Q2 FY27 Results: Revenue up 29% YoY but margins shrink
BIRLAMONEY · price
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Total revenue from operations grew 29% YoY to Rs 13,769 lakhs in Q2 FY27; H1 revenue up 22.5% at Rs 26,847 lakhs. Q2 PAT rose 7.4% to Rs 1,089 lakhs but H1 PAT fell 13.7% to Rs 2,202 lakhs. Operating margin compressed to 11.21% in Q2 from 13.34% YoY. H1 operating cash flow turned sharply negative at minus Rs 16,099 lakhs vs plus Rs 1,796 lakhs last year. Broking segment leads revenue. Debt-equity ratio at 7.34x.
Strong revenue growth is offset by shrinking margins and sharply negative operating cash flow, which may weigh on investor sentiment.