Catvision posts Rs 27.43 lakh standalone Q2 loss in September

Catvision Limited posted a standalone loss of Rs 27.43 lakh for the quarter ended September 30, 2026, reversing a Rs 49.04 lakh profit in the preceding quarter, as revenue from operations fell to Rs 5.00 crore and total expenses increased to Rs 5.42 crore. The Board approved the unaudited results on November 13, 2026.

How did Catvision perform in the September 2026 quarter?

Catvision made a standalone loss of Rs 27.43 lakh in the quarter ended September 30, 2026, against profit of Rs 49.04 lakh in the quarter ended June 30, 2026 and profit of Rs 4.97 lakh in the quarter ended September 30, 2025. No tax expense was recorded for the September 2026 quarter, leaving profit before tax and profit for the period at the same Rs 27.43 lakh loss.

Revenue from operations was Rs 5.00 crore, compared with Rs 5.23 crore in the preceding quarter and Rs 5.34 crore a year earlier. Other income was Rs 14.20 lakh, down from Rs 50.03 lakh in the June 2026 quarter and compared with Rs 12.51 lakh in the September 2025 quarter. Total revenue, including other income, was Rs 5.14 crore versus Rs 5.73 crore in June.

Total expenses were Rs 5.42 crore in the September quarter, compared with Rs 5.24 crore three months earlier and Rs 5.42 crore a year earlier. The difference between total revenue and total expenses changed from a Rs 49.04 lakh surplus in June 2026 to a Rs 27.43 lakh deficit in September 2026.

Why did Catvision move from profit to a quarterly loss?

Catvision moved to a quarterly loss because total expenses exceeded total revenue by Rs 27.43 lakh in September 2026, whereas total revenue exceeded expenses by Rs 49.04 lakh in June 2026. Revenue from operations declined by Rs 22.30 lakh between the two quarters, while total expenses rose by Rs 18.34 lakh.

Consumption of materials and services rose to Rs 2.87 crore from Rs 2.51 crore in the June quarter, an increase of Rs 35.78 lakh. Purchases of stock-in-trade increased to Rs 1.22 crore from Rs 1.17 crore, while employee benefits expense was Rs 99.21 lakh, slightly below Rs 1.00 crore in the preceding quarter.

Changes in inventories provided a credit of Rs 42.62 lakh in the September quarter, compared with a credit of Rs 20.35 lakh in June. That benefit did not offset the increased materials consumption and purchases: other expenditure was Rs 62.45 lakh against Rs 62.16 lakh, depreciation and amortisation was Rs 13.01 lakh against Rs 12.87 lakh, and finance cost was Rs 69,000 against Rs 27,000.

Other income declined by Rs 35.83 lakh quarter on quarter, to Rs 14.20 lakh from Rs 50.03 lakh. Against the September 2025 quarter, operating revenue fell by Rs 34.07 lakh, employee benefits expense rose by Rs 7.37 lakh, and the result moved from a Rs 4.97 lakh profit to a Rs 27.43 lakh loss.

What do Catvision's first-half results show?

Catvision reported standalone profit of Rs 21.61 lakh for the half year ended September 30, 2026, compared with Rs 6.15 lakh in the corresponding half of 2025. The first-half profit increased even though revenue from operations fell to Rs 10.23 crore from Rs 11.17 crore a year earlier.

Other income was Rs 64.23 lakh in the half year, more than double the Rs 26.21 lakh reported in the prior-year half. The other-income amount exceeded Catvision's reported first-half profit of Rs 21.61 lakh, while the filing showed no tax expense for either half-year comparison.

Total expenses declined to Rs 10.65 crore from Rs 11.37 crore in the prior-year half, a reduction of Rs 71.90 lakh. Total revenue fell by Rs 56.44 lakh to Rs 10.87 crore, but the reduction in expenses and the Rs 38.02 lakh increase in other income left profit before tax at Rs 21.61 lakh, compared with Rs 6.15 lakh.

The cost mix changed across the two half-year periods. Materials and services consumed were Rs 5.38 crore, compared with Rs 5.35 crore a year earlier, while employee benefits expense rose to Rs 2.00 crore from Rs 1.76 crore. Inventory changes were a credit of Rs 62.98 lakh in the 2026 half year, compared with an expense of Rs 31.95 lakh in the prior-year half.

What happened to Catvision's cash flow and balance sheet?

Catvision used Rs 1.16 crore in operating activities during the half year ended September 30, 2026, following net cash generation of Rs 70.50 lakh in the year ended March 31, 2026. The two periods are not like-for-like, but the half-year statement records cash generated from operations of negative Rs 1.16 crore and no direct taxes paid.

Working-capital movements included a Rs 58.42 lakh increase in inventories, a Rs 43.72 lakh increase in short-term loans and advances, and a Rs 22.77 lakh increase in other current assets. Trade payables fell by Rs 1.55 crore, while other current liabilities increased by Rs 1.30 crore; operating profit before working-capital changes was negative Rs 2.09 lakh.

Investing activities generated Rs 72.25 lakh during the half year, including Rs 87.16 lakh from investments in financial instruments and Rs 10.24 lakh of capital expenditure. Financing activities used Rs 4.47 lakh, comprising Rs 3.51 lakh of long-term lease-liability repayment and Rs 96,000 of finance costs.

Cash and cash equivalents stood at Rs 1.69 crore on September 30, 2026, down from Rs 2.17 crore on April 1, 2026, a decrease of Rs 40.42 lakh. Total standalone assets were Rs 29.72 crore at September 30, compared with Rs 29.65 crore at March 31, while total equity increased to Rs 22.57 crore from Rs 22.35 crore and total liabilities declined to Rs 7.15 crore from Rs 7.30 crore.

Conclusion

Catvision's September-quarter loss followed lower operating revenue, lower other income and higher total expenses than in the June quarter. The first-half profit of Rs 21.61 lakh was higher than the Rs 6.15 lakh reported a year earlier, but it came alongside a Rs 94.47 lakh decline in revenue from operations and Rs 1.16 crore of operating cash use.

The filing discloses no management revenue target, turnaround plan or capital programme. The unresolved issue for the next results disclosure is whether revenue from operations can improve from Rs 5.00 crore and whether inventory, receivables, advances and payable movements can reduce the operating cash outflow recorded for the half year ended September 30, 2026.