Revenue rose, but faster expense growth deepened the operating loss
Other income did not offset the operating loss, while a tax expense widened the standalone net loss to Rs 0.81 cr.
Filed 06 Aug 2026, 14:44 IST · SHYAMCENT (SHYAMCENT)
Key takeaways
- Standalone Q1FY27 revenue rose 135.71% QoQ, but faster expense growth pushed operating margin down 56.85 percentage points.
- Other income of Rs 2.47 cr could not offset the Rs 2.42 cr operating loss, leaving a net loss of Rs 0.81 cr.
- A Rs 0.46 cr tax expense was reported despite a pre-tax loss of Rs 0.35 cr, worsening the quarter's earnings quality.
Q1 growth did not translate into operating improvement
Standalone revenue rose 135.71% QoQ to Rs 0.33 cr, but expenses grew faster at 145.54%. That mismatch widened the operating loss to Rs 2.42 cr and pulled operating margin down 56.85 percentage points to -735.64%.
Other income and tax distorted the loss profile
Other income increased 52.47% QoQ to Rs 2.47 cr, but it was not enough to absorb the operating loss and depreciation of Rs 0.37 cr. The company reported a pre-tax loss of Rs 0.35 cr, yet recorded tax of Rs 0.46 cr; the tax rate fell 1,663.05 percentage points from the previous quarter.
Sequential deterioration followed a profitable Q4FY26
The quarter reversed Q4FY26's Rs 0.20 cr net profit, with EPS moving from Rs 0.01 to Rs -0.04. Operating loss also deepened from Rs 0.98 cr to Rs 2.42 cr, marking a sharp sequential deterioration rather than an improvement in the latest reported quarter.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 | Q4FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0 cr | ₹0 cr | +135.71% |
| Other income | ₹2 cr | ₹2 cr | +52.47% |
| Expenses | ₹3 cr | ₹1 cr | +145.54% |
| Operating profit | ₹-2 cr | ₹-1 cr | -146.94% |
| Operating margin (%) | -735.64% | -678.79% | — |
| Interest | ₹0 cr | ₹0 cr | +0.00% |
| Depreciation | ₹0 cr | ₹1 cr | -42.19% |
| Profit before tax | ₹-0 cr | ₹-0 cr | -3400.00% |
| Tax | ₹0 cr | ₹-0 cr | — |
| Net profit | ₹-1 cr | ₹0 cr | — |
| EPS (₹) | ₹-0.04 | ₹0.01 | — |
What to watch
- Whether revenue sustains above Rs 0.33 cr next quarter.
- Whether the operating loss narrows from Rs 2.42 cr.
- Whether tax expense reverses from Rs 0.46 cr despite a pre-tax loss.