Talwalkars reports another standalone loss with no revenue in Q2FY27
Expenses rose 26.92% QoQ while depreciation stayed at Rs 2.70 cr, taking the net loss to Rs 3.03 cr.
Filed 13 Oct 2026, 18:43 IST · after market close · TALWALKARS (TALWALKARS)
Key takeaways
- Standalone revenue remained at Rs 0.00 cr in Q2FY27, while expenses rose 26.92% quarter on quarter to Rs 0.33 cr.
- The operating loss widened 26.92% QoQ to Rs 0.33 cr, with depreciation unchanged at Rs 2.70 cr.
- The net loss widened 2.36% QoQ to Rs 3.03 cr, resulting in EPS of negative Rs 0.98.
No revenue, while standalone costs increased
Talwalkars reported zero standalone revenue for the second quarter in a row. Expenses rose 26.92% QoQ to Rs 0.33 cr, resulting in an operating loss of Rs 0.33 cr. The company filed the results after market close on 13 October 2026, so there is no market reaction to assess yet.
Depreciation remained the main loss burden
Depreciation was unchanged at Rs 2.70 cr, while the operating loss widened 26.92% QoQ as expenses increased against zero revenue. With no interest or other income reported, the pre-tax loss widened 2.36% to Rs 3.03 cr. The nil tax rate did not flatter profit because the company remained loss-making.
Losses continued from the previous quarter
The sequential direction remained negative: the operating loss expanded from Rs 0.26 cr in Q1FY27 to Rs 0.33 cr in Q2FY27, while the net loss widened from Rs 2.96 cr to Rs 3.03 cr. With only the preceding quarter available in the trend, the results show a second consecutive quarter without reported revenue.
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 | — |
| Expenses | ₹0 cr | ₹0 cr | +26.92% |
| Operating profit | ₹-0 cr | ₹-0 cr | -26.92% |
| Interest | ₹0 cr | ₹0 cr | — |
| Depreciation | ₹3 cr | ₹3 cr | +0.00% |
| Profit before tax | ₹-3 cr | ₹-3 cr | -2.36% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-3 cr | ₹-3 cr | -2.36% |
| EPS (₹) | ₹-0.98 | ₹-0.95 | -3.16% |
What to watch
- Whether reported revenue moves above Rs 0.00 cr next quarter.
- Whether expenses remain at or below Rs 0.33 cr.
- Whether depreciation declines from Rs 2.70 cr and reduces the Rs 3.03 cr pre-tax loss.