NIBE reports Rs 12 cr consolidated loss as operating margin turns negative
Expenses exceeded revenue by Rs 9.53 cr, while a Rs 3.23 cr tax credit partly reduced the reported loss.
Filed 14 Aug 2026, 19:42 IST · after market close · NIBE (NIBE)
Key takeaways
- NIBE reported a consolidated net loss of Rs 12.00 cr in Q1FY27 as expenses of Rs 72.54 cr exceeded revenue of Rs 63.01 cr.
- The operating margin was -15.12%, with the operating loss reaching Rs 9.53 cr before interest and depreciation.
- A negative tax charge of Rs 3.23 cr reduced the pre-tax loss of Rs 15.23 cr to a net loss of Rs 12.00 cr.
Price around the results
Costs pushed NIBE into an operating loss
NIBE's consolidated revenue did not cover expenses in Q1FY27, resulting in an operating loss of Rs 9.53 cr. The operating margin was -15.12%, showing that the shortfall occurred before interest and depreciation. Interest of Rs 3.44 cr and depreciation of Rs 4.31 cr widened the pre-tax loss to Rs 15.23 cr.
Tax benefit softened the reported loss
The tax line was negative at Rs 3.23 cr, reducing the pre-tax loss of Rs 15.23 cr to a net loss of Rs 12.00 cr. This means the reported net loss was partly supported by the tax benefit rather than by operating performance. Other income of Rs 2.05 cr was not enough to offset the operating loss, interest and depreciation.
Results were filed after market close
The results were filed after market close on 14 August 2026, so there is no market reaction to assess yet. With no sequential, year-on-year or multi-quarter comparison in this release, the next report will show whether the operating margin improves from -15.12% and whether expenses fall below revenue of Rs 63.01 cr.
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 | ₹63 cr |
| Other income | ₹2 cr |
| Expenses | ₹73 cr |
| Operating profit | ₹-10 cr |
| Operating margin (%) | -15.12% |
| Interest | ₹3 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹-15 cr |
| Tax | ₹-3 cr |
| Net profit | ₹-12 cr |
| EPS (₹) | ₹-7.34 |
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.43% | -3.11% |
| Next session | -3.07% | — |
| 5 sessions | -3.50% | -2.89% |
| 15 sessions | -11.55% | — |
Volume on the results session was 3.17× its 20-day average.
What to watch
- Whether operating margin improves from -15.12%.
- Whether expenses move below Rs 72.54 cr and revenue of Rs 63.01 cr covers the cost base.
- Whether the tax benefit of Rs 3.23 cr recurs in the next reported quarter.