Healthcare · Q2FY27 · Consolidated

Fabtech lifts operating margin 5.32 points as revenue outpaces costs

But other income supplied 64.00% of pre-tax profit, while the 10.98% margin remained 8.92 points below the healthcare peer median.

By Ashutosh

Filed 28 Oct 2026, 20:51 IST · after market close · Fabtech Technologies Ltd (FABTECH)

Key takeaways

  • Revenue grew +22.82% qoq while expenses rose +15.88%, expanding operating margin by 5.32 percentage points to 10.98%.
  • Other income accounted for 64.00% of consolidated pre-tax profit, making the profit increase less reliant on operating earnings.
  • Fabtech’s 10.98% operating margin was 8.92 percentage points below the healthcare peer median, ranking third from the bottom among 23 reporters.

Price around the results

Revenue growth brought operating leverage

On a consolidated basis, revenue rose +22.82% qoq to Rs 92.09 cr, while expenses increased +15.88% to Rs 81.97 cr. Because costs grew slower than revenue, operating profit increased +137.88% and operating margin widened by 5.32 percentage points to 10.98%.

Other income drove much of pre-tax profit

Other income rose to Rs 13.90 cr from Rs 3.14 cr, contributing 64.00% of pre-tax profit. This helped lift pre-tax profit by +315.30% qoq, while the tax rate increased by 11.30 percentage points to 30.84%, so the net-profit increase was not helped by a lower tax rate.

Margin improved from Q1 but trails healthcare peers

Operating margin increased from 5.66% in Q1FY27 to 10.98% in Q2FY27, although the available trend covers only these two quarters and does not establish a longer direction. Among 23 healthcare companies that have reported, Fabtech’s margin was 8.92 percentage points below the 19.90% median and ranked third from the bottom. The consolidated results were filed after market close on 28 Oct 2026.

Q2FY27 at a glance

Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.

Line itemQ2FY27Q1FY27QoQ
Revenue₹92 cr₹75 cr+22.82%
Other income₹14 cr₹3 cr+342.68%
Expenses₹82 cr₹71 cr+15.88%
Operating profit₹10 cr₹4 cr+137.88%
Operating margin (%)10.98%5.66%—
Interest₹1 cr₹1 cr+19.77%
Depreciation₹1 cr₹1 cr-3.08%
Profit before tax₹22 cr₹5 cr+315.30%
Tax₹7 cr₹1 cr+556.86%
Net profit₹15 cr₹4 cr+256.77%
EPS (₹)₹3.38₹0.95+255.79%

Operating margin of 10.98% compares with a Healthcare sector median of 19.90% across 23 peers that have reported Q2FY27.

What to watch

  • Whether operating margin holds above 10.98% next quarter.
  • Whether expenses continue to grow slower than revenue after +15.88% versus +22.82% qoq.
  • Whether other income remains a similar share of pre-tax profit after contributing 64.00% in Q2FY27.