Macpower's Q2 profit rose 40.61% as interest costs fell
Standalone revenue grew 26.34% QoQ, while a 1.74-point decline in the tax rate also supported net profit.
Filed 26 Oct 2026, 13:17 IST · Macpower CNC Machines Ltd (MACPOWER)
Key takeaways
- Standalone net profit rose 40.61% QoQ, faster than revenue growth of +26.34%.
- Operating margin expanded by 0.37 percentage points to 16.57% as expenses grew +25.79%, below revenue growth of +26.34%.
- Macpower's operating margin was 5.58 percentage points above the 10.99% median for 30 Industrials peers that reported the quarter.
Price around the results
Revenue growth accelerated in the second quarter
Standalone revenue increased +26.34% QoQ, while operating profit grew faster at +29.23%, indicating modest operating leverage. Net profit rose +40.61%, helped by lower interest expense and a reduced tax rate rather than by other income, which accounted for 2.64% of pre-tax profit.
Costs stayed below revenue growth, lifting margin
Expenses grew +25.79% QoQ against revenue growth of +26.34%, allowing operating margin to expand by 0.37 percentage points. Interest expense fell -48.98%, while the tax rate declined by 1.74 percentage points to 24.27%, providing additional support to profit after tax.
Margin remained ahead of the Industrials peer median
Macpower's 16.57% operating margin was 5.58 percentage points above the 10.99% median among 30 Industrials companies that had reported the quarter. The available quarter-on-quarter trend shows margin improving from 16.20% in Q1FY27, but does not yet establish a longer multi-quarter direction.
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 | ₹120 cr | ₹95 cr | +26.34% |
| Other income | ₹0 cr | ₹0 cr | +176.47% |
| Expenses | ₹100 cr | ₹80 cr | +25.79% |
| Operating profit | ₹20 cr | ₹15 cr | +29.23% |
| Operating margin (%) | 16.57% | 16.20% | — |
| Interest | ₹0 cr | ₹0 cr | -48.98% |
| Depreciation | ₹2 cr | ₹2 cr | +9.77% |
| Profit before tax | ₹18 cr | ₹13 cr | +37.37% |
| Tax | ₹4 cr | ₹3 cr | +28.19% |
| Net profit | ₹13 cr | ₹10 cr | +40.61% |
| EPS (₹) | ₹13.47 | ₹9.58 | +40.61% |
Operating margin of 16.57% compares with a Industrials sector median of 10.99% across 30 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +0.67% | +0.69% |
Volume on the results session was 0.89× its 20-day average.
What to watch
- Whether operating margin holds above 16.57%.
- Whether expense growth remains below revenue growth of +26.34%.
- Whether the tax rate stays near 24.27% without a further interest-cost benefit.