SecMark Consultancy Q1 FY27 Loss Narrows 79% Ahead of Q2

Q1 FY27 results set the immediate context

SecMark Consultancy Limited reported stronger revenue in the quarter ended June 2026, but its latest disclosures also showed a net loss for the period. The company reported revenue of ₹10.35 crore for Q1 FY27, compared with ₹6.65 crore in Q1 FY26. This represents year-on-year revenue growth of 55.5%, based on the quarterly financial data provided. Another earnings summary put Q1 FY27 revenue at ₹10.71 crore, or ₹107.1 million, and stated that revenue was up 61% year on year. The difference between the two reported revenue figures is not explained in the supplied information.

The reported net result was a loss of ₹0.19 crore, equivalent to ₹1.87 million, for Q1 FY27. That was materially narrower than the ₹0.87 loss per share reported for Q1 FY26, with the latest loss per share at ₹0.18. The earnings summary described the net loss as narrowing 79% from a year earlier. Some headline data described net profit of ₹0.19 crore and year-on-year growth of about 79%, but the detailed earnings release identifies the same amount as a net loss. The detailed result has therefore been treated as a loss in this report.

Board meeting scheduled for October 27

SecMark informed exchanges that its board would meet on October 27, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The announcement was made on October 21, 2026. The company had also stated that its trading window would remain closed from October 1 in connection with the results process.

The scheduled meeting covers Q2 FY27, the July to September 2026 quarter, and the first half of FY27. The provided material identifies October 27 as the Q2 FY27 earnings release date. It does not include the approved Q2 FY27 financial figures. Accordingly, there is no basis to report the September-quarter revenue, profit or loss, margins, or half-year totals.

Revenue declined sequentially after March quarter

While Q1 revenue increased from a year earlier, it declined from the preceding March 2026 quarter. Sales fell to ₹10.35 crore in June 2026 from ₹14.30 crore in March 2026. That is a sequential decline of about 27.7%, consistent with the company snapshot. The supplied data also states that revenue was down for two quarters, from ₹14.74 crore to ₹10.71 crore, with an average quarterly decrease of 27.3%.

The quarterly series shows that revenue has moved sharply between periods. Sales were ₹6.65 crore in June 2025, ₹9.33 crore in September 2025, ₹7.25 crore in December 2025, ₹14.30 crore in March 2026, and ₹10.35 crore in June 2026. This pattern places the June-quarter year-on-year improvement alongside a notable pullback from the March-quarter level. Investors assessing the Q2 release will have a comparable base in the September 2025 quarter, when sales stood at ₹9.33 crore.

Operating profit remained positive in June quarter

Operating profit was ₹1.02 crore in Q1 FY27, compared with an operating loss of ₹0.37 crore in Q1 FY26. The June 2026 operating result was lower than the ₹7.17 crore operating profit reported for March 2026. The company snapshot put the Q1 FY27 operating margin at 9.8%. Expenses rose to ₹9.33 crore in June 2026 from ₹7.02 crore in June 2025.

The rise in expenses was lower than the increase in sales on a year-on-year comparison, which supported the move from an operating loss to an operating profit. However, June-quarter expenses were above the ₹7.13 crore reported in March 2026, even as sales declined sequentially. This combination reduced operating profit from the preceding quarter. The supplied data does not provide a detailed expense break-up for Q1 FY27.

Quarterly financial comparison

The table uses the quarterly sales, expenses and operating-profit series supplied for the company. The June 2026 net result is based on the detailed earnings summary that reported a net loss of ₹1.87 million. Revenue in that earnings summary was stated as ₹10.71 crore, rather than ₹10.35 crore in the quarterly table. The company’s Q2 FY27 filing may provide updated comparative disclosures and a clearer basis for reconciliation.

FY26 profit declined despite higher revenue

For the year ended March 31, 2026, SecMark reported a 6.9% increase in revenue from operations to ₹3.75 crore and a 40% decline in net profit to ₹0.26 crore, according to one supplied summary. That disclosure said the board approved audited standalone and consolidated results on May 13, 2026. It also said statutory auditor D. Kothary & Co. issued an unmodified opinion.

A separate disclosure stated that standalone total income rose to ₹38.82 crore in FY26 from ₹35.96 crore in FY25, while standalone profit after tax fell to ₹2.57 crore from ₹4.25 crore. It attributed the decline in profit to higher employee and other expenses. These annual figures differ materially from the other FY26 summary and are presented here as separately reported data rather than as reconciled totals. The supplied material does not explain whether the differences reflect reporting scope, units, or another classification.

Governance and shareholder actions

SecMark held its 15th annual general meeting on September 30, 2026. Shareholders approved the financial statements, director reappointment and remuneration matters, according to the supplied information. Earlier, at the May 13, 2026 board meeting, the company appointed Tripathi & Associates, Chartered Accountants, as internal auditor for FY27.

The company also published its audited Q4 and FY26 results in Financial Express and Pratahkal on May 14, 2026. The publication was stated to be in compliance with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations. These actions form part of the company’s regular reporting and governance calendar following its listing on October 16, 2023.

What the Q2 FY27 disclosure will show

The October 27 board meeting is the next confirmed event in SecMark’s reporting schedule. The key reported Q1 FY27 indicators were year-on-year growth in revenue, a return to positive operating profit, and a substantially narrower net loss. At the same time, revenue and operating profit were below the March 2026 quarter, while expenses increased sequentially.

The Q2 FY27 results, once approved and disclosed by the company, will provide the next official measure of revenue, expenses, operating performance and net profitability for the September quarter. They will also provide the half-year financial outcome through September 2026. Until those figures are released, the June-quarter result remains the latest financial information contained in the provided data.

Conclusion

SecMark Consultancy entered its Q2 FY27 board meeting with Q1 revenue above the prior-year level and its reported net loss narrowed to ₹0.19 crore. The June quarter also recorded positive operating profit, although sales and operating profit declined from the March 2026 quarter. The board’s October 27, 2026 meeting was scheduled to consider unaudited Q2 and first-half FY27 results, which are the next confirmed financial update for investors.