Revenue rose +243.15% QoQ, but other income turned negative
Net profit grew +51.12% despite a 12.26-point rise in the tax rate, while operating margin widened 0.70 percentage points.
Filed 13 Nov 2026, 02:33 IST · Jindal Poly Investment & Finance Company Ltd (JPOLYINVST)
Key takeaways
- Consolidated revenue rose +243.15% QoQ to Rs 30.3 cr, while expenses increased only +30.00%.
- Net profit increased +51.12% QoQ to Rs 20.99 cr despite the tax rate rising 12.26 percentage points.
- Other income turned negative at Rs -3.41 cr and represented -12.90% of pre-tax profit.
Price around the results
Revenue surge drove the consolidated profit increase
Jindal Poly Investment & Finance reported consolidated revenue growth of +243.15% QoQ in Q2FY27, compared with expense growth of +30.00%. That operating leverage lifted operating profit by +245.59% and kept the operating margin near 100%, up 0.70 percentage points from Q1FY27. Pre-tax profit rose +74.46%, while net profit increased +51.12%.
Negative other income offset part of operating gains
Other income fell from Rs 6.74 cr in Q1FY27 to Rs -3.41 cr in Q2FY27, equal to -12.90% of pre-tax profit in the latest quarter. Interest expense increased only +3.13%, so the main non-operating drag was the swing in other income. The tax rate rose from 8.32% to 20.58%, or 12.26 percentage points, limiting the conversion of pre-tax growth into net profit growth.
Margin was well above the reported financial-services peer median
The company’s 99.57% operating margin was 47.91 percentage points above the 51.66% median for 119 Financial Services peers that had reported the same quarter. Sequentially, margin improved from 98.87% in Q1FY27, but the available trend covers only the immediately preceding quarter, so it does not establish a multi-quarter direction.
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 | ₹30 cr | ₹9 cr | +243.15% |
| Other income | ₹-3 cr | ₹7 cr | — |
| Expenses | ₹0 cr | ₹0 cr | +30.00% |
| Operating profit | ₹30 cr | ₹9 cr | +245.59% |
| Operating margin (%) | 99.57% | 98.87% | — |
| Interest | ₹0 cr | ₹0 cr | +3.13% |
| Depreciation | ₹0 cr | ₹0 cr | — |
| Profit before tax | ₹26 cr | ₹15 cr | +74.46% |
| Tax | ₹5 cr | ₹1 cr | +331.75% |
| Net profit | ₹21 cr | ₹14 cr | +51.12% |
| EPS (₹) | ₹19.97 | ₹13.22 | +51.06% |
Operating margin of 99.57% compares with a Financial Services sector median of 51.66% across 119 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +0.07% | +0.68% |
Volume on the results session was 0.61× its 20-day average.
What to watch
- Whether operating margin remains near 99.57% in the next quarter.
- Whether other income recovers from Rs -3.41 cr or remains a drag on pre-tax profit.
- Whether the tax rate stays above the Q1FY27 level of 8.32%.