CURAA's operating margin widens 206.44 points but stays negative
Expenses fell -55.56% sequentially while revenue was unchanged, narrowing the loss without any benefit from tax or other income.
Filed 12 Nov 2026, 12:58 IST · CURAA (CURAA)
Key takeaways
- A -55.56% sequential fall in expenses, with revenue unchanged, narrowed CURAA's operating loss to 0.03.
- Operating margin widened +206.44 percentage points to -67.63%, but remained negative.
- The net loss narrowed by +35.71% qoq without support from other income or tax.
Lower expenses drove the sequential improvement
CURAA's standalone revenue was unchanged qoq, but expenses fell -55.56%, which narrowed the operating loss to 0.03 from 0.13 in Q1FY27. The net loss narrowed by +35.71% qoq to 0.18. Revenue therefore did not drive the improvement; lower costs did.
Margin recovery came without non-operating support
With revenue unchanged and expenses down -55.56%, operating margin widened +206.44 percentage points to -67.63%. Interest was unchanged at 0.04 and depreciation at 0.11, so neither helped the sequential improvement. Other income was 0.00 and the tax rate was 0.00%, leaving no tax or other-income benefit behind the narrower loss.
A sharp rebound from Q1, but both quarters remained loss-making
Operating margin improved from -274.07% in Q1FY27 to -67.63% in Q2FY27, marking a substantial sequential recovery. However, the margin remained negative, and profit before tax stayed at a loss of 0.18. The available trend shows improvement over one quarter rather than a confirmed multi-quarter direction.
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 | +0.00% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹0 cr | ₹0 cr | -55.56% |
| Operating profit | ₹-0 cr | ₹-0 cr | +76.92% |
| Operating margin (%) | -67.63% | -274.07% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹-0 cr | ₹-0 cr | +35.71% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-0 cr | ₹-0 cr | +35.71% |
| EPS (₹) | ₹-0.18 | ₹-0.28 | +35.71% |
What to watch
- Whether operating margin moves above -67.63% in the next quarter.
- Whether revenue increases from its unchanged sequential level while expenses remain below the Q2FY27 base after falling -55.56% qoq.
- Whether the net loss narrows from 0.18 without relying on other income of 0.00 or a tax rate of 0.00%.