Standalone profit returns as revenue rises 590.22% QoQ
Operating margin swung to 63.47% as expenses barely increased, while the tax rate was broadly unchanged.
Filed 12 Nov 2026, 23:52 IST · after market close · SYSTMTXC (SYSTMTXC)
Key takeaways
- Standalone net profit swung from a loss of Rs 6.19 cr in Q1FY27 to Rs 12.14 cr in Q2FY27 as revenue rose +590.22% QoQ.
- Operating margin improved by 208.18 percentage points to 63.47% because expenses grew only +3.20% while revenue surged.
- Other income was 5.19% of pre-tax profit, so the profit was driven mainly by operations rather than non-operating income.
Revenue rebound drives the return to profit
SYSTMTXC reported standalone net profit of Rs 12.14 cr in Q2FY27, compared with a loss of Rs 6.19 cr in Q1FY27. Revenue rose +590.22% QoQ to Rs 24.71 cr, while operating profit moved from a loss of Rs 5.17 cr to Rs 15.68 cr.
Operating leverage, not tax, explains the margin swing
Expenses increased only +3.20% QoQ to Rs 9.03 cr, far slower than revenue, lifting operating margin by 208.18 percentage points to 63.47%. Interest expense rose +37.66% to Rs 1.06 cr, but this did not prevent the operating profit recovery. The tax rate changed only 0.22 percentage points to 12.45%, so the improved net profit was not mainly a tax-rate effect.
Quarterly direction turns sharply positive; filing came after close
The available quarterly trend shows a move from negative operating margin and net profit in Q1FY27 to positive results in Q2FY27. Other income contributed 5.19% of pre-tax profit, limiting its role in the reported earnings. The results were filed after market close, so there is no reported market reaction yet.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹25 cr | ₹4 cr | +590.22% |
| Other income | ₹1 cr | ₹0 cr | +200.00% |
| Expenses | ₹9 cr | ₹9 cr | +3.20% |
| Operating profit | ₹16 cr | ₹-5 cr | — |
| Operating margin (%) | 63.47% | -144.71% | — |
| Interest | ₹1 cr | ₹1 cr | +37.66% |
| Depreciation | ₹1 cr | ₹1 cr | +9.63% |
| Profit before tax | ₹14 cr | ₹-7 cr | — |
| Tax | ₹2 cr | ₹-1 cr | — |
| Net profit | ₹12 cr | ₹-6 cr | — |
| EPS (₹) | ₹0.89 | ₹-0.45 | — |
What to watch
- Whether revenue remains above Rs 24.71 cr next quarter.
- Whether operating margin holds above 63.47%.
- Whether interest expense stays below Rs 1.06 cr.