HEC Infra's Q2 operating margin trails Industrials peer median
The consolidated quarter was primarily operating-led, with Rs 0.25 cr of other income against Rs 3.05 cr of profit before tax.
Filed 02 Nov 2026, 16:57 IST · after market close · HEC Infra Projects Ltd (HECPROJECT)
Key takeaways
- HEC Infra Projects reported consolidated operating profit of Rs 4.41 cr on revenue of Rs 43.64 cr in Q2FY27.
- Operating margin was 10.11%, 1.42 percentage points below the 11.53% median for 88 reported Industrials peers.
- Net profit was Rs 2.24 cr after Rs 1.57 cr of interest, while other income contributed Rs 0.25 cr.
Price around the results
Q2 profit was led by operations
HEC Infra Projects reported consolidated revenue of Rs 43.64 cr and operating profit of Rs 4.41 cr in Q2FY27. Net profit was Rs 2.24 cr, after interest of Rs 1.57 cr and tax of Rs 0.81 cr. Other income was Rs 0.25 cr against profit before tax of Rs 3.05 cr, so the result was not materially dependent on non-operating income.
Margin sits below the Industrials peer median
The company's operating margin of 10.11% was 1.42 percentage points below the 11.53% median among 88 Industrials peers that had reported the same quarter. It ranked 36th from the bottom in that comparison. With no sequential or year-on-year driver data provided, the quarter does not establish whether the gap came from revenue momentum or cost intensity.
Results were filed after market close
The consolidated results were filed at 16:57 IST on 02 Nov 2026, after market close. The stock response is therefore not covered here.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹44 cr |
| Other income | ₹0 cr |
| Expenses | ₹39 cr |
| Operating profit | ₹4 cr |
| Operating margin (%) | 10.11% |
| Interest | ₹2 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹2.07 |
Operating margin of 10.11% compares with a Industrials sector median of 11.53% across 88 peers that have reported Q2FY27.
What to watch
- Whether operating margin moves above or below 10.11% in the next reported quarter.
- Whether interest remains close to the Rs 1.57 cr reported in Q2FY27.
- Whether other income remains limited relative to profit before tax of Rs 3.05 cr.