ARSS Infra narrows loss as revenue rises 59.05% QoQ
Revenue grew faster than expenses, lifting operating margin by 24.39 percentage points, but interest costs kept consolidated profit before tax negative.
Filed 10 Nov 2026, 16:37 IST · after market close · ARSSINFRA (ARSSINFRA)
Key takeaways
- Revenue rose 59.05% QoQ to Rs 23.11 cr, while expenses grew 31.47%, helping narrow the net loss to Rs 8.07 cr.
- Operating margin improved by 24.39 percentage points QoQ to -16.04%, but the company remained loss-making at the operating level.
- Interest expense increased 1.58% QoQ to Rs 5.77 cr, while a Rs 0.90 cr tax benefit reduced the reported loss.
Revenue recovery reduced the quarterly loss
ARSS Infra's consolidated revenue increased 59.05% QoQ to Rs 23.11 cr, while expenses rose 31.47% to Rs 26.82 cr. The narrower operating loss helped reduce the net loss to Rs 8.07 cr from Rs 10.90 cr in Q1FY27. EPS improved to a loss of Rs 0.90 from a loss of Rs 1.21.
Margin improved, but interest remained a major drag
Revenue grew faster than expenses, improving operating margin by 24.39 percentage points to -16.04%. Interest expense still increased 1.58% QoQ to Rs 5.77 cr, keeping profit before tax at a loss of Rs 8.96 cr. Other income was Rs 0.81 cr and represented -9.04% of pre-tax profit, so it did not offset the pre-tax loss.
Results were filed after market close
The consolidated results were filed after market close on 10 November 2026. A market reaction is therefore not included in this report.
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 | ₹23 cr | ₹15 cr | +59.05% |
| Other income | ₹1 cr | ₹1 cr | -14.74% |
| Expenses | ₹27 cr | ₹20 cr | +31.47% |
| Operating profit | ₹-4 cr | ₹-6 cr | +36.80% |
| Operating margin (%) | -16.04% | -40.43% | — |
| Interest | ₹6 cr | ₹6 cr | +1.58% |
| Depreciation | ₹0 cr | ₹0 cr | +11.11% |
| Profit before tax | ₹-9 cr | ₹-11 cr | +17.57% |
| Tax | ₹-1 cr | ₹0 cr | — |
| Net profit | ₹-8 cr | ₹-11 cr | +25.96% |
| EPS (₹) | ₹-0.90 | ₹-1.21 | +25.62% |
What to watch
- Whether operating margin improves from -16.04% in the next quarter.
- Whether interest expense falls below Rs 5.77 cr.
- Whether revenue remains above Rs 23.11 cr while expenses grow more slowly than revenue.