Kingfa's 8.13% margin trails Industrials median by 3.37 points
Standalone revenue rose versus the available trend point, but operating profit was broadly unchanged and other income supported pre-tax profit.
Filed 05 Nov 2026, 16:47 IST · after market close · Kingfa Science & Technology (India) Ltd (KINGFA)
Key takeaways
- Revenue reached Rs 723.08 cr, but operating profit was Rs 58.80 cr, leaving operating margin at 8.13%.
- Operating margin was 3.37 percentage points below the 11.5% median for 178 reported Industrials peers.
- Other income of Rs 14.11 cr supported profit before tax of Rs 63.49 cr, so reported net profit of Rs 47.03 cr was not solely an operating outcome.
Price around the results
Revenue scale did not translate into operating profit
Kingfa reported standalone revenue of Rs 723.08 cr and operating profit of Rs 58.80 cr in Q2FY27. Against the Q1FY26 point in the available trend, revenue was higher than Rs 461.93 cr, while operating profit was broadly similar to Rs 57.92 cr. That spread explains why operating margin was 8.13% this quarter versus 12.54% at the earlier trend point.
Margin sits below the Industrials peer median
Kingfa's 8.13% operating margin was 3.37 percentage points below the 11.5% median for 178 Industrials peers that had reported the same quarter. Expenses were Rs 664.28 cr against operating profit of Rs 58.80 cr, leaving limited conversion of revenue into operating earnings. Other income of Rs 14.11 cr was a meaningful support to profit before tax of Rs 63.49 cr, while the tax rate was 25.92%.
Net profit improved despite the weaker operating margin
Net profit was Rs 47.03 cr and EPS was Rs 34.71, compared with Rs 39.79 cr and Rs 32.86 respectively at the Q1FY26 point in the available trend. The improvement in reported profit therefore came alongside a lower operating margin, with other income also contributing to the pre-tax result. The results were filed after market close, so there is no market reaction to assess yet.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹723 cr |
| Other income | ₹14 cr |
| Expenses | ₹664 cr |
| Operating profit | ₹59 cr |
| Operating margin (%) | 8.13% |
| Interest | ₹1 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹63 cr |
| Tax | ₹16 cr |
| Net profit | ₹47 cr |
| EPS (₹) | ₹34.71 |
Operating margin of 8.13% compares with a Industrials sector median of 11.50% across 178 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -12.65% | -14.66% |
Volume on the results session was 8.67× its 20-day average.
What to watch
- Whether operating margin moves back towards the 12.54% level in the available trend after recording 8.13% this quarter.
- Whether other income remains a material contributor after Rs 14.11 cr this quarter.
- Whether the tax rate stays near 25.92% in the next reported quarter.