Newtime Infrastructure’s half-year loss widens to Rs 2.55 crore

Newtime Infrastructure Limited reported a consolidated loss before tax of Rs 2.55 crore for the half year ended 30 September 2026, compared with Rs 1.41 crore a year earlier, as its real-estate segment recorded a Rs 2.81 crore loss despite generating Rs 1.16 crore in revenue. The unaudited results were approved on 14 November 2026.

Why did Newtime Infrastructure’s half-year pre-tax loss widen?

Newtime Infrastructure’s consolidated loss before tax widened by Rs 1.14 crore year on year to Rs 2.55 crore in the half year ended 30 September 2026. Total income from operations declined to Rs 2.03 crore from Rs 2.23 crore in the corresponding half year ended 30 September 2025, while total expenses increased to Rs 4.57 crore from Rs 3.64 crore.

Newtime Infrastructure recorded a Rs 1.20 crore share of profit from associates and joint ventures in the latest half year, compared with Rs 6.87 lakh a year earlier. That contribution reduced the consolidated total loss for the period to Rs 1.35 crore from Rs 1.34 crore, even as loss before tax increased from the prior-year level.

The half-year outcome included a sequential reduction in the quarterly pre-tax loss. Consolidated loss before tax was Rs 99.63 lakh in the quarter ended 30 September 2026, compared with Rs 1.55 crore in the quarter ended 30 June 2026, but exceeded the Rs 77.73 lakh loss in the quarter ended 30 September 2025.

How did Newtime Infrastructure’s income and costs change?

Newtime Infrastructure’s revenue from operations fell to Rs 1.62 crore in the six months to September 2026 from Rs 1.78 crore a year earlier. Other income was Rs 41.19 lakh, compared with Rs 45.31 lakh, taking total income from operations down by Rs 20.09 lakh year on year.

Total expenses increased by Rs 93.45 lakh to Rs 4.57 crore in the half year ended 30 September 2026. Other expenses rose to Rs 2.42 crore from Rs 1.42 crore, while finance costs declined to Rs 1.59 crore from Rs 1.63 crore and employee-benefit expense fell to Rs 48.14 lakh from Rs 52.45 lakh.

The consolidated cash-flow statement included a Rs 1.20 crore provision for doubtful advances for the latest half year, whereas none was reported for the corresponding 2025 period. Depreciation and amortisation was Rs 1.85 lakh versus Rs 2.18 lakh, while interest income was Rs 41.19 lakh versus Rs 41.29 lakh.

Which segment drove Newtime Infrastructure’s loss?

Newtime Infrastructure’s real-estate segment drove the loss, reporting a segment loss before tax of Rs 2.81 crore for the half year ended 30 September 2026, against a Rs 1.73 crore loss a year earlier. Its revenue declined to Rs 1.16 crore from Rs 1.40 crore, while unallocated other income of Rs 41.19 lakh partly offset the combined segment loss.

Hospitality remained loss-making on a smaller scale, with a segment loss before tax of Rs 14.97 lakh compared with Rs 13.93 lakh in the corresponding half year. Hospitality revenue rose to Rs 45.55 lakh from Rs 37.52 lakh, while combined real-estate and hospitality segment losses increased to Rs 2.96 crore from Rs 1.87 crore.

In the quarter ended 30 September 2026, real estate reported a Rs 1.09 crore segment loss, below the Rs 1.72 crore loss in the June 2026 quarter but above the Rs 89.95 lakh loss a year earlier. Hospitality reported a quarterly loss of Rs 10.93 lakh, compared with Rs 4.04 lakh in June 2026 and Rs 8.47 lakh in September 2025.

What do Newtime Infrastructure’s balance sheet and cash flow show?

Newtime Infrastructure had consolidated assets of Rs 93.19 crore as at 30 September 2026, compared with Rs 92.80 crore at 31 March 2026. Real-estate segment assets were Rs 77.28 crore, while real-estate segment liabilities were Rs 57.88 crore, compared with Rs 56.30 crore at the preceding financial year-end.

Total equity declined to Rs 34.35 crore at 30 September 2026 from Rs 35.70 crore at 31 March 2026. Non-current borrowings rose to Rs 27.26 crore from Rs 25.85 crore, current borrowings remained Rs 6.25 crore, and consolidated inventory increased to Rs 32.28 crore from Rs 32.07 crore.

Cash and cash equivalents stood at Rs 26.93 lakh at 30 September 2026, down from Rs 33.96 lakh at the beginning of the half year. Net cash used in operating activities was Rs 12.05 lakh, compared with Rs 53.77 lakh generated in the corresponding prior-year period, and total net cash outflow was Rs 7.03 lakh against an inflow of Rs 7.62 lakh.

What disclosures should Newtime Infrastructure shareholders monitor?

Newtime Infrastructure disclosed that a provisional attachment order dated 13 September 2024 covers immovable properties and investments held in the group’s name, as well as shares held by the promoter company. The company said the order was issued by the Directorate of Enforcement’s Gurugram Zonal Office and does not affect the group’s business operations.

Newtime Infrastructure converted 2,35,50,530 compulsory convertible preference shares into an equivalent number of fully paid equity shares during the quarter ended 30 September 2026. The company said its application for listing approval of those shares was pending with BSE Limited when the results were approved on 14 November 2026.

The board also approved a related-party transaction with Rollatainers Limited on 14 November 2026, subject to shareholder approval. Separately, the company said it continues to monitor rules and clarifications on four Labour Codes notified on 21 November 2025, while assessing their current impact as not material to its results.

Conclusion

Newtime Infrastructure’s half-year results show that the consolidated pre-tax loss rose to Rs 2.55 crore as real-estate revenue fell to Rs 1.16 crore and the segment loss increased to Rs 2.81 crore. A Rs 1.20 crore associate and joint-venture profit reduced the total loss after that line to Rs 1.35 crore, but did not change the wider loss before tax.

The next disclosed matters to watch are BSE Limited’s decision on the pending listing approval for 2,35,50,530 equity shares issued on conversion of compulsory convertible preference shares, and shareholder approval for the Rollatainers Limited related-party transaction. Newtime Infrastructure also continues to monitor implementation details of the Labour Codes notified in November 2025.