Lake Shore Realty deploys Rs 4.0085 crore in six months

Lake Shore Realty Limited deployed Rs 4.0085 crore into bonds and net loans or inter-corporate deposits during the six months ended 30 September 2026, while total cash and cash equivalents fell by Rs 3.693 crore to Rs 2.8912 crore. The cash-flow statement records Rs 1.9656 crore of bond purchases and Rs 2.0429 crore of net lending.

What did Lake Shore Realty deploy in six months?

Lake Shore Realty used Rs 3.2603 crore in investing activities for the six months ended 30 September 2026, reversing from Rs 1.3996 crore generated by investing activities in the year ended 31 March 2026. Its principal investing outflows were Rs 1.9656 crore to purchase bonds and Rs 2.0429 crore under “Loan / ICD given (net)”, where ICD means inter-corporate deposit.

The two gross deployment lines totalled Rs 4.0085 crore. Interest received of Rs 74.63 lakh and dividend income of Rs 20,000 partly offset these outflows, producing the reported Rs 3.2603 crore net cash use in investing activities. The filing does not identify the bond issuers, loan or ICD counterparties, interest rates, collateral, maturity dates or repayment terms.

The comparison with the preceding financial year shows a material change in the loan or ICD cash-flow line. Lake Shore Realty recorded a net Rs 8.80 lakh inflow under loans or ICDs in the year ended 31 March 2026, whereas it recorded a Rs 2.0429 crore outflow in the six months to 30 September 2026. The new bond-purchase outflow of Rs 1.9656 crore further changed investing cash flow from a full-year inflow to a half-year outflow, although the reported periods are not like-for-like.

How did Lake Shore Realty’s cash position change?

Lake Shore Realty’s cash-flow statement shows total cash and cash equivalents decreasing by Rs 3.693 crore, from Rs 6.5842 crore at the beginning of the period to Rs 2.8912 crore at 30 September 2026. The closing total comprised Rs 76,000 in cash in hand, Rs 75.36 lakh in a scheduled-bank current account and Rs 2.13 crore in fixed deposits.

At the start of the six-month period, cash in hand was also Rs 76,000, while the current-account balance was Rs 2.4379 crore and fixed deposits were Rs 4.1387 crore. Fixed deposits therefore declined by Rs 2.0087 crore and the current-account balance declined by Rs 1.6843 crore. These movements account for nearly all of the reported decline in the aggregate cash-and-equivalents measure.

The balance sheet presents the closing liquidity in separate categories. It reports cash and cash equivalents of Rs 76,000 and bank balances other than cash equivalents of Rs 2.8835 crore at 30 September 2026, together amounting to Rs 2.8911 crore. That is Rs 1,000 below the cash-flow statement’s Rs 2.8912 crore closing total, a difference visible from the rounded balance-sheet line items.

Why did Lake Shore Realty’s cash fall by Rs 3.693 crore?

Lake Shore Realty’s cash reduction reflected both investing and operating outflows in the half year. Investing activities used Rs 3.2603 crore, while operating activities used Rs 43.27 lakh; no cash flow from financing activities was reported for the six months ended 30 September 2026. Together, these reported cash-flow categories equal the Rs 3.693 crore net fall in cash and cash equivalents.

Operating cash flow differed from accounting profit during the period. Lake Shore Realty reported profit before tax of Rs 57.45 lakh, but the cash-flow statement included a Rs 74.63 lakh adjustment for interest income, resulting in an operating loss before working-capital changes of Rs 17.37 lakh. Direct taxes paid of Rs 21.91 lakh then contributed to the final operating cash outflow of Rs 43.27 lakh.

The filing also records Rs 6.75 lakh of increased trade and other receivables, Rs 13.17 lakh of lower trade payables and other liabilities, and Rs 1.52 lakh of increased other current assets. These cash uses were partly offset by a Rs 3 lakh increase in other financial liabilities and a Rs 14.45 lakh increase in provisions. Lake Shore Realty nevertheless reported profit after tax of Rs 43.01 lakh for the half year, compared with Rs 7.08 lakh in the corresponding half year ended 30 September 2025.

How did the deployment appear on Lake Shore Realty’s balance sheet?

Lake Shore Realty reported non-current investments of Rs 1.9762 crore at 30 September 2026, compared with Rs 1.07 lakh at 31 March 2026. The Rs 1.9655 crore increase is Rs 1,000 below the Rs 1.9656 crore bond-purchase cash outflow, indicating a close numerical relationship between the period-end investment balance and the bond deployment, without disclosing the reason for the difference.

Non-current loans rose to Rs 15.7901 crore at 30 September 2026 from Rs 13.7472 crore at 31 March 2026. The Rs 2.0429 crore increase exactly matches the cash-flow statement’s net loan or ICD outflow. The filing therefore places the bond investments and loan balance within non-current financial assets at the half-year date, but provides no note on borrower concentration or maturity structure.

Total assets increased to Rs 21.0661 crore from Rs 20.5938 crore over the same period, while current assets declined to Rs 3.2998 crore from Rs 6.836 crore. Total equity rose from Rs 20.3751 crore to Rs 20.8046 crore, alongside the Rs 43.01 lakh half-year profit. The reported balance-sheet movement shows cash and bank balances declining as non-current investments and loans increased.

Conclusion

Lake Shore Realty’s six-month statements show a clear redeployment of cash: Rs 1.9656 crore was used for bond purchases and Rs 2.0429 crore for net loans or ICDs. This contributed to a Rs 3.2603 crore investing outflow, while a further Rs 43.27 lakh operating outflow brought total cash and cash equivalents down to Rs 2.8912 crore at 30 September 2026.

The next point to watch is whether Lake Shore Realty discloses the issuers, borrowers, terms, yields, security and maturities behind its Rs 1.9762 crore non-current investment balance and Rs 15.7901 crore non-current loan balance. The 30 September 2026 filing leaves those details unresolved, as well as the intended timing of recovery or maturity for the new allocations.