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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Electrotherm (India) Ltd

Electrotherm (India) Q2 FY27 Standalone Net Loss Rs. (20.06) Crore

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 04 Nov 2026, 06:21 PM IST  ·  BSE ID: 54e7ed03-7b1c-43df-819a-ce895904bed8
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a standalone net loss this quarter, while also announcing management changes and significant loan defaults.
🤖 AI Summary
  • Electrotherm (India) reported standalone net loss of Rs. (20.06) Crore for the quarter ended 30th September, 2026 (Q2 FY27).
  • Standalone revenue from operations was Rs. 912.43 Crore for Q2 FY27.
  • The Board approved the unaudited standalone and consolidated financial results for Q2 FY27 and H1 FY27.
  • Variation of powers for Mr. Shailesh Bhandari, Managing Director, re-designated as Executive Vice Chairman, is subject to shareholder approval.
  • The company defaulted on Rs. 56.00 crore loan installments and did not provide for Rs. 41.70 crore interest on a Rare ARC loan.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Standalone Revenue from Operations (Q2 FY27)
912.43 Rs. In Crores
12.06%
Standalone Net Profit / (Loss) after Tax (Q2 FY27)
(20.06) Rs. In Crores
Not comparable — limited prior period data.
Standalone Basic & Diluted EPS (after exceptional item) (Q2 FY27)
(15.74) Rs
Not comparable — limited prior period data.
Defaulted Loan Installments (Invent ARC)
56.00 crore Rs. In Crores
Unprovided Interest Expense (Rare ARC) for Q2 FY27
41.70 crore Rs. In Crores
🏢 How This Affects the Company
📈
Business Impact
The financial results indicate ongoing operational challenges affecting profitability, despite a reported revenue from operations of Rs. 912.43 Crore for Q2 FY27.
💰
Financial Impact
The standalone net loss of Rs. (20.06) Crore for Q2 FY27 and the unprovided interest expense of Rs. 41.70 crore for the quarter on a Rare ARC loan significantly impact reported earnings and total liabilities.
⚠️
Risk Impact
The non-provisioning of Rs. 41.70 crore interest expense for Q2 FY27 on a loan classified as NPA by Indian Overseas Bank and subsequently assigned to Rare ARC increases the company's financial reporting risk. Defaults on loans to Invent ARC (Rs. 56.00 crore principal) and an outstanding amount to Edelweiss ARC (Rs. 15.79 Crores) highlight significant liquidity and credit risks.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will need to approve the variation of powers for Mr. Shailesh Bhandari through a Postal Ballot Notice.
👤
Who Is Affected
All members of the company will be affected by the Postal Ballot seeking approval for the variation of powers of Mr. Shailesh Bhandari, Managing Director, who is being re-designated as Executive Vice Chairman.
🔍
Management Signal
The decision to vary the powers of the Managing Director and re-designate him as Executive Vice Chairman indicates a strategic shift in leadership roles subject to shareholder endorsement.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Shareholder approval for Managing Director's re-designation via Postal Ballot.
Update on negotiations with Invent ARC regarding rescheduled loan amounts.
Resolution of the outstanding amount with Edelweiss ARC and revised terms.
Developments regarding settlement with Rare Asset Reconstruction Limited.
Statutory Auditor's report for the full financial year FY27.
HIGH RISK Significant loan defaults, unprovided interest expenses, and a qualified audit opinion point to substantial financial risks.
💡 Investor Takeaway
Electrotherm (India) reported a Q2 FY27 standalone net loss of Rs. (20.06) Crore and revenue from operations of Rs. 912.43 Crore. The company defaulted on Rs. 56.00 crore in loan installments and did not provide Rs. 41.70 crore in interest expenses for Q2 FY27 on a Rare ARC loan.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Standalone Net Profit/(Loss) after Tax for Q2 FY27 was Rs. (20.06) Crore, compared to a net profit of Rs. 6.86 Crore in Q1 FY27.
  • The company defaulted on loan installments of Rs. 56.00 crore and did not provide for interest expenses of Rs. 41.70 crore for Q2 FY27 on a Rare ARC loan.
❓ Frequently Asked Questions
What was Electrotherm (India)'s standalone net profit/loss for Q2 FY27?
Electrotherm (India) reported a standalone net loss after tax of Rs. (20.06) Crore for the quarter ended 30th September, 2026 (Q2 FY27).
What was Electrotherm (India)'s standalone revenue from operations for Q2 FY27?
The standalone revenue from operations for Electrotherm (India) in Q2 FY27 was Rs. 912.43 Crore.
Did Electrotherm (India) default on any loans in Q2 FY27?
Yes, the company defaulted on loan installments amounting to Rs. 56.00 crore to Invent Assets Securitization and Reconstruction Private Limited, and also had an outstanding amount of Rs. 15.79 Crores due to Edelweiss Asset Reconstruction Company Ltd.
What is the unprovided interest expense for Electrotherm (India) on the Rare ARC loan in Q2 FY27?
Electrotherm (India) has not provided for interest expenses on the Rare Asset Reconstruction Limited loan for Q2 FY27, amounting to Rs. 41.70 crore, which understates the net loss for the quarter.
What management change was approved by the Board of Directors for Electrotherm (India) on November 04, 2026?
The Board approved a variation of powers for Mr. Shailesh Bhandari, Managing Director, re-designating him as Executive Vice Chairman with effect from November 04, 2026, subject to shareholder approval.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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