EMAMI Realty reports Rs 16.82 cr loss as interest costs overwhelm revenue
The consolidated operating loss was Rs 4.29 cr, while Rs 3.96 cr of other income could not offset Rs 21.69 cr of interest expense.
Filed 13 Aug 2026, 14:16 IST · EMAMIREAL (EMAMIREAL)
Key takeaways
- EMAMI Realty reported a consolidated net loss of Rs 16.82 cr in Q1FY27, with operating losses and interest costs driving the outcome.
- Interest expense of Rs 21.69 cr exceeded the Rs 5.67 cr revenue base, leaving operating profit at a loss of Rs 4.29 cr.
- Other income of Rs 3.96 cr and a reported tax benefit of Rs 5.68 cr did not offset the pre-tax loss of Rs 22.50 cr.
Operating loss despite a Rs 5.67 cr revenue base
EMAMI Realty’s consolidated revenue could not cover expenses, producing an operating loss of Rs 4.29 cr and an operating margin of -75.68%. The loss was compounded below the operating line by interest expense of Rs 21.69 cr, which was more than four times revenue. Depreciation was Rs 0.48 cr, so financing costs were the larger burden after operations.
Other income and tax benefit did not change the result
Other income of Rs 3.96 cr provided some support but was not enough to offset the operating loss and interest expense, leaving profit before tax at a loss of Rs 22.50 cr. The reported tax benefit of Rs 5.68 cr reduced the loss to Rs 16.82 cr, but did not reflect operating profitability. With no year-on-year or sequential comparison in the reported data, the quarter’s main signal is the mismatch between the revenue base and financing costs.
No post-results market reaction is available yet
The results are too fresh for a market reaction to be assessed. There is also no recent reaction history in the reported data against which to judge whether the stock’s response would be ordinary or unusual.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹6 cr |
| Other income | ₹4 cr |
| Expenses | ₹10 cr |
| Operating profit | ₹-4 cr |
| Operating margin (%) | -75.68% |
| Interest | ₹22 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-23 cr |
| Tax | ₹-6 cr |
| Net profit | ₹-17 cr |
| EPS (₹) | ₹-3.27 |
What to watch
- Whether revenue moves above the Rs 5.67 cr base.
- Whether operating margin improves from -75.68%.
- Whether interest expense falls from Rs 21.69 cr.