Wanbury's Q2 operating margin trails healthcare peer median by 8.97 points
Interest of Rs 6.30 cr and depreciation of Rs 4.19 cr reduced the conversion of Rs 22.73 cr operating profit into Rs 12.36 cr pre-tax profit.
Filed 04 Nov 2026, 20:55 IST · after market close · Wanbury Ltd (WANBURY)
Key takeaways
- Interest of Rs 6.30 cr and depreciation of Rs 4.19 cr reduced the conversion of Rs 22.73 cr operating profit into Rs 12.36 cr pre-tax profit.
- Wanbury's 12.43% operating margin was 8.97 percentage points below the 21.40% median for 69 Healthcare peers that have reported.
- Other income was only Rs 0.12 cr against pre-tax profit of Rs 12.36 cr, so reported profit was not materially supported by non-operating income.
Price around the results
Operating profit conversion remained the key issue
Wanbury reported consolidated Q2FY27 operating profit of Rs 22.73 cr on revenue of Rs 182.91 cr, with operating margin at 12.43%. The gap between operating profit and pre-tax profit reflects the burden of interest and depreciation rather than support from other income. Other income contributed just Rs 0.12 cr.
Interest and depreciation weighed below the operating line
Interest expense was Rs 6.30 cr and depreciation was Rs 4.19 cr, both reducing the amount of operating profit that reached pre-tax profit. Tax of Rs 3.83 cr then reduced pre-tax profit of Rs 12.36 cr to net profit of Rs 8.53 cr. The 31.02% tax rate was another part of the reported profit bridge.
Margin was below the Healthcare peer set
Wanbury's 12.43% operating margin was 8.97 percentage points below the 21.40% median among 69 Healthcare companies that have reported the same quarter. Its margin ranked 12th from the bottom in that reported peer group.
Results came after the market closed
The company filed its consolidated results at 20:55 IST on 4 November 2026, after market close. The stock's immediate response is therefore not covered in this first read.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹183 cr |
| Other income | ₹0 cr |
| Expenses | ₹160 cr |
| Operating profit | ₹23 cr |
| Operating margin (%) | 12.43% |
| Interest | ₹6 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹12 cr |
| Tax | ₹4 cr |
| Net profit | ₹9 cr |
| EPS (₹) | ₹2.44 |
Operating margin of 12.43% compares with a Healthcare sector median of 21.40% across 69 peers that have reported Q2FY27.
What to watch
- Whether operating margin moves from the 12.43% Q2 level.
- The relationship between Rs 22.73 cr operating profit and Rs 12.36 cr pre-tax profit, with interest at Rs 6.30 cr.
- Whether other income remains a small contributor relative to Rs 12.36 cr pre-tax profit after Rs 0.12 cr this quarter.