Indag Rubber electronics revenue reaches Rs 25.87 crore

Indag Rubber Limited reported Rs 25.87 crore of revenue from electronics including green-energy storage in the half year ended 30 September 2026, compared with Rs 20.20 lakh a year earlier, and recorded Rs 0.40 lakh of segment profit before interest and tax, versus a Rs 1.72 crore loss.

How much revenue did the electronics and green-energy unit generate?

Indag Rubber generated Rs 25.87 crore in revenue from electronics including green-energy storage for the half year ended 30 September 2026. This was higher than Rs 20.20 lakh in the corresponding half year ended 30 September 2025 and above the Rs 26.48 lakh recorded for the full year ended 31 March 2026.

The segment reported Rs 13.34 crore of revenue in the quarter ended 30 September 2026, after Rs 12.54 crore in the quarter ended 30 June 2026. In the comparable quarter ended 30 September 2025, revenue was Rs 20.20 lakh, meaning both reported quarters of the current half year were substantially above the comparable prior-year quarter.

Electronics including green-energy storage accounted for Rs 25.87 crore of Indag Rubber’s consolidated revenue from operations of Rs 150.92 crore in the half year ended 30 September 2026. Precured tread rubber and allied products and services remained the larger reported segment, generating Rs 125.04 crore, compared with Rs 97.34 crore in the corresponding half year.

Did the electronics and green-energy unit reach operating break-even?

Indag Rubber reported Rs 0.40 lakh of profit before interest and tax from electronics including green-energy storage in the half year ended 30 September 2026, compared with a Rs 1.72 crore loss in the prior-year half. This segment-level measure is before interest and tax and differs from the subsidiary’s separately disclosed net loss after tax.

The segment’s quarterly outcome changed between a Rs 6.82 lakh profit before interest and tax in the quarter ended 30 June 2026 and a Rs 6.42 lakh loss in the quarter ended 30 September 2026. In the comparable September 2025 quarter, it reported a Rs 74.52 lakh loss, while the full year ended 31 March 2026 carried a Rs 4.16 crore loss.

Precured tread rubber and allied products and services reported Rs 6.56 crore of first-half profit before interest and tax, up from Rs 1.75 crore a year earlier. Indag Rubber also disclosed Rs 4.30 crore of unallocable profit before interest and tax, compared with Rs 4.38 crore, taking total segment profit before interest and tax to Rs 10.86 crore.

What do the subsidiary figures show about the business?

Indag Rubber’s subsidiary information reported total revenue of Rs 25.87 crore for the half year ended 30 September 2026, the same amount shown for the electronics including green-energy storage segment. The subsidiary reported a net loss after tax and total comprehensive loss of Rs 25.26 lakh for the six-month period.

For the quarter ended 30 September 2026, the subsidiary recorded Rs 13.34 crore of revenue and a net loss after tax of Rs 21.63 lakh. Its net loss after tax should not be directly compared with the segment’s Rs 6.42 lakh loss before interest and tax because the disclosed measures use different profit lines.

The other auditor’s report stated that the subsidiary had total assets of Rs 14.09 crore at 30 September 2026 and net cash outflows of Rs 11.05 lakh during the half year. The report said the subsidiary’s standalone financial results were audited by another auditor, and the consolidated audit opinion was not modified in respect of reliance on that auditor’s work.

How did the unit’s assets and liabilities change?

Indag Rubber reported electronics including green-energy storage assets of Rs 14.09 crore at 30 September 2026, down from Rs 26.42 crore at 30 June 2026 and Rs 35.53 crore at 31 March 2026. The assets were nevertheless above the Rs 12.85 crore reported at 30 September 2025.

Segment liabilities stood at Rs 8.61 crore at 30 September 2026, compared with Rs 20.72 crore at 30 June 2026 and Rs 29.80 crore at 31 March 2026. At 30 September 2025, the segment had Rs 4.54 crore of liabilities, so the year-on-year rise in liabilities was larger than the increase in reported segment assets.

The filing does not state the reason for the sequential decline from Rs 26.42 crore of assets and Rs 20.72 crore of liabilities at 30 June 2026 to Rs 14.09 crore and Rs 8.61 crore at 30 September 2026. Consolidated total segment assets fell to Rs 286.08 crore from Rs 299.86 crore over the same period, while total segment liabilities fell to Rs 47.33 crore from Rs 58.44 crore.

How did the segment affect Indag Rubber’s consolidated results?

Indag Rubber reported consolidated revenue from operations of Rs 150.92 crore for the half year ended 30 September 2026, up from Rs 97.54 crore in the corresponding prior-year half. Electronics including green-energy storage increased revenue by Rs 25.67 crore year on year, while precured tread rubber and allied products and services added Rs 27.71 crore.

Consolidated profit before tax rose to Rs 10.63 crore in the half year from Rs 4.89 crore a year earlier, while profit after tax increased to Rs 8.10 crore from Rs 3.71 crore. Profit attributable to Indag Rubber’s shareholders was Rs 8.22 crore, and the non-controlling interest recorded a Rs 12.38 lakh loss.

In the quarter ended 30 September 2026, consolidated revenue from operations was Rs 80.83 crore, compared with Rs 70.09 crore in the preceding quarter and Rs 52.53 crore in the comparable prior-year quarter. The electronics segment supplied Rs 13.34 crore in the September quarter, but its Rs 6.42 lakh loss before interest and tax followed a Rs 6.82 lakh profit in June.

Conclusion

Indag Rubber’s disclosures show that electronics including green-energy storage became a significant source of reported revenue in the half year ended 30 September 2026, with Rs 25.87 crore compared with Rs 20.20 lakh a year earlier. The segment moved to a Rs 0.40 lakh first-half profit before interest and tax, although the subsidiary separately recorded a Rs 25.26 lakh net loss after tax.

The main point to watch in subsequent disclosures is whether the segment’s quarterly profit before interest and tax becomes more consistent after the shift from a Rs 6.82 lakh June-quarter profit to a Rs 6.42 lakh September-quarter loss. The filing also leaves the movement in segment assets from Rs 26.42 crore at 30 June 2026 to Rs 14.09 crore at 30 September 2026 unexplained.