Zero revenue, but standalone net loss narrowed 10.63% QoQ
Lower expenses drove the improvement, while the tax line also provided a benefit; interest and depreciation were unchanged.
Filed 30 Oct 2026, 15:41 IST · after market close · SHAHALLOYS (SHAHALLOYS)
Key takeaways
- Standalone net loss narrowed 10.63% QoQ to Rs 1.85 cr, despite revenue remaining at Rs 0.00 cr.
- Expenses fell 14.04% QoQ, narrowing the operating loss by 14.04% to Rs 0.98 cr.
- The tax rate rose 3.85 percentage points to 29.66%, while interest and depreciation were unchanged QoQ.
Q2FY27 still had no reported revenue
Standalone revenue was Rs 0.00 cr, unchanged from Q1FY27, while the operating loss was Rs 0.98 cr. The quarter's improvement therefore came from lower costs rather than sales growth.
Lower expenses narrowed the operating loss
Expenses fell 14.04% QoQ, which reduced the operating loss by 14.04%. Interest at Rs 0.89 cr and depreciation at Rs 1.00 cr were unchanged, limiting the improvement below the operating line. Other income of Rs 0.24 cr represented -9.13% of pre-tax profit and did not alter the loss-making position.
Net loss improved, but tax accounting also helped
The pre-tax loss narrowed 5.73% QoQ to Rs 2.63 cr, while the net loss narrowed 10.63% to Rs 1.85 cr. The tax rate increased 3.85 percentage points to 29.66%, and the negative tax line indicates a tax benefit alongside the operating improvement.
Results were filed after market close
The standalone results were filed after market close on 30 Oct 2026. No market reaction is covered because the results were too fresh at the time of publication.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹0 cr | ₹0 cr | — |
| Other income | ₹0 cr | ₹0 cr | +0.00% |
| Expenses | ₹1 cr | ₹1 cr | -14.04% |
| Operating profit | ₹-1 cr | ₹-1 cr | +14.04% |
| Interest | ₹1 cr | ₹1 cr | +0.00% |
| Depreciation | ₹1 cr | ₹1 cr | +0.00% |
| Profit before tax | ₹-3 cr | ₹-3 cr | +5.73% |
| Tax | ₹-1 cr | ₹-1 cr | -8.33% |
| Net profit | ₹-2 cr | ₹-2 cr | +10.63% |
| EPS (₹) | ₹-0.93 | ₹-1.05 | +11.43% |
What to watch
- Whether revenue moves above Rs 0.00 cr in the next quarter.
- Whether expenses remain below Rs 0.98 cr.
- Whether the tax rate stays near 29.66%.