Falling expenses lift Q2 standalone operating margin by 3.78 points
Revenue was almost unchanged sequentially, but lower expenses drove an 18.46% rise in operating profit; higher interest partly offset the gain below operating profit.
Filed 12 Nov 2026, 19:37 IST · after market close · MOMSBELIEF (MOMSBELIEF)
Key takeaways
- Standalone revenue was nearly flat sequentially at +0.32%, but expenses fell -4.45%, lifting operating profit by +18.46%.
- Operating margin improved by 3.78 percentage points to 24.60% as costs declined faster than revenue.
- Net profit rose +24.65% sequentially, helped by a 4.64-percentage-point lower tax rate, while other income contributed 10.97% of pre-tax profit.
Lower expenses drove the margin recovery
MOMSBELIEF's standalone revenue rose just 0.32% sequentially to Rs 12.53 cr, while expenses declined 4.45% to Rs 9.45 cr. The resulting operating profit growth of 18.46% lifted operating margin from 20.82% in Q1FY27 to 24.60% in Q2FY27, a gain of 3.78 percentage points. With only Q1FY27 in the available trend, this shows a sequential recovery rather than a multi-quarter direction.
Higher interest diluted the operating gain
Interest expense increased 240.00% sequentially to Rs 0.51 cr, limiting the conversion of operating profit into pre-tax profit. Other income rose to Rs 0.26 cr and accounted for 10.97% of pre-tax profit, making it a meaningful contributor below operating profit. The tax rate fell 4.64 percentage points to 25.39%, which also supported the 24.65% rise in net profit.
Profit rose faster than revenue
Pre-tax profit increased 16.75% sequentially, while net profit grew 24.65% to Rs 1.77 cr. The gap reflects both the lower tax rate and the contribution from other income, rather than revenue growth, which was only 0.32%. EPS increased 13.19% sequentially to Rs 1.03.
Results were filed after market close
The standalone results were filed after market close on 12 Nov 2026. A post-results market reaction is therefore not yet available.
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 | ₹13 cr | ₹12 cr | +0.32% |
| Other income | ₹0 cr | ₹0 cr | +550.00% |
| Expenses | ₹9 cr | ₹10 cr | -4.45% |
| Operating profit | ₹3 cr | ₹3 cr | +18.46% |
| Operating margin (%) | 24.60% | 20.82% | — |
| Interest | ₹1 cr | ₹0 cr | +240.00% |
| Depreciation | ₹0 cr | ₹0 cr | +2.17% |
| Profit before tax | ₹2 cr | ₹2 cr | +16.75% |
| Tax | ₹1 cr | ₹1 cr | -1.64% |
| Net profit | ₹2 cr | ₹1 cr | +24.65% |
| EPS (₹) | ₹1.03 | ₹0.91 | +13.19% |
What to watch
- Whether operating margin holds above 24.60%.
- Whether expenses remain below Rs 9.45 cr as revenue moves beyond Rs 12.53 cr.
- Whether interest expense moderates from Rs 0.51 cr after rising 240.00% sequentially.