Zetwerk Q2 Loss Widens About 43% to Rs 88.11 Crore
Zetwerk's revenue from operations rose 18.3% to Rs 4,599.36 crore in its first quarterly results since listing.
Key Takeaways
- Q2 FY27 net loss of Rs 88.11 crore, against Rs 61.55 crore a year ago
- Loss fell about 88% from about Rs 733 crore in Q1 FY27
- Revenue from operations rose 18.3% to Rs 4,599.36 crore
- First-half FY27 revenue rose 33.3% to Rs 8,717.24 crore
Table of Contents 7 sections
- Zetwerk Q2 FY27 at a glance
- Manufacturing and ecosystem businesses both grew in the quarter
- Zetwerk's road from founding to its first results as a listed company
- Amrit Acharya on gross profit growing faster than revenue
- What Zetwerk said about its order wins
- Where Zetwerk stands after its first quarter as a listed company
- FAQs
Zetwerk Manufacturing Businesses posted a consolidated net loss of Rs 88.11 crore for the July to September 2026 quarter (Q2 FY27), up about 43% from Rs 61.55 crore in the same quarter last year. The loss fell about 88% from about Rs 733 crore in the April to June quarter. These are its first quarterly results since the Bengaluru company listed on the stock exchanges on October 23, 2026.
Revenue from operations rose 18.3% year on year to Rs 4,599.36 crore from Rs 3,889.26 crore, and 11.7% from Rs 4,117.88 crore in the previous quarter. The loss from continuing operations rose to Rs 53.82 crore from Rs 20.57 crore, while the loss from discontinued operations fell about 16% to Rs 34.29 crore.
Zetwerk Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Revenue from operations | Rs 4,599.36 crore, up 18.3% year on year |
| Net loss | Rs 88.11 crore, against Rs 61.55 crore a year ago |
| Loss from continuing operations | Rs 53.82 crore |
| Loss from discontinued operations | Rs 34.29 crore |
| Revenue for April to September 2026 | Rs 8,717.24 crore, up 33.3% year on year |
Manufacturing and ecosystem businesses both grew in the quarter
Zetwerk reports two business segments. The manufacturing business makes custom goods for sectors such as energy, precision components and capital goods, using third-party suppliers and its own plants. The ecosystem business sells industrial commodities that customers use mainly as raw materials.
In Q2 FY27, manufacturing revenue rose 14.9% to Rs 2,546.46 crore from Rs 2,216.92 crore, about 55% of the quarter's revenue. Ecosystem revenue rose 22.8% to Rs 2,052.90 crore from Rs 1,672.34 crore. For the six months to September, total revenue rose 33.3% to Rs 8,717.24 crore from Rs 6,538.70 crore.
Zetwerk's road from founding to its first results as a listed company
| When | What happened |
|---|---|
| 2017 | Zetwerk Manufacturing Businesses is incorporated; its co-founders include Amrit Acharya and Srinath Ramakkrushnan |
| FY26 (year to March 2026) | Revenue from operations of about Rs 15,913 crore and a net loss of about Rs 1,606 crore |
| October 2026 | IPO of about Rs 5,012 crore, including a fresh issue of Rs 2,830 crore, at Rs 151 a share |
| October 23, 2026 | Shares list at Rs 159.25 on the NSE, about 5.5% above the issue price |
| November 13, 2026 | Q2 FY27 results: net loss of Rs 88.11 crore on revenue of Rs 4,599.36 crore |
Amrit Acharya on gross profit growing faster than revenue
"Our first half shows what we have been building towards. Gross profit grew faster than revenue driven by design-led products (ODM), international customers, in-house manufacturing and higher-margin categories,"
What Zetwerk said about its order wins
Zetwerk said it won new orders worth Rs 4,613 crore in Q2 FY27, up 44% year on year, and Rs 7,760 crore in the first half, up 48%. The company said its manufacturing order book grew 67% year on year and that the order book typically turns into revenue over about two years.
Where Zetwerk stands after its first quarter as a listed company
Zetwerk's quarterly revenue crossed Rs 4,599 crore, while its net loss rose to Rs 88.11 crore from Rs 61.55 crore a year earlier and fell from about Rs 733 crore in the previous quarter. The company listed on October 23, 2026 after an IPO of about Rs 5,012 crore, and it reported revenue of Rs 8,717.24 crore for the first half of FY27.
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Frequently Asked Questions
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How much did Zetwerk lose from continuing operations in Q2 FY27?
What is Zetwerk?
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How much did Zetwerk's manufacturing business earn in Q2 FY27?
How much did Zetwerk's ecosystem business earn in Q2 FY27?
What was Zetwerk's revenue for the first half of FY27?
What did Zetwerk say about new orders?
When did Zetwerk list on the stock exchanges?
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