Operating loss narrows, but other income drives Transworld profit
Revenue rose +37.83% sequentially as expenses fell -3.38%, while other income was 132.36% of pre-tax profit.
Filed 06 Nov 2026, 18:16 IST · after market close · TRANSWORLD (TRANSWORLD)
Key takeaways
- Consolidated revenue rose 37.83% sequentially while expenses fell 3.38%, narrowing the operating loss to Rs 8.12 cr.
- Net profit rose 90.24% to Rs 56.14 cr, but other income equalled 132.36% of profit before tax.
- Operating margin improved 45.11 percentage points sequentially to -5.75%, though the business remained loss-making at the operating level.
Revenue growth cut the operating loss
Transworld's consolidated revenue grew 37.83% sequentially, while expenses declined 3.38%. That combination narrowed the operating loss from Rs 52.11 cr to Rs 8.12 cr and lifted operating margin by 45.11 percentage points, although the margin stayed negative at -5.75%. Lower interest and depreciation also helped: interest fell 73.68% and depreciation fell 56.41%.
Other income drove reported profit
Other income was Rs 74.44 cr and represented 132.36% of profit before tax, which was Rs 56.24 cr. This means reported profit was not generated by operations alone, with the operating business still loss-making. The 0.18% tax rate, down 2.78 percentage points sequentially, also left almost all of pre-tax profit in net profit.
Quarter-on-quarter improvement, with no market reaction yet
Net profit increased 90.24% sequentially and EPS rose 90.25% to Rs 25.57, following the sharp improvement in operating loss, lower finance costs and lower depreciation. The available trend shows the prior quarter only, so it does not establish a multi-quarter direction. The consolidated results were filed after market close, and no market reaction was available at the time of reporting.
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 | ₹141 cr | ₹102 cr | +37.83% |
| Other income | ₹74 cr | ₹108 cr | -31.05% |
| Expenses | ₹149 cr | ₹155 cr | -3.38% |
| Operating profit | ₹-8 cr | ₹-52 cr | +84.42% |
| Operating margin (%) | -5.75% | -50.86% | — |
| Interest | ₹2 cr | ₹6 cr | -73.68% |
| Depreciation | ₹9 cr | ₹20 cr | -56.41% |
| Profit before tax | ₹56 cr | ₹30 cr | +84.94% |
| Tax | ₹0 cr | ₹1 cr | -88.89% |
| Net profit | ₹56 cr | ₹30 cr | +90.24% |
| EPS (₹) | ₹25.57 | ₹13.44 | +90.25% |
What to watch
- Whether operating margin improves from -5.75% in the next quarter.
- Whether profit remains dependent on other income, which represented 132.36% of profit before tax.
- Whether interest and depreciation remain near or below Rs 1.54 cr and Rs 8.54 cr, respectively.