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Two Quarters of Loss at SEPC? Read the Tax Line Before the Bottom Line

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence EPC Stock Watch | Deferred Tax Two Quarters of Loss at SEPC? Read the Tax Line Before the Bottom Line SEPC Ltd (₹5) earned ₹49.98 crore before tax in the first half of FY27, up from ₹29.85 crore a year earlier. A ₹119.57 crore deferred-tax write-off then turned it into a reported loss of ₹69.59 crore. Here is what that write-off is, and what it is not. Two quarters of reported loss look alarming on a screener. Read one line higher in the results of SEPC Ltd (₹5) and the picture changes. The company earned money before tax in both quarters. Interestingly, the loss did not come from the underlying EPC operations. It came from the tax line, where the company wrote off tax assets that were close to expiry. So let me put the question every investor should ask before reacting: what exactly is this loss made of? The full numbers are in our 12 November Q2FY27 report . This piece explains the tax li...
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BN Agrochem: From Edible Oils to Specialty Chemicals — A Business Transformation in Progress | Q2FY27 Results Today

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Small-Cap Stock Watch BN Agrochem: From Edible Oils to Specialty Chemicals — A Business Transformation in Progress | Q2FY27 Results Today  An upper-circuit close at ₹154.92, a 46.7% recovery from the 30 October low of ₹105.60, 76.24% delivery and a sequential EBITDA recovery: BN Agrochem heads into its September-quarter results with momentum, but valuation and liquidity deserve equal attention. Market data as of 12 November 2026. Results status subject to subsequent exchange announcement. BN Agrochem Ltd (₹154.92) closed Thursday's session, 12 November 2026, at its 5% upper price band, gaining ₹7.37 or 4.99%. The Nifty50 advanced just 0.18% during the same session. The stock's outperformance was conspicuous. The latest move extends a sharp rebound from the 52-week low of ₹105.60 recorded on 30 October. At ₹154.92, the stock has recovered approximately 46.7% in less than two weeks....
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SEPC’s Q2FY27 Loss: A ₹95.35 Crore Deferred-Tax Charge Overshadows an Improved Operating Quarter

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Quarterly Results · Infrastructure SEPC’s Q2FY27 Loss: A ₹95.35 Crore Deferred - Tax Charge Overshadows an Improved Operating Quarter Consolidated PBT rose 241% to ₹36.81 crore, H1FY27 EBITDA reached ₹73.04 crore and operating cash outflow narrowed by about ₹100 crore, while a non-cash ₹95.35 crore deferred-tax charge produced the ₹58.54 crore net loss. SEPC Ltd (₹5.40) reported a consolidated net loss of ₹58.54 crore for Q2FY27. Read the line above it first. Consolidated profit before tax rose to ₹36.81 crore, against ₹10.80 crore a year ago, a jump of roughly 241%. The gap between those two numbers has a single cause: a ₹95.35 crore deferred-tax charge. The company describes it as a non-cash accounting adjustment with no effect on cash flows, liquidity or its ability to service debt. Interestingly, the pre-tax improvement came while other income fell from ₹13.61 crore to ₹1.25 crore. Operat...
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Morepen Q2FY27 Results: Standalone PAT Up 442%, CDMO Scales

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence PHARMACEUTICALS | Q2FY27 EARNINGS Morepen Laboratories Q2FY27: Standalone PAT Up 442%, CDMO Turns Commercial A standalone profit of ₹77.87 crore against ₹14.38 crore a year ago, consolidated profit of ₹88.89 crore, and CDMO revenue up roughly 334% to about ₹253 crore. Add exports of ₹397 crore for the quarter and 20 million glucose meters in the field, and Morepen no longer fits the label of a sleepy API maker. Morepen Laboratories (₹99.15) (NSE: MOREPENLAB | BSE: 500288 | ISIN: INE083A01026) did something rare in the September quarter. It earned a standalone profit of ₹77.87 crore, against ₹14.38 crore a year ago, a rise of 442%. On a consolidated basis, net profit more than doubled to ₹88.89 crore, up 117.48%, on revenue from operations of ₹746.50 crore, up 81.4%. A 442% jump sounds like a typo until you look at the base. The percentage is the headline, but the rupee figure is the part worth framing:...
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Critical Red Flags at Rajesh Exports Ltd – Shift to Z Group Signals Deep Governance Issues. ~Sumon Mukhopadhyay. ------------------------------------ Company: Rajesh Exports Ltd (Rs.180.35). Date: January 5, 2026. Subject: Non-Compliance Leading to Z Group Classification and Investor Risks. =============== Executive Summary: A Major Regulatory Warning: As of early January 2026, Rajesh Exports has been reclassified into the Z Group (BZ Series) on both BSE and NSE. This punitive category is reserved for companies with serious compliance failures. The primary trigger: Persistent delay in submitting the Reconciliation of Share Capital Audit Report (required under Regulation 76 of SEBI's Depositories and Participants Regulations) for multiple consecutive quarters, including those ended June and September 2025. This isn't just administrative oversight—it's a serious red flag indicating potential mismatches between issued shares, demat holdings, and company record...
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Hikaru Nakamura and Atousa Pourkashiyan: A Checkmate in Love – A Grand Union Forged on the 64 - Squares.... Introduction: Hikaru Nakamura, a name synonymous with modern chess, is a prodigy-turned-legend whose brilliance has redefined the contours of the game.  A five-time U.S. Champion, his fearless strategies and dynamic online presence have made him an unparalleled force in the chess world. In 2023, however, the grandmaster made headlines for a personal milestone: his marriage to the courageous and equally accomplished chess player, Atousa Pourkashiyan. Atousa, a Women's Grandmaster (WGM), is a celebrated chess player and a symbol of resilience. Her bold decision to compete without a hijab during the 2022 World Rapid and Blitz Championship became a landmark moment in the global spotlight. This act was a direct expression of solidarity with the Mahsa Amini protests in Iran, where women have continued to fight against oppressive mandates, demanding the freedom to choose their attir...
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SYRMA SGS Technology Ltd (Rs.611); P owering Growth Through Data Centers and Medical Devices with Its New Pune Facility. Introduction : Syrma SGS Technology Ltd (Rs.611) is making strategic moves in high-growth sectors such as data centers and medical devices, positioning itself as a leader in the electronics manufacturing industry.  The company's newly inaugurated Pune facility is set to become a key driver of revenue growth and market expansion. This development not only supports Syrma’s commitment to the data center and healthcare industries but also enhances shareholder value through innovation and scalability. Photo : Business Line. ---------------------------------- Key Facility Details: Revolutionizing Operations Facility Scale: Spanning 26.5 acres, the new campus is designed to support 1.20 million square feet of manufacturing space, with 60,000 square feet operational in Phase 1. Investment : ₹150 crore in Phase 1, with further investment planned to scale operations. Job C...
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