Neueon Towers Ltd Q2 FY27 Results

Neueon Corporation (formerly Neueon Towers) reported a consolidated net loss of ₹166.27 Cr for Q2 FY27 (quarter ended Sep 30, 2026), deeper than the ₹88.91 Cr loss a year ago and the ₹0.91 Cr loss in Q1 FY27. Standalone tells the same story at ₹166.23 Cr — the two bases diverge by under 0.1%, so consolidated, taken as primary here, is not materially different from standalone. Revenue grew 75.8% YoY to ₹7.25 Cr consolidated (₹4.12 Cr in Q2 FY26); the QoQ comparison against Q1 FY27's ₹0.06 Cr revenue is not meaningful given how close to zero that base was — this remains a company just emerging from resolution, not yet running at a steady operating cadence.

The entire reported loss is a one-off story: a ₹165.27 Cr exceptional charge, which the cash flow statement identifies as ₹159.76 Cr of trade receivables, advances and deposits written off, sits below an operating line that actually improved sharply. Profit before exceptional items and tax was a loss of just ₹1.00 Cr this quarter versus a ₹88.43 Cr operating loss in Q2 FY26 — adjusted for the exceptional item on both sides, the underlying loss narrowed roughly 99% YoY. Reported PAT growth of -87% YoY is therefore the wrong headline; the adjusted trend is a near-total closure of the operating gap, even though the company remains loss-making on both bases. EPS was ₹(2.94) versus ₹(15.72) a year ago, consistent with the reported PAT move.

The stock went into the print at ₹11.45, down 22.8% over the past month of trading.

For context: revenue is at a 6-quarter high.

There is no analyst coverage or consensus estimate to benchmark against — a web search for Q2 FY27 previews on this scrip (BSE: 532887) returned nothing beyond prior-quarter result summaries — so vs-street is unknown; management has also issued no formal guidance or outlook in this filing or on record, so vs-guidance is unknown too, and no press release language was available to cross-check against the numbers. The quarter's operating improvement coincides with company-specific events from our records: the board approved raising up to ₹300 Cr via equity issuance on Sep 23, 2026 (within the quarter, but no share application money shows on the Sep 30 balance sheet yet, so it hasn't closed), and the company secured a ₹25 Cr campus renovation order on Sep 30. The auditor's review carries a qualified conclusion solely because it could not review the interim financials of Neueon's foreign subsidiary, which continues to carry a ₹139.93 Cr provision unchanged since March 2026.