CCME Global posts Rs 48.18 lakh first-half loss as costs rise

CCME Global Limited (Formerly known as Genesis IBRC India Limited) reported a Rs 48.18 lakh net loss for the half year ended September 30, 2026, as total expenses of Rs 92.47 lakh exceeded total income of Rs 44.29 lakh. Operating activities used Rs 6.8779 crore of cash during the six-month period, compared with Rs 7.76 lakh generated a year earlier.

Why did CCME Global report a Rs 48.18 lakh first-half loss?

CCME Global reported a Rs 48.18 lakh loss before tax and net loss for the half year ended September 30, 2026, compared with a Rs 18.28 lakh loss in the half year ended September 30, 2025. The company recorded no current or deferred tax expense in either period, leaving the pre-tax and post-tax loss unchanged.

Total income reached Rs 44.29 lakh in the six months to September 2026, against nil income in the corresponding 2025 period. Income from operations was Rs 22.63 lakh and other income was Rs 21.66 lakh. In the September 2026 quarter, income from operations was Rs 22.63 lakh, while the June 2026 quarter reported Rs 0.05 lakh of other income and no operational income.

Basic and diluted loss per share was Rs 0.11 for the September 2026 half year, compared with Rs 0.14 a year earlier, although the absolute loss increased. Paid-up equity share capital was Rs 45.25 crore at September 30, 2026, versus Rs 13 crore in the September 2025 comparative period. CCME Global stated that half-year earnings per share were not annualised.

Which costs increased during CCME Global's first half?

CCME Global's expenses increased to Rs 92.47 lakh in the half year ended September 30, 2026 from Rs 18.28 lakh a year earlier. Other expenses were Rs 46.22 lakh, purchase of stock-in-trade was Rs 22.10 lakh, employee benefits expense was Rs 18.89 lakh, depreciation was Rs 4.64 lakh and finance cost was Rs 0.62 lakh.

The largest change from the prior-year half year was in other expenses, which rose from Rs 9.28 lakh to Rs 46.22 lakh. Employee benefits increased from Rs 9 lakh to Rs 18.89 lakh, while the Rs 22.10 lakh purchase of stock-in-trade had no comparable amount in the half year ended September 30, 2025.

The quarter ended September 30, 2026 accounted for Rs 66 lakh of the six-month expense total and recorded a Rs 21.76 lakh loss. Its costs included Rs 29.07 lakh of other expenses, Rs 22.10 lakh of stock purchases and Rs 12.20 lakh of employee benefits. The June 2026 quarter recorded a Rs 26.42 lakh loss on expenses of Rs 26.47 lakh and income of Rs 0.05 lakh.

What caused CCME Global's operating cash outflow?

CCME Global used Rs 6.8779 crore in operating activities in the half year ended September 30, 2026, compared with Rs 7.76 lakh generated in the prior-year half year. The cash-flow statement starts with a Rs 48.19 lakh pre-tax loss, includes Rs 4.64 lakh of depreciation, and reports a Rs 43.55 lakh movement in current assets and liabilities before the stated operating outflow.

The largest disclosed movement was a Rs 5.1901 crore decrease in other current liabilities. Other current assets increased by Rs 1.6257 crore and trade receivables increased by Rs 2.66 lakh, while loans and advances declined by Rs 40.63 lakh. Trade payables fell by Rs 0.64 lakh during the September 2026 half year.

Investing activities used Rs 0.92 lakh through an increase in investments, and the cash-flow statement reported no financing cash flow in either half-year period. Net cash and cash equivalents declined by Rs 6.8871 crore from an opening balance of Rs 37.3601 crore to Rs 30.4730 crore at September 30, 2026. That closing cash-flow balance comprised Rs 30.4715 crore in current-account bank balances and Rs 0.14 lakh in cash in hand.

What did CCME Global's September 2026 balance sheet show?

CCME Global reported total assets of Rs 39.8963 crore at September 30, 2026, down from Rs 45.5747 crore at March 31, 2026 on a restated basis. Current assets declined to Rs 39.625 crore from Rs 45.3058 crore, including cash and cash equivalents of Rs 30.4729 crore on the balance sheet, versus Rs 37.3601 crore at March 31.

Loans and advances were Rs 7.4613 crore at September 30, compared with Rs 7.8676 crore at March 31. Other current assets increased to Rs 1.6642 crore from Rs 7.81 lakh, while trade receivables were Rs 2.66 lakh compared with nil. Non-current assets totalled Rs 27.14 lakh, including a Rs 22.40 lakh right-of-use asset.

Total equity fell to Rs 39.5855 crore at September 30 from Rs 40.0673 crore at March 31, while paid-up equity share capital stayed at Rs 45.25 crore. Other equity moved to negative Rs 5.6645 crore from negative Rs 5.1827 crore. Current liabilities declined to Rs 31.08 lakh from Rs 5.5073 crore, including other current liabilities of Rs 7.71 lakh against Rs 5.2284 crore.

How did the lease-accounting restatement affect CCME Global?

CCME Global restated its March 31, 2026 comparative financial information after identifying an unrecognised right-of-use asset and lease liability under Indian Accounting Standard 116, or Ind AS 116. The matter related to a leave-and-license agreement for business premises effective March 15, 2026, as well as fair-value measurement of an interest-free refundable security deposit under Ind AS 109.

The correction added a Rs 26.89 lakh right-of-use asset and a Rs 26.31 lakh lease liability at March 31, 2026. It reduced the security deposit to Rs 3.86 lakh from Rs 4.50 lakh. The restated loss for the year ended March 31, 2026 increased by Rs 0.06 lakh to Rs 71.53 lakh.

The annual adjustment reflected Rs 0.42 lakh of depreciation and Rs 0.06 lakh of finance cost, partly offset by reversal of Rs 0.41 lakh of rent expense and recognition of Rs 0.01 lakh of interest income. Desai Saksena & Associates issued its limited-review conclusion on November 14, 2026, stating that nothing had come to its attention to indicate a material misstatement in the unaudited standalone results.

Conclusion

CCME Global's half-year results show that Rs 44.29 lakh of income did not cover Rs 92.47 lakh of costs, producing a Rs 48.18 lakh loss for the period ended September 30, 2026. The larger cash movement was the Rs 6.8779 crore operating outflow, driven principally by changes in current assets and liabilities, while the balance sheet retained cash and cash equivalents of about Rs 30.47 crore.

The next reported periods may show the financial effect of acquisitions completed after September 30, 2026. CCME Global disclosed that Interlink Distribution LLC became a 52% subsidiary on October 28, 2026, while Cash & Carry Middle East FZCO became a 51% subsidiary on November 14, 2026; the latter transaction included Rs 15 crore of cash consideration alongside a share swap.