Metropolis lifts operating margin to 26.98% as revenue outpaces costs
Sequential revenue grew 10.35% while expenses rose 7.01%; other income contributed 8.28% of pre-tax profit.
Filed 03 Nov 2026, 19:18 IST · after market close · Metropolis Healthcare Ltd (METROPOLIS)
Key takeaways
- Consolidated operating margin rose 2.28 percentage points sequentially to 26.98% as revenue growth outpaced expense growth.
- Revenue grew 10.35% sequentially, ahead of the 7.01% increase in expenses, lifting operating profit growth to 20.53%.
- Net profit increased 32.70% sequentially, aided by a 0.46 percentage-point decline in the tax rate, while other income contributed 8.28% of pre-tax profit.
Price around the results
Revenue growth delivered operating leverage
Metropolis Healthcare's consolidated revenue increased 10.35% sequentially, while expenses rose 7.01%. This spread lifted operating profit by 20.53% and expanded operating margin by 2.28 percentage points to 26.98%.
Net profit growth included tax and other-income support
Profit before tax grew 31.87% sequentially, faster than operating profit as other income rose 66.47% and contributed 8.28% of pre-tax profit. Net profit increased 32.70%, helped by the tax rate falling 0.46 percentage points to 26.34%; interest expense still rose 13.11%.
Margin stayed above the reported healthcare peer median
Metropolis's 26.98% operating margin was 5.34 percentage points above the 21.64% median for the 53 Healthcare peers that had reported the quarter. The results were filed after market close, so there is no post-results stock reaction to assess.
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 | ₹497 cr | ₹450 cr | +10.35% |
| Other income | ₹8 cr | ₹5 cr | +66.47% |
| Expenses | ₹363 cr | ₹339 cr | +7.01% |
| Operating profit | ₹134 cr | ₹111 cr | +20.53% |
| Operating margin (%) | 26.98% | 24.70% | — |
| Interest | ₹7 cr | ₹6 cr | +13.11% |
| Depreciation | ₹33 cr | ₹32 cr | +2.01% |
| Profit before tax | ₹102 cr | ₹78 cr | +31.87% |
| Tax | ₹27 cr | ₹21 cr | +29.62% |
| Net profit | ₹75 cr | ₹57 cr | +32.70% |
| EPS (₹) | ₹3.64 | ₹2.73 | +33.33% |
Operating margin of 26.98% compares with a Healthcare sector median of 21.64% across 53 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 26.98% after its 2.28-point sequential rise.
- Whether revenue growth remains ahead of expense growth, after +10.35% versus +7.01% sequentially.
- How much other income contributes to pre-tax profit versus the current 8.28%.