B C C Fuba India Limited subsidiary posts Rs 75.84 lakh loss

B C C Fuba India reported that its sole subsidiary recorded a Rs 75.84 lakh total comprehensive loss for April 1 to September 30, 2026, despite generating Rs 43.24 lakh of revenue in the six-month period. The unaudited consolidated filing identifies the subsidiary as IOGEMS Technologies Private Limited and does not provide segment-level financial statements or a separate asset base.

What did B C C Fuba India disclose about its subsidiary?

B C C Fuba India disclosed that IOGEMS Technologies Private Limited generated total revenue of Rs 21.86 lakh in the quarter ended September 30, 2026 and Rs 43.24 lakh in the year-to-date period from April 1, 2026 to September 30, 2026. The figures appear in the independent reviewer’s other-matters paragraph on the unaudited consolidated results.

IOGEMS Technologies Private Limited recorded a total comprehensive loss after tax of Rs 51.89 lakh in the September 2026 quarter and Rs 75.84 lakh in the first half ended September 30, 2026. The difference indicates a Rs 23.95 lakh loss in the quarter ended June 30, 2026, calculated from the reported half-year and September-quarter amounts.

B C C Fuba India’s Annexure 1 identifies IOGEMS Technologies Private Limited as the group’s one subsidiary, with Corporate Identity Number U26109PN2025PTC247733. The filing says the subsidiary’s interim financial results and other financial information were reviewed by its respective independent auditors.

Did B C C Fuba India disclose Rs 15.30 crore of subsidiary assets?

No, B C C Fuba India did not disclose Rs 15.30 crore of assets for IOGEMS Technologies Private Limited in the supplied announcement. The reviewer disclosed only the subsidiary’s revenue of Rs 43.24 lakh and total comprehensive loss of Rs 75.84 lakh for April to September 2026, alongside September-quarter figures.

B C C Fuba India reported consolidated total assets of Rs 116.44 crore at September 30, 2026, compared with Rs 83.69 crore at March 31, 2026. That Rs 32.75 crore increase is a group-level movement and cannot be allocated to IOGEMS Technologies Private Limited because no subsidiary balance sheet or asset note is included.

The consolidated balance sheet shows property, plant and equipment of Rs 33.10 crore at September 30, 2026, up from Rs 22.57 crore at March 31, 2026, while capital work-in-progress stood at Rs 4.71 crore. Non-current assets rose to Rs 46.95 crore from Rs 25.67 crore, but the filing does not state how much of those assets, if any, belonged to the subsidiary.

How did the subsidiary loss compare with consolidated profit?

B C C Fuba India remained profitable on a consolidated basis, reporting profit after tax of Rs 7.24 crore for the six months ended September 30, 2026, against Rs 2.77 crore in the corresponding 2025 period. The group’s Rs 4.47 crore year-on-year increase contrasted with the subsidiary’s Rs 75.84 lakh total comprehensive loss in the current first half.

Revenue from operations rose to Rs 54.84 crore in April to September 2026 from Rs 32.51 crore a year earlier, while total income reached Rs 55.34 crore from Rs 32.56 crore. Total expenses increased to Rs 45.03 crore from Rs 28.62 crore, resulting in profit before tax of Rs 10.32 crore compared with Rs 3.94 crore.

B C C Fuba India allocated Rs 7.61 crore of first-half profit from continuing operations to equity holders of the parent and a Rs 37.16 lakh loss to non-controlling interests. The filing does not explain how that attribution relates to the reviewer’s separate Rs 75.84 lakh comprehensive loss disclosure for IOGEMS Technologies Private Limited, so the two figures should not be treated as interchangeable.

What changed during B C C Fuba India’s September quarter?

B C C Fuba India reported consolidated revenue from operations of Rs 29.58 crore for the quarter ended September 30, 2026, up from Rs 25.27 crore in the June 2026 quarter and Rs 17.01 crore in the September 2025 quarter. Quarterly profit after tax was Rs 3.62 crore, broadly unchanged from Rs 3.62 crore in June 2026 and above Rs 1.45 crore a year earlier.

The subsidiary’s Rs 51.89 lakh September-quarter comprehensive loss was greater than the inferred Rs 23.95 lakh loss for the June 2026 quarter. Its September-quarter revenue of Rs 21.86 lakh was slightly more than half the reported Rs 43.24 lakh first-half revenue, although B C C Fuba India did not disclose its expenses, margins, tax expense or operating profit.

At the consolidated level, cost of materials consumed rose to Rs 19.70 crore in the September quarter from Rs 15.69 crore in June 2026. Employee-benefit expense increased to Rs 2.75 crore from Rs 2.71 crore, depreciation and amortisation rose to Rs 69.08 lakh from Rs 54.48 lakh, and profit before tax increased to Rs 5.22 crore from Rs 5.09 crore.

What do cash flows show for B C C Fuba India?

B C C Fuba India reported a consolidated operating cash outflow of Rs 5.49 crore for the six months ended September 30, 2026, compared with an operating cash inflow of Rs 7.90 crore in the corresponding 2025 period. The movement included a Rs 11.17 crore increase in trade receivables and a Rs 7.33 crore increase in inventories, partly offset by a Rs 6.15 crore increase in trade payables.

Investing activities used Rs 28.25 crore in the first half, including Rs 22.33 crore spent on property, plant and equipment and Rs 35.53 crore spent on investments. Financing activities generated Rs 17.20 crore, including Rs 17.04 crore from share issuance, while cash and cash equivalents declined to Rs 94.51 lakh at September 30, 2026 from Rs 17.49 crore at March 31, 2026.

The cash-flow statement is consolidated and cannot be used to identify IOGEMS Technologies Private Limited’s funding, capital expenditure or working-capital needs. The supplied filing provides the subsidiary’s Rs 43.24 lakh first-half revenue and Rs 75.84 lakh loss, but no separate cash-flow statement, borrowings, inventory or receivables figures.

Conclusion

B C C Fuba India’s September 2026 filing shows a difference between consolidated profitability and its only disclosed subsidiary’s result. Consolidated profit after tax increased to Rs 7.24 crore from Rs 2.77 crore, while IOGEMS Technologies Private Limited reported a Rs 75.84 lakh comprehensive loss on Rs 43.24 lakh of first-half revenue. The announcement does not label that business as an electronics manufacturing services segment or disclose Rs 15.30 crore of subsidiary assets.

The next result announcement can show whether B C C Fuba India provides separate subsidiary or segment reporting after the Board approved the September 2026 unaudited results on November 6, 2026. The disclosed September-quarter subsidiary loss of Rs 51.89 lakh and revenue of Rs 21.86 lakh provide the current base for tracking subsequent revenue and profitability disclosures.