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Transoceanic Properties Q2 FY27 results: net loss narrows to ₹0.01 crore
Transoceanic Properties, now known as Megh Mayur Infra Limited, reported a standalone net loss of ₹0.01 crore for Q2 FY27. Revenue was ₹0 crore, while total expenses fell to ₹0.01 crore from ₹0.04 crore in both Q2 FY26 and Q1 FY27, narrowing the loss.
Key points
- Standalone revenue was ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27.
- The company reported a net loss of ₹0.01 crore in Q2 FY27, compared with a net loss of ₹0.04 crore in both comparison periods.
- Total expenses fell to ₹0.01 crore in Q2 FY27 from ₹0.04 crore in Q2 FY26, a decline of 75.0%.
- Basic EPS was ₹0.02 in Q2 FY27, compared with ₹0.06 in Q2 FY26 and ₹0.07 in Q1 FY27.
- The board approved the unaudited quarterly and half-year results on 4 November 2026.
How did Transoceanic Properties perform in Q2 FY27?
Transoceanic Properties reported standalone revenue of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. EBITDA was negative ₹0.01 crore, compared with negative ₹0.04 crore in both comparison periods. No EBITDA margin was reported.
The company reported a net loss of ₹0.01 crore for Q2 FY27, compared with a net loss of ₹0.04 crore in Q2 FY26 and Q1 FY27. Loss before tax was also ₹0.01 crore, while basic EPS was ₹0.02, against ₹0.06 in the year-ago quarter and ₹0.07 in the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.01 | 0.04 | 0.04 | −75.0% | −75.0% |
| EBITDA | −0.01 | −0.04 | −0.04 | ||
| Profit before tax | −0.01 | −0.04 | −0.04 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.01 | −0.04 | −0.04 | ||
| EPS (₹) | −0.02 | −0.07 | −0.06 |
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 Transoceanic Properties' costs and profit?
Total expenses declined by ₹0.03 crore to ₹0.01 crore in Q2 FY27 from ₹0.04 crore in Q2 FY26, a fall of 75.0%. Other expenses declined by ₹0.02 crore to ₹0.01 crore, down 66.7%, while employee costs remained ₹0.01 crore. There was no exceptional item.
Against Q1 FY27, total expenses fell by ₹0.03 crore to ₹0.01 crore, a decline of 75.0%, as other expenses declined by ₹0.03 crore to ₹0.01 crore. Employee costs were unchanged at ₹0.01 crore. Other income remained ₹0 crore, tax remained ₹0 crore, and there was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.01 | 0.01 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.01 | 0.03 | −0.02 | −66.7% |
| Total expenses | 0.01 | 0.04 | −0.03 | −75.0% |
| 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, unchanged from H1 FY26. Loss before tax and net loss were each ₹0.06 crore, compared with ₹0.09 crore in H1 FY26, an improvement of ₹0.03 crore. Basic EPS was ₹0.09.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.06 | −0.09 | |
| Net profit | −0.06 | −0.09 | |
| EPS (₹) | −0.09 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹7.68 crore, unchanged from 31 March 2026. Total equity was ₹5.87 crore, compared with ₹5.93 crore, while borrowings were ₹1.76 crore against ₹1.69 crore. Cash remained ₹0.01 crore, and the company reported no inventories, trade receivables or trade payables.
The available balance-sheet data does not include year-to-date cash flow figures, so the first-half cash flow cannot be compared with the year-earlier period from the supplied results.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 7.68 | 7.68 |
| Total equity | 5.87 | 5.93 |
| Borrowings | 1.76 | 1.69 |
| Cash and equivalents | 0.01 | 0.01 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
How has Transoceanic Properties done over the last 8 quarters?
Revenue remained ₹0 crore in each of the last eight quarters, and no quarterly EBITDA margin was reported. The available trend data therefore shows no change in revenue or a margin pattern across the period.
Net loss moved from ₹0.02 crore in Q3 FY25 to ₹0.06 crore in Q4 FY25, stayed at ₹0.06 crore in Q1 FY26, and then moved to ₹0.04 crore in Q2 FY26. It was ₹0.02 crore in Q3 FY26, ₹0.07 crore in Q4 FY26, ₹0.04 crore in Q1 FY27 and ₹0.01 crore in Q2 FY27. The latest quarter was the lowest net loss in the series.
How did other Diversified Commercial Services companies do?
Twenty-eight Diversified Commercial Services companies were compared for the quarter. Their median revenue growth was 18.1%, while 24 of the 38 companies whose profit was compared reported higher profit. The supplied peer data does not state how many peers grew revenue slower or faster than Transoceanic Properties.
| Transoceanic Properties revenue growth (YoY) | not comparable |
|---|---|
| Median of 28 other Diversified Commercial Services companies | +18.1% |
| Companies whose net profit rose | 24 of 38 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Transoceanic Properties' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Transoceanic Properties make a profit in Q2 FY27?
No. It reported a net loss of ₹0.01 crore, against a net loss of ₹0.04 crore in Q2 FY26.
What was Transoceanic Properties' EPS in Q2 FY27?
Basic loss per share was ₹0.02, against a loss of ₹0.06 in Q2 FY26.
When did Transoceanic Properties announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
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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