Sadbhav Infrastructure profit rises 28.20% as interest costs fall
QoQ revenue rose 0.86%, while lower interest and a 3.45-point tax-rate drop lifted pre-tax profit and net profit.
Filed 02 Nov 2026, 21:15 IST · after market close · Sadbhav Infrastructure Projects Ltd (SADBHIN)
Key takeaways
- Consolidated net profit rose +28.20% QoQ to Rs 67.88 cr as interest expense fell -14.00%.
- Operating margin widened 0.44 percentage points to 74.18% because revenue grew +0.86% while expenses fell -0.82%.
- Other income contributed 7.05% of pre-tax profit, while the tax rate fell 3.45 percentage points to 16.08%.
Price around the results
Interest cut drives the earnings step-up
In consolidated results, profit before tax rose +22.90% QoQ, helped by a -14.00% reduction in interest expense. Net profit grew faster at +28.20% as the tax rate fell 3.45 percentage points; other income also accounted for 7.05% of pre-tax profit.
Operating margin improves as expenses decline
Revenue increased +0.86% QoQ while expenses declined -0.82%, allowing operating profit to rise +1.46% and operating margin to widen by 0.44 percentage points. The margin improvement reflects expense control rather than faster revenue growth.
Margin remains well above the Industrials peer median
Sadbhav Infrastructure's 74.18% operating margin was 62.65 percentage points above the 11.53% median for 88 Industrials peers that had reported the quarter. Sequentially, the margin improved from 73.74% in Q1FY27 to 74.18% in Q2FY27.
Results filed after market close
The consolidated results were filed after market close on 2 Nov 2026. The stock's immediate response is therefore not yet part of this read.
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 | ₹202 cr | ₹200 cr | +0.86% |
| Other income | ₹6 cr | ₹-0 cr | — |
| Expenses | ₹52 cr | ₹53 cr | -0.82% |
| Operating profit | ₹150 cr | ₹148 cr | +1.46% |
| Operating margin (%) | 74.18% | 73.74% | — |
| Interest | ₹39 cr | ₹45 cr | -14.00% |
| Depreciation | ₹36 cr | ₹37 cr | -2.34% |
| Profit before tax | ₹81 cr | ₹66 cr | +22.90% |
| Tax | ₹13 cr | ₹13 cr | +1.25% |
| Net profit | ₹68 cr | ₹53 cr | +28.20% |
| EPS (₹) | ₹1.32 | ₹0.95 | +38.95% |
Operating margin of 74.18% compares with a Industrials sector median of 11.53% across 88 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 74.18%.
- Whether interest expense stays below Rs 38.76 cr.
- Whether other income remains near 7.05% of pre-tax profit and the tax rate near 16.08%.