Pranav profit rises 15.09% as lower interest offsets margin pressure
Revenue grew 6.03% QoQ, but expenses grew 6.40%, trimming operating margin by 0.28 percentage points.
Filed 30 Oct 2026, 18:40 IST · after market close · Pranav Constructions Ltd (PRANAV)
Key takeaways
- Consolidated revenue rose +6.03% QoQ to Rs 174.46 cr, but expenses grew faster at +6.40% and operating margin slipped 0.28 percentage points.
- Net profit increased +15.09% QoQ as interest expense fell -15.60%, while the tax rate edged up 0.26 percentage points.
- Operating margin of 17.52% was 4.43 percentage points above the 13.09% median for 129 Consumer Discretionary peers.
Price around the results
Revenue grew, but cost growth was faster
Pranav Constructions' consolidated revenue increased +6.03% QoQ to Rs 174.46 cr in Q2FY27, while expenses rose +6.40% to Rs 143.89 cr. The faster cost growth reduced operating margin by 0.28 percentage points to 17.52%.
Lower interest expense supported profit growth
Interest expense fell -15.60% QoQ to Rs 8.60 cr, helping profit before tax rise +15.53% and net profit rise +15.09% to Rs 16.55 cr despite the softer operating margin. The tax rate increased 0.26 percentage points to 22.76%, while other income contributed only 2.24% of pre-tax profit, so neither was the main driver of earnings.
Margin remained above the sector median
The 17.52% operating margin was 4.43 percentage points above the 13.09% median among 129 Consumer Discretionary peers that had reported. With only Q1FY27 available for comparison, the quarter shows a sequential margin decline rather than a longer multi-quarter trend. The company filed these consolidated results after market close on 30 October 2026, so there is no reported market reaction 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 | ₹174 cr | ₹165 cr | +6.03% |
| Other income | ₹0 cr | ₹0 cr | +14.29% |
| Expenses | ₹144 cr | ₹135 cr | +6.40% |
| Operating profit | ₹31 cr | ₹29 cr | +4.33% |
| Operating margin (%) | 17.52% | 17.80% | — |
| Interest | ₹9 cr | ₹10 cr | -15.60% |
| Depreciation | ₹1 cr | ₹1 cr | +3.06% |
| Profit before tax | ₹21 cr | ₹19 cr | +15.53% |
| Tax | ₹5 cr | ₹4 cr | +17.03% |
| Net profit | ₹17 cr | ₹14 cr | +15.09% |
| EPS (₹) | ₹1.81 | ₹1.65 | +9.70% |
Operating margin of 17.52% compares with a Consumer Discretionary sector median of 13.09% across 129 peers that have reported Q2FY27.
What to watch
- Whether operating margin remains above 17.52% in the next reported quarter.
- Whether expenses continue to grow faster than revenue, after the +6.40% versus +6.03% QoQ gap.
- Whether interest expense stays below Rs 8.60 cr.