SPARC Q1 FY27 Results (NSE: SPARC)

· Analysis by Alpha Inflection

Signal: Loss narrowed

SPARC Q1 FY27 key financials
MetricValueYoYQoQ
Revenue₹39.92 Cr+314.1%-97.8%
Net profit₹-20.78 CrLoss narrowed 59.9%
EPS₹-0.64Loss per share narrowed 60.0%
EBIT margin-25.9%

P&L walk

Consolidated revenue rose to ₹3,992 lakh, up 314.1% YoY but down 97.8% QoQ, helped by ₹2,921 lakh of non-refundable licensing consideration; gross margin expanded 3400bps YoY, yet the group still reported a ₹2,078 lakh loss as employee, development and professional costs remained high.

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