DTIL profit jumps 303.10% as other income and tax rate lift Q2
Revenue grew 77.58% sequentially, but faster expense growth cut operating margin by 9.52 percentage points.
Filed 06 Nov 2026, 19:13 IST · after market close · DTIL (DTIL)
Key takeaways
- DTIL’s consolidated operating margin fell 9.52 percentage points qoq to 14.28% as expenses grew 99.75%, faster than revenue at 77.58%.
- Net profit rose 303.10% qoq to Rs 18.22 cr, but other income contributed 54.12% of pre-tax profit.
- The tax rate fell 37.92 percentage points qoq to 21.87%, amplifying the increase in reported profit.
Revenue growth did not translate into operating leverage
DTIL’s consolidated revenue increased 77.58% qoq, but expenses rose 99.75%, leaving operating profit up only 6.56%. The faster cost growth pulled operating margin down from 23.80% in Q1FY27 to 14.28% in Q2FY27, a decline of 9.52 percentage points.
Other income and tax drove the profit increase
Net profit increased 303.10% qoq as other income rose 1,228.42% and accounted for 54.12% of pre-tax profit. The tax rate also fell from 59.79% to 21.87%, a 37.92-percentage-point decline, so the reported profit increase was not driven by operating performance alone. Interest expense rose 14.71% qoq, adding to the pressure below operating profit.
Q2FY27 was filed after market close
The results were filed after market close, so there is no market reaction to assess yet. With no year-on-year comparison in the reported period, the clearest signal is the sequential margin decline from 23.80% in Q1FY27 to 14.28% in Q2FY27.
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 | ₹151 cr | ₹85 cr | +77.58% |
| Other income | ₹13 cr | ₹1 cr | +1228.42% |
| Expenses | ₹130 cr | ₹65 cr | +99.75% |
| Operating profit | ₹22 cr | ₹20 cr | +6.56% |
| Operating margin (%) | 14.28% | 23.80% | — |
| Interest | ₹6 cr | ₹5 cr | +14.71% |
| Depreciation | ₹5 cr | ₹5 cr | +3.29% |
| Profit before tax | ₹23 cr | ₹11 cr | +107.47% |
| Tax | ₹5 cr | ₹7 cr | -24.11% |
| Net profit | ₹18 cr | ₹5 cr | +303.10% |
| EPS (₹) | ₹17.34 | ₹4.30 | +303.26% |
What to watch
- Whether operating margin recovers from 14.28% after the 9.52-percentage-point qoq decline.
- Whether expense growth moderates from 99.75% against revenue growth of 77.58%.
- Whether other income remains a major contributor after accounting for 54.12% of Q2FY27 pre-tax profit.