Kritika Wires Ltd: Q2FY27 results
Revenue rose 4.94% sequentially, but year-on-year sales fell 5.44% and operating margin remained 10.01 percentage points below the Industrials peer median.
Filed 05 Nov 2026, 17:15 IST · after market close · Kritika Wires Ltd (KRITIKA)
Key takeaways
- Standalone operating margin recovered only 0.02 percentage points sequentially to 1.49%, after falling 1.30 percentage points year on year.
- Net profit fell 6.14% year on year to Rs 1.07 cr as the tax rate rose to 42.02% from 24.72%.
- Other income accounted for 88.11% of profit before tax, making reported earnings quality a key issue this quarter.
Price around the results
Sequential sales growth did not lift profitability
Kritika Wires reported standalone revenue growth of 4.94% sequentially to Rs 169.85 cr, while expenses grew 4.92% to Rs 167.32 cr. That near-matched cost growth allowed operating margin to improve just 0.02 percentage points to 1.49%. Year on year, revenue fell 5.44% while expenses declined 4.18%, so operating margin narrowed 1.30 percentage points.
Tax and other income shaped the reported profit
Profit before tax rose 29.37% sequentially, but net profit fell 33.12% because the tax rate moved from -11.49% in Q1FY27 to 42.02% this quarter. Year on year, the higher tax rate also offset the 22.52% increase in profit before tax, leaving net profit down 6.14%. Other income represented 88.11% of profit before tax, so the Rs 1.07 cr net profit was not driven solely by operating earnings.
Margin remains well below Industrials peers
Among 178 Industrials companies that had reported the same quarter, the median operating margin was 11.5%. Kritika Wires’ 1.49% margin was 10.01 percentage points below that median and ranked 10th from the bottom. The quarterly trend shows a fall from 2.79% in Q2FY26 to 1.47% in Q1FY27, followed by a marginal recovery this quarter.
Results were filed after market close
The standalone results were filed after market close on 05 Nov 2026. The filing showed EPS of Rs 0.04, unchanged year on year but down from Rs 0.06 sequentially.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ | YoY |
|---|---|---|---|---|
| Revenue | ₹170 cr | ₹162 cr | +4.94% | -5.44% |
| Other income | ₹2 cr | ₹1 cr | +20.74% | — |
| Expenses | ₹167 cr | ₹159 cr | +4.92% | -4.18% |
| Operating profit | ₹3 cr | ₹2 cr | +6.30% | -49.60% |
| Operating margin (%) | 1.49% | 1.47% | — | — |
| Interest | ₹1 cr | ₹1 cr | +7.46% | +14.29% |
| Depreciation | ₹1 cr | ₹1 cr | -7.37% | -14.56% |
| Profit before tax | ₹2 cr | ₹1 cr | +29.37% | +22.52% |
| Tax | ₹1 cr | ₹-0 cr | — | +110.81% |
| Net profit | ₹1 cr | ₹2 cr | -33.12% | -6.14% |
| EPS (₹) | ₹0.04 | ₹0.06 | -33.33% | +0.00% |
Operating margin of 1.49% compares with a Industrials sector median of 11.50% across 178 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 1.49% after the decline from 2.79% in Q2FY26.
- Whether revenue growth continues to exceed expense growth after the 4.94% versus 4.92% sequential comparison.
- Whether the tax rate moves below 42.02% and reduces the gap between profit before tax and net profit.