Revenue rebound narrows Oricon's operating loss, but margin remains -57.08%
Revenue rose 169.65% QoQ while expenses fell 9.92%, yet other income still accounted for 155.65% of pre-tax profit.
Filed 04 Nov 2026, 20:33 IST · after market close · Oricon Enterprises Ltd (ORICONENT)
Key takeaways
- Standalone operating margin improved 313.11 percentage points QoQ as revenue rose 169.65% while expenses fell 9.92%, but remained at -57.08%.
- Net profit rose 5.36% QoQ to Rs 8.85 cr even as pre-tax profit fell 6.29%, with other income equal to 155.65% of pre-tax profit.
- Oricon's -57.08% operating margin was 69.33 percentage points below the Industrials median of 12.25% across 146 reported peers, ranking it last.
Price around the results
Revenue rebound narrowed the standalone operating loss
Oricon's standalone revenue rose 169.65% QoQ to Rs 9.95 cr, while expenses declined 9.92% to Rs 15.62 cr. That combination narrowed the operating loss to Rs 5.68 cr from Rs 13.65 cr in Q1FY27. Operating margin therefore improved by 313.11 percentage points, but remained deeply negative at -57.08%.
Other income continued to carry reported profit
Other income fell 32.93% QoQ to Rs 17.62 cr, which helped pull pre-tax profit down 6.29% despite the operating improvement. It still represented 155.65% of pre-tax profit, making reported earnings heavily dependent on non-operating income. The tax rate fell 2.59 percentage points to 26.58%, helping net profit rise 5.36% to Rs 8.85 cr.
Margin remained the weakest among reported Industrials peers
Oricon's -57.08% operating margin was 69.33 percentage points below the 12.25% median for the 146 Industrials companies that had reported. The 313.11-percentage-point sequential improvement marks a sharp quarter-on-quarter recovery, but the margin remained last among those reported peers.
Results were filed after market close
The standalone results were filed after market close. The available quarter shows improved operating performance, but with profit still dominated by other income rather than operations.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹10 cr | ₹4 cr | +169.65% |
| Other income | ₹18 cr | ₹26 cr | -32.93% |
| Expenses | ₹16 cr | ₹17 cr | -9.92% |
| Operating profit | ₹-6 cr | ₹-14 cr | +58.39% |
| Operating margin (%) | -57.08% | -370.19% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹1 cr | ₹0 cr | +16.67% |
| Profit before tax | ₹11 cr | ₹12 cr | -6.29% |
| Tax | ₹3 cr | ₹4 cr | -14.49% |
| Net profit | ₹9 cr | ₹8 cr | +5.36% |
| EPS (₹) | ₹0.56 | ₹0.53 | +5.66% |
Operating margin of -57.08% compares with a Industrials sector median of 12.25% across 146 peers that have reported Q2FY27.
What to watch
- Whether operating margin improves from -57.08% after the 313.11-percentage-point QoQ gain.
- Whether other income's contribution falls from 155.65% of pre-tax profit.
- Whether revenue remains above Rs 9.95 cr while expenses stay below Rs 15.62 cr.