TalwalkarsQ2 FY27 Results & Financial Update

Talwalkars: Q2 FY27 standalone results and company financials – revenue ₹0.00 Cr, PAT ₹-3.03 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: TALWALKARSPublished 14 Oct 2026Updated 14 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹0.00 CrReported Q2 FY27
Profit after tax₹-3.03 CrReported Q2 FY27
EPS₹-0.98Reported Q2 FY27

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Quarterly Results AnalysisExplore Talwalkars Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

During the quarter ended September 30, 2026 (Q2 FY27), Talwalkars reported zero operational revenue on a standalone basis, continuing a prolonged period of commercial inactivity.

02

Total income for the quarter stood at zero, reflecting the absence of active membership renewals, new club openings, or supplementary service streams in the reporting period.

03

The company registered a standalone net loss after tax (PAT) of INR 3.03 crore for Q2 FY27, matching its profit before tax (PBT) since no tax expenses were incurred during the quarter.

04

Basic and diluted earnings per share (EPS) for the quarter settled at negative INR 0.98, calculated on the company's stated equity structure.

05

Depreciation and amortization expenses accounted for INR 2.70 crore of the quarter's total costs, representing the steady wear or write-down of remaining capitalized asset values on the books.

06

Finance costs and provisions for the quarter were reported as zero, while other income contributed nothing to offset ongoing operational pressures.

07

The absence of comparable prior-period figures in the structured filing limits historical sequential or annual analysis, though the current figures illustrate a continuing state of financial distress and lack of operating momentum.

08

Talwalkars reported zero operational revenue for the second quarter of fiscal 2027 on a standalone basis, reflecting the continued dormancy or absence of active commercial fitness operations in the entity's reported scope.

01 · Business model

What does Talwalkars do?

Talwalkars operates in the health, fitness, and wellness sector, historically offering gym memberships, health-club facilities, weight-loss programmes, and specialized fitness training services across various locations in India.

The company's traditional operating model relies on physical facility access, memberships, and personal training packages. In recent periods, the standalone entity has experienced severe operational contractions, resulting in zero reported top-line revenue during Q2 FY27.

As a standalone entity, the business now functions with minimal commercial activity while carrying ongoing overhead and regulatory compliance burdens. The current operational structure reflects an absence of active revenue streams, leaving overhead expenses and asset depreciation as the primary active line items on the financial statements.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ2 FY27
Revenue from operations₹0.00 Cr
Total income₹0.00 Cr
Profit before tax₹-3.03 Cr
Profit after tax₹-3.03 Cr
EPS₹-0.98

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Zero Operating Revenue

The standalone financial statement reports zero revenue from operations for Q2 FY27, underlining the absence of commercial inflows from fitness centers or related services.

Null Total Income

Total income for the quarter was reported at INR 0 crore, with no supplemental interest income or other operating receipts supplementing the top line.

What drove margins

Depreciation Pressure

Depreciation and amortization charges stood at INR 2.70 crore during Q2 FY27, constituting a significant portion of the total net loss given the complete absence of operating revenue.

Zero Top-Line Generation

With zero revenue and zero total income recorded for the quarter, any ongoing expenses directly translate into net losses without revenue cushioning.

Depreciation Impact

Depreciation and amortisation expenses of INR 2.6985 crore constituted the substantial portion of the quarter's total expenses, driving the net loss in the absence of operating revenue.

Zero Finance Cost

Finance costs were reported at nil for the quarter, insulating the bottom-line from active interest burdens during the period.

04 · Pressure points & risks

What is not going smoothly

Zero Operational Revenue

The standalone filing reveals zero revenue and zero total income for Q2 FY27, underscoring severe business inactivity.

Continuous Net Losses

The company posted a standalone net loss of INR 3.03 crore for the quarter, driven primarily by asset depreciation and overhead charges.

Ongoing Net Losses

The company incurred a net loss of INR 3.0303 crore for Q2 FY27 driven by continuing fixed charges such as depreciation against zero operating revenue.

Persistent Operational Inactivity

The continuation of zero revenue combined with recurring net losses of INR 3.0303 crore highlights ongoing structural stress and lack of core business activity.

Persistent Net Losses

The company sustained a net loss of INR 3.0303 crore in Q2 FY27 alongside zero revenue generation and negative EPS of INR 0.98.

05 · Items worth noticing

The line items that can distort a quick read

Zero Income and Revenue

The complete lack of revenue or other income combined with INR 2.70 crore in depreciation highlights an unusual operating profile where expenses continue in the total absence of commercial turnover.

06 · Beyond the numbers

What changed beyond the numbers

Reported update

Standalone Filing Status

The financial results for Q2 FY27 were submitted as an unaudited standalone XBRL filing through the official exchange mechanism.

07 · Key Q&A

The quarter, answered directly

What does Talwalkars do?

Talwalkars operates in the health, fitness, and wellness sector, historically offering gym memberships, health-club facilities, weight-loss programmes, and specialized fitness training services across various locations in India.

What is the clearest takeaway from Q2 FY27?

During the quarter ended September 30, 2026 (Q2 FY27), Talwalkars reported zero operational revenue on a standalone basis, continuing a prolonged period of commercial inactivity.

What drove revenue or demand?

The standalone financial statement reports zero revenue from operations for Q2 FY27, underlining the absence of commercial inflows from fitness centers or related services.

What mattered most for margins or profitability?

Depreciation and amortization charges stood at INR 2.70 crore during Q2 FY27, constituting a significant portion of the total net loss given the complete absence of operating revenue.

What changed operationally beyond the headline numbers?

The financial results for Q2 FY27 were submitted as an unaudited standalone XBRL filing through the official exchange mechanism.

What are the main pressure points disclosed for the quarter?

The standalone filing reveals zero revenue and zero total income for Q2 FY27, underscoring severe business inactivity.

08 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

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Profit change vs base₹0 cr (0%)
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

09 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Operational Revitalization: Monitor whether management introduces any active business plans or revenue-generating operations in future quarters.

  2. 02

    Asset Base Realization: Track future disclosures for potential asset monetizations, debt resolutions, or further depreciation adjustments against remaining capitalized assets.

  3. 03

    Operational Revival: Monitor future exchange filings for any resumption of commercial operations, revenue generation, or corporate restructuring updates.

  4. 04

    Financial Stability and Debt Status: Track subsequent quarterly filings for changes in liability structures, contingent obligations, or creditor resolutions affecting the standalone entity.

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