Hybridfin's margin jumps as other income drives profit doubling
Revenue rose 7.48% sequentially, while lower expenses lifted operating margin by 9.72 percentage points.
Filed 02 Nov 2026, 14:46 IST · HYBRIDFIN (HYBRIDFIN)
Key takeaways
- Standalone revenue rose 7.48% sequentially while expenses fell 5.56%, lifting operating margin by 9.72 percentage points.
- Other income increased 102.27% sequentially and accounted for 76.72% of profit before tax.
- Net profit doubled sequentially to Rs 1.16 cr, helped by a zero tax rate and higher other income.
Revenue growth came with lower expenses
HYBRIDFIN reported standalone results for Q2FY27. Revenue grew 7.48% sequentially, while expenses declined 5.56%, so operating profit rose 66.67% and operating margin widened by 9.72 percentage points. This was an improvement from the 16.35% margin in Q1FY27.
Other income drove most of the pretax profit
Other income more than doubled sequentially, rising 102.27% to Rs 0.89 cr, and made up 76.72% of profit before tax. That lifted pretax profit by 100.00% to Rs 1.16 cr. The tax rate remained 0.00%, so the full pretax profit flowed through to net profit.
Sequential momentum improved, but there is no year-on-year comparison
The quarter showed stronger operating momentum than Q1FY27: revenue grew while expenses contracted, and operating margin expanded from 16.35% to 26.07%. With only one earlier quarter in the reported trend, the data does not establish a multi-quarter direction. The results were filed before market close, and no post-results stock reaction is covered here.
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 | ₹1 cr | ₹1 cr | +7.48% |
| Other income | ₹1 cr | ₹0 cr | +102.27% |
| Expenses | ₹1 cr | ₹1 cr | -5.56% |
| Operating profit | ₹0 cr | ₹0 cr | +66.67% |
| Operating margin (%) | 26.07% | 16.35% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | -33.33% |
| Profit before tax | ₹1 cr | ₹1 cr | +100.00% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹1 cr | ₹1 cr | +100.00% |
| EPS (₹) | ₹0.40 | ₹0.20 | +100.00% |
What to watch
- Whether operating margin holds above 26.07% in the next quarter.
- Whether other income remains a large contributor after accounting for 76.72% of Q2FY27 profit before tax.
- Whether the tax rate remains at 0.00%.