Q1 FY27 results: revenue up sharply YoY but loss widens
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Board approved Q1 FY27 (ended June 30, 2026) unaudited results. Standalone revenue rose to Rs 1,178.50 lakhs from Rs 425.38 lakhs YoY, up 177 percent. Despite higher revenue, consolidated net loss widened to Rs 286.80 lakhs from Rs 189.64 lakhs YoY. One vessel finished its Vedanta contract; another began a short-term charter with Afcons Infrastructure and received a 4 plus 1 year Letter of Award. 48th AGM set for September 24, 2026.
Sharp revenue growth but losses persist. New 4 plus 1 year charter award offers future revenue visibility. Watch for path to profitability.