking a clear sequential improvement. The standalone results were filed after market close on 21 October 2026.
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 | ₹10 cr | ₹7 cr | +33.11% |
| Other income | ₹0 cr | ₹0 cr | -92.86% |
| Expenses | ₹9 cr | ₹7 cr | +26.97% |
| Operating profit | ₹1 cr | ₹1 cr | +86.67% |
| Operating margin (%) | 14.14% | 10.05% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹1 cr | ₹1 cr | +60.92% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹1 cr | ₹1 cr | +65.85% |
| EPS (₹) | ₹0.68 | ₹0.41 | +65.85% |
What to watch
- Whether operating margin holds above 14.14% in the next quarter.
- Whether expense growth remains below the 33.11% revenue growth recorded in Q2FY27.
- Whether other income remains a minor contributor relative to its 0.71% share of pre-tax profit.