Bombay Potteries Q2 profit relied on Rs 1.93 crore income

Bombay Potteries and Tiles Limited reported a Rs 1.65 crore net profit for the quarter ended September 30, 2026, funded by Rs 1.93 crore of other income while net sales from operations were nil. Bombay Potteries also reported that short-term borrowings fell from Rs 1.82 crore on March 31, 2026 to nil at September 30.

Why did Bombay Potteries make a profit with nil sales?

Bombay Potteries made its September 2026 quarterly profit because Rs 1.93 crore of other income exceeded total expenses of Rs 28 lakh, while net sales or income from operations remained nil. The company reported profit before tax and exceptional items of Rs 1.65 crore, no exceptional items and no current or deferred tax, resulting in reported net profit of Rs 1.65 crore.

The filing does not identify the underlying source of the Rs 1.93 crore other-income item. That matters because other income was nil in the quarter ended June 30, 2026 and Rs 1.80 lakh in the quarter ended September 30, 2025, whereas net sales were nil in each of those three quarters. Material costs, purchases of stock in trade and inventory changes were also nil in the September 2026 quarter.

Employee cost was Rs 6.68 lakh in the September 2026 quarter, compared with Rs 6.43 lakh in June 2026 and Rs 5.68 lakh a year earlier. Other expenditure rose to Rs 14.66 lakh from Rs 38,000 in the preceding quarter and Rs 3.66 lakh a year earlier, while finance cost was Rs 6.65 lakh after being nil in both comparison quarters.

How did Bombay Potteries' result change from earlier periods?

Bombay Potteries moved from a Rs 6.81 lakh net loss in the June 2026 quarter to a Rs 1.65 crore profit in the September 2026 quarter, while its September 2025 quarter had produced a Rs 7.54 lakh profit. The principal reported change was other income rising to Rs 1.93 crore, with operating sales remaining nil through all three periods.

For the half year ended September 30, 2026, Bombay Potteries reported net profit of Rs 1.55 crore, up from Rs 15.04 lakh in the corresponding 2025 half year. Half-year other income rose to Rs 1.93 crore from Rs 31.80 lakh, while total expenses increased to Rs 38.06 lakh from Rs 16.76 lakh. The filing showed no operating sales in either half-year period.

Basic and diluted earnings per share, not annualised, were Rs 126.97 for the September 2026 quarter and Rs 119.23 for the half year, against a Rs 5.24 loss per share in the June 2026 quarter. The September 2025 quarterly comparative is printed as negative Rs 5.80 per share despite the reported Rs 7.54 lakh net profit, creating an inconsistency within the results table that the filing does not explain.

The results table also reports Rs 1.45 crore of total comprehensive income for the September 2026 quarter, although it shows Rs 1.65 crore net profit and nil other comprehensive income. Bombay Potteries did not provide a reconciliation for that Rs 20 lakh difference. Paid-up equity share capital was unchanged at Rs 1.30 crore in the quarterly and half-year columns.

What changed on Bombay Potteries' balance sheet?

Bombay Potteries returned to positive total equity of Rs 65.47 lakh at September 30, 2026, compared with negative Rs 89.53 lakh at March 31, 2026. Other equity improved to negative Rs 64.53 lakh from negative Rs 2.20 crore, while equity share capital remained Rs 1.30 crore.

Short-term borrowings were nil at September 30, 2026, versus Rs 1.82 crore at March 31, 2026. Total current liabilities fell to Rs 5.11 lakh from Rs 1.95 crore, including trade payables declining to Rs 1.03 lakh from Rs 8.70 lakh. Other current liabilities were Rs 4.08 lakh, compared with Rs 4.01 lakh six months earlier.

Total assets declined to Rs 89.58 lakh from Rs 1.25 crore, but the asset mix changed. Current assets increased to Rs 54.50 lakh from Rs 11.29 lakh as cash and cash equivalents rose to Rs 30.45 lakh from Rs 4.55 lakh and other current assets rose to Rs 24.05 lakh from Rs 6.74 lakh.

Non-current assets fell to Rs 35.08 lakh from Rs 1.13 crore, chiefly because other financial assets declined to nil from Rs 1.03 crore. Other non-current assets rose to Rs 34 lakh from Rs 9 lakh, while property, plant and equipment stayed at Rs 83,000 and investments remained Rs 25,000. Non-current liabilities were unchanged at Rs 19 lakh.

How did cash flows and the review report qualify the results?

Bombay Potteries reported Rs 1.05 crore of net cash from operating activities for the period ended September 30, 2026, compared with Rs 5.14 lakh for the comparable 2025 period. The cash-flow statement is headed as covering the quarter ended September 30, 2026, but it uses an April 1, 2026 opening cash balance, consistent with the six-month balance-sheet comparison.

The cash-flow statement starts with Rs 1.55 crore of profit before tax and extraordinary items. It records a Rs 25 lakh increase in non-current assets, a Rs 17.32 lakh increase in other current assets and a Rs 7.67 lakh decrease in trade payables before arriving at Rs 1.05 crore of operating cash generation. Direct taxes paid were not shown.

Financing activities used Rs 79.19 lakh of cash, including Rs 1.82 crore of short-term borrowing repayment, partly offset by Rs 1.03 crore described as proceeds from other financial asset. Closing cash was Rs 30.44 lakh in the cash-flow statement, while the balance sheet reports Rs 30.45 lakh, a Rs 1,000 difference not reconciled in the filing.

JPKD & CO LLP conducted a limited review of the unaudited standalone results dated November 12, 2026 and said nothing had come to its attention indicating a material misstatement or disclosure failure. Bombay Potteries also said it operates in a single segment and disclosed that leave-and-licence fees omitted from the June 2026 quarter were accounted for in the September 2026 quarter, with Q2 expense including six months of rent.

Conclusion

Bombay Potteries' September 2026 profit, positive equity and elimination of short-term borrowings marked a substantial change from March 31, 2026. However, the reported Rs 1.65 crore quarterly profit did not come from operating sales, which remained nil, and instead depended on Rs 1.93 crore of unspecified other income.

The next results should show whether Bombay Potteries can generate operating sales after reporting nil sales through the half year ended September 30, 2026. Readers should also watch for disclosure on the composition and recurrence of other income, the effect of the six-month leave-and-licence expense accounting, and explanations for the differences in comprehensive income, earnings per share and closing cash figures.