Algoquant Fintech cash falls to Rs 2.85 crore in H1 2026

Algoquant Fintech Limited ended the half year to 30 September 2026 with cash and cash equivalents of Rs 2.85 crore, down from Rs 26.73 crore at 31 March 2026, after Rs 16.06 crore of operating outflow and Rs 17.67 crore of investing outflow exceeded a Rs 9.84 crore financing inflow.

Why did Algoquant Fintech's cash equivalents fall in H1 2026?

Algoquant Fintech's cash equivalents fell because its operating and investing uses exceeded cash generated through financing in the half year ended 30 September 2026. The company reported a net decrease of Rs 23.88 crore, reducing cash and cash equivalents from Rs 26.73 crore at the beginning of the financial year to Rs 2.85 crore at period-end.

The movement contrasted with the half year ended 30 September 2025, when Algoquant Fintech reported a Rs 5.20 crore net increase in cash equivalents and closed with Rs 7.62 crore. The opening cash-equivalent balance for the 2026 period, at Rs 26.73 crore, was higher than the Rs 2.42 crore opening balance in the comparable prior-year period.

Cash equivalents are reported separately from bank balances other than cash and cash equivalents. Those other bank balances increased by Rs 70.58 crore during the six months to Rs 200.58 crore, while the cash-equivalent balance declined by Rs 23.88 crore. The filing therefore shows a change in the composition of reported monetary balances rather than a fall in every reported bank balance.

How did Algoquant Fintech's operating cash flow change?

Algoquant Fintech moved from a Rs 22.97 crore operating cash inflow in the half year ended 30 September 2025 to a Rs 16.06 crore operating cash outflow in the 2026 half year. Operating profit before working-capital changes was Rs 17.82 crore, compared with Rs 74.01 crore a year earlier, and cash used in operations was Rs 8.89 crore against cash generated from operations of Rs 25.50 crore in the prior period.

The largest stated working-capital cash use was the Rs 70.58 crore increase in bank balances other than cash and cash equivalents. Other stated uses included a Rs 15.61 crore increase in other financial assets, a Rs 3.42 crore reduction in trade payables and a Rs 1.47 crore increase in trade receivables. These movements were partly offset by a Rs 68.06 crore increase in other financial liabilities.

Income taxes paid rose to Rs 7.17 crore from Rs 2.53 crore in the comparable half year. Algoquant Fintech reported profit before tax of Rs 30.05 crore for the six months, compared with Rs 15.46 crore a year earlier, but its operating cash flow reflected non-cash adjustments, working-capital changes and tax payments rather than profit before tax alone.

What used Algoquant Fintech's investing cash in H1 2026?

Algoquant Fintech used Rs 17.67 crore in investing activities during the half year ended 30 September 2026, compared with Rs 14.71 crore in the prior-year period. Net purchases of investments were Rs 11.55 crore, lower than Rs 13.42 crore a year earlier, meaning the increase in total investing outflow came from other disclosed uses.

The company gave loans of Rs 3.20 crore during the period, while no amount was reported under that line in the comparable 2025 half year. Purchases of property, plant and equipment and intangible assets increased to Rs 3.00 crore from Rs 1.39 crore. Proceeds from the sale of property, plant and equipment were Rs 0.58 lakh, while interest income on loans was Rs 7.56 lakh.

Investments on the consolidated balance sheet rose to Rs 75.06 crore at 30 September 2026 from Rs 53.60 crore at 31 March 2026. Loans increased to Rs 11.35 crore from Rs 8.15 crore, and derivative financial instruments rose to Rs 15.26 crore from Rs 2.59 crore. The filing does not provide a transaction-by-transaction reconciliation between every balance-sheet movement and the investing cash-flow lines.

How did Algoquant Fintech fund its balance-sheet expansion?

Algoquant Fintech generated Rs 9.84 crore from financing activities, supported by net proceeds from borrowings of Rs 13.94 crore in the half year ended 30 September 2026. In the corresponding 2025 period, it reported net repayment of borrowings of Rs 0.77 crore and a total financing cash outflow of Rs 3.05 crore.

Borrowings increased to Rs 44.77 crore at 30 September 2026 from Rs 30.83 crore at 31 March 2026, broadly matching the cash-flow statement's Rs 13.94 crore net borrowing proceeds. Interest paid on borrowings was Rs 3.43 crore, up from Rs 1.51 crore a year earlier, while payments of lease liabilities were Rs 66.72 lakh, compared with Rs 77.55 lakh.

Total assets increased to Rs 374.34 crore from Rs 275.19 crore, while total liabilities rose to Rs 217.51 crore from Rs 140.72 crore. Other financial liabilities increased to Rs 156.42 crore from Rs 85.83 crore, whereas trade payables due to creditors other than micro and small enterprises fell to Rs 4.98 crore from Rs 8.41 crore. Total equity rose to Rs 156.83 crore from Rs 134.47 crore, alongside half-year profit of Rs 22.36 crore.

Algoquant Fintech identifies trading in financial instruments and stock-broking as its only operating segment. Its unaudited consolidated results for the quarter and half year ended 30 September 2026 were approved by the board on 14 November 2026, and the independent auditor's review stated that nothing had come to its attention indicating a material misstatement or inadequate required disclosure.

Conclusion

Algoquant Fintech's reported cash-equivalent balance declined sharply to Rs 2.85 crore at 30 September 2026 because the Rs 9.84 crore financing inflow did not offset combined operating and investing cash outflows of Rs 33.73 crore. At the same time, bank balances other than cash equivalents, investments, total assets, liabilities and borrowings all increased during the six-month period.

The filing discloses no cash-balance target, borrowing repayment plan or future financing timetable after the 14 November 2026 approval. The next reported financial update should show whether operating cash flow, which changed from a Rs 22.97 crore inflow in the 2025 half year to a Rs 16.06 crore outflow, reverses and how the Rs 44.77 crore borrowing balance develops.