INDLMETER swings to Rs 7.66 cr profit with 28.15% operating margin
Zero other income supported the quality of operating earnings, but a 0.0% tax rate meant all reported pre-tax profit flowed into net profit.
Filed 03 Nov 2026, 18:05 IST · after market close · INDLMETER (INDLMETER)
Key takeaways
- Consolidated operating profit of Rs 10.5 cr translated into a 28.15% operating margin in Q2FY27.
- Net profit of Rs 7.66 cr matched pre-tax profit because the reported tax rate was 0.0%.
- The available trend shows a reversal from a -47.42% operating margin and Rs -2.0 cr pre-tax loss in Q1FY26.
Operating profit reached Rs 10.5 cr
Revenue of Rs 37.3 cr exceeded expenses of Rs 26.8 cr by Rs 10.5 cr, producing a 28.15% operating margin. With other income at Rs 0.0 cr, the quarter's reported earnings were generated from operations rather than investment or treasury income. The results are consolidated.
Interest and depreciation reduced pre-tax profit
Interest of Rs 1.74 cr and depreciation of Rs 1.1 cr reduced operating profit to pre-tax profit of Rs 7.66 cr. The reported 0.0% tax rate left pre-tax profit fully reflected in net profit, so the tax line flattered the conversion from pre-tax to reported earnings.
A sharp reversal from the available trend
The available trend shows Q1FY26 at a -47.42% operating margin and a Rs -2.0 cr pre-tax loss, versus a 28.15% margin and Rs 7.66 cr pre-tax profit in Q2FY27. There are no reported year-on-year or sequential comparison blocks, so this does not establish a quarterly growth pattern.
Results were filed after market close
The consolidated results were filed after market close on 03 Nov 2026. No market reaction is covered here because the filing was too fresh for a reported response.
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 | ₹37 cr |
| Other income | ₹0 cr |
| Expenses | ₹27 cr |
| Operating profit | ₹11 cr |
| Operating margin (%) | 28.15% |
| Interest | ₹2 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹8 cr |
| Tax | ₹0 cr |
| Net profit | ₹8 cr |
| EPS (₹) | ₹8.87 |
What to watch
- Whether operating margin holds above 28.15%.
- Whether the tax rate remains at 0.0% or reduces the conversion of Rs 7.66 cr pre-tax profit into net profit.
- Whether interest stays below the current Rs 1.74 cr burden.