Revenue fell 11.64% as Signpost margin narrowed 1.40 percentage points
Expenses fell more slowly than revenue, while a lower 19.71% tax rate cushioned the quarter-on-quarter decline in net profit.
Filed 02 Nov 2026, 20:46 IST · after market close · Signpost India Ltd (SIGNPOST)
Key takeaways
- Consolidated revenue fell 11.64% quarter-on-quarter, while expenses declined 10.05%, narrowing operating margin by 1.40 percentage points to 21.14%.
- Net profit declined 15.33% to Rs 15.80 cr, cushioned by a 7.43 percentage-point fall in the tax rate to 19.71%.
- Signpost’s 21.14% operating margin was 8.40 percentage points above the Consumer Discretionary median across 153 reported peers.
Price around the results
Revenue contraction outpaced the cost reduction
Consolidated revenue declined 11.64% quarter-on-quarter to Rs 134.54 cr, while expenses fell 10.05% to Rs 106.10 cr. Because costs declined more slowly than revenue, operating profit fell 17.10% and operating margin narrowed by 1.40 percentage points to 21.14%. Other income rose 67.90% to Rs 1.36 cr, but contributed only 6.91% of pre-tax profit and was not the main earnings driver.
Lower tax rate softened the profit decline
Pre-tax profit fell 23.13% quarter-on-quarter, with interest broadly flat and depreciation rising 11.43%. Net profit declined by a smaller 15.33% because the tax rate dropped 7.43 percentage points to 19.71%. The lower tax charge therefore cushioned the reported profit decline rather than reflecting stronger operating performance.
Margin remains above the reported peer median
Signpost’s 21.14% operating margin was 8.40 percentage points above the 12.74% median for 153 Consumer Discretionary peers that had reported the same quarter. Sequentially, however, margin moved down from 22.54%, marking a weaker quarter on operating conversion than Q1FY27. With only the immediately preceding quarter shown, the available trend establishes a sequential decline but not a longer multi-quarter pattern.
Results were filed after market close
Signpost filed the consolidated Q2FY27 results after market close on 2 November 2026. The filing therefore does not yet provide a post-results stock reaction or a comparison with the stock’s past result-day moves.
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 | ₹135 cr | ₹152 cr | -11.64% |
| Other income | ₹1 cr | ₹1 cr | +67.90% |
| Expenses | ₹106 cr | ₹118 cr | -10.05% |
| Operating profit | ₹28 cr | ₹34 cr | -17.10% |
| Operating margin (%) | 21.14% | 22.54% | — |
| Interest | ₹4 cr | ₹4 cr | -0.50% |
| Depreciation | ₹6 cr | ₹6 cr | +11.43% |
| Profit before tax | ₹20 cr | ₹26 cr | -23.13% |
| Tax | ₹4 cr | ₹7 cr | -44.17% |
| Net profit | ₹16 cr | ₹19 cr | -15.33% |
| EPS (₹) | ₹2.96 | ₹3.49 | -15.19% |
Operating margin of 21.14% compares with a Consumer Discretionary sector median of 12.74% across 153 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 21.14% after the sequential decline from 22.54%.
- Whether revenue recovers from Rs 134.54 cr without expenses growing faster than revenue.
- Whether the tax rate remains near 19.71% rather than reverting to the Q1FY27 level of 27.14%.