Omega Interactive reports Rs 77.09 crore H1 cash outflow

Omega Interactive Technologies Limited reported a standalone net operating cash outflow of Rs 77.09 crore for the half year ended September 30, 2026, despite Rs 2.39 crore of profit for the period. A Rs 126.87 crore increase in loans, Rs 21.15 crore in higher inventories and Rs 15.23 crore in additional trade receivables drove the cash use.

Why did Omega Interactive report an H1 operating cash outflow?

Omega Interactive reported a Rs 77.09 crore net cash outflow from operating activities for the half year ended September 30, 2026, compared with a Rs 5.17 crore inflow in the half year ended September 30, 2025. Operating profit before working-capital changes was Rs 5.86 crore, including Rs 27,000 of depreciation and amortisation, but changes in operating balances reversed that initial cash generation.

The largest cash use was the Rs 126.87 crore increase in loans, followed by Rs 21.15 crore tied up in inventories and Rs 15.23 crore in trade receivables. These movements were partly offset by a Rs 19.41 crore increase in trade payables and a Rs 64.89 crore increase in other current and non-current liabilities. Cash used in operations reached Rs 73.65 crore before net income-tax payments of Rs 3.44 crore took the operating outflow to Rs 77.09 crore.

How did loans, inventory and receivables change at Omega Interactive?

Omega Interactive’s standalone current assets increased to Rs 291.25 crore at September 30, 2026 from Rs 127.69 crore at March 31, 2026. Loans accounted for the largest movement, reaching Rs 158.37 crore from Rs 31.50 crore. The Rs 126.87 crore cash-flow movement in loans was larger than the Rs 77.09 crore total operating cash outflow.

Trade receivables rose to Rs 107.17 crore at September 30 from Rs 91.94 crore at March 31, while inventories increased to Rs 22.89 crore from Rs 1.74 crore. The cash-flow statement records working-capital outflows of Rs 15.23 crore for receivables and Rs 21.15 crore for inventories. It also records a Rs 65.36 lakh release from other current or non-current assets.

The increase in these balances accompanied higher reported activity. Standalone revenue from operations was Rs 97.70 crore for the half year ended September 30, 2026, compared with Rs 40.48 crore a year earlier. Purchases of stock-in-trade rose to Rs 117.59 crore from Rs 35.85 crore, while the income statement recorded a Rs 26.10 crore reduction in inventories of finished goods, work-in-progress and stock-in-trade.

How was Omega Interactive’s operating cash deficit financed?

Omega Interactive generated Rs 76.09 crore from financing activities in the half year ended September 30, 2026, largely offsetting the Rs 77.09 crore operating outflow and Rs 99,000 investing outflow. Financing inflows comprised Rs 28.09 crore of net proceeds from equity shares, share warrants or application money and Rs 48.00 crore of net proceeds from borrowings. In the comparable 2025 half year, financing activities used Rs 3.05 crore, including a Rs 9.52 crore net repayment of borrowings.

The notes state that Omega Interactive received money against share warrants and allotted equity shares during the half year. Paid-up equity share capital was Rs 8.34 crore at September 30, 2026, comprising 83,391,890 equity shares of Rs 1 each. Total standalone equity increased to Rs 101.65 crore at September 30 from Rs 69.17 crore at March 31.

What happened to Omega Interactive’s cash and reported profit?

Omega Interactive’s cash and cash equivalents fell by Rs 1.01 crore during the half year, to Rs 83.21 lakh at September 30, 2026 from Rs 1.84 crore at the beginning of the period. The movement reflects the Rs 77.09 crore operating outflow, Rs 99,000 investing outflow and Rs 76.09 crore financing inflow. Investing cash flow included Rs 1,000 spent on property, plant and equipment and Rs 1 lakh of net investment purchases.

The cash result differed from the income statement because the cash-flow statement records timing changes in loans, receivables and inventories. Omega Interactive reported standalone profit before tax of Rs 5.86 crore for the 2026 half year, against Rs 2.08 crore in the corresponding 2025 half year. After Rs 1.47 crore of current tax expense, profit for the period was Rs 2.39 crore, compared with Rs 2.08 crore a year earlier.

Standalone total assets reached Rs 293.84 crore at September 30, 2026, compared with Rs 130.22 crore at March 31. The balance sheet included Rs 74.60 crore of trade payables, up from Rs 55.19 crore, and Rs 66.68 crore of other current liabilities, up from Rs 1.79 crore. Those liability increases provided operating-cash offsets but did not fully cover the increases in loans, inventories and receivables.

Conclusion

Omega Interactive’s September 2026 half-year filing shows that its Rs 2.39 crore reported profit did not translate into operating cash generation. The Rs 126.87 crore increase in loans, alongside Rs 21.15 crore in higher inventories and Rs 15.23 crore in additional receivables, resulted in a Rs 77.09 crore operating outflow. Equity-related proceeds of Rs 28.09 crore and net borrowing proceeds of Rs 48.00 crore supplied most of the financing.

The next reporting periods will show whether the September 30 balances of Rs 158.37 crore in loans and Rs 107.17 crore in trade receivables convert into cash. The disclosed balance sheet also carries Rs 48.29 crore of non-current borrowings and closing cash and cash equivalents of Rs 83.21 lakh, following warrant-related receipts and equity-share allotments during the half year.