Advance Metering Technology Q2 Results: Loss Narrows to Rs 1.61 Crore

Q2 Net Loss: Rs 1.61 crore vs. Rs 3.05 crore in Q2 FY26.
H1 Net Profit: Rs 0.75 crore vs. Rs 0.59 crore loss in H1 FY26.

Reader Takeaway: Improved half-year profitability marks a turnaround, though the Meters & Others segment remains a persistent operational drag.

What just happened

Advance Metering Technology Ltd (AMTL) released its financial results for the quarter and half-year ended September 30, 2026. While the company reported a quarterly net loss of Rs 1.61 crore, this reflects a significant improvement from the Rs 3.05 crore loss recorded in the same quarter last year. For the six-month period (H1 FY27), the company successfully shifted to a net profit of Rs 0.75 crore, compared to a net loss of Rs 0.59 crore in H1 FY26.

Why this matters

The transition to a net profit on a half-year basis suggests stabilization in some business units. However, the recurring quarterly loss highlights ongoing operational volatility. The disposal of the entire equity interest in its subsidiary, PKR Technology Canada Limited, on June 19, 2026, is a major corporate development that has resulted in the deconsolidation of that entity from current financial statements, fundamentally changing the company's reporting structure.

Segment Performance

Performance remains mixed across the company’s three primary business verticals:

• Power Generation: Continues to be a key driver, posting Rs 5.29 crore in revenue for H1 FY27, up from Rs 4.48 crore in H1 FY26.
• Meters & Others: Reported revenue of Rs 4.41 crore for H1 FY27, with segment results showing a loss of Rs 1.20 crore.
• Investments: Revenue stood at Rs 4.38 crore for H1, down slightly from the previous year, with segment results of Rs 3.56 crore.

Risks to watch

Investors should note that the company has not recognized any provision for deferred tax assets or liabilities. This is attributed to carried-forward business losses and unabsorbed depreciation. The ongoing negative results in the Meters & Others segment remain a point of concern for future margin expansion.

What to track next

Watch for management commentary on the future trajectory of the Meters & Others segment and how the divestment of the Canadian arm impacts long-term consolidated margins in upcoming quarters.