Lagnam Spintex lifts Q2 margin as profit rises 38.88% QoQ
Standalone revenue grew faster than expenses, while lower interest and tax rates amplified the sequential increase in net profit.
Filed 17 Oct 2026, 16:50 IST · after market close · Lagnam Spintex Ltd (LAGNAM)
Key takeaways
- Standalone operating margin rose 1.11 percentage points QoQ to 13.60% as revenue grew 4.06% while expenses grew 2.73%.
- Standalone net profit increased 38.88% QoQ to Rs 8.18 cr, helped by a 2.65 percentage-point fall in the tax rate and a 2.46% decline in interest.
- Lagnam Spintex's 13.60% operating margin was 4.00 percentage points above the 9.60% median for 17 Consumer Discretionary peers.
Price around the results
Q2 revenue growth translated into faster operating-profit growth
Lagnam Spintex reported standalone revenue of Rs 172.59 cr in Q2FY27, up 4.06% QoQ, while operating profit rose 13.38% to Rs 23.48 cr. Expenses increased 2.73% to Rs 149.11 cr, allowing profit growth to outpace sales growth. Net profit rose 38.88% QoQ to Rs 8.18 cr.
Lower cost growth widened the operating margin
Operating margin expanded 1.11 percentage points QoQ to 13.60% because expenses grew more slowly than revenue. Interest declined 2.46% QoQ, while depreciation increased 1.22%, leaving profit before tax up 33.59% to Rs 11.97 cr. The tax rate fell 2.65 percentage points to 31.65%, which also supported net profit; other income contributed only 1.50% of pre-tax profit, so it was not a material quality concern.
Margin moved up from Q1 and stayed above the peer median
The operating margin improved from 12.49% in Q1FY27 to 13.60% in Q2FY27, marking a sequential recovery in the reported two-quarter trend. The company's margin was 4.00 percentage points above the 9.60% median among 17 Consumer Discretionary peers that had reported the quarter. The standalone results were filed after market close on 17 Oct 2026.
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 | ₹173 cr | ₹166 cr | +4.06% |
| Other income | ₹0 cr | ₹0 cr | +157.14% |
| Expenses | ₹149 cr | ₹145 cr | +2.73% |
| Operating profit | ₹23 cr | ₹21 cr | +13.38% |
| Operating margin (%) | 13.60% | 12.49% | — |
| Interest | ₹8 cr | ₹8 cr | -2.46% |
| Depreciation | ₹4 cr | ₹4 cr | +1.22% |
| Profit before tax | ₹12 cr | ₹9 cr | +33.59% |
| Tax | ₹4 cr | ₹3 cr | +23.45% |
| Net profit | ₹8 cr | ₹6 cr | +38.88% |
| EPS (₹) | ₹4.63 | ₹3.33 | +39.04% |
Operating margin of 13.60% compares with a Consumer Discretionary sector median of 9.60% across 17 peers that have reported Q2FY27.
What to watch
- Whether standalone operating margin holds above 13.60%.
- Whether revenue growth remains ahead of expense growth after the Q2 comparison of 4.06% versus 2.73%.
- Whether the tax rate stays below 31.65% without a further decline in interest from Rs 7.54 cr.