Rudra's margin slips as costs outpace revenue in Q2FY27
Consolidated net profit fell -48.90% sequentially as operating profit declined and interest costs rose faster than revenue.
Filed 05 Nov 2026, 19:01 IST · after market close · Rudra Global Infra Products Ltd (RUDRA)
Key takeaways
- Consolidated operating margin fell 1.42 percentage points sequentially to 5.13% as expenses grew +1.89% against revenue growth of +0.37%.
- Net profit declined -48.90% sequentially to Rs 1.85 cr, while interest rose +5.98% and the tax rate increased 0.42 percentage points.
- Rudra's 5.13% operating margin was 6.37 percentage points below the Industrials median after 178 peers reported.
Price around the results
Costs cut margin despite almost flat revenue
Rudra's consolidated revenue grew only +0.37% sequentially, while expenses increased +1.89%. Costs therefore grew faster than revenue, driving a 1.42 percentage-point decline in operating margin to 5.13%. Operating profit fell -21.44% sequentially as a result.
Higher interest added to the profit squeeze
Interest expense rose +5.98% sequentially, further reducing profit before tax after the operating decline. The tax rate also increased 0.42 percentage points to 25.34%, so the lower net profit was not helped by a lower tax burden. Other income accounted for 8.10% of profit before tax, making it a modest contributor to reported earnings quality.
Margin remains below the Industrials peer median
The consolidated operating margin of 5.13% was 6.37 percentage points below the 11.50% median for 178 Industrials peers that had reported the quarter. Rudra ranked 23rd from the bottom on this measure. Sequentially, the margin declined from 6.55% in Q1FY27, while profit before tax fell -48.76%.
Results were filed after market close
The company filed its consolidated Q2FY27 results after market close on 5 Nov 2026 at 19:01 IST. The results are too fresh for a post-results stock move to assess.
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 | ₹160 cr | ₹160 cr | +0.37% |
| Other income | ₹0 cr | ₹0 cr | +150.00% |
| Expenses | ₹152 cr | ₹149 cr | +1.89% |
| Operating profit | ₹8 cr | ₹10 cr | -21.44% |
| Operating margin (%) | 5.13% | 6.55% | — |
| Interest | ₹4 cr | ₹4 cr | +5.98% |
| Depreciation | ₹2 cr | ₹2 cr | -0.66% |
| Profit before tax | ₹2 cr | ₹5 cr | -48.76% |
| Tax | ₹1 cr | ₹1 cr | -47.50% |
| Net profit | ₹2 cr | ₹4 cr | -48.90% |
| EPS (₹) | ₹0.18 | ₹0.36 | -50.00% |
Operating margin of 5.13% compares with a Industrials sector median of 11.50% across 178 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 5.13% after the 1.42 percentage-point sequential decline.
- Whether expense growth falls below the +1.89% reported this quarter against revenue growth of +0.37%.
- Whether interest growth moderates from +5.98% and the tax rate remains near 25.34%.