SECURCRED's loss widens as other income turns negative
Revenue fell 7.14% year on year, while lower expenses lifted operating margin by 0.93 percentage points in the standalone quarter.
Filed 12 Nov 2026, 18:39 IST · after market close · SECURCRED (SECURCRED)
Key takeaways
- Standalone net loss widened 262.26% year on year as other income moved from 0.0 to -1.3.
- Operating margin improved 0.93 percentage points because expenses fell 14.29% while revenue declined 7.14%.
- Operating profit stayed at 0.07, but depreciation of 0.58 and interest of 0.1 kept the company loss-making.
Negative other income drove the wider loss
SECURCRED's standalone revenue declined 7.14% year on year, but operating profit was unchanged at 0.07. The larger deterioration came below the operating line: other income moved from 0.0 to -1.3, while depreciation remained 0.58 and interest declined 9.09%. With a 0.0% tax rate, the pre-tax loss flowed through to net profit.
Expense control lifted operating margin
Expenses fell 14.29%, faster than the 7.14% decline in revenue, raising operating margin by 0.93 percentage points. This improvement did not offset the fixed depreciation charge and the negative other-income contribution. Other income represented 67.71% of pre-tax profit in the quarter, making reported earnings quality weak.
Margin recovered after the Q4FY26 dip
Operating margin rose from 49.83% in Q4FY26 to 51.25%, after standing at 50.32% in Q2FY26. The trend therefore shows a recovery rather than a continued decline, although the company remained loss-making because depreciation and interest exceeded operating profit. The results were filed after market close, so there is no market reaction to assess yet.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | YoY |
|---|---|---|
| Revenue | ₹0 cr | -7.14% |
| Other income | ₹-1 cr | — |
| Expenses | ₹0 cr | -14.29% |
| Operating profit | ₹0 cr | +0.00% |
| Operating margin (%) | 51.25% | — |
| Interest | ₹0 cr | -9.09% |
| Depreciation | ₹1 cr | +0.00% |
| Profit before tax | ₹-2 cr | -209.68% |
| Tax | ₹0 cr | — |
| Net profit | ₹-2 cr | -262.26% |
| EPS (₹) | ₹-0.47 | -213.33% |
What to watch
- Whether revenue recovers from 0.13 after its 7.14% year-on-year decline.
- Whether operating margin holds above 51.25% after the Q2FY27 improvement.
- Whether other income returns from -1.3 without a further increase in the net loss.