Margin fell 5.29 points as costs rose while revenue declined
Consolidated net profit fell 18.74% QoQ, with other income contributing 31.1% of pre-tax profit.
Filed 04 Nov 2026, 17:47 IST · after market close · Ruchi Infrastructure Ltd (RUCHINFRA)
Key takeaways
- Consolidated operating margin fell 5.29 percentage points QoQ to 50.03% as revenue declined 6.40% while expenses rose 4.69%.
- Net profit fell 18.74% QoQ to Rs 3.73 cr, with other income contributing 31.1% of pre-tax profit.
- Ruchi Infrastructure's 50.03% operating margin was 28.30 percentage points above the 21.73% median for 45 reported Services peers.
Price around the results
Lower revenue drove a sharper profit decline
Consolidated revenue fell 6.40% QoQ, while operating profit declined 15.35%, showing that the lower topline had a larger effect on operating earnings. Pre-tax profit fell 17.98% and net profit fell 18.74%, as depreciation increased 4.47% even though interest expense declined 2.60%. The company filed these Q2FY27 results at 17:47 IST on 4 November, after market close.
Costs squeezed margins and other income supported profit
Expenses rose 4.69% QoQ despite the revenue decline, causing operating margin to narrow by 5.29 percentage points to 50.03%. Other income rose 98.57% and accounted for 31.1% of pre-tax profit, so reported profit included a meaningful non-operating contribution. The tax rate also increased by 0.77 percentage points to 16.55%, adding to the pressure on net profit.
Margin remained well above the Services peer median
The 50.03% operating margin was 28.30 percentage points above the 21.73% median among 45 Services peers that had reported the same quarter. Sequentially, however, margin moved down from 55.32% in Q1FY27, marking a clear quarter-on-quarter deterioration rather than an improvement in operating momentum.
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 | ₹17 cr | ₹18 cr | -6.40% |
| Other income | ₹1 cr | ₹1 cr | +98.57% |
| Expenses | ₹8 cr | ₹8 cr | +4.69% |
| Operating profit | ₹8 cr | ₹10 cr | -15.35% |
| Operating margin (%) | 50.03% | 55.32% | — |
| Interest | ₹1 cr | ₹1 cr | -2.60% |
| Depreciation | ₹4 cr | ₹4 cr | +4.47% |
| Profit before tax | ₹4 cr | ₹5 cr | -17.98% |
| Tax | ₹1 cr | ₹1 cr | -13.95% |
| Net profit | ₹4 cr | ₹5 cr | -18.74% |
| EPS (₹) | ₹0.12 | ₹0.16 | -25.00% |
Operating margin of 50.03% compares with a Services sector median of 21.73% across 45 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 50.03% after the 5.29-percentage-point QoQ decline.
- Whether revenue improves from Rs 16.53 cr while expenses reverse their 4.69% QoQ increase.
- Whether other income remains below the 31.1% share of pre-tax profit seen this quarter.