Nurture Well reports ₹44.44 crore Q2 standalone goods sales

Nurture Well Industries Limited recorded ₹44.44 crore of standalone goods sales in the quarter ended 30 September 2026, compared with no such sales a year earlier, and reported profit after tax of ₹2.17 crore. The goods-sales line took revenue from operations to ₹47.07 crore, compared with ₹2.16 crore in the September 2025 quarter.

How much did Nurture Well sell in the September 2026 quarter?

Nurture Well sold ₹44.44 crore of goods in the quarter ended 30 September 2026, accounting for most of its ₹47.07 crore revenue from operations. The company reported no sale of goods in the quarter ended 30 September 2025, when revenue from operations was ₹2.16 crore, or in the quarter ended 30 June 2026, when revenue was ₹2.79 crore.

Other operating income was ₹2.62 crore in the September 2026 quarter, down from ₹2.79 crore in the preceding June quarter but above ₹2.16 crore a year earlier. Other income was ₹2.35 lakh in the September quarter, taking total income to ₹47.09 crore, against ₹2.79 crore in June 2026 and ₹2.35 crore in September 2025.

For the six months ended 30 September 2026, sale of goods was also ₹44.44 crore, indicating that the reported first-half goods sales were booked in the September quarter. First-half revenue from operations was ₹49.85 crore, including ₹5.41 crore of other operating income, while the corresponding six months of 2025 had no reported goods sales and total income of ₹4.26 crore.

How did the September-quarter sales affect Nurture Well’s profit?

Nurture Well’s profit after tax rose to ₹2.17 crore in the September 2026 quarter from ₹1.36 crore in the September 2025 quarter and ₹1.51 crore in the June 2026 quarter. Profit before tax was ₹2.90 crore, compared with ₹1.82 crore a year earlier and ₹2.02 crore in the prior quarter.

Purchase of stock in trade was ₹45.27 crore during the September quarter, the largest reported expense alongside the ₹44.44 crore goods-sales line. Changes in inventories of finished goods, work in progress and stock in trade were negative ₹1.55 crore, which reduced reported total expenses to ₹44.19 crore from total income of ₹47.09 crore.

Employee-benefit expense was ₹8.65 lakh, finance cost was ₹21.24 lakh, depreciation expense was ₹5.90 lakh and other expenses were ₹11.18 lakh. Tax expense of ₹73.01 lakh comprised ₹73.17 lakh of current tax and negative ₹16,000 of deferred tax, producing the reported ₹2.17 crore profit after tax.

For the six months ended 30 September 2026, profit before tax was ₹4.92 crore and profit after tax was ₹3.68 crore, compared with ₹3.48 crore and ₹2.60 crore respectively in the six months ended 30 September 2025. Total comprehensive income was ₹1.89 crore for the 2026 half year because the filing recorded negative other comprehensive income of ₹1.79 crore, separately from profit after tax.

What changed in Nurture Well’s working capital after goods sales?

Nurture Well reported ₹1.55 crore of inventory and ₹21.20 crore of trade receivables at 30 September 2026, while the 31 March 2026 balance sheet showed no inventory balance and no trade-receivables balance. These new current-asset balances appeared in the same six-month period as ₹44.44 crore of goods sales.

The cash-flow statement records a ₹1.55 crore increase in inventories, a ₹21.20 crore increase in trade receivables and a ₹9.57 crore increase in other current assets for the six months ended 30 September 2026. These working-capital movements were partly offset by a ₹21.92 crore increase in trade payables and a ₹1.30 crore increase in current borrowings.

Trade payables were ₹21.96 crore at 30 September 2026, up from ₹31.34 lakh at 31 March 2026. Total current liabilities rose to ₹24.43 crore from ₹16.33 crore, while current borrowings changed only to ₹26.87 lakh from ₹25.56 lakh, making payables the larger movement in current liabilities.

What do Nurture Well’s balance sheet and cash flows show?

Nurture Well’s total equity was ₹199.74 crore at 30 September 2026, compared with ₹197.85 crore at 31 March 2026, while total liabilities were ₹24.98 crore compared with ₹16.33 crore. Paid-up equity share capital was unchanged at ₹23.33 crore, and other equity increased to ₹176.41 crore from ₹174.52 crore.

Non-current borrowings fell to ₹55.54 lakh at 30 September 2026 from ₹14.71 crore at 31 March 2026. Investments declined to ₹87.05 crore from ₹89.99 crore, loans receivable declined to ₹98.05 crore from ₹117.06 crore, and property, plant and equipment decreased to ₹1.43 crore from ₹1.55 crore.

Net cash used in operating activities was ₹10.12 crore for the six months ended 30 September 2026, despite profit before tax of ₹4.92 crore. The operating-cash calculation included ₹5.41 crore of interest income from a subsidiary, ₹51.44 lakh of interest expense and the disclosed movements in receivables, inventory, other current assets and payables.

Investing activities generated ₹25.30 crore and financing activities used ₹14.67 crore in the six-month period. Cash and cash equivalents consequently increased by ₹1.65 lakh, from ₹14.34 lakh at the opening of the period to ₹15.99 lakh at 30 September 2026; the filing separately records ₹18.52 crore of borrowing repayments in financing activities.

How were Nurture Well’s standalone results reviewed?

Nurture Well’s board approved the unaudited standalone results for the quarter and six months ended 30 September 2026 on 12 November 2026. The filing says the Audit Committee reviewed and recommended the results before board approval.

Prem Gupta & Co., Chartered Accountants, issued an independent review report dated 12 November 2026 under Regulation 33 of the Securities and Exchange Board of India listing regulations. The auditor stated that nothing had come to its attention to indicate that the standalone statement failed to disclose required information or contained a material misstatement, while noting that a review provides less assurance than an audit.

Conclusion

Nurture Well’s September-quarter standalone result reflects a substantial change in revenue composition, with ₹44.44 crore of goods sales added to a business that reported no goods sales in either the preceding June quarter or the comparable September 2025 quarter. Profit after tax increased to ₹2.17 crore, but the same period also brought ₹21.20 crore of receivables, ₹1.55 crore of inventory and a ₹10.12 crore operating cash outflow for the first half.

The filing does not disclose a goods-sales target or a scheduled update on this activity. The next results will therefore be relevant for whether goods sales continue beyond the ₹44.44 crore reported for the six months ended 30 September 2026 and whether receivables, inventory and trade payables translate into operating cash.