Relic Technologies Q1FY27 loss narrows; sales -73% YoY

Q1FY27 snapshot: loss improves, revenue contracts

Relic Technologies reported a narrower consolidated net loss for the quarter ended June 30, 2026 (Q1FY27), even as operating revenue fell sharply year-on-year. The company posted a consolidated net loss of ₹1.03 crore in Q1FY27 compared with a loss of ₹3.68 crore in Q1FY26. Consolidated revenue from operations stood at ₹0.35 crore, down from ₹1.28 crore a year earlier. The quarter underscores a mixed picture, with lower losses but a steep decline in topline activity.

On a standalone basis, the company reported a net profit of ₹0.21 crore for Q1FY27, improving from ₹0.10 crore in Q1FY25. Standalone revenue from operations was ₹0.21 crore, and other income contributed ₹0.43 crore. The standalone profit was supported by this other income line, based on the numbers disclosed for the period.

Consolidated performance: revenue down, costs still elevated

The consolidated revenue decline was significant, with revenue from operations sliding to ₹0.35 crore from ₹1.28 crore in Q1FY26. Total income for the consolidated entity was ₹0.58 crore versus ₹1.46 crore in the year-ago period. The contraction in operating activity coincided with total consolidated expenses of ₹1.62 crore in Q1FY27, compared with ₹2.82 crore in Q1FY26.

Within expenses, employee benefit expenses were ₹0.79 crore and other expenses were ₹0.43 crore for the quarter. With costs exceeding income, the group reported profit before tax of -₹1.04 crore. A net tax benefit of ₹0.01 crore was reported for the quarter.

Standalone results: other income supports profit

Relic Technologies’ standalone unit delivered a net profit of ₹0.21 crore in Q1FY27, higher than ₹0.10 crore in Q1FY25. Standalone revenue from operations was ₹0.21 crore, and total income was ₹0.64 crore, supported by other income of ₹0.43 crore. Standalone total expenses were ₹0.42 crore.

The numbers indicate that the standalone performance was not driven by revenue from operations alone, given the scale of other income relative to operating revenue. The company’s published results highlight the difference between the standalone business and the consolidated group outcome.

Subsidiaries remain a drag on consolidated earnings

Relic Technologies’ consolidated results include subsidiaries Relic Pharma Limited and Truhealthy Wellness Private Limited. The subsidiaries reported a combined net loss of ₹1.24 crore against revenues of ₹0.14 crore for the quarter, as stated in the disclosed update. This subsidiary performance helped explain why the group remained loss-making despite the standalone profit reported by Relic Technologies Limited.

The consolidated loss still improved materially versus Q1FY26, mainly reflecting the smaller loss base compared with the prior year quarter. However, the data also shows that revenue contraction remained a key feature of the quarter.

Key financial table: Q1FY27 vs Q1FY26 (reported)

All figures are in ₹ crore.

Market-style disclosure: sales down 72.66%, loss at ₹0.65 crore

A market-style summary for the June 2026 quarter reported net loss of ₹0.65 crore, compared with a net loss of ₹3.24 crore in the June 2025 quarter. Sales were reported at ₹0.35 crore for the June 2026 quarter, down from ₹1.28 crore in June 2025, indicating a 72.66% decline. Profit before tax was reported at -₹1.04 crore versus -₹1.36 crore in the prior-year quarter, and profit before depreciation and tax was reported at -₹0.96 crore versus -₹1.29 crore.

The same summary reported operating profit margin (OPM) at -331.43% for June 2026 versus -112.50% for June 2025. These figures align with the quarter’s combination of weak operating revenue and expense levels that remained above income.

Audit review and AGM outcomes

The unaudited standalone and consolidated financial results were reviewed by D. Kothary & Co., the statutory auditors, who issued an unmodified opinion. This indicates the auditors did not report modifications to their review conclusion based on the information presented.

Separately, shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026 at the company’s 35th Annual General Meeting held on August 13, 2026. The company also noted that several governance and strategic resolutions were approved at the AGM.

Share price context and recent loss trend

As of 14 August 2026, Relic Technologies’ share price was reported at ₹61.1. The company’s disclosures also referenced that the consolidated net loss for the quarter ended March 31, 2026 was ₹2.94 crore, providing context that the June 2026 quarter loss was lower than the immediately preceding quarter figure cited.

For FY26, the consolidated financial results for the group showed a net loss of ₹6.94 crore, compared with a net loss of ₹1.49 crore in the previous year. This FY26 comparison shows that, despite quarter-to-quarter movement, losses at the group level have been meaningful over a longer period.

Why the Q1FY27 numbers matter

The Q1FY27 update highlights two separate realities within the group structure. The standalone company reported a profit with sizeable other income, while the consolidated entity remained loss-making as subsidiaries posted losses against limited revenue. Investors tracking Relic Technologies are likely to focus on how much of earnings is coming from core operations versus other income, based on the quarter’s mix.

The sharp year-on-year decline in revenue from operations also frames the quarter as one where reduced loss did not come alongside stronger operating momentum. With results reviewed and AGM approvals completed, the next set of disclosures will be watched for updated operating trends and the trajectory of subsidiary performance.

Conclusion

Relic Technologies reduced its consolidated net loss to ₹1.03 crore in Q1FY27 from ₹3.68 crore a year earlier, but revenue from operations fell to ₹0.35 crore. The standalone business reported profit aided by other income, while subsidiaries continued to report losses. The company’s next quarterly update and any further statutory filings will provide the next data points on operating revenue and group-level profitability.