Nagreeka Capital profit falls 25% as operating income turns negative

Nagreeka Capital & Infrastructure Limited reported Rs 2.17 crore profit after tax for the quarter ended 30 September 2026, down 24.7% year on year from Rs 2.88 crore, with other operating income at negative Rs 7.17 crore and total income declining to Rs 1.76 crore.

Why did Nagreeka Capital’s September-quarter profit decline?

Nagreeka Capital’s September-quarter profit declined as profit before tax fell to Rs 2.90 crore from Rs 3.85 crore a year earlier, while total income decreased to Rs 1.76 crore from Rs 5.03 crore. Profit after tax was Rs 2.17 crore for the quarter ended 30 September 2026, compared with Rs 2.88 crore in the corresponding 2025 quarter.

The company reported a deferred-tax credit of Rs 73.21 lakh for the September 2026 quarter, compared with a Rs 97.05 lakh credit a year earlier. Basic and diluted earnings per share, or EPS, fell to Rs 1.72 from Rs 2.28, while total comprehensive income was Rs 2.17 crore against Rs 2.88 crore in the previous September quarter.

The difference between profit after tax and total comprehensive income was a Rs 3,000 remeasurement loss on defined-benefit obligations in the latest quarter. Paid-up equity share capital was unchanged at Rs 6.31 crore, with a face value of Rs 5 per share.

How did other operating income change for Nagreeka Capital?

Other operating income was negative Rs 7.17 crore in the quarter ended 30 September 2026, compared with negative Rs 82.52 lakh in the September 2025 quarter. This Rs 6.34 crore adverse year-on-year movement accompanied the decline in total income to Rs 1.76 crore.

The sequential change was larger: other operating income had been positive Rs 17.67 crore in the quarter ended 30 June 2026. Total income consequently decreased from Rs 26.55 crore in the June quarter to Rs 1.76 crore in the September quarter, as the same operating-income line moved into a negative balance.

Interest income increased to Rs 1.54 crore from Rs 17.25 lakh year on year, and sale of securities rose to Rs 6.65 crore from Rs 4.89 crore. Dividend income, however, fell to Rs 79,000 from Rs 78.55 lakh, while rental income was Rs 1.10 lakh against Rs 96,000; other income was nil in both reported September quarters.

What changed in Nagreeka Capital’s quarterly expenses?

Nagreeka Capital reported total expenses of negative Rs 1.14 crore in the September 2026 quarter, compared with positive Rs 1.18 crore a year earlier. The result included a negative Rs 16.38 crore change in inventories, compared with a negative Rs 7.78 crore inventory change in the September 2025 quarter.

Finance cost rose to Rs 3.00 crore from Rs 2.01 crore, while purchase of stock-in-trade increased to Rs 11.86 crore from Rs 6.63 crore. Employee-benefit expense was Rs 22.43 lakh against Rs 5.03 lakh, and impairment on financial instruments was Rs 55,000 after a Rs 42,000 reversal in the previous-year quarter.

The statement’s combination of a lower income total and negative reported expenses produced profit before tax of Rs 2.90 crore. Nagreeka Capital did not provide a management explanation for the individual movements, but its results show inventory changes within expenses and a negative other-operating-income line within revenue.

What do Nagreeka Capital’s half-year results show?

Nagreeka Capital reported profit after tax of Rs 5.72 crore for the half year ended 30 September 2026, down from Rs 6.47 crore in the corresponding 2025 period. Profit before tax decreased to Rs 7.67 crore from Rs 8.65 crore, even as total income increased to Rs 28.30 crore from Rs 17.78 crore.

For the six months, sale of securities rose to Rs 14.80 crore from Rs 9.90 crore and other operating income increased to Rs 10.51 crore from Rs 6.67 crore. Finance cost increased to Rs 5.47 crore from Rs 3.88 crore, while total expenses rose to Rs 20.63 crore from Rs 9.13 crore.

The half-year tax result included a deferred-tax credit of Rs 1.95 crore, versus Rs 2.19 crore in the prior-year period. EPS for the six months was Rs 4.54, down from Rs 5.13, and total comprehensive income was Rs 5.72 crore compared with Rs 6.47 crore.

Does Nagreeka Capital report separate business segments?

No, Nagreeka Capital said it is primarily engaged in the non-banking financial company, or NBFC, business and has no separate reportable segments under Indian Accounting Standard, or Ind AS, 108. Its 30 September 2026 filing therefore presents standalone financial results rather than a segment-wise revenue or profit split.

The board approved the unaudited quarterly and half-year results on 6 November 2026 after review by the audit committee. Das & Prasad issued a limited-review report dated 6 November 2026, stating that nothing had come to its attention to indicate that the results did not meet applicable accounting standards and listing-disclosure requirements.

The auditor also said a limited review provides less assurance than an audit and that it had not performed an audit. Nagreeka Capital’s filing was made under Regulations 30 and 33 of the Securities and Exchange Board of India’s listing regulations.

Conclusion

Nagreeka Capital’s September-quarter figures show that higher interest income and securities sales did not offset the movement in other operating income, which was negative Rs 7.17 crore. Quarterly profit after tax fell by Rs 71.14 lakh year on year, while the half-year profit also declined despite a Rs 10.52 crore increase in total income.

The next disclosed item to watch is the current-tax provision, which Nagreeka Capital said will be made at the end of the year. Subsequent results will also show whether other operating income, which shifted from positive Rs 17.67 crore in the June 2026 quarter to negative Rs 7.17 crore in the September quarter, changes again.