Standalone loss widens as Rs 21.78 cr other-income hit dominates Q2
Operating margin improved 678.56 percentage points sequentially, but revenue fell 90.63% and the company remained loss-making.
Filed 12 Nov 2026, 19:29 IST · after market close · CEREBRAINT (CEREBRAINT)
Key takeaways
- Standalone net loss widened to Rs 23.76 cr in Q2FY27 from Rs 6.46 cr in Q1FY27 after other income turned negative at Rs 21.78 cr.
- Revenue fell 90.63% sequentially to Rs 0.03 cr, while expenses fell 94.45%, lifting operating margin by 678.56 percentage points.
- The Rs 21.78 cr negative other-income line represented 91.67% of the pre-tax loss, while interest expense declined 19.19% to Rs 1.60 cr.
Q2 loss was driven by a negative other-income line
CEREBRAINT reported a standalone net loss of Rs 23.76 cr in Q2FY27, compared with a Rs 6.46 cr loss in Q1FY27. The sequential deterioration came despite operating loss narrowing to Rs 0.31 cr, as other income moved from zero to a negative Rs 21.78 cr. That line represented 91.67% of the pre-tax loss, making reported profit quality weak.
Lower expenses lifted a deeply negative operating margin
Revenue declined 90.63% sequentially to Rs 0.03 cr, while expenses fell 94.45% to Rs 0.34 cr. Because expenses declined faster than revenue, operating margin improved by 678.56 percentage points, although it remained deeply negative at -1120.36%. Interest expense also fell 19.19% to Rs 1.60 cr, while the tax rate declined by 17.87 percentage points to zero.
Sequential comparison shows lower revenue but a smaller operating loss
The quarter had weaker revenue momentum than Q1FY27, but the lower expense base reduced the operating loss from Rs 5.80 cr to Rs 0.31 cr. That improvement did not carry through to pre-tax profit because of the Rs 21.78 cr negative other-income entry. The company filed these standalone results after market close on 12 Nov 2026, so there is no market reaction to assess yet.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹0 cr | ₹0 cr | -90.63% |
| Other income | ₹-22 cr | ₹0 cr | — |
| Expenses | ₹0 cr | ₹6 cr | -94.45% |
| Operating profit | ₹-0 cr | ₹-6 cr | +94.66% |
| Operating margin (%) | -1120.36% | -1798.92% | — |
| Interest | ₹2 cr | ₹2 cr | -19.19% |
| Depreciation | ₹0 cr | ₹0 cr | -12.50% |
| Profit before tax | ₹-24 cr | ₹-8 cr | -202.29% |
| Tax | ₹0 cr | ₹-1 cr | — |
| Net profit | ₹-24 cr | ₹-6 cr | -267.80% |
| EPS (₹) | ₹-2.12 | ₹-0.58 | -265.52% |
What to watch
- Whether revenue moves up from Rs 0.03 cr in the next quarter.
- Whether operating margin improves from -1120.36%.
- Whether the negative other-income line of Rs 21.78 cr recurs.