Advance Metering Technology Q2 FY27 results: net loss narrows to ₹1.61 crore, revenue up 22.9%

How did Advance Metering Technology perform in Q2 FY27?

Advance Metering Technology reported consolidated revenue of ₹4.99 crore for Q2 FY27, up 22.9% from ₹4.06 crore in Q2 FY26 and 18.5% from ₹4.21 crore in Q1 FY27. EBITDA was negative ₹0.65 crore, compared with negative ₹2.43 crore in Q2 FY26 and negative ₹0.40 crore in Q1 FY27. The EBITDA margin was negative 13.0%, improving from negative 59.9% year ago but lower than negative 9.5% in the previous quarter. The company reported a net loss of ₹1.61 crore in Q2 FY27, against a net loss of ₹3.08 crore in Q2 FY26 and a profit of ₹2.36 crore in Q1 FY27. Basic EPS was negative ₹1.00, compared with negative ₹1.92 in the year-ago quarter and positive ₹1.47 in the previous quarter. Total income was ₹5.57 crore, up 9.2% from ₹5.10 crore year ago and down 34.5% from ₹8.51 crore in Q1 FY27. The results also provide standalone figures, including revenue of ₹4.99 crore and a net loss of ₹1.61 crore.

What changed in Advance Metering Technology's costs and profit?

Consolidated total expenses fell to ₹7.18 crore in Q2 FY27 from ₹8.18 crore in Q2 FY26, with the decline mainly reflected in other expenses, which fell ₹1.27 crore to ₹2.99 crore. Finance costs fell ₹0.09 crore to ₹0.35 crore and depreciation fell ₹0.06 crore to ₹1.20 crore. Cost of materials rose ₹0.38 crore to ₹1.28 crore, while employee cost rose ₹0.10 crore to ₹1.39 crore. There was no exceptional item in either quarter. Other income fell ₹0.46 crore to ₹0.59 crore from ₹1.05 crore in Q2 FY26. Tax was unchanged at no exceptional item in the supplied comparison, while the consolidated net loss narrowed to ₹1.61 crore from ₹3.08 crore. The filing excerpts state that the company disposed of its entire equity interest in PKR Technology Canada Limited to a third party; control ceased from 19 June 2026, and the subsidiary was deconsolidated from that date. The filing does not state a reason for the quarter’s cost-line movements.

How did the first half of FY27 go?

For the first half of FY27, consolidated revenue was ₹9.19 crore, up 3.8% from ₹8.85 crore in H1 FY26. Total income was ₹14.08 crore, down 2.2% from ₹14.39 crore. Profit before tax and profit after tax were each ₹0.75 crore, compared with losses of ₹0.67 crore in H1 FY26. Basic EPS was ₹0.47, compared with negative ₹0.42 in the year-ago half. The H1 FY27 result therefore included a return to profit from the H1 FY26 loss. Revenue growth was accompanied by lower total income, while the movement in profit after tax was ₹1.42 crore. The supplied data do not provide a separate year-on-year breakdown of the first-half cost lines or other income.

What do the balance sheet and cash flow show?

At 30 September 2026, consolidated total assets were ₹101.93 crore, compared with ₹101.67 crore at 31 March 2026. Total equity was ₹81.48 crore against ₹79.67 crore, while borrowings fell to ₹13.71 crore from ₹15.32 crore. Cash declined to ₹0.07 crore from ₹2.47 crore. Inventories were ₹4.18 crore against ₹4.63 crore, trade receivables ₹7.17 crore against ₹4.67 crore, and trade payables ₹2.62 crore against ₹2.32 crore. For H1 FY27, operating cash flow was negative ₹2.10 crore, compared with negative ₹2.36 crore in H1 FY26. Investing cash flow was positive ₹2.02 crore against negative ₹0.26 crore, while financing cash flow was negative ₹2.32 crore against positive ₹2.65 crore. Capital expenditure was ₹0.76 crore in H1 FY27 and ₹0.04 crore in H1 FY26. Closing cash for the year-to-date period was not provided.

How has Advance Metering Technology done over the last 8 quarters?

Which businesses drove the quarter?

The reported consolidated segments for Q2 FY27 were Power & Generation, Meters & Others, and Investments. Power & Generation recorded revenue of ₹2.84 crore and EBIT of ₹1.78 crore, with an EBIT margin of 62.6%. Meters & Others recorded revenue of ₹2.36 crore and EBIT of negative ₹0.86 crore, with an EBIT margin of negative 36.6%. Investments recorded revenue of ₹0.38 crore and EBIT of negative ₹0.25 crore, with an EBIT margin of negative 65.5%. The supplied segment data do not include year-ago revenue, EBIT or growth figures for these segments, so a segment-by-segment comparison with Q2 FY26 cannot be stated from the available filing information.

What did the auditors point out?

The auditors’ report includes an emphasis of matter relating to the disposal of the company’s entire equity interest in its subsidiary, PKR Technology Canada Limited. The excerpt states that control ceased from 19 June 2026 and that the subsidiary was deconsolidated from the consolidated financial statements in accordance with applicable accounting standards. It also states that the subsidiary’s financial results were consolidated only up to 19 June 2026 and that any resulting gain or loss on disposal was recognised in the statement of profit and loss, as applicable. The excerpt also notes that the auditors’ opinion on the consolidated results, insofar as it relates to subsidiaries, was based solely on the unaudited financial results furnished by the Board of Directors. The supplied auditor information identifies an emphasis of matter and does not provide a qualified-opinion or going-concern conclusion in the excerpts.

How did Advance Metering Technology shares react?

The filing appeared after market hours. The stock was down 2.1% after 5 minutes, 15 minutes and 30 minutes from the price when the filing appeared. On the reaction day, it rose 5.3% from the previous close of ₹14.60, while the Power Generation industry median moved down 1.0%. By the next day’s close, the stock was up 12.6% from its pre-results close, compared with a 0.7% industry median move. The stock’s reaction-day move was 6.4 percentage points above the industry median, and its next-day excess move was 11.9 percentage points. Earlier reaction-day moves included 2.9% on 10 August 2026, negative 4.5% on 29 May 2026, 0.7% on 12 February 2026 and negative 5.4% on 14 November 2025. Five-day and one-month moves were not provided.

How did other Power Generation companies do?

Among the 13 other Power Generation companies compared for this quarter, the median revenue growth was 13.3%. Eight peers grew revenue more slowly than Advance Metering Technology, while five grew faster. Of the 14 peers used for the profit comparison, 10 reported higher profit. The peer data were as of 4 November 2026.