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.
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 item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| 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.