OMFreight lifts margin as revenue growth outpaces expenses
Consolidated net profit rose 21.61% QoQ, although interest expense more than doubled and other income remained material to pre-tax profit.
Filed 13 Nov 2026, 20:13 IST · after market close · OMFREIGHT (OMFREIGHT)
Key takeaways
- Consolidated operating profit rose 33.48% QoQ as revenue grew 4.78% while expenses increased 3.00%.
- Operating margin expanded by 1.60 percentage points to 7.44%, despite interest expense rising 112.05% QoQ.
- Net profit increased 21.61% QoQ, helped by a 1.45-percentage-point decline in the tax rate, while other income contributed 13.45% of pre-tax profit.
Revenue growth translated into faster operating profit growth
In consolidated Q2FY27, revenue increased 4.78% QoQ to Rs 202.6 cr, while expenses grew 3.00% to Rs 187.53 cr. The slower cost growth lifted operating profit by 33.48% to Rs 15.07 cr and expanded operating margin by 1.60 percentage points. This was the second consecutive quarter shown, with operating margin rising from 5.84% in Q1FY27 to 7.44%.
Lower tax helped profit, while finance costs rose sharply
The 1.45-percentage-point fall in the tax rate to 24.34% supported the 21.61% QoQ increase in net profit to Rs 8.89 cr. Interest expense rose 112.05% QoQ to Rs 1.76 cr, and depreciation increased 13.36% to Rs 3.14 cr, limiting the conversion of operating profit into pre-tax profit. Other income accounted for 13.45% of pre-tax profit, so reported earnings were not entirely driven by operations.
After-close filing leaves the market response to be seen
The consolidated results were filed after market close on 13 November 2026. The stock's immediate response is therefore not yet available. The next quarter will show whether the 7.44% operating margin is sustained while interest expense remains above the Rs 1.76 cr reported this quarter.
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 | ₹203 cr | ₹193 cr | +4.78% |
| Other income | ₹2 cr | ₹2 cr | -26.85% |
| Expenses | ₹188 cr | ₹182 cr | +3.00% |
| Operating profit | ₹15 cr | ₹11 cr | +33.48% |
| Operating margin (%) | 7.44% | 5.84% | — |
| Interest | ₹2 cr | ₹1 cr | +112.05% |
| Depreciation | ₹3 cr | ₹3 cr | +13.36% |
| Profit before tax | ₹12 cr | ₹10 cr | +19.29% |
| Tax | ₹3 cr | ₹3 cr | +12.60% |
| Net profit | ₹9 cr | ₹7 cr | +21.61% |
| EPS (₹) | ₹2.64 | ₹2.17 | +21.66% |
What to watch
- Whether operating margin holds above 7.44% after rising 1.60 percentage points QoQ.
- Whether expenses continue to grow more slowly than revenue, after rising 3.00% versus revenue growth of 4.78%.
- Whether interest expense moderates from Rs 1.76 cr after increasing 112.05% QoQ.