Quanto Agroworld Limited FY26 Revenue Doubled as Cash Stayed Low

Quanto Agroworld Limited reported FY26 revenue from operations of Rs 40.3477 crore, up 144.6% from Rs 16.4934 crore in FY25, while cash and bank balances were Rs 11.27 lakh at March 31, 2026. Inventory rose to Rs 10.1996 crore and trade receivables reached Rs 9.4013 crore, placing most disclosed current assets outside cash.

Why did Quanto Agroworld’s FY26 revenue double?

Quanto Agroworld’s revenue from operations increased by Rs 23.8543 crore in FY26, from Rs 16.4934 crore in FY25 to Rs 40.3477 crore. The increase followed FY25 growth of 6.1% from Rs 15.5527 crore in FY24, making FY26 a substantially faster reported expansion than the preceding year. The financial statements classify Quanto Agroworld as a single segment, so they do not identify the products, customers or geographies behind the increase.

Quanto Agroworld recognises sales of goods, net of taxes, returns and trade discounts, when significant risks and rewards pass to a buyer, generally on delivery. This policy means FY26 revenue can be recognised before cash is received where an amount remains recorded as a trade receivable at March 31, 2026. Continued revenue at the FY26 level would depend on future deliveries, while cash conversion would also depend on collections.

Cost of materials consumed increased to Rs 27.3767 crore in FY26 from Rs 6.4265 crore in FY25, a rise of Rs 20.9502 crore. Total expenses rose to Rs 31.9394 crore from Rs 10.2739 crore over the same period. The reported revenue increase therefore coincided with materially higher input consumption and expenses.

How did Quanto Agroworld’s FY26 revenue growth affect profit?

Quanto Agroworld reported profit before tax of Rs 8.4083 crore in FY26, 35.2% above Rs 6.2195 crore in FY25. Profit for the year rose 26.4% to Rs 8.3846 crore from Rs 6.631 crore. Profit growth was lower than the 144.6% revenue increase because FY26 expenses increased by Rs 21.6655 crore.

Depreciation and amortisation was Rs 2.9218 crore in FY26, compared with Rs 2.5856 crore in FY25, while finance costs increased to Rs 58.69 lakh from Rs 47.59 lakh. Employee benefits expense rose to Rs 36.51 lakh from Rs 31.19 lakh, and other expenses rose to Rs 68.89 lakh from Rs 47.40 lakh. These expenses are included in the profit calculation and show that reported profit is not the same measure as cash held at year-end.

Basic and diluted earnings per equity share were each Rs 6.52 in FY26, compared with Rs 5.16 in FY25. Share capital remained Rs 12.8573 crore across FY24, FY25 and FY26, while reserves and surplus increased to Rs 21.1213 crore at March 31, 2026 from Rs 12.7675 crore a year earlier. The increase in reserves broadly corresponds with the reported FY26 profit, although the balance sheet separately records minority interest of Rs 5.42 crore.

What was tied up in Quanto Agroworld’s working capital?

Quanto Agroworld held inventory of Rs 10.1996 crore and trade receivables of Rs 9.4013 crore at March 31, 2026. Inventory had been Rs 1.918 crore at March 31, 2025, an increase of Rs 8.2816 crore, while receivables increased by Rs 28.30 lakh from Rs 9.1183 crore. Inventory is measured at the lower of cost and net realisable value under the stated accounting policy.

The combined Rs 19.6009 crore inventory and receivables balance represented about 93% of disclosed current assets of Rs 20.7934 crore at March 31, 2026. The remaining disclosed current assets comprised Rs 11.27 lakh of cash and bank balances, Rs 69.63 lakh of short-term loans and advances, and Rs 38.25 lakh of other current assets. Cash availability from these current assets therefore depends primarily on inventory sales and receivable collections.

Trade receivables had risen from Rs 4.5584 crore in FY24 to Rs 9.1183 crore in FY25, before reaching Rs 9.4013 crore in FY26. Between FY24 and FY25, revenue increased by Rs 94.07 lakh while receivables rose by Rs 4.5599 crore. The supplied statements do not provide receivable ageing, customer concentration, credit terms or subsequent collections, leaving the timing of conversion to cash undisclosed.

Why did Quanto Agroworld’s cash stay low despite FY26 profit?

Quanto Agroworld reported cash and bank balances of Rs 11.27 lakh at March 31, 2026, compared with Rs 11 lakh a year earlier. The cash-flow annexure similarly reports Rs 11.27 lakh of cash and cash equivalents, consisting of Rs 8.64 lakh of cash on hand and Rs 2.63 lakh in current bank accounts. This balance was small relative to FY26 profit before tax of Rs 8.4083 crore and the Rs 19.6009 crore combined inventory and receivables balance.

The first column of the cash-flow annexure reports Rs 52.81 lakh of net cash generated from operating activities after Rs 11.95 lakh of income tax paid. It also reports Rs 46.11 lakh of cash used in investing activities, including Rs 38.93 lakh described as a change in capital work-in-progress, or CWIP, meaning expenditure on assets not yet ready for use. Financing cash flow was negative Rs 2.43 lakh after Rs 58.69 lakh of interest paid and Rs 52.26 lakh of proceeds from long-term borrowings.

The supplied cash-flow annexure contains a period-label inconsistency. Its columns are headed March 31, 2024, March 31, 2023 and March 31, 2022, but its first-column profit before tax of Rs 8.4083 crore, depreciation of Rs 2.9218 crore and ending cash of Rs 11.27 lakh match FY26 figures elsewhere in the financial statements. Its reported Rs 2.36 lakh inventory increase also does not match the Rs 8.2816 crore balance-sheet increase between FY25 and FY26, so a reconciliation would be needed to interpret operating cash flow by period precisely.

How material were Quanto Agroworld’s borrowings and asset commitments?

Quanto Agroworld reported total borrowings of Rs 5.4758 crore at March 31, 2026, comprising Rs 3.9439 crore of short-term borrowings and Rs 1.5319 crore of long-term borrowings. Total borrowings were Rs 5.3039 crore at March 31, 2025, comprising Rs 4.2946 crore short-term and Rs 1.0093 crore long-term. Short-term borrowings declined by Rs 35.07 lakh, while long-term borrowings increased by Rs 52.26 lakh.

Property, plant and equipment declined to Rs 14.4858 crore at March 31, 2026 from Rs 17.3846 crore a year earlier. CWIP increased to Rs 3.6228 crore from Rs 3.2395 crore, and intangible assets under development were Rs 9.40 lakh in FY26 compared with nil in FY25. Quanto Agroworld’s policy capitalises borrowing costs directly attributable to qualifying assets, while other borrowing costs are expensed, including the reported FY26 finance cost of Rs 58.69 lakh.

Conclusion

Quanto Agroworld’s FY26 financial statements show that revenue and profit increased while the balance sheet became more concentrated in inventory and trade receivables. The Rs 11.27 lakh cash and bank balance, alongside Rs 3.9439 crore of short-term borrowings, makes the sale of inventory and collection of receivables relevant to the cash outcome from reported growth.

The disclosed items to watch are the collection of Rs 9.4013 crore of trade receivables, the movement in Rs 10.1996 crore of inventory and the completion of Rs 3.6228 crore of CWIP. The supplied cash-flow statement’s mismatched period headings and inventory movement remain unresolved, and a corrected presentation or reconciliation would clarify the reported operating cash figure.