MBL Infrastructure posts operating loss despite Rs 33.67 cr other income
Revenue could not cover expenses, while a Rs 7.94 cr tax charge pushed the consolidated result to an Rs 8.07 cr net loss.
Filed 12 Nov 2026, 18:15 IST · after market close · MBL Infrastructure Ltd (MBLINFRA)
Key takeaways
- Revenue of Rs 13.45 cr was not enough to cover Rs 28.39 cr of expenses, producing a consolidated operating loss of Rs 14.94 cr.
- Other income of Rs 33.67 cr did not prevent a consolidated net loss of Rs 8.07 cr, highlighting weak earnings quality.
- A Rs 7.94 cr tax charge turned a near-breakeven pre-tax result of Rs -0.13 cr into a net loss, with the reported tax rate at -6107.69%.
Price around the results
Operating loss despite sizeable other income
MBL Infrastructure reported consolidated revenue of Rs 13.45 cr against expenses of Rs 28.39 cr, resulting in an operating loss of Rs 14.94 cr. Other income of Rs 33.67 cr was not enough to deliver a pre-tax profit, which stood at Rs -0.13 cr. The reported result was therefore driven mainly by non-operating income rather than operating earnings.
Tax charge deepened the reported loss
A Rs 7.94 cr tax charge widened the loss from the near-breakeven pre-tax level to a consolidated net loss of Rs 8.07 cr. The reported tax rate was -6107.69%, a distorted ratio because profit before tax was negative and close to zero. EPS was consequently Rs -0.51.
Lowest operating margin among 230 reported Industrials peers
The company's operating margin of -111.08% was 122.59 percentage points below the Industrials peer median of 11.51%. MBL Infrastructure ranked 1st from the bottom among the 230 peers that had reported the quarter. The results were filed after market close on 12 Nov 2026, so there is no market reaction to assess yet.
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 | ₹13 cr |
| Other income | ₹34 cr |
| Expenses | ₹28 cr |
| Operating profit | ₹-15 cr |
| Operating margin (%) | -111.08% |
| Interest | ₹6 cr |
| Depreciation | ₹13 cr |
| Profit before tax | ₹-0 cr |
| Tax | ₹8 cr |
| Net profit | ₹-8 cr |
| EPS (₹) | ₹-0.51 |
Operating margin of -111.08% compares with a Industrials sector median of 11.51% across 230 peers that have reported Q2FY27.
What to watch
- Whether revenue rises above the Rs 28.39 cr expense base.
- Whether operating margin moves up from -111.08%.
- Whether the tax charge remains material relative to the Rs -0.13 cr pre-tax result.