Diversified · Q2FY27 · Standalone

Other income drives TTK Healthcare’s Q2 profit as operating margin slips

Standalone operating profit fell 74.56% sequentially as revenue declined faster than expenses, while other income lifted reported profit sharply.

By Ashutosh

Filed 30 Oct 2026, 13:16 IST · TTK Healthcare Ltd (TTKHLTCARE)

Key takeaways

  • Standalone revenue fell 9.39% QoQ to Rs 233.38 cr, while expenses fell only 5.43%, compressing operating margin by 4.12 percentage points.
  • Other income rose 1,489.87% QoQ to Rs 266.94 cr and accounted for 99.63% of profit before tax, making Q2 profit primarily non-operating.
  • Net profit rose 947.79% QoQ to Rs 222.97 cr, helped by a 9.48 percentage-point fall in the tax rate to 16.78%.

Price around the results

Other income drove the profit surge

TTK Healthcare’s standalone profit before tax rose 828.41% QoQ to Rs 267.94 cr, but other income accounted for 99.63% of it. The resulting Rs 222.97 cr net profit therefore does not reflect a comparable improvement in operating performance. The lower tax rate, at 16.78% versus 26.26% in Q1FY27, provided an additional lift to net profit.

Revenue fell faster than expenses

Revenue declined 9.39% QoQ, while expenses declined only 5.43%, so the cost base fell more slowly than sales. That operating mismatch drove a 4.12 percentage-point contraction in margin to 1.60% and a 74.56% drop in operating profit. Interest expense also rose 11.32% sequentially, adding modest pressure below the operating line.

Reported profit rose as core momentum weakened

The quarter-to-quarter direction was sharply split: operating profit fell 74.56%, while net profit rose 947.79% because of the surge in other income. Operating margin also moved down from 5.72% in Q1FY27 to 1.60% in Q2FY27, marking a clear sequential deterioration in the core business.

Q2FY27 at a glance

Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.

Line itemQ2FY27Q1FY27QoQ
Revenue₹233 cr₹258 cr-9.39%
Other income₹267 cr₹17 cr+1489.87%
Expenses₹230 cr₹243 cr-5.43%
Operating profit₹4 cr₹15 cr-74.56%
Operating margin (%)1.60%5.72%—
Interest₹1 cr₹1 cr+11.32%
Depreciation₹2 cr₹2 cr+0.93%
Profit before tax₹268 cr₹29 cr+828.41%
Tax₹45 cr₹8 cr+493.14%
Net profit₹223 cr₹21 cr+947.79%
EPS (₹)₹157.80₹15.06+947.81%

What to watch

  • Whether revenue moves back above the Q1FY27 level of Rs 257.56 cr.
  • Whether operating margin recovers from 1.60% toward 5.72%, the Q1FY27 level.
  • Whether other income remains a material contributor after accounting for 99.63% of Q2FY27 profit before tax.