Kalyani Investment profit surges as revenue jumps 705% QoQ
Lower expenses and a reduced tax rate lifted profit, while negative other income remained a drag on pre-tax earnings.
Filed 04 Nov 2026, 16:07 IST · after market close · Kalyani Investment Company Ltd (KICL)
Key takeaways
- Consolidated net profit rose +4,858.82% QoQ to Rs 33.72 cr as revenue increased +705.21%.
- Operating margin widened 38.90 percentage points to 94.62% because expenses fell 1.90% while revenue surged.
- The 22.33% tax rate was 8.79 percentage points lower QoQ, while negative other income represented -4.40% of pre-tax profit.
Price around the results
Revenue surge drove the sharp profit rebound
Kalyani Investment’s consolidated revenue rose +705.21% QoQ, while expenses declined 1.90%. That combination lifted operating profit from Rs 3.31 cr to Rs 45.33 cr and pushed net profit from Rs 0.68 cr to Rs 33.72 cr. The results were filed after market close.
Margin expansion came from revenue growth, not higher costs
Revenue grew sharply while expenses fell, widening operating margin by 38.90 percentage points to 94.62%. The lower tax rate also supported reported profit: it fell from 31.12% to 22.33%, a decline of 8.79 percentage points. Other income was negative at Rs -1.91 cr and reduced pre-tax profit, contributing -4.40% of it.
Margin was well above the Financial Services peer median
Kalyani Investment’s operating margin was 42.96 percentage points above the 51.66% median for 93 Financial Services peers that had reported the quarter. The available quarterly series shows margin rising from 55.72% in Q1FY27 to 94.62% in Q2FY27. There is no year-on-year comparison in the reported period.
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 | ₹48 cr | ₹6 cr | +705.21% |
| Other income | ₹-2 cr | ₹-2 cr | +17.67% |
| Expenses | ₹3 cr | ₹3 cr | -1.90% |
| Operating profit | ₹45 cr | ₹3 cr | +1269.49% |
| Operating margin (%) | 94.62% | 55.72% | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | — |
| Profit before tax | ₹43 cr | ₹1 cr | +4285.86% |
| Tax | ₹10 cr | ₹0 cr | +3029.03% |
| Net profit | ₹34 cr | ₹1 cr | +4858.82% |
| EPS (₹) | ₹77.25 | ₹1.57 | +4820.38% |
Operating margin of 94.62% compares with a Financial Services sector median of 51.66% across 93 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 94.62% after rising 38.90 percentage points QoQ.
- Whether revenue remains above Rs 47.91 cr after its +705.21% QoQ increase.
- Whether the tax rate stays near 22.33% versus 31.12% in Q1FY27.