Smaart Tech Services Reports Q2 FY27 Loss of Rs. (245.88) Lakhs
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Nov 2026, 01:30 PM IST · BSE ID: 54b66241-a2c2-4be7-8b59-0869cfa493e9
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a loss of Rs. (245.88) Lakhs this quarter, with its debt exceeding assets, but has started new business.
🤖 AI Summary
- Smaart Tech Services reported a standalone loss of Rs. (245.88) Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
- Net worth remains negative at Rs. 14,931.92 Lakhs as of September 30, 2026, after a half-year loss of Rs. 821.75 Lakhs.
- Revenue from operations was Rs. 767.14 Lakhs for Q2 FY27, generated from trading activities.
- The Board approved a change in accounting policy to a 'going concern' basis effective July 2, 2026.
- Sharp Corporation, Japan, ceased to be the holding company effective June 2, 2026, transferring 75% equity to Smart Services Private Limited.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit / (Loss) for the period (Q2 FY27)
Rs. (245.88) Lakhs
Profit / (Loss) for the half year ended Sep 30, 2026
Rs. (821.75) Lakhs
Revenue from operations (Q2 FY27)
Rs. 767.14 Lakhs
Negative Net Worth as on September 30, 2026
Rs. 14,931.92 Lakhs
Accumulated losses as on September 30, 2026
Rs. 19,919.4 Lakhs
🏢 How This Affects the Company
The company has commenced new business activities, specifically trading, generating Rs. 767.14 Lakhs in revenue for Q2 FY27, following a change in main object clause effective August 16, 2026.
Smaart Tech Services has a negative net worth of Rs. 14,931.92 Lakhs as of September 30, 2026, and reported an accumulated loss of Rs. 19,919.4 Lakhs, indicating continued erosion of net worth.
Management intends to expand revenue generation streams, as indicated by the change in main object clause and the commencement of trading activities.
The auditor noted the company has not recognized deferred tax in accordance with Ind AS 12 for the period ended September 30, 2026, making the impact on tax expense, deferred tax balances, and net worth unascertainable.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
Shareholders are affected by the continued erosion of net worth due to accumulated losses totaling Rs. 19,919.4 Lakhs as of September 30, 2026.
🔍
Management Signal
Management is signaling a strategic shift towards business revival by commencing new trading activities and adopting a 'going concern' accounting policy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for sustained revenue generation and loss reduction.
Updates on new business activities — look for details on expansion of revenue streams.
Deferred tax assessment — monitor for recognition in future financial statements.
HIGH RISK
High negative net worth, accumulated losses, and auditor's note on unrecognised deferred tax present significant financial risks.
💡 Investor Takeaway
Smaart Tech Services reported a Q2 FY27 standalone loss of Rs. (245.88) Lakhs, with half-year loss at Rs. 821.75 Lakhs. Negative net worth is Rs. 14,931.92 Lakhs. Revenue from new trading activities was Rs. 767.14 Lakhs. Accounting policy shifted to 'going concern' from July 2, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from operations for Q2 FY27 stood at Rs. 767.14 Lakhs, indicating commencement of new trading business activities.
- The Board approved a change in accounting policy to 'going concern' basis from July 2, 2026, reflecting a planned business continuity.
⚠️ Concerns
- Smaart Tech Services reported a standalone loss of Rs. (245.88) Lakhs for Q2 FY27 and a half-year loss of Rs. 821.75 Lakhs.
- The company maintains a negative net worth of Rs. 14,931.92 Lakhs as of September 30, 2026, with accumulated losses of Rs. 19,919.4 Lakhs.
📅 Company Track Record
Previous filings indicated Smaart Tech Services (formerly Sharp India Ltd) reported a Q4/FY26 loss of Rs. (569.03) Lakhs, with auditor concerns about the company not being a going concern. The current filing marks a change in accounting policy to a going concern basis, effective July 2, 2026, and the commencement of new business activities.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Smaart Tech Services' net loss for Q2 FY27?
Smaart Tech Services Limited reported a standalone loss of Rs. (245.88) Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What is the net worth of Smaart Tech Services as of September 30, 2026?
The net worth of Smaart Tech Services Limited as of September 30, 2026, is a negative Rs. 14,931.92 Lakhs.
What was Smaart Tech Services' revenue from operations in Q2 FY27?
Revenue from operations for Smaart Tech Services Limited was Rs. 767.14 Lakhs for the quarter ended September 30, 2026 (Q2 FY27), generated from trading activities.
Did Smaart Tech Services change its accounting policy?
Yes, the Board of Directors approved a change in accounting policy to a 'going concern' basis, effective from July 2, 2026.
What is the status of deferred tax recognition for Smaart Tech Services?
The company has not recognized deferred tax in accordance with Ind AS 12 as of September 30, 2026, making its impact on tax expense, balances, and net worth unascertainable.
Questions based on this BSE filing only. For information purposes.