Team India Guaranty posts Rs 0.69 cr loss as expenses exceed revenue
Standalone operating margin was -40.79%, versus 58.21% in Q2FY26; the results were filed after market close.
Filed 21 Sep 2026, 17:26 IST · after market close · Team India Guaranty Ltd (TEAMGTY)
Key takeaways
- Standalone Q4FY26 ended with an operating loss of Rs 0.63 cr and a -40.79% operating margin.
- Expenses of Rs 2.19 cr exceeded revenue of Rs 1.56 cr, resulting in a net loss of Rs 0.69 cr.
- Team India Guaranty's operating margin was -40.79% in Q4FY26 versus 58.21% in Q2FY26, placing it second from bottom among 54 Financial Services peers.
Price around the results
Expenses pushed the standalone business into loss
Revenue was Rs 1.56 cr against expenses of Rs 2.19 cr, producing an operating loss of Rs 0.63 cr. Other income and interest were both Rs 0.0 cr, so there was no non-operating income or financing income to cushion the operating shortfall. A tax charge of Rs 0.05 cr widened the profit-before-tax loss of Rs 0.64 cr to a net loss of Rs 0.69 cr.
Operating margin reversed from Q2FY26
Operating margin was 58.21% in Q2FY26 and -40.79% in Q4FY26, indicating a sharp reversal in the available quarterly trend. The -7.85% tax rate reflects a tax charge despite the reported loss before tax, rather than a tax benefit supporting earnings.
Near the bottom of the Financial Services peer set
Among 54 Financial Services companies reporting the quarter, the median operating margin was 59.03%. Team India Guaranty's -40.79% margin was 99.82 percentage points below that median and ranked second from bottom.
Filed after the 21 September close
The standalone results were filed after market close on 21 Sep 2026 at 17:26 IST. The immediate stock response is therefore not covered in this note.
Q4FY26 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q4FY26 |
|---|---|
| Revenue | ₹2 cr |
| Other income | ₹0 cr |
| Expenses | ₹2 cr |
| Operating profit | ₹-1 cr |
| Operating margin (%) | -40.79% |
| Interest | ₹0 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹0 cr |
| Net profit | ₹-1 cr |
| EPS (₹) | ₹-0.71 |
Operating margin of -40.79% compares with a Financial Services sector median of 59.03% across 54 peers that have reported Q4FY26.
What to watch
- Whether revenue of Rs 1.56 cr moves above expenses of Rs 2.19 cr.
- Whether operating margin recovers from -40.79%.
- Whether the tax charge of Rs 0.05 cr persists alongside a profit-before-tax loss of Rs 0.64 cr.