Blue Pebble reports Rs 2.29 crore September-half profit

Blue Pebble Limited reported standalone profit of Rs 2.29 crore for the half year ended September 30, 2026, compared with a Rs 26.42 lakh loss in the preceding half-year, as revenue from operations reached Rs 30.02 crore. Profit before tax was Rs 3.06 crore and total tax expense was Rs 77.07 lakh.

How did Blue Pebble’s profit change in the September half?

Blue Pebble returned to profit in the half year ended September 30, 2026, reporting Rs 2.29 crore after tax versus a Rs 26.42 lakh loss in the half year ended March 31, 2026. Profit was also above the Rs 75.27 lakh reported for the half year ended September 30, 2025, an increase of Rs 1.54 crore year on year.

Profit before tax was Rs 3.06 crore in the latest half, compared with a Rs 35.30 lakh loss before tax in the preceding half and profit before tax of Rs 1.01 crore a year earlier. Basic and diluted earnings per equity share, on a face value of Rs 10 each, were Rs 5.62, against negative Rs 0.65 in the March 2026 half and Rs 1.84 in the September 2025 half.

The September 2026 half-year profit exceeded the Rs 48.85 lakh profit reported for the full year ended March 31, 2026. While a six-month result is not directly comparable with a full year, the latest half alone produced Rs 1.80 crore more profit than the prior full-year figure.

What drove Blue Pebble’s revenue increase?

Blue Pebble’s revenue from operations rose to Rs 30.02 crore in the September 2026 half from Rs 11.14 crore in the March 2026 half and Rs 10.50 crore in the September 2025 half. Revenue increased by Rs 18.88 crore from the preceding half and by Rs 19.53 crore from the year-earlier half.

Other income was Rs 16.71 lakh, below Rs 22.09 lakh in the March 2026 half and Rs 38.16 lakh in the September 2025 half. Total income consequently stood at Rs 30.19 crore, only Rs 16.71 lakh above revenue from operations, meaning operating revenue accounted for nearly all reported income in the latest period.

The filing does not identify individual projects, customers, contract awards or an order book behind the revenue increase. It reports that Blue Pebble operates in Digital Promotions and Advertising Activities, Environmental Branding, Design and Build, and Railway Civil Construction and Tender Work, but does not provide clearly readable revenue figures for each line.

How did Blue Pebble’s costs and tax move?

Blue Pebble’s total expenses increased to Rs 27.13 crore in the September 2026 half from Rs 11.71 crore in the March 2026 half and Rs 9.87 crore in the September 2025 half. The Rs 15.41 crore sequential rise in expenses was lower than the Rs 18.88 crore increase in revenue from operations, resulting in profit before tax of Rs 3.06 crore after the preceding half’s loss.

Purchase cost was Rs 17.35 crore, employee benefits expense was Rs 3.35 crore and other expenses were Rs 3.09 crore in the latest half. Direct expense was Rs 2.16 crore, while the change in inventories of stock was Rs 51.35 lakh, finance costs were Rs 7.74 lakh and depreciation and amortisation expense was Rs 57.95 lakh.

Total tax expense was Rs 77.07 lakh, comprising current tax of Rs 74.22 lakh and deferred tax of Rs 2.85 lakh. The March 2026 half had a tax credit of Rs 8.88 lakh, while the September 2025 half had tax expense of Rs 25.31 lakh, so the movement in tax affected the change between pre-tax and after-tax results.

What does Blue Pebble disclose about its operating segments?

Blue Pebble identifies three segments under Accounting Standard 17: Digital Promotions and Advertising Activities, Environmental Branding, Design and Build, and Railway Civil Construction and Tender Work. The company’s notes state that segment reporting applies because its business falls within these three categories.

The segment statement reports total revenue from operations of Rs 30.02 crore for the half year ended September 30, 2026, compared with Rs 21.64 crore for the year ended March 31, 2026. This comparison covers six months against 12 months, but it shows that the latest half-year revenue was Rs 8.38 crore above the prior full-year revenue.

Total segment result was Rs 2.97 crore in the latest half before finance costs. After deducting finance costs of Rs 7.74 lakh and adding unallocable income of Rs 16.71 lakh, Blue Pebble reported profit before tax of Rs 3.06 crore; the supplied segment statement does not show separately readable segment revenue and profit amounts for all three businesses.

What changed in Blue Pebble’s balance sheet?

Blue Pebble’s total assets were Rs 42.07 crore as at September 30, 2026, compared with Rs 32.36 crore as at March 31, 2026. Shareholders’ funds rose to Rs 30.08 crore from Rs 27.82 crore, with share capital unchanged at Rs 4.08 crore and reserves and surplus increasing to Rs 26 crore from Rs 23.74 crore.

Current assets increased to Rs 32.10 crore from Rs 25.16 crore during the same period. Trade receivables rose to Rs 13.54 crore from Rs 10.37 crore, inventories declined to Rs 1.98 crore from Rs 2.49 crore, and cash and cash balances were Rs 7.36 crore compared with Rs 6.94 crore.

Current liabilities rose to Rs 10.05 crore as at September 30, 2026 from Rs 4.35 crore at March 31, 2026. The latest balance included Rs 2.11 crore of trade payables to micro and small enterprises, Rs 2.45 crore payable to other creditors, Rs 3.79 crore of other current liabilities and Rs 1.26 crore of short-term provisions.

Blue Pebble stated that management was in the process of identifying parties covered under micro, small and medium enterprises requirements, and that amounts were disclosed to the extent identified. The unaudited standalone results for the September half were reviewed by the audit committee and approved by the board on November 12, 2026, while the statutory auditor issued a limited review report.

Conclusion

Blue Pebble’s September 2026 standalone result reflects a move from a Rs 26.42 lakh loss in the March 2026 half to Rs 2.29 crore of profit, alongside revenue of Rs 30.02 crore. Revenue rose by more than the increase in total expenses, while current tax of Rs 74.22 lakh was the largest component of the Rs 77.07 lakh tax charge.

The next company disclosures can clarify whether management completes its identification of parties covered by micro, small and medium enterprises requirements. Future segment reporting may also show more clearly how the three disclosed operating businesses contribute to revenue and profit.