According to the latest unaudited financial results approved by the Board of Directors on August 12, 2026, Oscar Global reported a net loss of ₹1.44 lakh for Q1FY27, representing a significant improvement from the net loss of ₹3.09 lakh recorded during the corresponding quarter of the previous financial year. The company continues to operate without any revenue-generating activities, with total income restricted to other income of ₹3.94 lakh. This financial performance reflects the ongoing transition phase following a complete change in promoter shareholding and management control during FY25-26, as highlighted in the auditor's emphasis of matter.
As reported in the latest financial results, Oscar Global reported no revenue from operations during the quarter ended June 30, 2026, which was also the case during the corresponding quarter of the previous financial year. The company continues to rely solely on other income of ₹3.94 lakh to offset its fixed costs, indicating it remains in a developmental or transition phase during this period. The paid-up equity share capital remained unchanged at ₹329.18 lakh, indicating no fresh equity infusion during the quarter.
The net loss narrowing from ₹3.09 lakh to ₹1.44 lakh year-on-year is primarily attributable to a significant reduction in employee benefits expense, which fell from ₹2.64 lakh to ₹0.77 lakh during the current quarter. Total expenses stood at ₹5.38 lakh, driven primarily by other expenses of ₹4.61 lakh and employee benefits expense of ₹0.77 lakh. The earnings per share stood at a loss of ₹0.04, improving from a loss of ₹0.09 in the prior year quarter, indicating better cost management under the new management regime.
In addition to the financial results, the Board of Directors approved a change in designation for Gopal Bhattar (DIN: 07465307), moving him from non-executive non-independent director and CFO to Whole Time Director. This appointment is subject to approval by shareholders at the upcoming 35th Annual General Meeting. The auditor's emphasis of matter noted the complete change in promoter shareholding during FY25-26 via Share Purchase Agreements dated September 30, 2025, and the subsequent resignation of erstwhile promoters and independent directors in April 2026. Despite the lack of significant revenue-generating operations, the financial results were prepared on a going-concern basis, based on the new management's future business plans.
Given the reliance on other income to offset costs and the absence of core operations, the primary sources of other income and their sustainability remain key factors for the company's future performance. The company's depreciation and amortisation expense was nil for the current quarter, compared to ₹0.03 lakh in the previous quarter ended March 31, 2026. The financial results were prepared on a going-concern basis, based on the new management's future business plans, suggesting the company is positioning itself for potential operational activities in the coming quarters.
