Revenue growth outpaced costs, lifting One Point One's margin
Operating margin expanded 1.43 percentage points qoq, but a higher tax rate limited the flow-through to net profit.
Filed 03 Nov 2026, 18:55 IST · after market close · One Point One Solutions Ltd (ONEPOINT)
Key takeaways
- Consolidated revenue rose +10.51% qoq while expenses grew +8.46%, lifting operating margin by 1.43 percentage points to 24.04%.
- Net profit increased +12.88% qoq to Rs 18.41 cr, but the tax rate rose 8.12 percentage points to 28.29%.
- Operating margin was 2.54 percentage points above the Services-sector median among 37 peers that reported Q2FY27.
Price around the results
Revenue growth outpaced cost growth
In consolidated results, revenue grew +10.51% qoq while expenses rose +8.46%, allowing operating profit to increase +17.49%. The cost-to-revenue spread lifted operating margin by 1.43 percentage points to 24.04% from Q1FY27. The results were filed after market close on 3 November.
Tax and interest reduced profit conversion
Profit before tax rose +25.65% qoq, but net profit grew only +12.88% as the tax rate increased 8.12 percentage points to 28.29%. Interest expense also rose +6.65%, adding pressure below the operating line. Other income contributed 12.7% of pre-tax profit, so reported earnings were not entirely generated by operations.
Margin stood above the Services peer median
One Point One's 24.04% operating margin was 2.54 percentage points above the 21.5% median for 37 Services peers reporting the same quarter. The quarter also marks a sequential improvement from the 22.61% margin reported in Q1FY27, although the available comparison does not establish a longer multi-quarter direction.
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 | ₹175 cr | ₹158 cr | +10.51% |
| Other income | ₹3 cr | ₹4 cr | -8.94% |
| Expenses | ₹133 cr | ₹123 cr | +8.46% |
| Operating profit | ₹42 cr | ₹36 cr | +17.49% |
| Operating margin (%) | 24.04% | 22.61% | — |
| Interest | ₹9 cr | ₹8 cr | +6.65% |
| Depreciation | ₹11 cr | ₹11 cr | +1.57% |
| Profit before tax | ₹26 cr | ₹20 cr | +25.65% |
| Tax | ₹7 cr | ₹4 cr | +76.21% |
| Net profit | ₹18 cr | ₹16 cr | +12.88% |
| EPS (₹) | ₹0.70 | ₹0.62 | +12.90% |
Operating margin of 24.04% compares with a Services sector median of 21.50% across 37 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 24.04% after the 1.43 percentage-point qoq improvement.
- Whether expense growth remains below revenue growth after the +10.51% versus +8.46% qoq spread.
- Whether the tax rate moves from 28.29% in the next reported quarter.