MELSTAR returns to profit as Q2 revenue reaches Rs 1.5 cr
The consolidated business reported a 58.25% operating margin, with no contribution from other income and no tax charge.
Filed 19 Oct 2026, 18:07 IST · after market close · MELSTAR (MELSTAR)
Key takeaways
- Consolidated revenue reached Rs 1.5 cr in Q2FY27 after no reported revenue in Q1FY27, turning operating profit to Rs 0.87 cr from a loss of Rs 0.62 cr.
- Operating margin was 58.25%, with expenses at Rs 0.63 cr against Rs 1.5 cr of revenue.
- Net profit of Rs 0.87 cr matched pre-tax profit because other income, interest, depreciation and tax were all nil.
Revenue returned after a nil-revenue Q1
MELSTAR reported consolidated revenue of Rs 1.5 cr in Q2FY27, compared with no reported revenue in Q1FY27. That change moved operating profit from a loss of Rs 0.62 cr to a profit of Rs 0.87 cr, while EPS moved from negative Rs 2.25 to Rs 3.11.
Margin reflected a low cost base, not other income
Operating expenses rose 1.61% sequentially to Rs 0.63 cr, while the quarter recorded Rs 1.5 cr of revenue and a 58.25% operating margin. Other income was nil, so the profit did not rely on non-operating income. Interest, depreciation and tax were also nil, leaving the Rs 0.87 cr pre-tax profit fully reflected in net profit.
The quarter was filed after market close
There is no year-on-year comparison in the reported data, and the trend contains only Q1FY27 and Q2FY27, so a multi-quarter direction is not established. The company filed these consolidated results after market close on 19 October 2026; no market reaction is covered.
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 | ₹2 cr | ₹0 cr | — |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹1 cr | ₹1 cr | +1.61% |
| Operating profit | ₹1 cr | ₹-1 cr | — |
| Operating margin (%) | 58.25% | — | — |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹0 cr | ₹0 cr | — |
| Profit before tax | ₹1 cr | ₹-1 cr | — |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹1 cr | ₹-1 cr | — |
| EPS (₹) | ₹3.11 | ₹-2.25 | — |
What to watch
- Whether consolidated revenue remains above Rs 1.5 cr next quarter.
- Whether operating margin holds near 58.25%.
- Whether expenses remain around the Q2FY27 level of Rs 0.63 cr.