ARTNIRMAN reports Rs 0.20 cr standalone loss in Q1FY27
Expenses exceeded revenue, and depreciation and interest widened the loss after a negative operating result.
Filed 05 Sep 2026, 16:39 IST · after market close · Art Nirman Ltd (ARTNIRMAN)
Key takeaways
- Standalone operating margin was -3.85%, leaving Art Nirman with a Rs 0.20 cr net loss.
- Expenses of Rs 2.20 cr exceeded revenue of Rs 2.11 cr, while interest and depreciation pushed the company to a Rs 0.16 cr pretax loss.
- The stock rose 2.82% on the day but fell 11.08% over 30 sessions, as the margin lagged the sector median by 15.30 percentage points.
Price around the results
Expenses left the quarter loss-making
Art Nirman’s standalone expenses of Rs 2.20 cr were higher than revenue of Rs 2.11 cr, producing an operating loss of Rs 0.08 cr. Other income of Rs 0.11 cr did not offset the operating loss and the charges below it. Interest of Rs 0.04 cr and depreciation of Rs 0.15 cr took profit before tax to a Rs 0.16 cr loss.
Tax was charged despite the pretax loss
The company reported a Rs 0.04 cr tax charge despite the pretax loss, reflected in a tax rate of -22.17%. That charge further widened the reported net loss to Rs 0.20 cr. With no quarter-on-quarter or year-on-year comparison in the reported set, the main signal this quarter is the negative operating margin rather than a change in momentum.
Margin sits well below reported sector peers
Art Nirman’s operating margin of -3.85% was 15.30 percentage points below the 11.45% median for 384 Consumer Discretionary companies that had reported the same quarter. It ranked 28th from the bottom on this measure. The gap reflects both the company’s operating loss and the sector peers’ positive median margin.
Initial share-price gain did not last
The stock rose 2.82% on the day of the market reaction and gained 4.75% after one session. That move had reversed by the 30th session, when the stock was down 11.08% from the reaction anchor, while its relative return versus the benchmark was -0.42% after five sessions.
Q1FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2 cr |
| Other income | ₹0 cr |
| Expenses | ₹2 cr |
| Operating profit | ₹-0 cr |
| Operating margin (%) | -3.85% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-0 cr |
| Tax | ₹0 cr |
| Net profit | ₹-0 cr |
| EPS (₹) | ₹-0.08 |
Operating margin of -3.85% compares with a Consumer Discretionary sector median of 11.45% across 384 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +2.82% | +3.15% |
| Next session | +4.75% | — |
| 5 sessions | -1.02% | -0.42% |
| 15 sessions | -2.09% | — |
| 30 sessions | -11.08% | — |
Volume on the results session was 0.27× its 20-day average.
What to watch
- Whether revenue moves above Rs 2.11 cr while expenses remain below Rs 2.20 cr.
- Whether operating margin recovers from -3.85%.
- Whether the Rs 0.04 cr tax charge recurs despite a pretax loss.