SecMark Consultancy Reports Q1 Loss of ₹19 Lakh, Board Approves Amalgamation

SecMark Consultancy Ltd has reported a net loss of ₹19 lakh (₹18.66 lakh) for the quarter ended June 30, 2026. This marks a significant decline from a profit of ₹4.49 crore (₹449.05 lakh) in the previous quarter ended March 31, 2026. However, the loss is an improvement compared to the ₹90 lakh (₹89.99 lakh) loss in the corresponding quarter last year.

Revenue for the June quarter stood at ₹10.35 crore (₹1034.50 lakh), a sequential decrease from ₹14.30 crore (₹1430.16 lakh) in the March quarter.

Reader Takeaway: Company moves from profit to loss sequentially; amalgamation plan approved.

What just happened

SecMark Consultancy reported a net loss of ₹19 lakh for the quarter ended June 30, 2026. This follows a profitable March quarter and a loss in the year-ago period. Revenue also saw a sequential dip.

Why this matters

The shift from profit to loss indicates potential volatility in the company's earnings. The approved amalgamation scheme signifies a major corporate restructuring, which could impact future operations and financial structure.

The backstory

In the quarter ended March 31, 2026, SecMark Consultancy had posted a profit of ₹4.49 crore on revenue of ₹14.30 crore. The current quarter's performance reverses this trend. The company had reported a loss of ₹90 lakh in the June 2025 quarter.

What changes now

The board has approved a scheme of amalgamation where Codifi Finserv Private Limited and SecMark Holding Private Limited will merge with SecMark Consultancy Limited. This process is subject to approvals from the National Company Law Tribunal (NCLT), SEBI, ROC, and shareholders.

Risks to watch

The primary risk lies in obtaining the necessary regulatory approvals for the amalgamation. The sequential loss also highlights the need for stabilization of earnings. Significant expenses like ₹3.50 crore for 'Software Support Services' and depreciation of ₹1.37 crore on software purchases are also factors.

Peer comparison

Information on specific peers and their recent performance is not available in the filing.

Context metrics (time-bound)

• June 2026 Quarter Revenue: ₹10.35 crore
• June 2026 Quarter Profit/(Loss): (₹0.19 crore) or (₹19 lakh)
• March 2026 Quarter Profit: ₹4.49 crore
• June 2025 Quarter Loss: (₹0.90 crore) or (₹90 lakh)

What to track next

Investors should closely monitor the progress of the amalgamation approvals and any updates on the company's ability to return to profitability in the upcoming quarters.