Smaart Tech Services Reports Q2 FY27 Loss of Rs. (245.88) Lakhs, Negative Net Worth
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Nov 2026, 01:35 PM IST · BSE ID: dacf8702-e3ea-4a2a-8c64-4cd68304cf90
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a financial loss and negative net worth, but has started new business activities and changed its accounting approach.
🤖 AI Summary
- Smaart Tech Services reported a net loss of Rs. (245.88) Lakhs for the quarter ended September 30, 2026.
- Half-year loss for the period ended September 30, 2026, was Rs. 821.75 Lakhs.
- The company's net worth was negative Rs. 14,931.92 Lakhs as of September 30, 2026.
- Revenue from operations stood at Rs. 767.14 Lakhs for Q2 FY27.
- The company adopted 'going concern' accounting policy effective July 2, 2026, and commenced new trading activities.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit / (Loss) for the period (Q2 FY27)
Rs. (245.88) Lakhs
Not comparable — limited prior period data.
Profit / (Loss) for the half year ended September 30, 2026
Rs. (821.75) Lakhs
Not comparable — limited prior period data.
Negative net worth as on September 30, 2026
Rs. 14,931.92 Lakhs
Revenue from operations (Q2 FY27)
Rs. 767.14 Lakhs
Not comparable — limited prior period data.
Paid up equity share capital
Rs. 2594.40 Lakhs
🏢 How This Affects the Company
Smaart Tech Services commenced new business activities in consumer electronics trading, generating revenue of Rs. 767.14 Lakhs in Q2 FY27. This marks a shift from its previous non-going concern status and indicates a new revenue generation strategy.
The company continues to report losses, with a Q2 FY27 loss of Rs. (245.88) Lakhs and an accumulated loss of Rs. 19,919.4 Lakhs as of September 30, 2026. Its net worth remains negative at Rs. 14,931.92 Lakhs, indicating erosion of capital.
The change in accounting policy to a 'going concern' basis as of July 2, 2026, and the alteration of the main object clause to include business activities reflect a fundamental shift in the company's operational strategy.
The negative net worth of Rs. 14,931.92 Lakhs and accumulated losses of Rs. 19,919.4 Lakhs as of September 30, 2026, indicate significant financial risk. The auditor's observation regarding unrecognised deferred tax also highlights a potential financial reporting risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the continued net losses of Rs. (245.88) Lakhs in Q2 FY27 and the erosion of net worth to negative Rs. 14,931.92 Lakhs.
🔍
Management Signal
Management's decision to prepare financials on a 'going concern' basis and commence new trading activities signals an intent to revive and expand the company's business operations.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 results — monitor sustainability and growth of new trading revenue.
Auditor's report for FY27 — check deferred tax recognition and going concern assessment.
Future announcements regarding new business initiatives and revenue diversification.
HIGH RISK
Company's continued losses and significant negative net worth of Rs. 14,931.92 Lakhs pose high financial risk.
💡 Investor Takeaway
Smaart Tech Services reported a Q2 FY27 net loss of Rs. (245.88) Lakhs, with half-year loss of Rs. 821.75 Lakhs. The company's net worth is negative Rs. 14,931.92 Lakhs as of September 30, 2026. Revenue from new trading activities was Rs. 767.14 Lakhs.
⚖️ Strengths & Concerns
✅ Positives
- Company commenced new trading activities in Q2 FY27, generating revenue from operations of Rs. 767.14 Lakhs.
- Change in accounting policy to 'going concern' basis signals management's intent for business continuity and revenue expansion.
⚠️ Concerns
- Company reported a net loss of Rs. (245.88) Lakhs for Q2 FY27 and a half-year loss of Rs. 821.75 Lakhs.
- Net worth remains negative at Rs. 14,931.92 Lakhs as of September 30, 2026, indicating continued capital erosion.
📅 Company Track Record
Smaart Tech Services (formerly Sharp India Limited) reported a Q2 FY27 loss of Rs. (245.88) Lakhs, following a previous Q2 FY27 loss of Rs. (821.75) Lakhs. The company had a negative net worth of Rs. 14,931.92 Lakhs as of September 30, 2026, compared to Rs. 14,128.48 Lakhs as of March 31, 2026. The company recently underwent a change in control, with Sharp Corporation, Japan ceasing to be the holding company on June 2, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Smaart Tech Services' net profit or loss for Q2 FY27?
Smaart Tech Services reported a loss of Rs. (245.88) Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What is the company's net worth as of September 30, 2026?
As of September 30, 2026, Smaart Tech Services has a negative net worth of Rs. 14,931.92 Lakhs.
What was the revenue from operations for Smaart Tech Services in Q2 FY27?
Revenue from operations for the quarter ended September 30, 2026, was Rs. 767.14 Lakhs, generated from trading activities.
When did Smaart Tech Services change its accounting policy to a going concern basis?
Smaart Tech Services changed its accounting policy to prepare financials on a 'going concern' basis effective July 2, 2026.
What was the company's total income for Q2 FY27?
The total income for Smaart Tech Services for the quarter ended September 30, 2026, was Rs. 1,083.95 Lakhs.
Questions based on this BSE filing only. For information purposes.