Era Infra returns to profit as operating margin rebounds in Q2FY27
Expenses fell faster than revenue grew, while lower interest costs supported the sequential turnaround; the results were filed after market close.
Filed 13 Nov 2026, 21:50 IST · after market close · ERAINFRA (ERAINFRA)
Key takeaways
- Consolidated operating margin recovered 70.84 percentage points QoQ to 6.36% as expenses fell 37.59% while revenue rose 9.62%.
- Net profit returned to Rs 1.26 cr, but a 0.00% tax rate boosted the reported result; other income was only 7.14% of pre-tax profit.
- Interest expense declined 30.23% QoQ, supporting the move from a Rs 14.01 cr operating loss in Q1FY27 to a Rs 1.52 cr operating profit.
Revenue growth and cost control reversed the Q1 loss
On a consolidated basis, revenue rose 9.62% QoQ while expenses fell 37.59%. That moved operating profit from a Rs 14.01 cr loss in Q1FY27 to a Rs 1.52 cr profit and lifted operating margin by 70.84 percentage points to 6.36%.
Profit was mainly operating, but the tax rate lifted net profit
Interest expense fell 30.23% QoQ, adding to the operating recovery. Other income contributed 7.14% of pre-tax profit, so the quarter was not primarily driven by non-operating income. However, the 0.00% tax rate meant the Rs 1.26 cr net profit was reported without a tax charge.
Q2FY27 marks a sharp sequential rebound, not yet a multi-quarter trend
Operating margin improved from -64.48% in Q1FY27 to 6.36% in Q2FY27, making this a clear sequential recovery. The results were filed after market close on 13 Nov 2026, so there is no post-results market move to assess.
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 | ₹24 cr | ₹22 cr | +9.62% |
| Other income | ₹0 cr | ₹7 cr | -98.65% |
| Expenses | ₹22 cr | ₹36 cr | -37.59% |
| Operating profit | ₹2 cr | ₹-14 cr | — |
| Operating margin (%) | 6.36% | -64.48% | — |
| Interest | ₹0 cr | ₹0 cr | -30.23% |
| Depreciation | ₹0 cr | ₹0 cr | +66.67% |
| Profit before tax | ₹1 cr | ₹-8 cr | — |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹1 cr | ₹-8 cr | — |
| EPS (₹) | ₹5.59 | ₹-31.92 | — |
What to watch
- Whether operating margin holds above 6.36% in the next quarter.
- Whether expenses remain below the Q1FY27 level of Rs 35.75 cr as revenue builds on the 9.62% QoQ increase.
- Whether interest expense stays below Rs 0.30 cr after declining 30.23% QoQ.