Revenue grew 20.45%, but Laser Power's margin narrowed
Expenses grew faster than revenue; lower interest and tax rate lifted net profit 45.78% sequentially.
Filed 12 Nov 2026, 21:32 IST · after market close · Laser Power & Infra Ltd (LASERPOWER)
Key takeaways
- Consolidated revenue rose +20.45% QoQ, but expenses grew faster at +21.22%, narrowing operating margin by 0.56 percentage points.
- Net profit increased +45.78% QoQ as interest expense fell -9.54% and the tax rate declined 0.89 percentage points.
- Other income contributed 13.73% of pre-tax profit, while the 12.06% operating margin was 0.55 percentage points above the Industrials median after 230 peers reported.
Price around the results
Revenue momentum came with cost pressure
Laser Power & Infra's consolidated revenue increased +20.45% QoQ in Q2FY27, but expenses rose faster at +21.22%. That gap narrowed operating margin by 0.56 percentage points to 12.06%, despite operating profit increasing +15.11%.
Lower interest and tax rates supported profit
Interest expense declined -9.54% QoQ, while the tax rate fell 0.89 percentage points to 25.51%, helping net profit rise +45.78%. Other income accounted for 13.73% of pre-tax profit, so a meaningful part of pre-tax earnings came from outside operations.
Margin stayed above the Industrials peer median
The 12.06% operating margin was 0.55 percentage points above the 11.51% median for Industrials companies, based on 230 peers that had reported. Sequentially, however, margin moved down from 12.62% in Q1FY27, marking a weaker margin outcome even as revenue grew.
Results were filed after market close
The company filed its consolidated Q2FY27 results after market close on 12 Nov 2026. No post-results stock reaction is covered for this filing.
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 | ₹628 cr | ₹522 cr | +20.45% |
| Other income | ₹6 cr | ₹6 cr | -11.45% |
| Expenses | ₹552 cr | ₹456 cr | +21.22% |
| Operating profit | ₹76 cr | ₹66 cr | +15.11% |
| Operating margin (%) | 12.06% | 12.62% | — |
| Interest | ₹33 cr | ₹36 cr | -9.54% |
| Depreciation | ₹8 cr | ₹8 cr | +3.49% |
| Profit before tax | ₹41 cr | ₹28 cr | +44.02% |
| Tax | ₹10 cr | ₹7 cr | +39.11% |
| Net profit | ₹30 cr | ₹21 cr | +45.78% |
| EPS (₹) | ₹2.25 | ₹1.80 | +25.00% |
Operating margin of 12.06% compares with a Industrials sector median of 11.51% across 230 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 12.06% after the 0.56-point sequential decline.
- Whether expenses continue to outpace revenue after growing +21.22% versus +20.45% QoQ.
- Whether other income remains near 13.73% of pre-tax profit.