Expense reversal lifts Nagreeka Capital's operating margin to 336.42%
Standalone revenue dropped 93.37% sequentially, while higher interest costs pushed net profit down 38.87% despite the margin expansion.
Filed 06 Nov 2026, 16:23 IST · after market close · Nagreeka Capital & Infrastructure Ltd (NAGREEKCAP)
Key takeaways
- Standalone revenue fell 93.37% QoQ, while operating margin expanded by 309.08 percentage points.
- Net profit declined 38.87% QoQ as interest expense rose 21.46%, despite a 0.29-percentage-point fall in the tax rate.
- The 336.42% operating margin was 281.99 percentage points above the 54.43% median for 104 Financial Services peers.
Price around the results
A sharp revenue fall, but a smaller operating-profit decline
Nagreeka Capital & Infrastructure's standalone revenue fell 93.37% QoQ to Rs 1.76 cr, while operating profit declined 18.60%. The much sharper contraction in revenue than in expenses lifted operating margin by 309.08 percentage points to 336.42%.
Higher interest costs reduced profit conversion
Interest expense rose 21.46% QoQ, contributing to a 39.20% fall in profit before tax and a 38.87% decline in net profit. The tax rate fell by 0.29 percentage points, offering only a small offset. Other income contributed 0% of pre-tax profit, so reported earnings were not supported by non-operating income.
Operating margin was well above the sector median
The company's 336.42% operating margin stood 281.99 percentage points above the 54.43% median among 104 Financial Services peers that had reported the quarter. Sequentially, however, profit before tax and net profit both declined despite the sharp margin expansion.
Results filed after market close
The standalone results were filed at 16:23 IST on 6 November 2026, after market close. There is therefore no stock-market reaction to assess yet, and no historical reaction pattern is provided.
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 | ₹2 cr | ₹27 cr | -93.37% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹-4 cr | ₹19 cr | — |
| Operating profit | ₹6 cr | ₹7 cr | -18.60% |
| Operating margin (%) | 336.42% | 27.34% | — |
| Interest | ₹3 cr | ₹2 cr | +21.46% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹3 cr | ₹5 cr | -39.20% |
| Tax | ₹1 cr | ₹1 cr | -40.16% |
| Net profit | ₹2 cr | ₹4 cr | -38.87% |
| EPS (₹) | ₹1.72 | ₹2.82 | -39.01% |
Operating margin of 336.42% compares with a Financial Services sector median of 54.43% across 104 peers that have reported Q2FY27.
What to watch
- Whether revenue recovers from Rs 1.76 cr in the next quarter.
- Whether operating margin remains above 336.42%.
- Whether interest expense reverses its 21.46% QoQ increase.