Kore Digital's Profit Surges Nearly 400% Year-on-Year Despite Quarterly Dip
The telecom infrastructure firm posted a 389% YoY profit jump, though revenue and profit declined sequentially from a strong Q1.
Kore Digital's Q2 FY26 profit skyrocketed 388.8% year-on-year, with revenue more than doubling. Profitability improved significantly, with the net profit margin expanding to 10.9%.
Kore Digital Limited, a telecom infrastructure provider, delivered a quarter of explosive year-on-year growth tempered by a sequential pullback. The company's profit for Q2 FY26 surged nearly 400% compared to the same period last year, while revenue more than doubled, showcasing a dramatic improvement in its core earnings power.
The headline figures tell a story of two different comparisons. On a year-on-year basis, the performance is stellar: revenue grew 145.7% to ₹100.88 crore, and profit soared 388.8% to ₹10.95 crore. This translated into a major expansion in profitability, with the net profit margin rising 540 basis points to 10.9%. However, compared to the exceptionally strong first quarter of this fiscal year, both revenue and profit moderated, declining 35.7% and 20.4%, respectively.
A look at the last five quarters provides useful context for this volatile trajectory.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ2 FY26 | PreviousQ1 FY26 | Same quarter LYQ2 FY25 |
|---|---|---|---|
| Period Ended | September 2025 | June 2025 | September 2024 |
| Revenue (₹ Cr) | 100.88YoY +146% | 156.99 | 41.05 |
| Profit (₹ Cr) | 10.95YoY +389% | 13.76 | 2.24 |
| Net Profit Margin (%) | 10.9YoY +98% | 8.8 | 5.5 |
The table shows that while Q2 FY26 revenue and profit dipped from the prior quarter, they remain well above the levels seen in the first half of the previous fiscal year. The trailing twelve-month (TTM) revenue stands at ₹493.8 crore with a TTM net profit margin of 10.0%, indicating a sustained improvement in the company's earnings profile over a longer horizon.
Key Points
- The company maintains a robust balance sheet with a very low debt-to-equity ratio of 0.04.
- Return on Equity (ROE) is strong at 25.92%, reflecting efficient use of shareholder capital.
- Despite the strong earnings growth, the stock trades at a significant discount to its industry, with a P/E ratio of 1.5 compared to the sector average of 17.6.
Overall, Kore Digital's latest results confirm a powerful earnings recovery is underway, even as quarterly performance normalizes from a peak. The key question for the coming quarters is whether the company can stabilize revenue near current levels while defending its hard-won gains in profitability.
Also read
Want this applied to your portfolio?
Talk to a HexaWealth advisor, or sync your mutual fund data for insights tailored to your holdings.