S&SPOWER posts Rs 0.26 cr loss despite positive pre-tax profit
A Rs 0.90 cr tax charge, equal to a 140.57% tax rate, turned Rs 0.64 cr of pre-tax profit into a net loss.
Filed 14 Aug 2026, 20:18 IST · after market close · S&SPOWER (S&SPOWER)
Key takeaways
- S&SPOWER reported a consolidated net loss of Rs 0.26 cr after a Rs 0.90 cr tax charge exceeded its Rs 0.64 cr pre-tax profit.
- Operating profit was only Rs 1.77 cr on revenue of Rs 71.21 cr, leaving the operating margin at 2.48%.
- Other income of Rs 0.44 cr formed part of the Rs 0.64 cr pre-tax profit, so earnings had a non-operating contribution.
Price around the results
Operating surplus remained thin
Consolidated revenue of Rs 71.21 cr produced operating profit of only Rs 1.77 cr, indicating limited room between operating income and expenses of Rs 69.45 cr. The resulting 2.48% operating margin leaves the quarter sensitive to financing, depreciation and tax charges.
Tax charge pushed the quarter into a loss
Interest of Rs 0.87 cr and depreciation of Rs 0.70 cr reduced the operating surplus to Rs 0.64 cr of pre-tax profit. The Rs 0.90 cr tax charge exceeded pre-tax profit, resulting in a Rs 0.26 cr net loss and a 140.57% tax rate. Other income of Rs 0.44 cr also supported pre-tax earnings, so the reported profit before tax was not entirely operating-led.
Filed after market close
The consolidated results were filed after market close on 14 August 2026. There is no quarter-on-quarter, year-on-year or post-results reaction history in this update, so the focus is on the low operating margin and the tax-led loss.
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 | ₹71 cr |
| Other income | ₹0 cr |
| Expenses | ₹69 cr |
| Operating profit | ₹2 cr |
| Operating margin (%) | 2.48% |
| Interest | ₹1 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹1 cr |
| Net profit | ₹-0 cr |
| EPS (₹) | ₹-0.21 |
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -8.57% | -8.25% |
| Next session | -14.71% | — |
| 5 sessions | +0.95% | +1.56% |
| 15 sessions | +2.58% | — |
Volume on the results session was 2.30× its 20-day average.
What to watch
- Whether operating margin moves above the reported 2.48% in the next quarter.
- Whether the tax rate falls from 140.57% and allows pre-tax profit to flow through to net profit.
- Whether other income remains a contributor alongside the Rs 0.64 cr pre-tax profit.