Revenue jumps 74.21% QoQ as NITYAS expands operating margin
Expenses grew slightly slower than revenue, but a higher tax rate and material other income shaped the 135.98% rise in consolidated net profit.
Filed 06 Nov 2026, 16:13 IST · after market close · NITYAS (NITYAS)
Key takeaways
- Consolidated revenue rose 74.21% QoQ to Rs 74.3 cr, while expenses rose 73.21%, lifting operating margin by 0.52 percentage points.
- Net profit increased 135.98% QoQ to Rs 5.05 cr, but the tax rate rose 10.56 percentage points to 19.53%.
- Other income contributed 15.63% of pre-tax profit, making reported earnings less purely operating-driven.
Revenue surge brings a modest margin gain
Consolidated revenue rose 74.21% QoQ to Rs 74.3 cr, while expenses increased 73.21% to Rs 67.43 cr. Because costs grew slower than revenue, operating margin widened by 0.52 percentage points to 9.25%. Operating profit consequently rose 84.68% to Rs 6.87 cr.
Tax and other income shaped profit conversion
Interest expense rose 23.08% QoQ, while depreciation increased 3.26%, adding to the non-operating burden below operating profit. Other income accounted for 15.63% of pre-tax profit, so reported earnings included a material contribution outside operations. The tax rate increased by 10.56 percentage points to 19.53%, which limited the conversion of the 166.81% rise in pre-tax profit into net profit growth.
Margin improved sequentially; results came after close
The operating margin improved from 8.73% in Q1FY27 to 9.25% in Q2FY27, marking a sequential improvement in the available trend. NITYAS filed its consolidated results at 16:13 IST on 6 November 2026, after market close, so there is no market reaction to assess yet.
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 | ₹74 cr | ₹43 cr | +74.21% |
| Other income | ₹1 cr | ₹0 cr | +1300.00% |
| Expenses | ₹67 cr | ₹39 cr | +73.21% |
| Operating profit | ₹7 cr | ₹4 cr | +84.68% |
| Operating margin (%) | 9.25% | 8.73% | — |
| Interest | ₹1 cr | ₹1 cr | +23.08% |
| Depreciation | ₹1 cr | ₹1 cr | +3.26% |
| Profit before tax | ₹6 cr | ₹2 cr | +166.81% |
| Tax | ₹1 cr | ₹0 cr | +485.71% |
| Net profit | ₹5 cr | ₹2 cr | +135.98% |
| EPS (₹) | ₹1.18 | ₹0.73 | +61.64% |
What to watch
- Whether operating margin holds above 9.25%.
- Whether other income remains below or above its 15.63% share of pre-tax profit.
- Whether the tax rate stays near 19.53%.