TIJARIA's loss narrows as expenses fall, but revenue remains nil
The standalone operating loss improved sequentially as expenses dropped, though interest rose and the company continued to report no revenue.
Filed 04 Nov 2026, 16:10 IST · after market close · TIJARIA (TIJARIA)
Key takeaways
- TIJARIA's standalone net loss narrowed to Rs 0.31 cr from Rs 0.36 cr sequentially, but revenue remained at Rs 0 cr.
- Expenses fell 80.00% QoQ, helping reduce the operating loss to Rs 0.02 cr despite interest costs rising 7.14%.
- Other income fell 40.00% QoQ and contributed only Rs 0.03 cr, while the tax rate remained at 0.00%.
No revenue, but the operating loss narrows
TIJARIA reported no standalone revenue in Q2FY27, the same as in Q1FY27. The operating loss narrowed to Rs 0.02 cr from Rs 0.10 cr as expenses fell 80.00% QoQ. This reduced the net loss to Rs 0.31 cr from Rs 0.36 cr.
Lower costs offset higher interest
The improvement came from the 80.00% decline in expenses, while interest costs increased 7.14% to Rs 0.15 cr and depreciation was unchanged at Rs 0.17 cr. Other income also fell 40.00% to Rs 0.03 cr and did not offset the loss; its share of pre-tax profit was negative 9.68% because pre-tax profit remained negative. The 0.00% tax rate did not flatter the quarter's net profit, as the company reported a pre-tax loss.
Sequential improvement, but no established earnings trend
On a sequential basis, operating profit improved 80.00% and the pre-tax loss narrowed 13.89%, but revenue stayed at zero. The available trend shows only the preceding quarter, so it supports a quarter-on-quarter improvement rather than a multi-quarter direction. The results were filed after market close, and no immediate stock reaction is covered here.
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 | -40.00% |
| Expenses | ₹0 cr | ₹0 cr | -80.00% |
| Operating profit | ₹-0 cr | ₹-0 cr | +80.00% |
| Interest | ₹0 cr | ₹0 cr | +7.14% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹-0 cr | ₹-0 cr | +13.89% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-0 cr | ₹-0 cr | +13.89% |
| EPS (₹) | ₹-0.11 | ₹-0.13 | +15.38% |
What to watch
- Whether standalone revenue moves above Rs 0 cr.
- Whether the operating loss narrows further from Rs 0.02 cr.
- Whether interest costs remain below Rs 0.15 cr while expenses stay below Rs 0.02 cr.