Smaart Tech Services Q2 FY27 Results (BSE: 523449)
Signal: Steady quarter
The read
The inflection is revenue restarting at 767.14 lakh from trading activity, but the trajectory remains financially fragile: finance costs of 1,085.63 lakh exceeded quarterly revenue, the company posted a 225.88 lakh loss, and negative net worth widened to 14,931.92 lakh.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹7.67 Cr | N/A | N/A |
| Net profit | ₹-2.26 Cr | N/A | |
| EPS | ₹-0.87 | N/A | |
| EBIT margin | N/A |
P&L walk
Revenue restarted at 767.14 lakh through trading activity, but the company still reported a 225.88 lakh quarterly loss as finance costs of 1,085.63 lakh overwhelmed operating activity; comparatives are not meaningful because prior periods were prepared on a non-going-concern basis.
Key positives
- Revenue restarted at 767.14 lakh through trading activities after the company had previously reported no production since FY2015-16.
- The company changed its accounting basis from non-going-concern to going-concern effective July 2, 2026 and states that it has commenced business activity.
Key concerns
- Finance costs of 1,085.63 lakh exceeded quarterly revenue of 767.14 lakh, leaving a quarterly loss of 225.88 lakh.
- Negative net worth reached 14,931.92 lakh as of September 30, 2026, while borrowings were 1,531.11 lakh and cash was only 8.15 lakh.
- The current period is not comparable with prior periods because earlier results were prepared on a non-going-concern basis.
Research and educational content only. Not investment advice.