Net profit rises 36.01% QoQ despite a slight margin squeeze
Revenue grew 34.73%, but expenses grew faster; the lower 20.45% tax rate also supported profit growth.
Filed 03 Nov 2026, 15:05 IST · Inventure Growth & Securities Ltd (INVENTURE)
Key takeaways
- Consolidated net profit rose +36.01% QoQ to Rs 6.27 cr as revenue increased +34.73% to Rs 17.73 cr.
- Operating margin slipped 0.27 percentage points to 46.31% QoQ because expenses grew +35.42%, faster than revenue at +34.73%.
- The tax rate fell 4.82 percentage points to 20.45%, while other income contributed only 2.03% of profit before tax.
Price around the results
Revenue growth came with faster cost growth
In Q2FY27, consolidated revenue increased +34.73% QoQ, while operating profit grew +33.93%. Expenses rose +35.42%, outpacing revenue and narrowing operating margin by 0.27 percentage points to 46.31%.
Lower tax rate supported profit conversion
Profit before tax grew +27.71% QoQ, below the +36.01% increase in net profit, as the tax rate fell 4.82 percentage points to 20.45%. Interest expense declined +63.77%, while other income accounted for only 2.03% of profit before tax, limiting its contribution to earnings quality.
Margin trails the reported financial-services peer median
Among 79 Financial Services companies that had reported the quarter, Inventure's 46.31% operating margin was 4.29 percentage points below the sector median of 50.6%. The company ranked 38th from the bottom on this measure.
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 | ₹18 cr | ₹13 cr | +34.73% |
| Other income | ₹0 cr | ₹1 cr | -83.51% |
| Expenses | ₹10 cr | ₹7 cr | +35.42% |
| Operating profit | ₹8 cr | ₹6 cr | +33.93% |
| Operating margin (%) | 46.31% | 46.58% | — |
| Interest | ₹0 cr | ₹1 cr | -63.77% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹8 cr | ₹6 cr | +27.71% |
| Tax | ₹2 cr | ₹2 cr | +3.21% |
| Net profit | ₹6 cr | ₹5 cr | +36.01% |
| EPS (₹) | ₹0.06 | ₹0.04 | +50.00% |
Operating margin of 46.31% compares with a Financial Services sector median of 50.60% across 79 peers that have reported Q2FY27.
What to watch
- Whether operating margin stays at or above 46.31% after the 0.27-percentage-point QoQ decline.
- Whether expenses grow more slowly than revenue after +35.42% versus +34.73% QoQ.
- Whether the tax rate remains near 20.45% after falling 4.82 percentage points QoQ.