Standard Shoe Sole Q1 Results: Net Loss Widens To ₹5.76 Lakh
Standard Shoe Sole And Mould (India) Limited posted a Q1FY27 net loss of ₹5.76 lakh, widening from ₹4.85 lakh in Q1FY26, with zero revenue recorded. Other expenses rose to ₹5.01 lakh, driving the quarterly deficit. Statutory auditors S. Daga & Co. reviewed the results approved by the Board on August 12, 2026.
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Standard Shoe Sole And Mould (India) Limited reported a widened net loss of ₹5.76 lakh for the first quarter of FY27 (Q1FY27), ending June 30, 2026, compared to a net loss of ₹4.85 lakh in the corresponding quarter of the previous year. The Hyderabad-based manufacturer recorded zero revenue from operations and no other income during the period, indicating a continued absence of operational turnover. Total expenses for the quarter rose to ₹5.76 lakh from ₹4.85 lakh year-on-year, driven largely by a jump in other expenses to ₹5.01 lakh from ₹4.10 lakh in Q1FY26. Employee benefit expenses remained stable at ₹0.75 lakh.
The Board of Directors approved the unaudited standalone financial results at a meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by S. Daga & Co., Chartered Accountants, the company’s statutory auditors, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015.
Financial Performance Overview
The company continues to operate without generating revenue, resulting in losses equal to total operating expenses. Diluted earnings per share stood at a loss of ₹0.11 per share for the quarter, compared to a loss of ₹0.09 per share in Q1FY26. For the full fiscal year ended March 31, 2026, the company reported a net loss of ₹11.61 lakh.
| Particulars | Q1FY27 (₹ lakh) | Q4FY26 (₹ lakh) | Q1FY26 (₹ lakh) | FY26 (₹ lakh) |
|---|---|---|---|---|
| Revenue from operations | - | - | - | - |
| Other Income | - | - | - | - |
| Employee benefit expense | 0.75 | 0.75 | 0.75 | 3.00 |
| Other expenses | 5.01 | 3.49 | 4.10 | 8.61 |
| Total Expenses | 5.76 | 4.24 | 4.85 | 11.61 |
| Net Profit/(Loss) | (5.76) | (4.24) | (4.85) | (11.61) |
What the Numbers Show
The financial data reveals a persistent lack of revenue generation alongside rising operational costs. While employee benefits remained constant at ₹0.75 lakh across all reported periods, other expenses increased by approximately 22% year-on-year, from ₹4.10 lakh in Q1FY26 to ₹5.01 lakh in Q1FY27. This divergence between static staffing costs and rising miscellaneous expenses suggests potential inefficiencies or increased overheads in non-core activities. With paid-up equity share capital standing at ₹518.15 lakh and reserves at a deficit of ₹609.13 lakh as of March 31, 2026, the company faces significant balance sheet pressure absent any operational turnaround.
What specific strategic initiatives or operational milestones is Standard Shoe Sole And Mould planning to achieve in Q2FY27 to transition from zero revenue to active operations?
Given the rising 'other expenses' despite static employee costs, what measures will management take to control overheads and prevent further erosion of equity reserves?
How does the current deficit in reserves impact the company's ability to secure additional funding or credit facilities needed for business revival?
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