Advance Metering lost ₹10 cr in Q4 on ₹23 cr revenue
Full-year losses hit 43% of revenue. The business is not generating returns to support its ₹72 crore equity base.
— 1 earlier story on Advance Metering Technology Ltd. →What's new
- Advance Metering reported a ₹10.07 cr consolidated net loss for Q4 FY26 on revenue of ₹23.28 cr.
- Full-year losses reached 43% of total revenue, a deeply unsustainable ratio.
- Both the Power Generation and Meters segments remain under pressure.
Why this matters
A company losing 43 paise for every rupee of revenue has a balance sheet problem. Other Equity sits at ₹71.64 crore against a ₹31 crore market cap, a gap the operational losses are widening, not closing.
What we're watching
- Any move to monetise assets to shrink the equity overhang.
- The path to operational breakeven, given the loss-to-revenue ratio.
- Performance under the re-appointed Daver Sikri & Co. internal auditors.
The full read
Advance Metering Technology's Q4 FY26 numbers are bad. The company lost ₹10.07 crore on ₹23.28 crore in revenue. For the full year, losses hit 43% of total revenue. Both its Power Generation and Meters segments are under strain. The business is not generating the returns to justify its capital base. 'Other Equity' sits at ₹71.64 crore against a market capitalisation of just ₹31 crore. The gap is widening. The re-appointment of auditors is routine; the financials are not.
Questions answered
- How does the quarterly loss compare to revenue?
- The company lost ₹10.07 crore against ₹23.28 crore in revenue, a loss of about 43 paise per rupee of sales for the quarter.
- What does the annual performance tell us about the business model?
- For the full year, losses represented about 43% of total revenue. This shows the company's operations are not covering their costs.
- Are both of the company's business segments struggling?
- Yes, standalone data shows both the Power Generation and Meters businesses remain under pressure, contributing to the consolidated losses.
- What is the state of the balance sheet?
- Consolidated 'Other Equity' is ₹71.64 crore, more than double the ₹31 crore market capitalisation. This large historical capital base is not generating commensurate returns.
Story so far
All notes on AMTL →- 29 May 2026 · 6:54 PM IST Advance Metering lost ₹10 cr in Q4 on ₹23 cr revenue
- 1d ago Advance Metering lost ₹10 cr in FY26. Its annual burn is 43% of revenue.