Radaan returns to operating profit, but interest keeps it in the red
Revenue rose 72.67% QoQ and operating margin widened 14.42 percentage points, but Rs 0.43 cr of interest exceeded operating profit.
Filed 12 Nov 2026, 16:25 IST · after market close · Radaan Mediaworks (I) Ltd (RADAAN)
Key takeaways
- Consolidated revenue rose 72.67% QoQ while expenses grew 47.37%, lifting operating margin by 14.42 percentage points to 13.47%.
- Interest stayed at Rs 0.43 cr—above the Rs 0.35 cr operating profit—leaving consolidated net profit at a loss of Rs 0.07 cr.
- Radaan’s 13.47% operating margin was 2.24 percentage points above the 11.23% median for 329 reported Consumer Discretionary peers.
Price around the results
Revenue rebound restores operating profit
Consolidated revenue increased 72.67% QoQ to Rs 2.59 cr, while expenses rose 47.37% to Rs 2.24 cr. The faster revenue growth moved operating profit from a loss of Rs 0.01 cr in Q1FY27 to Rs 0.35 cr, and operating margin improved by 14.42 percentage points to 13.47%.
Interest charge still drives the loss
Interest was unchanged at Rs 0.43 cr and exceeded operating profit, keeping profit before tax at a loss of Rs 0.08 cr. Other income of Rs 0.02 cr represented -25.00% of PBT because PBT remained negative, while the 5.21-percentage-point rise in the tax rate did not alter the net loss.
Margin sits above the peer median
Radaan’s 13.47% operating margin was 2.24 percentage points above the 11.23% median among 329 Consumer Discretionary peers that had reported the quarter. Sequentially, this marks a recovery from Q1FY27’s -0.95% operating margin, rather than a continuation of the prior quarter’s operating loss.
Results were filed after market close
The consolidated results were filed after market close on 12 Nov 2026. There is therefore no market reaction to assess in this update, and no recent reaction history is available for comparison.
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 | ₹3 cr | ₹2 cr | +72.67% |
| Other income | ₹0 cr | ₹0 cr | +0.00% |
| Expenses | ₹2 cr | ₹2 cr | +47.37% |
| Operating profit | ₹0 cr | ₹-0 cr | — |
| Operating margin (%) | 13.47% | -0.95% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹-0 cr | ₹-0 cr | +81.82% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-0 cr | ₹-0 cr | +84.09% |
| EPS (₹) | ₹-0.01 | ₹-0.08 | +87.50% |
Operating margin of 13.47% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 13.47% after the Q1FY27 recovery.
- Whether interest remains at Rs 0.43 cr or falls below the Rs 0.35 cr operating profit.
- Whether revenue remains above Rs 2.59 cr in the next reported quarter.