Simplex Infra's operating margin rebounds 3.79 points in Q2
Revenue grew faster than expenses QoQ, while a lower tax rate also supported the 120.71% rise in consolidated net profit.
Filed 10 Nov 2026, 18:52 IST · after market close · Simplex Infrastructures Ltd (SIMPLEXINF)
Key takeaways
- Consolidated net profit rose +120.71% qoq as revenue growth outpaced expense growth.
- Operating margin expanded 3.79 percentage points qoq to 11.01%, but remained 0.53 percentage points below the Industrials peer median.
- The 26.18% tax rate was 1.87 percentage points lower qoq, while other income contributed 5.36% of pre-tax profit.
Price around the results
Revenue growth translated into operating leverage
In consolidated Q2FY27, revenue increased +24.17% qoq while expenses rose +19.09%. That spread lifted operating profit +89.46% and net profit +120.71%, with EPS rising +120.45%.
Lower cost growth widened the operating margin
Operating margin improved 3.79 percentage points qoq to 11.01% because costs grew more slowly than revenue. Interest still rose +4.73% and depreciation increased +3.36%, but neither prevented the improvement in operating profit. The lower tax rate also aided earnings, while other income was only 5.36% of pre-tax profit.
Margin improved but stayed below the Industrials median
The quarter-on-quarter direction was positive, with operating margin moving up from 7.22% in Q1FY27 to 11.01% in Q2FY27. Among 208 Industrials companies that had reported, Simplex Infrastructures was 0.53 percentage points below the sector median operating margin of 11.54%.
Results were filed after market close
Simplex Infrastructures filed its consolidated results at 18:52 IST on 10 Nov 2026, after market close. The results are too fresh for a post-results stock reaction 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 | ₹361 cr | ₹291 cr | +24.17% |
| Other income | ₹2 cr | ₹3 cr | -44.30% |
| Expenses | ₹321 cr | ₹270 cr | +19.09% |
| Operating profit | ₹40 cr | ₹21 cr | +89.46% |
| Operating margin (%) | 11.01% | 7.22% | — |
| Interest | ₹2 cr | ₹1 cr | +4.73% |
| Depreciation | ₹8 cr | ₹8 cr | +3.36% |
| Profit before tax | ₹32 cr | ₹15 cr | +115.10% |
| Tax | ₹8 cr | ₹4 cr | +100.72% |
| Net profit | ₹24 cr | ₹11 cr | +120.71% |
| EPS (₹) | ₹2.91 | ₹1.32 | +120.45% |
Operating margin of 11.01% compares with a Industrials sector median of 11.54% across 208 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 11.01% after the 3.79-percentage-point qoq gain.
- Whether expense growth stays below revenue growth, after +19.09% versus +24.17% qoq.
- Whether the tax rate remains closer to 26.18% than Q1FY27's 28.05%.