Odyssey Technologies reports Rs 672.17 lakh operating outflow

Odyssey Technologies Limited reported a Rs 672.17 lakh net operating cash outflow for the half year ended September 30, 2026, compared with an outflow of Rs 447.07 lakh a year earlier, as trade receivables absorbed Rs 407.68 lakh and closed at Rs 782.13 lakh. Other current assets used a further Rs 350.29 lakh of cash.

Why did Odyssey Technologies report an operating cash outflow?

Odyssey Technologies reported a Rs 672.17 lakh operating cash outflow because its working-capital movements and tax payments exceeded cash generated from the half-year operations. Cash generated from or used in operating activities before tax was negative Rs 519.26 lakh for the half year ended September 30, 2026, and income tax paid was Rs 92.91 lakh.

The largest identified cash use was the Rs 407.68 lakh increase in trade receivables. The cash-flow statement records an increase in receivables as a negative movement because amounts recognised in revenue had not been received as cash during the period. Other current assets consumed Rs 350.29 lakh, while the increase in trade payables and other liabilities provided Rs 246.71 lakh.

Profit before tax was Rs 32.55 lakh in the 2026 half year, down from Rs 189.28 lakh in the corresponding 2025 half year. Depreciation and amortisation added Rs 73.05 lakh back in the cash-flow reconciliation, while interest income of Rs 131.53 lakh and a Rs 4.82 lakh gain on liquid-fund investments were deducted.

How much did Odyssey Technologies' receivables increase?

Odyssey Technologies' trade receivables rose by Rs 407.69 lakh to Rs 782.13 lakh at September 30, 2026, from Rs 374.44 lakh in the reported comparison balance sheet. The closing receivables balance was more than twice the comparison balance, and the increase broadly corresponds with the Rs 407.68 lakh negative receivables movement in the cash-flow statement.

The receivables increase occurred while revenue from operations fell to Rs 1,137.87 lakh in the half year ended September 30, 2026, from Rs 1,277.36 lakh in the corresponding 2025 half year. Revenue was therefore lower by Rs 139.49 lakh year on year, whereas the reported closing receivables balance increased by Rs 407.69 lakh against the balance-sheet comparison point.

The filing does not provide a receivables ageing schedule, customer concentration data, overdue amounts or a collection timetable. It does identify the receivables movement in the cash-flow statement, making it the largest individual working-capital use disclosed for the 2026 half year.

What other working-capital balances changed at Odyssey Technologies?

Odyssey Technologies reported other current assets of Rs 567.45 lakh at September 30, 2026, compared with Rs 217.16 lakh in the reported comparison balance sheet. The Rs 350.29 lakh increase matches the negative movement under changes in other current assets in the half-year cash-flow statement.

Current liabilities rose to Rs 610.41 lakh from Rs 363.70 lakh in the comparison balance sheet. Within that total, other current liabilities increased to Rs 584.29 lakh from Rs 341.29 lakh, while trade payables due to micro and small enterprises were Rs 4.53 lakh and amounts due to other creditors were Rs 15.27 lakh at September 30, 2026.

The cash-flow statement groups changes in trade payables and other liabilities together and records a Rs 246.71 lakh cash inflow for the 2026 half year. The corresponding grouped inflow was Rs 539.57 lakh in the 2025 half year, so this source of working-capital cash was Rs 292.86 lakh lower year on year.

What happened to Odyssey Technologies' cash balance?

Odyssey Technologies had cash and cash equivalents of Rs 3,689.58 lakh at September 30, 2026, down from Rs 4,332.55 lakh at the beginning of the year. The net decrease was Rs 642.97 lakh, comprising the Rs 672.17 lakh operating outflow, partly offset by a Rs 123.04 lakh investing inflow and followed by a Rs 153.84 lakh financing outflow.

Investing activities generated Rs 123.04 lakh, compared with Rs 115.54 lakh in the corresponding 2025 half year. Interest received was Rs 131.63 lakh and liquid-fund investment gains were Rs 4.82 lakh, offset by Rs 13.41 lakh spent on fixed assets; in the 2025 half year, fixed-asset purchases were Rs 24.81 lakh.

Financing activities used Rs 153.84 lakh, primarily reflecting Rs 155.42 lakh of dividend payments. Odyssey Technologies received Rs 3.72 lakh from the issue of share capital and Rs 1.86 lakh of securities premium; the board had recommended a final dividend of Rs 1 per equity share of face value Rs 10, which was paid on June 9, 2026.

How did Odyssey Technologies' earnings and balance sheet change?

Odyssey Technologies reported net profit of Rs 22.90 lakh for the half year ended September 30, 2026, compared with Rs 139.74 lakh in the corresponding 2025 half year. Total income declined to Rs 1,274.32 lakh from Rs 1,477.71 lakh, while total expenses increased to Rs 1,241.77 lakh from Rs 1,228.43 lakh.

Employee-benefit expense declined by Rs 13.46 lakh to Rs 968.04 lakh, and depreciation and amortisation fell by Rs 13.39 lakh to Rs 73.05 lakh. Other expenses increased by Rs 40.19 lakh to Rs 200.68 lakh, contributing to the decline in profit before tax to Rs 32.55 lakh from Rs 189.28 lakh.

Total assets were Rs 6,503.27 lakh at September 30, 2026, compared with Rs 6,399.45 lakh in the reported comparison balance sheet. Current assets increased to Rs 5,274.69 lakh from Rs 5,085.34 lakh, while non-current assets declined to Rs 1,228.58 lakh from Rs 1,313.11 lakh. The company reported one reportable segment under Indian Accounting Standard 108, or Ind AS 108.

Basic earnings per share, marked as annualised in the results, were Rs 0.15 for the half year ended September 30, 2026, compared with Rs 0.88 for the corresponding 2025 period. The standalone unaudited results were reviewed by the audit committee, approved by the board on November 4, 2026, and subjected to limited review by the statutory auditors.

Conclusion

Odyssey Technologies' first-half cash flow was affected by working-capital absorption, led by the Rs 407.68 lakh receivables movement and the Rs 350.29 lakh increase in other current assets. The resulting Rs 672.17 lakh operating outflow was larger than the Rs 447.07 lakh outflow a year earlier, while profit before tax declined from Rs 189.28 lakh to Rs 32.55 lakh.

The next financial results will show whether the Rs 782.13 lakh receivables balance and Rs 567.45 lakh other-current-assets balance convert into cash and how this affects the Rs 3,689.58 lakh cash balance. The filing gives no collection target or timetable, while it confirms that the Rs 1-per-share final dividend was paid on June 9, 2026.