PTL profit rises as other income offsets a 3.94-point margin slide
Revenue was nearly flat, but the tax rate fell 4.23 percentage points and other income contributed 19.25% of pre-tax profit.
Filed 04 Nov 2026, 13:21 IST · PTL Enterprises Ltd (PTL)
Key takeaways
- Standalone net profit rose 23.89% QoQ to Rs 10.84 cr, helped by a lower tax rate and higher other income.
- Operating margin narrowed 3.94 percentage points as expenses grew 31.53% while revenue increased only 0.06% QoQ.
- The stock rose 2.18% on the results date, while PTL's 83.43% operating margin was 61.70 percentage points above the Services median across 45 peers.
Price around the results
Flat revenue, higher profit
PTL's standalone revenue was broadly unchanged QoQ, rising 0.06%, while operating profit fell 4.41% as costs increased faster. Net profit nevertheless rose 23.89% to Rs 10.84 cr. The increase was supported by other income, which rose 2076.92% and accounted for 19.25% of pre-tax profit.
Costs drove the margin decline
Expenses grew 31.53% QoQ against almost flat revenue, pushing operating margin down 3.94 percentage points to 83.43%. The tax rate also fell 4.23 percentage points to 26.24%, adding to the conversion of pre-tax profit into net profit. Interest expense declined 2.91%, while depreciation was unchanged.
Margin remains far above sector median
PTL's 83.43% operating margin was 61.70 percentage points above the 21.73% median for the 45 Services peers that had reported the quarter. The available quarter-on-quarter trend shows a move down from 87.37% in Q1FY27, so the margin needs to be read alongside the faster rise in expenses. The stock rose 2.18% on November 4, with a 0.18% opening gap.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹16 cr | ₹16 cr | +0.06% |
| Other income | ₹3 cr | ₹0 cr | +2076.92% |
| Expenses | ₹3 cr | ₹2 cr | +31.53% |
| Operating profit | ₹13 cr | ₹14 cr | -4.41% |
| Operating margin (%) | 83.43% | 87.37% | — |
| Interest | ₹1 cr | ₹1 cr | -2.91% |
| Depreciation | ₹1 cr | ₹1 cr | +0.00% |
| Profit before tax | ₹15 cr | ₹13 cr | +16.76% |
| Tax | ₹4 cr | ₹4 cr | +0.52% |
| Net profit | ₹11 cr | ₹9 cr | +23.89% |
| EPS (₹) | ₹0.82 | ₹0.66 | +24.24% |
Operating margin of 83.43% compares with a Services sector median of 21.73% across 45 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +2.18% | +1.56% |
Volume on the results session was 1.17× its 20-day average.
What to watch
- Whether revenue growth improves from the 0.06% QoQ increase.
- Whether operating margin recovers from 83.43% after the 3.94-percentage-point decline.
- Whether expenses moderate from the 31.53% QoQ increase and other income remains below or near 19.25% of pre-tax profit.