Inspirisys expands margin as lower taxes lift Q2 profit
Revenue grew faster than expenses QoQ, but other income still supplied 36.5% of pre-tax profit and operating margin remained below the IT peer median.
Filed 11 Nov 2026, 16:24 IST · after market close · Inspirisys Solutions Ltd (INSPIRISYS)
Key takeaways
- Consolidated revenue rose +11.98% QoQ to Rs 119.78 cr, while operating margin widened 0.66 percentage points to 6.70%.
- Net profit increased +31.94% QoQ to Rs 5.37 cr, helped by a 5.10-percentage-point fall in the tax rate to 26.03%.
- Operating margin at 6.70% was 9.52 percentage points below the median of 74 reported IT peers, placing Inspirisys 10th from the bottom.
Price around the results
Revenue growth outpaced the cost base
Consolidated revenue grew +11.98% QoQ, ahead of the +11.18% increase in expenses. That modest operating leverage lifted operating profit by +24.30% to Rs 8.03 cr and widened operating margin by 0.66 percentage points. The quarter therefore showed better operating momentum than the prior quarter, although the margin remains low relative to sector peers.
Lower tax supported profit growth
Operating margin improved because revenue grew faster than expenses, while depreciation fell -2.07% QoQ. Interest increased +8.70%, partly offsetting the operating gain. Net profit growth also benefited from the tax rate falling 5.10 percentage points to 26.03%; other income fell -3.28% QoQ but still represented 36.5% of pre-tax profit, making earnings quality an important consideration.
Margin remains below the IT peer median
Inspirisys's 6.70% operating margin was 9.52 percentage points below the 16.22% median among 74 Information Technology companies that had reported the same quarter. It ranked 10th from the bottom on this measure. The company filed these consolidated results after market close on 11 November 2026.
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 | ₹120 cr | ₹107 cr | +11.98% |
| Other income | ₹3 cr | ₹3 cr | -3.28% |
| Expenses | ₹112 cr | ₹101 cr | +11.18% |
| Operating profit | ₹8 cr | ₹6 cr | +24.30% |
| Operating margin (%) | 6.70% | 6.04% | — |
| Interest | ₹2 cr | ₹2 cr | +8.70% |
| Depreciation | ₹1 cr | ₹1 cr | -2.07% |
| Profit before tax | ₹7 cr | ₹6 cr | +22.84% |
| Tax | ₹2 cr | ₹2 cr | +2.72% |
| Net profit | ₹5 cr | ₹4 cr | +31.94% |
| EPS (₹) | ₹1.36 | ₹1.03 | +32.04% |
Operating margin of 6.70% compares with a Information Technology sector median of 16.22% across 74 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 6.70% after its 0.66-percentage-point QoQ improvement.
- Whether expenses continue to grow below revenue's +11.98% QoQ pace.
- The share of pre-tax profit contributed by other income versus 36.5%.