Sri Havisha narrows loss as operating margin improves 9.47 percentage points
Revenue rose +8.68% QoQ and expenses fell -0.63%, but interest and depreciation kept the standalone company in loss.
Filed 12 Nov 2026, 17:33 IST · after market close · Sri Havisha Hospitality & Infrastructure Ltd (HAVISHA)
Key takeaways
- Standalone operating margin improved by 9.47 percentage points QoQ as revenue grew +8.68% while expenses fell -0.63%.
- Standalone net loss narrowed by +15.38% QoQ to Rs 1.54 cr despite interest expense rising +2.40%.
- Operating margin was 12.82 percentage points below the 11.23% median of 329 Consumer Discretionary peers.
Price around the results
Revenue growth reduces the operating loss
Sri Havisha’s standalone revenue rose +8.68% QoQ to Rs 3.13 cr, while expenses declined -0.63% to Rs 3.18 cr. The combination narrowed the operating loss from Rs 0.32 cr to Rs 0.05 cr and lifted operating margin by 9.47 percentage points to -1.59%. The standalone net loss narrowed from Rs 1.82 cr to Rs 1.54 cr.
Interest remains the main drag below operating profit
Interest expense increased +2.40% QoQ to Rs 1.28 cr, while depreciation was unchanged at Rs 0.64 cr. Other income accounted for -27.92% of profit before tax, so it did not offset the pre-tax loss. The 0.00% tax rate did not change the outcome because profit before tax remained negative.
Margin remains below the reported peer median
The standalone operating margin of -1.59% was 12.82 percentage points below the 11.23% median among 329 Consumer Discretionary peers that had reported the quarter. The result ranked 28th from the bottom on operating margin in that peer set.
Results filed after market close
The company filed its standalone Q2FY27 results after market close. This readout does not assess a post-results stock reaction.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹3 cr | ₹3 cr | +8.68% |
| Other income | ₹0 cr | ₹0 cr | +10.26% |
| Expenses | ₹3 cr | ₹3 cr | -0.63% |
| Operating profit | ₹-0 cr | ₹-0 cr | +84.38% |
| Operating margin (%) | -1.59% | -11.06% | — |
| Interest | ₹1 cr | ₹1 cr | +2.40% |
| Depreciation | ₹1 cr | ₹1 cr | +0.00% |
| Profit before tax | ₹-2 cr | ₹-2 cr | +15.38% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-2 cr | ₹-2 cr | +15.38% |
| EPS (₹) | ₹-0.05 | ₹-0.06 | +16.67% |
Operating margin of -1.59% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether standalone operating margin moves above -1.59% in the next quarter.
- Whether interest expense falls below Rs 1.28 cr while depreciation remains at Rs 0.64 cr.
- Whether expenses remain below Rs 3.18 cr as revenue builds on Rs 3.13 cr.