Q1 FY27 results approved: loss of Rs 2,301.57 lakhs; new CFO appointed
Board approved unaudited results for the quarter ended 30th June, 2026.
- Revenue from operations (Q1 FY27)
- Rs 3,534.42 lakhs
- Total revenue (Q1 FY27)
- Rs 3,869.08 lakhs
- Loss for the period (Q1 FY27)
- Rs 2,301.57 lakhs
- Basic EPS (Q1 FY27)
- Rs (28.69)
- Other Equity (negative)
- Rs (27,048.78) lakhs
What the board did
The Board met on 29th September, 2026 and approved the un-audited financial results for the quarter ended 30th June, 2026, took note of the limited review report, and appointed a Chief Financial Officer.
Quarter numbers (Rs in lakhs)
- Revenue from operations: Rs 3,534.42 lakhs, against Rs 2,077.23 lakhs in the March 2026 quarter and Rs 30.39 lakhs in the June 2025 quarter.
- Other income: Rs 334.65 lakhs; total revenue Rs 3,869.08 lakhs.
- Total expenses: Rs 6,170.61 lakhs.
- Loss before and after tax: Rs 2,301.57 lakhs, versus a loss of Rs 3,321.35 lakhs in the preceding quarter and Rs 1,888.89 lakhs in the year-ago quarter.
- Total comprehensive loss: Rs 2,300.03 lakhs.
- Basic and diluted EPS: Rs (28.69) per share of Rs 10 face value.
Cost drivers
- Power and fuel: Rs 2,396.71 lakhs, the largest single expense line.
- Finance cost: Rs 1,163.34 lakhs.
- Depreciation/amortisation: Rs 425.58 lakhs.
- Cost of materials consumed: Rs 574.93 lakhs; employee benefit expense: Rs 268.09 lakhs; freight and forwarding: Rs 448.12 lakhs; other expenses: Rs 692.68 lakhs.
Balance sheet context
Equity share capital stands at Rs 802.14 lakhs while other equity is negative at Rs (27,048.78) lakhs, compared with Rs (24,748.75) lakhs earlier, reflecting accumulated losses. Deferred tax asset has not been recognised because of uncertainty over earning taxable profits in the near future.
Notes in the results
For the quarter, the company provided interest of Rs 699.70 lakhs and considered deferred income of Rs 301.05 lakhs as per Ind AS 109. Gratuity provision is based on the actuarial valuation certificate obtained at the end of the previous financial year.
Auditor's review
K S Rao & Co conducted a limited review and reported that nothing came to their attention causing them to believe the statement contains any material misstatement.
CFO appointment
Mr. Sunki Reddy Pitchi Reddy has been appointed Chief Financial Officer and KMP with effect from 29th September, 2026, on full time employment. He is a member of ICWAI and an MBA (Finance) with more than 30 years of experience in business review, finalisation of accounts, corporate compliance and income tax matters.
How to read this
Revenue rose sharply over both comparison quarters, while the company remained loss-making, with high power, fuel and finance costs. Negative other equity indicates the accumulated losses position.
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More numbers
- Revenue from operations Q13,534.42
- Revenue from operations, prior quarter2,077.23
- Total revenue Q13,869.08
- Other income334.65
- Total expenses6,170.61
- Loss for the period(2,301.57)
- Loss, preceding quarter(3,321.35)
- Loss, year-ago quarter(1,888.89)
- Finance cost1,163.34
- Power and fuel2,396.71
- Basic EPS(28.69)
- Other Equity(27,048.78)
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