MVELECTRO reports Rs 6.89 cr standalone loss in Q1FY27
Expenses exceeded revenue, leaving the company with a -42.09% operating margin before interest and depreciation.
Filed 25 Aug 2026, 16:35 IST · after market close · MVELECTRO (MVELECTRO)
Key takeaways
- Standalone expenses of Rs 18.15 cr exceeded revenue of Rs 12.77 cr, resulting in an operating loss of Rs 5.38 cr and a -42.09% operating margin.
- A Rs 1.15 cr tax credit softened the loss after tax to Rs 6.89 cr, while other income of Rs 0.03 cr provided no meaningful support.
- Management reported executable orders for 564 propulsion units worth Rs 989.32 cr and said Unit 2 would add certified capacity of 171 systems per year.
Operating costs pushed the standalone quarter into loss
Revenue of Rs 12.77 cr did not cover expenses of Rs 18.15 cr, leaving a standalone operating loss of Rs 5.38 cr. Interest of Rs 1.18 cr and depreciation of Rs 1.51 cr widened the loss before tax to Rs 8.04 cr. The Rs 1.15 cr tax credit reduced the reported net loss to Rs 6.89 cr, while other income of Rs 0.03 cr was immaterial.
The -42.09% margin reflects an uncovered cost base
The negative operating margin shows that the quarter's revenue was insufficient to absorb the reported expense base. The pressure was operating in nature rather than driven by a shortfall in other income, with operating loss of Rs 5.38 cr against other income of only Rs 0.03 cr. The 14.33% tax rate reflects the tax credit despite the pre-tax loss.
Orders and capacity expansion are the main business markers
The company reported executable orders for 564 three-phase propulsion equipment units with a total value of Rs 989.32 cr, along with eight developmental orders worth Rs 94.72 cr. Management said it is targeting delivery of about 70 propulsion sets by Q3FY27, followed by a planned run-rate of about 40 sets per month and execution of the balance order book in FY28. The company also said an additional R&D facility is being renovated with new hiring planned, while Unit 2 is being set up with certified installed capacity of 171 systems per year.
Results were filed after market close
The standalone results were filed after market close on 25 Aug 2026.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹13 cr |
| Other income | ₹0 cr |
| Expenses | ₹18 cr |
| Operating profit | ₹-5 cr |
| Operating margin (%) | -42.09% |
| Interest | ₹1 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹-8 cr |
| Tax | ₹-1 cr |
| Net profit | ₹-7 cr |
| EPS (₹) | ₹-3.38 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company is targeting delivery of about 70 propulsion sets by Q3FY27, a run-rate of about 40 sets per month thereafter, and balance order-book execution in FY28.
Expansion
- The company has leased an additional R&D facility, with renovation and infrastructure development underway and new hiring planned.
- Unit 2 is an additional manufacturing facility currently being set up, adding certified installed propulsion capacity of 171 systems per year.
New orders
- The company reported executable orders for 564 three-phase propulsion equipment units with a total order value of Rs 989.32 crore.
- The company reported eight developmental orders with a total order value of Rs 94.72 crore.
What to watch
- Whether the operating loss narrows from Rs 5.38 cr and operating margin improves from -42.09%.
- Progress toward management's target of delivering about 70 propulsion sets by Q3FY27.
- Whether Unit 2 advances toward its stated certified capacity of 171 systems per year.