SGL posts Rs 0.94 cr operating loss as expenses exceed revenue
Standalone expenses of Rs 21.25 cr exceeded revenue of Rs 20.31 cr, leaving a Rs 1.25 cr net loss despite Rs 0.04 cr of other income.
Filed 13 Aug 2026, 14:06 IST · SGL (SGL)
Key takeaways
- SGL reported a standalone operating loss of Rs 0.94 cr in Q1FY27, with operating margin at -4.63%.
- Expenses of Rs 21.25 cr exceeded revenue of Rs 20.31 cr, directly driving the operating loss.
- Net loss was Rs 1.25 cr and EPS was -Rs 0.46, while other income of Rs 0.04 cr provided no material offset.
Operating costs pushed SGL into a Q1 loss
SGL's standalone revenue did not cover expenses in Q1FY27: Rs 20.31 cr versus Rs 21.25 cr. The shortfall produced an operating loss of Rs 0.94 cr and an operating margin of -4.63%, showing that the loss was generated in operations.
Below-operating charges widened the loss
Interest of Rs 0.15 cr and depreciation of Rs 0.20 cr took the operating loss to a profit-before-tax loss of Rs 1.25 cr. Other income was only Rs 0.04 cr, so it did not materially alter the earnings picture. With tax at Rs 0.00 cr, net loss matched the pre-tax loss.
The next test is a return to operating break-even
The next reported quarter will show whether revenue can exceed the current Rs 21.25 cr expense level and whether operating margin improves from -4.63%. Interest of Rs 0.15 cr and depreciation of Rs 0.20 cr remain the key charges below operating profit to track.
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 | ₹20 cr |
| Other income | ₹0 cr |
| Expenses | ₹21 cr |
| Operating profit | ₹-1 cr |
| Operating margin (%) | -4.63% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹0 cr |
| Net profit | ₹-1 cr |
| EPS (₹) | ₹-0.46 |
What to watch
- Whether revenue exceeds the Rs 21.25 cr expense base.
- Whether operating margin improves from -4.63%.
- Whether net loss narrows from Rs 1.25 cr without a larger contribution from other income than Rs 0.04 cr.