Swan Corp slips to Rs 35.99 cr loss as costs overwhelm revenue
The consolidated operating margin fell to -0.38%, while a Rs 1.03 cr tax charge further widened the loss.
Filed 13 Aug 2026, 18:25 IST · after market close · Swan Corp Ltd (SWANCORP)
Key takeaways
- Swan Corp reported a consolidated net loss of Rs 35.99 cr in Q1FY27 as expenses exceeded revenue and produced an operating loss of Rs 3.81 cr.
- Interest of Rs 34.46 cr and depreciation of Rs 30.57 cr pulled profit before tax to a loss of Rs 34.96 cr despite Rs 33.88 cr of other income.
- The operating margin of -0.38% was 17.94 percentage points below the Commodities peer median, leaving Swan Corp ranked first from bottom among 79 reporters.
Price around the results
Costs pushed the quarter into an operating loss
Consolidated expenses of Rs 1017.56 cr exceeded revenue of Rs 1013.75 cr, resulting in an operating loss of Rs 3.81 cr. The loss widened below the operating line as interest reached Rs 34.46 cr and depreciation stood at Rs 30.57 cr. Other income of Rs 33.88 cr was not enough to prevent a pre-tax loss of Rs 34.96 cr.
Margin was far below the reported peer median
Swan Corp's operating margin of -0.38% was 17.94 percentage points below the 17.56% median for the 79 Commodities companies that had reported. It ranked first from bottom in that group. The Rs 1.03 cr tax charge came despite the pre-tax loss, taking net profit to a loss of Rs 35.99 cr and EPS to negative Rs 1.15.
Results were filed after market close
The consolidated results were filed at 18:25 IST on 13 August 2026, after the market closed. No post-results market reaction is covered here because the filing was too recent.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,014 cr |
| Other income | ₹34 cr |
| Expenses | ₹1,018 cr |
| Operating profit | ₹-4 cr |
| Operating margin (%) | -0.38% |
| Interest | ₹34 cr |
| Depreciation | ₹31 cr |
| Profit before tax | ₹-35 cr |
| Tax | ₹1 cr |
| Net profit | ₹-36 cr |
| EPS (₹) | ₹-1.15 |
Operating margin of -0.38% compares with a Commodities sector median of 17.56% across 79 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves back above -0.38%.
- Whether expenses fall below revenue of Rs 1013.75 cr.
- Whether interest remains near Rs 34.46 cr and depreciation near Rs 30.57 cr.