No revenue, and depreciation kept AHLWEST in a Rs 0.19 cr loss
Other income of Rs 1.38 cr was outweighed by Rs 1.51 cr depreciation, while a Rs 0.54 cr tax credit reduced the reported loss.
Filed 14 Aug 2026, 15:29 IST · AHLWEST (AHLWEST)
Key takeaways
- Standalone revenue was Rs 0 cr, leaving the Rs 0.43 cr expense base without operating revenue support.
- Depreciation of Rs 1.51 cr and interest of Rs 0.17 cr more than absorbed Rs 1.38 cr of other income, resulting in a Rs 0.72 cr pre-tax loss.
- A Rs 0.54 cr tax credit reduced the reported standalone net loss to Rs 0.19 cr, while EPS was negative at Rs 0.16.
Zero revenue left the cost base uncovered
AHLWEST reported standalone Q1FY27 revenue of Rs 0 cr, so expenses of Rs 0.43 cr translated directly into an operating loss of Rs 0.43 cr. Depreciation of Rs 1.51 cr and interest of Rs 0.17 cr then pushed the company to a pre-tax loss of Rs 0.72 cr, despite Rs 1.38 cr of other income.
Other income did not offset the loss
Other income was the only positive income contribution in the quarter, but it was insufficient to cover depreciation, interest and operating expenses. The Rs 0.54 cr tax credit partly reduced the loss after tax; the reported 74.2% tax rate should therefore be read in the context of a loss-making quarter rather than as a normal tax burden.
The loss narrowed after tax, but earnings remained negative
The tax credit reduced the Rs 0.72 cr pre-tax loss to a standalone net loss of Rs 0.19 cr. That still left EPS at negative Rs 0.16, with no operating revenue contribution in the quarter.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹0 cr |
| Other income | ₹1 cr |
| Expenses | ₹0 cr |
| Operating profit | ₹-0 cr |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹-1 cr |
| Net profit | ₹-0 cr |
| EPS (₹) | ₹-0.16 |
What to watch
- Whether revenue moves above Rs 0 cr and begins covering the Rs 0.43 cr expense base.
- Whether depreciation remains near Rs 1.51 cr in the next quarter.
- Whether other income is repeated near Rs 1.38 cr without another Rs 0.54 cr tax credit.