Advance Metering Technology Q1 2026 profit slips 2%

Key takeaway from the June 2026 quarter

Advance Metering Technology Limited reported a softer operating quarter for the period ended 30 June 2026, with sales declining year-on-year and net profit easing slightly. Multiple data points published around the results show a consistent picture on profit, while revenue is presented in different formats across sources. The company’s unaudited standalone and consolidated financial results for the quarter were accompanied by a limited review report.

The headline numbers indicate that the June 2026 quarter was weaker than the same quarter last year on both top line and bottom line. At the same time, the detailed filing provides more granularity on revenue mix and ratios, including segment-wise revenue and profitability trends.

Sales down 12.29% year-on-year, profit largely flat

For the quarter ended June 2026, sales were reported at ₹4.21 crore versus ₹4.80 crore in the quarter ended June 2025, a decline of 12.29%. Net profit was reported at ₹2.36 crore versus ₹2.41 crore a year ago, a decline of 2.07%. The same comparison also showed profit before tax (PBT) at ₹2.36 crore versus ₹2.41 crore and profit before depreciation and tax (PBDT) at ₹3.54 crore versus ₹3.66 crore.

One of the tables accompanying the update also listed an operating profit margin (OPM) of -9.50% for June 2026 versus -8.75% in June 2025. Separately, the company’s ratios presented in the unaudited results carried a different operating margin figure for the quarter. These differences highlight that investors should read the detailed filing to understand the basis of each margin disclosure.

What the company reported in its earnings release

A separate earnings summary for the first quarter ended June 30, 2026 reported sales of ₹4.21 crore (INR 42.08 million) compared with ₹4.80 crore (INR 47.98 million) a year ago. It also reported “revenue” of ₹8.51 crore (INR 85.08 million) compared with ₹9.29 crore (INR 92.92 million) a year ago. Net income was ₹2.36 crore (INR 23.57 million) compared with ₹2.41 crore (INR 24.09 million) a year ago.

Basic earnings per share (EPS) from continuing operations was ₹1.47 versus ₹1.50 a year ago, with diluted EPS also at ₹1.47 versus ₹1.50. This aligns with the profit change being modest compared with the sharper decline in sales.

Unaudited financial results: revenue, profit, and comprehensive income

In its unaudited financial results for the quarter ended 30 June 2026, the company reported total revenue from operations of ₹8.51 crore (₹850.79 lakhs). Profit before tax and after exceptional items was stated at about ₹2.36 crore (₹235.81 lakhs), and profit for the period after tax was about ₹2.36 crore (₹235.81 lakhs). Total comprehensive income was reported at ₹2.37 crore (₹236.59 lakhs).

The filing also disclosed equity share capital of ₹8.03 crore (₹802.87 lakhs) with a face value of ₹5 per share. Reserves were marked as not available (NA) in the statement, while a separate note referenced previous year audited reserves of ₹71.64 crore (₹7,163.67 lakhs).

Subsidiaries and consolidation scope changes

The consolidated results included subsidiaries Global Power and Trading PTE Limited (Singapore), Advance Power and Trading GMBH (Germany), and PKR Technology Canada Limited (Canada) only up to 19 June 2026. The company indicated PKR Technology Canada Limited was disposed of on that date.

Such changes in consolidation scope can affect comparability across quarters, especially when a subsidiary contributes meaningfully to revenue, expenses, or other income. The company’s disclosures explicitly specify the cut-off date for the disposed entity in the quarter.

Segment snapshot: Investments contributed the largest share

The company disclosed segment-wise revenue for Q1 (June 2026) across three segments. Investments was the largest revenue line at ₹4.00 crore (₹400.06 lakhs), described as net gain on investments carried at FVTPL. Power Generation reported ₹2.45 crore (₹245.37 lakhs), while Meters and Others reported ₹2.05 crore (₹205.36 lakhs).

Segment results (net profit or loss before tax and interest) showed Investments with a profit of ₹3.81 crore (₹381.13 lakhs), Power Generation with a profit of ₹1.62 crore (₹162.40 lakhs), and Meters and Others with a loss of ₹0.34 crore (₹33.73 lakhs). This indicates that non-operating or investment-linked income played a major role in the quarter’s aggregate profitability.

Ratios disclosed for Q1 June 2026

The filing listed several ratios for the quarter ended June 2026, including a current ratio of 2.79 and total debts to total assets of 0.13. It also disclosed debtor turnover of 0.86 and inventory turnover ratio of 0.91. Operating margin was reported at 61.85% and net profit margin at 27.72%.

These ratios provide a different lens on performance compared with the OPM figure presented in a separate summary table. Investors typically reconcile such differences by checking definitions used in each disclosure, including what is classified under operations versus other income.

Stock price references and recent trend snapshots

Market data shown alongside the news indicated the stock at ₹18.18 with a reported one-day move of -1.62%, a 5-day change of -3.81%, and a “1st Jan change” of -27.08% in one snapshot. Another update cited the stock trading at ₹18.77, up 1.19% versus the last close, and mentioned -25.59% for the year and -4.04% in the last 5 days.

These figures appear as time-stamped snapshots from different sources and dates. They broadly point to negative longer-term performance over the year-to-date period cited, while short-term movements varied depending on the time window.

Key numbers table (June 2026 vs June 2025)

Limited review report and compliance note

The limited review report by GSA & Associates LLP on the unaudited financial results stated that nothing had come to their attention that causes them to believe the results are not fairly presented. The report referenced compliance with Ind AS 34 and SEBI regulations.

For investors, such statements are a standard part of quarterly results reporting, particularly for unaudited numbers. The disclosure indicates that the company has placed the quarter’s financial information through a limited review process.

Why this quarter matters for investors tracking the stock

The June 2026 quarter shows a clear year-on-year decline in sales, while profit held up with only a small drop, supported by the disclosed segment results. The segment data also suggests that investment-linked gains formed a significant part of revenue and profitability in the quarter.

Beyond the headline revenue and profit figures, the consolidation note about PKR Technology Canada Limited being disposed of on 19 June 2026 is a key operational detail. Any future comparisons of consolidated numbers will need to factor in that the subsidiary was included only up to that date.

Conclusion

Advance Metering Technology’s June 2026 quarter reflected a 12.29% decline in sales to ₹4.21 crore and a 2.07% dip in net profit to ₹2.36 crore versus the same quarter last year. The unaudited filing also reported total revenue from operations of ₹8.51 crore, EPS of ₹1.47, and detailed segment contributions led by Investments. The next set of results and any further updates on consolidation scope after the disposal of the Canadian subsidiary will be important checkpoints for tracking comparability.