Revenue jumps 44.53%, but faster costs cut operating margin
Consolidated net profit rose 54.87% sequentially as lower interest and tax rates offset weaker operating leverage.
Filed 05 Nov 2026, 22:54 IST · after market close · UNIVASTU (UNIVASTU)
Key takeaways
- Consolidated revenue rose 44.53% sequentially, but expenses grew faster at 46.47%, narrowing operating margin by 1.16 percentage points.
- Net profit increased 54.87% sequentially, helped by a 1.72-percentage-point decline in the tax rate and 17.14% lower interest costs.
- Other income accounted for 11.93% of consolidated pre-tax profit, making it a meaningful contributor to reported earnings.
Q2 scale-up outpaced operating profit
UNIVASTU's consolidated revenue increased 44.53% sequentially to Rs 149.91 cr, while operating profit grew 32.83% to Rs 19.54 cr. The gap shows that the quarter's higher revenue did not translate proportionately into operating profit. Net profit nevertheless rose 54.87% to Rs 15.58 cr.
Faster expense growth squeezed margins
Expenses grew 46.47%, faster than revenue growth of 44.53%, reducing operating margin by 1.16 percentage points to 13.03%. Lower interest costs, down 17.14%, and a tax-rate reduction of 1.72 percentage points supported profit after the operating margin decline. Other income contributed 11.93% of pre-tax profit, so earnings were not entirely driven by operations.
Sequential momentum came with weaker margin
Compared with Q1FY27, revenue and net profit accelerated sharply, but operating margin fell from 14.19% to 13.03%. The available quarter trend therefore points to a sequential margin contraction rather than a broad-based improvement across the income statement. The consolidated results were filed after market close, so no market reaction is covered.
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 | ₹150 cr | ₹104 cr | +44.53% |
| Other income | ₹2 cr | ₹0 cr | +542.11% |
| Expenses | ₹130 cr | ₹89 cr | +46.47% |
| Operating profit | ₹20 cr | ₹15 cr | +32.83% |
| Operating margin (%) | 13.03% | 14.19% | — |
| Interest | ₹1 cr | ₹1 cr | -17.14% |
| Depreciation | ₹1 cr | ₹1 cr | +25.00% |
| Profit before tax | ₹20 cr | ₹14 cr | +51.22% |
| Tax | ₹5 cr | ₹3 cr | +41.33% |
| Net profit | ₹16 cr | ₹10 cr | +54.87% |
| EPS (₹) | ₹4.09 | ₹2.77 | +47.65% |
What to watch
- Whether operating margin recovers from 13.03% after the 1.16-percentage-point sequential decline.
- Whether expense growth stays above revenue growth after 46.47% versus 44.53% in Q2FY27.
- Whether other income remains a material contributor after accounting for 11.93% of pre-tax profit.