Nirmitee Robotics first-half revenue falls 28%, profit drops 79%

Nirmitee Robotics India Limited reported revenue from operations of Rs 3.00 crore for the half year ended 30 September 2026, down 28% from Rs 4.14 crore a year earlier, while profit for the period fell 79% to Rs 48.04 lakh from Rs 2.33 crore. Nirmitee Robotics remained profitable despite the year-on-year contraction.

How did Nirmitee Robotics perform in the September 2026 half year?

Nirmitee Robotics reported lower revenue, total income and profit for the half year ended 30 September 2026 than in the corresponding half a year earlier. Revenue from operations was Rs 3.00 crore, compared with Rs 4.14 crore in the half year ended 30 September 2025. Total income, including other income, declined to Rs 3.09 crore from Rs 4.15 crore.

Other income rose to Rs 8.97 lakh from Rs 1.18 lakh, partly offsetting the Rs 1.14 crore decline in revenue from operations. Profit before tax fell to Rs 48.04 lakh from Rs 2.33 crore, while profit for the period from continuing operations was Rs 48.04 lakh against Rs 2.33 crore. The statement reported no exceptional, extraordinary or discontinuing-operation items in either half year.

What drove Nirmitee Robotics' lower first-half profit?

Nirmitee Robotics' profit declined because total income fell while total expenses increased. Total expenses rose by Rs 78.31 lakh to Rs 2.61 crore from Rs 1.82 crore, while total income declined by Rs 1.06 crore to Rs 3.09 crore. Those changes coincided with a Rs 1.85 crore reduction in profit before tax.

The expense mix shifted across several lines. Purchase of stock-in-trade declined to Rs 61.46 lakh from Rs 1.41 crore, but employee benefits expense increased to Rs 1.22 crore from Rs 71.04 lakh and other operating expenses rose to Rs 1.74 crore from Rs 1.35 crore. Changes in inventories reduced expenses by Rs 1.07 crore, compared with a Rs 34.34 lakh reduction a year earlier; finance costs increased to Rs 4.97 lakh from Rs 3.11 lakh.

What do Nirmitee Robotics' earnings-per-share figures show?

Nirmitee Robotics reported basic and diluted earnings per equity share of Rs 1.33 for the half year ended 30 September 2026, compared with Rs 0.34 for the half year ended 30 September 2025. These per-share figures moved in the opposite direction to reported profit, which declined to Rs 48.04 lakh from Rs 2.33 crore.

The filing does not provide an explanation or share-count reconciliation for the difference between the earnings-per-share movement and the profit movement. It shows share capital unchanged at Rs 3.60 crore at both 30 September 2026 and 31 March 2026. Reserves and surplus increased to Rs 2.88 crore from Rs 2.40 crore over the same six-month balance-sheet comparison.

What changed in Nirmitee Robotics' balance sheet by September 2026?

Nirmitee Robotics' total assets and total equity and liabilities rose to Rs 9.24 crore at 30 September 2026 from Rs 8.41 crore at 31 March 2026. Inventories increased to Rs 1.57 crore from Rs 50.21 lakh, while trade receivables declined to Rs 1.47 crore from Rs 1.57 crore. Cash and cash equivalents increased to Rs 2.48 crore from Rs 2.36 crore.

Short-term borrowings increased to Rs 1.81 crore at 30 September 2026 from Rs 1.15 crore at 31 March 2026, an increase of Rs 66.40 lakh. Long-term borrowings were unchanged at Rs 28.58 lakh. Other current liabilities fell to Rs 7.86 lakh from Rs 25.58 lakh, and short-term provisions declined to Rs 55.42 lakh from Rs 71.53 lakh.

What did Nirmitee Robotics report on cash flow and review?

Nirmitee Robotics generated net cash from operating activities of Rs 18.78 lakh in the half year ended 30 September 2026. Operating profit before working-capital changes was Rs 49.21 lakh, and the cash-flow statement recorded a Rs 1.07 crore inventory outflow. The increase in short-term borrowings contributed Rs 66.40 lakh to working-capital cash movements.

Cash and cash equivalents increased by Rs 12.60 lakh during the half year to Rs 2.48 crore. Investing activities used Rs 1.21 lakh and financing activities used Rs 4.97 lakh. BP S D & Associates issued an unmodified review conclusion on 13 November 2026, stating that nothing had come to its attention suggesting the results lacked required disclosures or contained a material misstatement; it also stated that the review was not an audit.

Conclusion

Nirmitee Robotics remained profitable in the half year ended 30 September 2026, but its revenue and profit both contracted year on year. The combination of a Rs 1.14 crore revenue reduction and a Rs 78.31 lakh increase in total expenses reduced profit for the period to Rs 48.04 lakh, while inventories and short-term borrowings rose from their 31 March 2026 levels.

The main unresolved matter is the earnings-per-share presentation: the filing shows earnings per share rising to Rs 1.33 from Rs 0.34 even as profit fell 79%, without a share-count reconciliation. Nirmitee Robotics also disclosed no revenue target, forecast or scheduled operating initiative in the results filing, leaving subsequent disclosures to clarify these items.