Ashima posts Rs 20.19 cr consolidated loss as other income turns negative
Expenses exceeded revenue, leaving operating margin at -75.89%; a tax credit reduced the loss from the Rs 23.56 cr pre-tax deficit.
Filed 29 Oct 2026, 13:08 IST · Ashima Ltd (ASHIMASYN)
Key takeaways
- Ashima reported a consolidated net loss of Rs 20.19 cr in Q2FY27, with EPS at negative Rs 1.06.
- Revenue of Rs 14.98 cr was outweighed by Rs 26.35 cr of expenses, producing an operating loss of Rs 11.37 cr.
- Operating margin of -75.89% was 88.63 percentage points below the 12.74% median for 107 Consumer Discretionary peers.
Price around the results
Operating costs overwhelmed the revenue base
Ashima's consolidated revenue of Rs 14.98 cr did not cover expenses of Rs 26.35 cr, resulting in an operating loss of Rs 11.37 cr. Interest of Rs 2.49 cr added to the pressure below operating profit. Depreciation was limited to Rs 0.07 cr, so the loss was primarily operational and financing-related.
Negative other income widened the pre-tax loss
Other income was negative at Rs 9.63 cr, further reducing profit after the operating loss and taking the pre-tax loss to Rs 23.56 cr. The tax line showed a Rs 4.48 cr credit at a reported tax rate of 19.02%, which reduced the net loss to Rs 20.19 cr. That tax benefit softened, but did not remove, the loss.
Margin ranked near the bottom of the sector
Ashima's operating margin of -75.89% was 88.63 percentage points below the 12.74% median among 107 reported Consumer Discretionary peers. The company ranked second from the bottom on this measure, putting the quarter's margin well outside the sector range.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹15 cr |
| Other income | ₹-10 cr |
| Expenses | ₹26 cr |
| Operating profit | ₹-11 cr |
| Operating margin (%) | -75.89% |
| Interest | ₹2 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-24 cr |
| Tax | ₹-4 cr |
| Net profit | ₹-20 cr |
| EPS (₹) | ₹-1.06 |
Operating margin of -75.89% compares with a Consumer Discretionary sector median of 12.74% across 107 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -6.40% | -6.90% |
Volume on the results session was 0.50× its 20-day average.
What to watch
- Whether operating margin improves from -75.89%.
- Whether revenue rises from Rs 14.98 cr while expenses fall below Rs 26.35 cr.
- Whether other income moves back from negative Rs 9.63 cr and interest remains below Rs 2.49 cr.