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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.
Mkt cap₹31.95 cr
ROE0.00%
Debt / eq.0.15
₹10.07 cr Consolidated net loss for the quarter ended March 31, 2026.

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.
Mentioned: Advance Metering Technology Ltd. · ₹10.07 cr Q4 net loss · ₹71.64 cr Other Equity
Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on AMTL →
  1. 29 May 2026 · 6:54 PM IST Advance Metering lost ₹10 cr in Q4 on ₹23 cr revenue
  2. 1d ago Advance Metering lost ₹10 cr in FY26. Its annual burn is 43% of revenue.