Callista Industries Q2 Revenue Is ₹11.06 Crore, Loss ₹0.68 Crore

Callista Industries Ltd reported consolidated revenue of ₹11.06 crore for the quarter ended September 30, 2026, while its net loss stood at ₹0.68 crore following the consolidation of its newly acquired subsidiary. The board approved the unaudited Q2 and half-year results on November 14, 2026, along with an unmodified limited review report.

What did Callista Industries report in Q2 FY27?

Callista Industries reported total consolidated income of ₹11.11 crore in Q2 FY27, comprising ₹11.06 crore of revenue and ₹0.05 crore of other income. The company recorded a consolidated net loss of ₹0.68 crore, translating into a loss per share of ₹0.68 for the quarter.

For the first half of FY27, the consolidated net loss was ₹0.89 crore. The quarterly consolidated numbers reflect the inclusion of Callista Enterprises, formerly Sadguru Flexibles Packaging, from August 14, 2026. As a result, the company said that prior-period comparisons are not comparable with the current consolidated results.

On a standalone basis, Callista Industries reported total income of ₹0.05 crore in Q2, entirely comprising other income. Standalone expenses were ₹0.25 crore, resulting in a net loss of ₹0.20 crore. The standalone loss for the first half was ₹0.41 crore.

Why are the consolidated figures not comparable with earlier periods?

The consolidated figures are not comparable with earlier periods because Callista Enterprises was consolidated from August 14, 2026. Callista Industries owns 100% of the subsidiary, which was previously named Sadguru Flexibles Packaging.

Callista Enterprises reported revenue of ₹11.06 crore and a loss of ₹0.40 crore for the first half ended September 30, 2026, according to the disclosed details. This means the subsidiary accounted for the reported operating revenue in the consolidated statement, while the parent company's standalone income remained limited to other income.

The acquisition also added balance-sheet items to the consolidated accounts. Goodwill was reported at ₹3.88 crore, inventory at ₹11.76 crore, trade receivables at ₹7.39 crore and trade payables at ₹17.74 crore. Consolidated total assets stood at ₹29.50 crore at the end of the reporting period.

What did the auditor and board say about the results?

The board of Callista Industries approved the unaudited standalone and consolidated financial statements for the quarter and half year ended September 30, 2026, at its meeting on November 14, 2026. The meeting had initially been scheduled for November 6 and was rescheduled because of the non-availability of directors.

BKG & Associates issued an unmodified limited review report on the disclosed results. The review report stated that it did not identify material misstatements in the financial information, based on the procedures performed for a limited review.

An unmodified limited review does not indicate profitability or validate a business strategy. It means the auditor did not find a material departure from the applicable financial reporting framework in the financial information reviewed. The company remains loss-making on both consolidated and standalone bases for the reported quarter.

How has Callista Industries' capital structure changed?

Callista Industries' paid-up capital increased to ₹10 crore from ₹6.74 crore as of June 2026, following BSE approval for shares and convertible warrants issued on a private-placement basis. The company also reported ₹4.70 crore of share warrants pending allotment.

The standalone balance sheet included an investment of ₹3.98 crore in the subsidiary and loans given of ₹7.56 crore. These items are relevant for investors because the operating activity reported in the consolidated accounts is now linked to the acquired subsidiary, while the parent entity itself reported no revenue from operations during the quarter.

The company had also reported no income from operations in Q1 FY27 and a standalone net loss of ₹0.21 crore. The Q2 standalone result continued to show limited operating activity at the parent level, although the group-level accounts now include the packaging subsidiary's financial performance.

How do the Q2 results affect investors and operations?

For investors, the principal change in the Q2 disclosures is the shift from a standalone company with no reported operating revenue to a consolidated group reporting ₹11.06 crore of revenue. However, the addition of revenue has not yet resulted in consolidated profitability, with the Q2 net loss at ₹0.68 crore and the half-year loss at ₹0.89 crore.

The acquisition has also brought sizeable working-capital balances into the consolidated financial statements. Inventory of ₹11.76 crore, receivables of ₹7.39 crore and payables of ₹17.74 crore indicate that the subsidiary's operating cycle and collection profile will be relevant to future group disclosures.

The reported figures should be read with the stated lack of comparability. Since consolidation began only on August 14, 2026, the Q2 and H1 numbers do not provide a like-for-like basis against earlier standalone periods. The unmodified limited review provides assurance on the reviewed financial information, but the reported losses remain the key financial outcome for the period.

Conclusion

Callista Industries' Q2 FY27 results show ₹11.06 crore of consolidated revenue after the acquisition of Callista Enterprises, but also a consolidated net loss of ₹0.68 crore. The parent company's standalone operations remained limited, reporting ₹0.05 crore of other income and a ₹0.20 crore loss, while the auditor issued an unmodified limited review report.

Investors will next watch subsequent financial disclosures for the performance of Callista Enterprises after a full quarter of consolidation, movement in inventory, receivables and payables, and progress toward reducing group losses. The company has also disclosed ₹4.70 crore of warrants pending allotment, making future capital changes another item to monitor.