Profit jumps as other income supplies 62.82% of pre-tax profit
Consolidated profit rose +449.07% QoQ, but operating margin fell 2.01 percentage points as expenses grew faster than revenue.
Filed 12 Nov 2026, 18:21 IST · after market close · Global Education Ltd (GLOBAL)
Key takeaways
- Consolidated net profit rose +449.07% QoQ, helped by other income contributing 62.82% of pre-tax profit.
- Operating margin narrowed 2.01 percentage points to 39.02% as expenses grew +108.82%, faster than revenue at +101.92%.
- Global Education's operating margin was 27.79 percentage points above the Consumer Discretionary median of 11.23% across 329 reported peers.
Price around the results
Revenue growth did not fully reach operating profit
Global Education reported consolidated revenue growth of +101.92% QoQ, but expenses grew faster at +108.82%, limiting operating-profit growth to +92.01%. That cost mismatch reduced operating margin by 2.01 percentage points to 39.02%. The results were filed after market close on 12 Nov 2026.
Other income was central to the profit increase
Other income rose to Rs 17.17 cr from Rs 0.17 cr in Q1FY27 and accounted for 62.82% of pre-tax profit. This made the sharp +449.07% QoQ increase in net profit less representative of operating performance alone. The tax rate also fell 0.77 percentage points to 24.67%, providing a further lift to reported profit.
Operating margin stood well above the sector median
Global Education's 39.02% operating margin was 27.79 percentage points above the 11.23% median for the 329 Consumer Discretionary peers that had reported the quarter. With only Q1FY27 available for comparison, the quarter shows a sequential margin decline rather than a multi-quarter trend.
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 | ₹28 cr | ₹14 cr | +101.92% |
| Other income | ₹17 cr | ₹0 cr | +10000.00% |
| Expenses | ₹17 cr | ₹8 cr | +108.82% |
| Operating profit | ₹11 cr | ₹6 cr | +92.01% |
| Operating margin (%) | 39.02% | 41.03% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹1 cr | ₹1 cr | +1.12% |
| Profit before tax | ₹27 cr | ₹5 cr | +443.34% |
| Tax | ₹7 cr | ₹1 cr | +426.56% |
| Net profit | ₹21 cr | ₹4 cr | +449.07% |
| EPS (₹) | ₹4.04 | ₹0.74 | +445.95% |
Operating margin of 39.02% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 39.02% after the 2.01-percentage-point QoQ decline.
- Whether expenses grow slower than revenue after rising +108.82% versus revenue growth of +101.92%.
- Whether other income's 62.82% share of pre-tax profit falls in the next quarter.