N2N Technologies Limited posts Rs 21.18 lakh loss in Q2

N2N Technologies reported a Rs 21.18 lakh net loss for the quarter ended 30 September 2026 after revenue from operations fell to Rs 0.04 lakh, from Rs 32.02 lakh and a Rs 0.33 lakh profit in the corresponding quarter a year earlier. The board approved the unaudited standalone results on 2 November 2026.

What were N2N Technologies’ September-quarter results?

N2N Technologies recorded total income of Rs 0.04 lakh for the quarter ended 30 September 2026 because it reported no other income, while total expenses were Rs 21.22 lakh. Employee benefits expense was Rs 18.82 lakh and other expenditure was Rs 2.40 lakh, producing a loss before tax and net loss of Rs 21.18 lakh with no tax expense.

The company reported a basic and diluted loss per equity share of Rs 0.66 for the September 2026 quarter, against earnings per share of Rs 0.01 a year earlier. There were no exceptional items, discontinued operations or other comprehensive income, so total comprehensive loss was also Rs 21.18 lakh. The filing says the quarter figures for 30 September 2026 and 30 September 2025 are balancing figures between published first-quarter and half-year figures.

Why did N2N Technologies report a loss in the quarter?

N2N Technologies reported a loss because quarterly income of Rs 0.04 lakh was below total expenses of Rs 21.22 lakh. The standalone filing does not give a management explanation for the revenue decline, identify a customer or product-related event, or provide a revenue split by business line.

Employee benefits were the largest disclosed expense at Rs 18.82 lakh, followed by other expenditure of Rs 2.40 lakh. The statement showed no finance cost and no depreciation or amortisation expense in the September 2026 quarter, but the reported income left a Rs 21.18 lakh shortfall. The company said it operates in a single segment, so segment reporting was not applicable.

How did N2N Technologies’ half-year performance compare?

N2N Technologies’ revenue from operations for the half year ended 30 September 2026 was Rs 15.24 lakh, down from Rs 65.30 lakh in the half year ended 30 September 2025. Its net loss widened to Rs 33.67 lakh from Rs 1.37 lakh, while the loss per equity share increased to Rs 1.04 from Rs 0.04.

Total expenses fell to Rs 48.91 lakh from Rs 66.67 lakh, but the Rs 17.76 lakh reduction was smaller than the Rs 50.06 lakh fall in revenue. Employee benefits expense declined to Rs 41.12 lakh from Rs 58.36 lakh and other expenditure decreased to Rs 7.79 lakh from Rs 8.31 lakh. In the preceding quarter ended 30 June 2026, revenue was Rs 15.20 lakh and the net loss was Rs 12.49 lakh.

What changed in N2N Technologies’ balance sheet and cash?

N2N Technologies’ total assets were Rs 5.7288 crore at 30 September 2026, compared with Rs 5.9097 crore at 31 March 2026. Trade receivables declined to Rs 34.17 lakh from Rs 52.15 lakh, while cash and cash equivalents fell to Rs 0.37 lakh from Rs 0.48 lakh. Other financial assets were unchanged at Rs 3.9453 crore and deferred tax assets remained Rs 1.3934 crore.

Total equity declined to Rs 3.7867 crore from Rs 4.1234 crore as other equity moved to negative Rs 22.65 lakh from positive Rs 11.02 lakh. Borrowings rose to Rs 77.71 lakh from Rs 62.76 lakh, while trade payables increased to Rs 81.59 lakh from Rs 81.06 lakh. The half-year cash-flow statement recorded a Rs 0.11 lakh net decrease in cash and cash equivalents.

What account balances remain subject to confirmation?

N2N Technologies said balances for other financial liabilities, trade payables, loans and advances, and cash and bank balances remain subject to confirmation or reconciliation at 30 September 2026. Management stated that it did not expect any material adjustment to the financial statements from those reconciliations.

The company also said trade payables outstanding at 30 September 2026 were not registered under the Micro, Small and Medium Enterprises framework, and management had not received confirmation from those parties. Trade payables were Rs 81.59 lakh at the September reporting date, compared with Rs 81.06 lakh at 31 March 2026.

What did the limited review conclude?

N2N Technologies received an unmodified limited-review conclusion on its unaudited standalone results for the quarter and half year ended 30 September 2026. DMKH & Co stated on 2 November 2026 that nothing had come to its attention suggesting that the results contained a material misstatement or failed to make required disclosures under Regulation 33 of the Securities and Exchange Board of India listing regulations.

The reviewer said its work was conducted under Standard on Review Engagements 2410, which provides moderate assurance and is not an audit. The results were prepared under Indian Accounting Standard 34, Interim Financial Reporting, and were reviewed by the audit committee before the board approved them on 2 November 2026.

Conclusion

N2N Technologies’ September 2026 quarter moved from a Rs 0.33 lakh profit a year earlier to a Rs 21.18 lakh loss as revenue from operations declined from Rs 32.02 lakh to Rs 0.04 lakh. The half-year comparison showed the same direction: revenue fell to Rs 15.24 lakh from Rs 65.30 lakh, despite lower total expenses of Rs 48.91 lakh.

The disclosed matter to watch next is the confirmation and reconciliation of balances including trade payables of Rs 81.59 lakh, along with loans and advances and cash and bank balances at 30 September 2026. Management said it did not expect material adjustments from that process, while cash and cash equivalents stood at Rs 0.37 lakh and borrowings at Rs 77.71 lakh.