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Microse India Q2 FY27 results: net loss narrows to ₹0.03 crore
Microse India Ltd reported standalone revenue of ₹0 crore and a net loss of ₹0.03 crore in Q2 FY27, compared with a net loss of ₹0.09 crore in Q2 FY26. The result included total expenses of ₹0.03 crore and basic EPS of -₹0.12, with no EBITDA or EBITDA margin reported.
Key points
- Standalone revenue was ₹0 crore in Q2 FY27, compared with ₹0.02 crore in Q2 FY26 and ₹0 crore in Q1 FY27.
- Microse India reported a net loss of ₹0.03 crore in Q2 FY27, against a net loss of ₹0.09 crore in Q2 FY26.
- Total expenses were ₹0.03 crore in Q2 FY27, down from ₹0.07 crore in Q2 FY26 and higher than ₹0 crore in Q1 FY27.
- Basic EPS was -₹0.12 in Q2 FY27, compared with ₹0.00 in Q2 FY26 and Q1 FY27.
- The company had total assets of ₹1.63 crore, total equity of ₹0.46 crore, borrowings of ₹1.15 crore and cash of ₹0.01 crore as of 30 September 2026.
How did Microse India perform in Q2 FY27?
Microse India reported standalone revenue of ₹0 crore for Q2 FY27, unchanged from Q1 FY27 and higher than ₹0.02 crore in Q2 FY26. The company reported a net loss of ₹0.03 crore in Q2 FY27, compared with a net loss of ₹0.09 crore in Q2 FY26 and ₹0 crore in Q1 FY27. Basic EPS was -₹0.12 for the quarter, against ₹0.00 in both comparison quarters.
Total expenses were ₹0.03 crore in Q2 FY27, against ₹0.07 crore in Q2 FY26 and ₹0 crore in Q1 FY27. The filing does not provide EBITDA or EBITDA margin for the quarter, so no comparable operating margin can be stated. The results are presented on a standalone basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | −0.02 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.03 | 0 | 0.07 | −57.1% | |
| Profit before tax | −0.03 | 0 | −0.09 | turned to loss | |
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.03 | 0 | −0.09 | turned to loss | |
| EPS (₹) | −0.12 | 0.00 | 0.00 | turned to loss | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Microse India's costs and profit?
Total expenses fell by ₹0.04 crore from Q2 FY26, with the filing showing a 57.1% reduction, while employee benefit expenses fell by ₹0.01 crore, or 33.3%. Other expenses declined by ₹0.04 crore, or 80.0%, to ₹0.01 crore from ₹0.05 crore in the year-ago quarter. Finance costs and depreciation were unchanged at ₹0 crore each.
Other income and tax were unchanged at ₹0 crore each from Q2 FY26. No exceptional item was reported. In comparison with Q1 FY27, other expenses fell by ₹0.03 crore, or 75.0%, while total expenses rose by ₹0.03 crore because the quarter carried expenses that were not present in the preceding quarter. The filing does not state reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.02 | 0.03 | −0.01 | −33.3% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.01 | 0.05 | −0.04 | −80.0% |
| Total expenses | 0.03 | 0.07 | −0.04 | −57.1% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, revenue and total income were ₹0 crore, compared with negative ₹1.03 crore in H1 FY26, an improvement of ₹1.03 crore in each measure. Profit before tax and profit after tax were both a loss of ₹0.03 crore in H1 FY27, compared with a loss of ₹1.57 crore in H1 FY26, an improvement of ₹1.54 crore in each measure. EPS was ₹0.00 in both periods.
The filing reports the half-year figures for the period ended 30 September 2026 on a standalone basis. The company’s board approved the unaudited results on 4 November 2026 after review by the audit committee.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | −1.03 | |
| Profit before tax | −0.03 | −1.57 | |
| Net profit | −0.03 | −1.57 | |
| EPS (₹) | 0.00 | 0.00 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹1.63 crore, compared with ₹1.53 crore as of 31 March 2026. Total equity was ₹0.46 crore, compared with ₹0.45 crore, while borrowings increased to ₹1.15 crore from ₹1.03 crore. Cash was ₹0.01 crore at both dates. Inventories were ₹0.39 crore, compared with ₹0.33 crore, and trade receivables were ₹0.66 crore at both dates.
For H1 FY27, operating cash flow was negative ₹0.12 crore, compared with ₹2.07 crore in H1 FY26. Investing cash flow was ₹0 crore in both periods, while financing cash flow was ₹0.12 crore in H1 FY27, compared with negative ₹2.07 crore in H1 FY26. Capital expenditure was ₹0 crore in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1.63 | 1.53 |
| Total equity | 0.46 | 0.45 |
| Borrowings | 1.15 | 1.03 |
| Cash and equivalents | 0.01 | 0.01 |
| Inventories | 0.39 | 0.33 |
| Trade receivables | 0.66 | 0.66 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.12 | 2.07 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0.12 | −2.07 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Microse India done over the last 8 quarters?
Revenue reached ₹1.36 crore in Q4 FY25, the highest point in the reported period, while profit was ₹1.1 crore in that quarter, also the highest. The low point for revenue was negative ₹1.02 crore in Q1 FY26, and the lowest quarterly profit was a loss of ₹1.48 crore in that quarter. EBITDA margin was not reported in the trend data, so no peak or trough can be identified for margin.
In the latest quarters, revenue was ₹0.03 crore in Q3 FY26 and ₹0 crore in Q4 FY26, Q1 FY27 and Q2 FY27. Profit was a loss of ₹0.02 crore in Q3 FY26, ₹0.21 crore in Q4 FY26 and ₹0.03 crore in Q2 FY27; Q1 FY27 was reported at negative ₹0.00 crore. The trend therefore shows revenue at ₹0 crore in the latest quarter and profit moving from ₹0.00 in Q1 FY27 to a loss of ₹0.03 crore in Q2 FY27.
How did other Non Banking Financial Company (NBFC) companies do?
Among 89 other Non Banking Financial Company companies compared for this quarter, the median revenue growth was 22.7%. The available peer data does not provide counts for how many peers grew slower than Microse India or grew faster than Microse India, so those figures cannot be stated. Of 101 peers for which profit was compared, 66 reported higher profit.
| Microse India revenue growth (YoY) | not comparable |
|---|---|
| Median of 89 other Non Banking Financial Company (NBFC) companies | +22.7% |
| Companies whose net profit rose | 66 of 101 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Microse India's revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0.02 crore in Q2 FY26 (standalone).
Did Microse India make a profit in Q2 FY27?
No. It reported a net loss of ₹0.03 crore, against a net loss of ₹0.09 crore in Q2 FY26.
What was Microse India's EPS in Q2 FY27?
Basic loss per share was ₹0.12, against ₹0.00 in Q2 FY26.
When did Microse India announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Wednesday, November 04, 2026 To Consider The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 29 October 2026) · PDF
- Unaudited Financial Results For The Quarter Ended 30Th September, 2026 (BSE, 4 November 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 4 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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