FDC profit drops 62.97% as operating margin falls 10.18 percentage points
Revenue fell 14.31% sequentially, but expenses declined only 3.21%; other income still supplied 27.43% of pre-tax profit.
Filed 27 Oct 2026, 19:24 IST · after market close · FDC Ltd (FDC)
Key takeaways
- Consolidated net profit fell 62.97% sequentially to Rs 49.06 cr as revenue declined 14.31%.
- Operating margin narrowed 10.18 percentage points to 11.24% because expenses fell only 3.21% against the 14.31% revenue decline.
- Other income contributed 27.43% of pre-tax profit, while the tax rate rose 0.84 percentage points to 25.0%.
Price around the results
Revenue decline drives a sharp sequential profit fall
FDC's consolidated Q2FY27 revenue fell 14.31% sequentially to Rs 572.14 cr, while net profit fell 62.97% to Rs 49.06 cr. The results were filed after market close on 27 Oct 2026.
Costs compressed operating margin; other income remained material
Expenses fell 3.21%, much less than revenue, leaving operating profit down 55.04% and operating margin lower by 10.18 percentage points. Other income fell 62.36% but still accounted for 27.43% of pre-tax profit, while the 0.84-percentage-point rise in the tax rate added to the pressure on net profit.
FDC ranks near the bottom of reported healthcare peers
FDC's 11.24% operating margin was 9.72 percentage points below the 20.96% median for 18 healthcare peers that had reported the quarter. It was the third-lowest margin in that comparison, after falling from 21.42% in Q1FY27.
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 | ₹572 cr | ₹668 cr | -14.31% |
| Other income | ₹18 cr | ₹48 cr | -62.36% |
| Expenses | ₹508 cr | ₹525 cr | -3.21% |
| Operating profit | ₹64 cr | ₹143 cr | -55.04% |
| Operating margin (%) | 11.24% | 21.42% | — |
| Interest | ₹1 cr | ₹1 cr | +1.20% |
| Depreciation | ₹16 cr | ₹15 cr | +5.62% |
| Profit before tax | ₹65 cr | ₹175 cr | -62.56% |
| Tax | ₹16 cr | ₹42 cr | -61.27% |
| Net profit | ₹49 cr | ₹132 cr | -62.97% |
| EPS (₹) | ₹3.01 | ₹8.14 | -63.02% |
Operating margin of 11.24% compares with a Healthcare sector median of 20.96% across 18 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 11.24% after the 10.18-percentage-point sequential decline.
- Whether other income remains near its 27.43% share of pre-tax profit.
- Whether expenses continue to decline more slowly than revenue, compared with -3.21% versus -14.31% sequentially.