KSOILS swings to -3.23% operating margin as revenue drops -45.55%
Expenses declined more slowly than revenue and interest rose +52.81%, pushing the standalone net loss to Rs 7.54 cr.
Filed 13 Nov 2026, 19:11 IST · after market close · KSOILS (KSOILS)
Key takeaways
- KSOILS’s standalone operating margin fell 5.51 percentage points sequentially, from 2.28% to -3.23%.
- Revenue declined -45.55% QoQ while expenses fell -42.48%, and interest expense rose +52.81% to deepen the pre-tax loss.
- The standalone net loss widened to Rs 7.54 cr from Rs 5.76 cr, with EPS moving to Rs -0.44.
Revenue contraction pushed operations into loss
Standalone revenue fell -45.55% QoQ to Rs 88.25 cr, while expenses declined -42.48% to Rs 91.10 cr. Because costs fell more slowly than revenue, operating profit moved from Rs 3.70 cr to a loss of Rs 2.85 cr. Operating margin therefore narrowed by 5.51 percentage points to -3.23%.
Higher interest added to the pre-tax loss
Interest expense rose +52.81% QoQ to Rs 4.08 cr, increasing the burden below operating profit even as depreciation fell -52.61% to Rs 2.91 cr. Pre-tax loss consequently widened from Rs 4.55 cr to Rs 8.88 cr. Other income was Rs 0.96 cr, equivalent to -10.81% of negative PBT, so it did not change the loss outcome.
Sequential direction weakened after Q1FY27
The quarter showed a clear sequential deterioration: revenue fell -45.55%, operating margin declined 5.51 percentage points, and net profit moved -30.90% to a larger loss. The tax rate also shifted 41.68 percentage points, from -26.59% in Q1FY27 to 15.09% in Q2FY27, while the current tax line showed a Rs 1.34 cr credit.
Results were filed after market close
The standalone results were filed at 19:11 IST on 13 November 2026, after market close. The stock’s post-results reaction is therefore not yet available to assess.
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 |
|---|---|---|---|
| Revenue | ₹88 cr | ₹162 cr | -45.55% |
| Other income | ₹1 cr | ₹1 cr | +71.43% |
| Expenses | ₹91 cr | ₹158 cr | -42.48% |
| Operating profit | ₹-3 cr | ₹4 cr | — |
| Operating margin (%) | -3.23% | 2.28% | — |
| Interest | ₹4 cr | ₹3 cr | +52.81% |
| Depreciation | ₹3 cr | ₹6 cr | -52.61% |
| Profit before tax | ₹-9 cr | ₹-5 cr | -95.16% |
| Tax | ₹-1 cr | ₹1 cr | — |
| Net profit | ₹-8 cr | ₹-6 cr | -30.90% |
| EPS (₹) | ₹-0.44 | ₹-0.34 | -29.41% |
What to watch
- Whether revenue improves from Rs 88.25 cr after the -45.55% QoQ decline.
- Whether operating margin moves back above 2.28% or remains below zero after the 5.51 percentage-point fall.
- Whether interest expense falls from Rs 4.08 cr after rising +52.81% QoQ.