Surana Telecom: net profit change -98.09% as margin falls
Revenue fell -36.00% sequentially, while other income still accounted for 1169.57% of pre-tax profit.
Filed 03 Nov 2026, 12:42 IST · Surana Telecom and Power Ltd (SURANAT&P)
Key takeaways
- Consolidated operating margin fell 27.86 percentage points sequentially to 6.44% as revenue declined -36.00%, faster than expenses at -9.13%.
- Other income contributed 1169.57% of pre-tax profit, making the Rs 0.21 cr net profit heavily dependent on non-operating income.
- Surana Telecom's 6.44% operating margin was 35.90 percentage points below the Utilities median across 15 reported peers, ranking it third from bottom.
Price around the results
Revenue contraction drives sharp profit decline
Surana Telecom and Power reported consolidated net profit of Rs 0.21 cr in Q2FY27, down -98.09% sequentially from Q1FY27. Revenue fell -36.00% to Rs 2.24 cr, while operating profit declined -88.33% to Rs 0.14 cr. The weaker operating result, combined with the collapse in other income, reduced profit before tax by -98.11%.
Costs fell slower than revenue as other income dominated
Revenue declined -36.00%, but expenses fell only -9.13%, so expenses declined less than revenue and operating margin narrowed by 27.86 percentage points to 6.44%. Interest rose +2.47% to Rs 1.66 cr even as depreciation fell -10.48% to Rs 0.94 cr. Other income was Rs 2.69 cr, or 1169.57% of pre-tax profit, while the tax rate fell 2.85 percentage points to 6.81%; this made reported net profit less representative of operating performance.
Margin sits well below the Utilities peer median
The operating margin moved from 34.30% in Q1FY27 to 6.44% in Q2FY27, marking a sharp sequential deterioration. Surana Telecom's margin was 35.90 percentage points below the 42.34% median for 15 Utilities peers that had reported, placing it third from bottom.
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 | ₹2 cr | ₹4 cr | -36.00% |
| Other income | ₹3 cr | ₹14 cr | -80.29% |
| Expenses | ₹2 cr | ₹2 cr | -9.13% |
| Operating profit | ₹0 cr | ₹1 cr | -88.33% |
| Operating margin (%) | 6.44% | 34.30% | — |
| Interest | ₹2 cr | ₹2 cr | +2.47% |
| Depreciation | ₹1 cr | ₹1 cr | -10.48% |
| Profit before tax | ₹0 cr | ₹12 cr | -98.11% |
| Tax | ₹0 cr | ₹1 cr | -98.31% |
| Net profit | ₹0 cr | ₹11 cr | -98.09% |
| EPS (₹) | ₹0.02 | ₹0.81 | -97.53% |
Operating margin of 6.44% compares with a Utilities sector median of 42.34% across 15 peers that have reported Q2FY27.
What to watch
- Whether operating margin moves above 6.44% after the 27.86-percentage-point sequential decline.
- Whether other income's contribution falls from 1169.57% of pre-tax profit.
- Whether interest growth reverses from +2.47% sequentially.