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.
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 item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| 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.