MKP Mobility Limited posts Rs 31.75 lakh operating cash

MKP Mobility Limited generated Rs 31.75 lakh of net cash from operating activities in the six months ended September 30, 2026, compared with Rs 8.42 lakh used in the corresponding 2025 period. Operating profit before working-capital changes rose to Rs 243.67 lakh from Rs 170.91 lakh, although asset, inventory and lease-related movements absorbed much of that cash.

How did MKP Mobility's operating cash flow change?

MKP Mobility moved to an operating cash inflow of Rs 31.75 lakh for the period ended September 30, 2026, from an outflow of Rs 8.42 lakh for the period ended September 30, 2025. Net profit before tax increased to Rs 231.30 lakh from Rs 182.13 lakh, providing the starting point for the cash-flow calculation.

MKP Mobility reported operating profit before working-capital changes of Rs 243.67 lakh in the 2026 half-year, up Rs 72.76 lakh from Rs 170.91 lakh a year earlier. The 2026 calculation included Rs 15.75 lakh of depreciation and amortisation, Rs 4.16 lakh of interest on lease liabilities, Rs 2.94 lakh of unrealised foreign-exchange loss and Rs 10.47 lakh of interest income.

In the comparative 2025 period, depreciation and amortisation was Rs 3.36 lakh, interest income was Rs 9.90 lakh and the statement recorded a Rs 4.70 lakh unrealised foreign-exchange gain. These non-cash or non-operating adjustments meant the rise in profit before tax did not translate directly into operating cash.

Which working-capital movements affected MKP Mobility's cash flow?

MKP Mobility's Rs 243.67 lakh of operating profit before working-capital changes reduced to Rs 55.02 lakh before income tax after balance-sheet movements. The largest reported cash use was a Rs 130.20 lakh increase in other current financial assets, followed by a Rs 96.45 lakh increase in right-of-use assets and a Rs 75.21 lakh decrease in other current liabilities.

Inventory increased by Rs 74.62 lakh in the 2026 half-year, while non-current financial assets increased by Rs 42.61 lakh and trade payables decreased by Rs 26.66 lakh. Each movement was recorded as a cash use in the operating section. The filing does not provide management explanations for the composition or commercial reasons behind these individual changes.

Some lines provided cash and partly offset the outflows. Other current assets decreased by Rs 35.31 lakh, other non-current financial assets decreased by Rs 33.87 lakh, trade receivables decreased by Rs 0.06 lakh, and lease liabilities increased by Rs 104.31 lakh.

The year-on-year comparison shows a different working-capital pattern. Other current assets used Rs 122.67 lakh in the 2025 period but provided Rs 35.31 lakh in 2026, while trade receivables provided Rs 114.16 lakh in 2025 versus Rs 0.06 lakh in 2026. Conversely, the Rs 130.20 lakh increase in other current financial assets was a reported 2026 cash use with no comparable movement shown for 2025, and the inventory cash use widened from Rs 15.13 lakh to Rs 74.62 lakh.

How did tax, investing and financing affect MKP Mobility's cash?

MKP Mobility paid Rs 23.27 lakh of income tax in the six months ended September 30, 2026, reducing operating cash flow before tax of Rs 55.02 lakh to net operating cash of Rs 31.75 lakh. The 2025 cash-flow statement showed no income-tax payment and an operating cash outflow of Rs 8.42 lakh.

MKP Mobility used Rs 14.92 lakh in investing activities in the 2026 half-year, compared with Rs 5.47 lakh used in the 2025 half-year. Payment for property, plant and equipment and intangible assets accounted for Rs 14.48 lakh, while investment in fixed deposits was Rs 0.27 lakh and the increase in other intangible assets was Rs 0.18 lakh.

Financing activities used Rs 14.60 lakh in the 2026 period, whereas they provided Rs 4.46 lakh in the comparable 2025 period. The 2026 financing outflow comprised Rs 9.97 lakh paid as the principal element of lease payments and Rs 4.63 lakh in loans and advances. In 2025, lease-principal payments were Rs 1.98 lakh and loans and advances generated Rs 2.48 lakh.

Together, the Rs 14.92 lakh investing outflow and Rs 14.60 lakh financing outflow offset most of the Rs 31.75 lakh operating inflow. The resulting net increase in cash and cash equivalents was Rs 2.22 lakh during the half-year, compared with a Rs 9.43 lakh decrease in the prior-year period.

What was MKP Mobility's cash and lease position at September 30?

MKP Mobility ended September 30, 2026 with cash and cash equivalents of Rs 13.82 lakh, up from Rs 11.59 lakh at the beginning of the financial year. The cash-flow statement reconciles the Rs 2.22 lakh increase through Rs 31.75 lakh from operating activities, less Rs 14.92 lakh used in investing and Rs 14.60 lakh used in financing.

MKP Mobility's standalone balance sheet showed right-of-use assets of Rs 115.84 lakh at September 30, 2026, compared with Rs 19.39 lakh at March 31, 2026. That increase is consistent with the cash-flow statement's Rs 96.45 lakh increase in right-of-use assets during the six-month period.

Non-current lease liabilities stood at Rs 118.78 lakh at September 30, 2026, against Rs 14.95 lakh at March 31, 2026, and current lease liabilities were Rs 0.48 lakh. The cash-flow statement also recorded a Rs 104.31 lakh increase in lease liabilities, while lease-principal payments of Rs 9.97 lakh appeared in financing cash flow.

The standalone results were unaudited and approved by the board on November 6, 2026. Shah Khandelwal Jain & Associates stated that nothing came to its attention in its review to indicate that the standalone unaudited results were materially misstated; it also stated that a review is narrower in scope than an audit and does not provide an audit opinion.

Conclusion

The six-month statement shows that MKP Mobility's higher pre-tax profit and operating profit before working-capital changes produced a positive operating cash result despite tax payments and sizable cash absorption in financial assets, inventories and right-of-use assets. Investing and financing outflows then limited the overall cash increase to Rs 2.22 lakh, leaving cash and cash equivalents at Rs 13.82 lakh.

The filing does not disclose an operating-cash target, a cash-generation plan or a scheduled future reporting event. The key unresolved matters are the nature of the Rs 130.20 lakh other current financial asset movement, the Rs 74.62 lakh inventory increase and the larger lease liability balance, which subsequent company disclosures would need to clarify.