Ortin Global Limited September loss narrows to Rs 26.86 lakh

Ortin Global Limited reported a Rs 26.86 lakh loss for the quarter ended September 30, 2026, compared with a Rs 50.25 lakh loss a year earlier, as total expenses declined to Rs 30.58 lakh. Ortin Global also recorded a Rs 43.97 lakh operating cash outflow in the first half and closed September with Rs 39.06 lakh in cash and cash equivalents.

What changed in Ortin Global’s September-quarter result?

Ortin Global’s loss after tax narrowed to Rs 26.86 lakh in the quarter ended September 30, 2026, from Rs 33.79 lakh in the preceding June quarter and Rs 50.25 lakh in the September 2025 quarter. There were no exceptional items in any of the three reported quarters.

Net sales and income from operations rose to Rs 3.14 lakh from Rs 1.16 lakh in the June 2026 quarter and Rs 1.40 lakh in the year-earlier quarter. Other operating income was Rs 0.76 lakh, compared with Rs 0.44 lakh sequentially and nil in September 2025, taking total income to Rs 3.90 lakh.

Total expenses fell by Rs 4.48 lakh from the June quarter and by Rs 21.08 lakh from a year earlier. Other expenditure declined to Rs 23.60 lakh from Rs 29.97 lakh in June and Rs 47.80 lakh a year earlier, while employee benefits expense was unchanged sequentially at Rs 4.02 lakh. Basic and diluted earnings per share, or EPS, was a loss of Rs 0.33, against losses of Rs 0.42 and Rs 0.62 in the comparative quarters.

How did Ortin Global perform in the first half?

Ortin Global’s loss after tax for the half year ended September 30, 2026 narrowed to Rs 60.65 lakh from Rs 67.79 lakh in the corresponding 2025 period, although total income declined to Rs 5.50 lakh from Rs 9.49 lakh. Total expenses decreased to Rs 65.64 lakh from Rs 76.04 lakh.

Six-month net sales were Rs 4.30 lakh, down from Rs 5.38 lakh a year earlier, while other operating income fell to Rs 1.20 lakh from Rs 4.11 lakh. Other expenditure decreased by Rs 10.36 lakh to Rs 53.57 lakh, whereas employee benefits expense increased to Rs 8.04 lakh from Rs 7.27 lakh.

The half-year pre-tax loss was Rs 60.14 lakh, compared with Rs 66.55 lakh in the prior-year period. Deferred tax expense was Rs 0.51 lakh versus Rs 1.24 lakh, and current tax was nil in both periods. Half-year EPS was a loss of Rs 0.75, compared with a loss of Rs 0.83. Ortin Global said all of its operations were in one segment, making segment reporting under Indian Accounting Standard 108 inapplicable.

Why did Ortin Global’s cash balance decline?

Ortin Global’s cash and cash equivalents fell by Rs 21.53 lakh in the half year ended September 30, 2026, closing at Rs 39.06 lakh compared with Rs 60.59 lakh at the beginning of the financial year. The company reported net cash used in operating activities of Rs 43.97 lakh.

The operating cash outflow began with a pre-tax loss of Rs 60.14 lakh and an operating loss before working-capital changes of Rs 60.04 lakh. Working-capital movements contributed Rs 16.07 lakh, including a Rs 20.30 lakh increase in other current liabilities and a Rs 4.38 lakh increase in trade payables. These were partly offset by a Rs 7.98 lakh increase in other assets and a Rs 0.88 lakh increase in trade and other receivables.

Financing activities provided Rs 22.44 lakh, comprising Rs 22.50 lakh of proceeds from borrowings less Rs 0.06 lakh of finance cost. Ortin Global reported no fixed-asset purchases for the half year. The comparative cash-flow column covers the full year ended March 31, 2026, when operating cash outflow was Rs 55.96 lakh and closing cash was Rs 60.59 lakh, so it is not a like-for-like half-year comparison.

What does Ortin Global’s September balance sheet show?

Ortin Global reported total assets of Rs 4.51 crore at September 30, 2026, down from Rs 4.65 crore at March 31, 2026. Current assets were Rs 3.71 crore, including Rs 3.11 crore of other current assets, Rs 39.06 lakh of cash and cash equivalents, and Rs 20.93 lakh of trade receivables.

Non-current assets were Rs 79.72 lakh at September 30, compared with Rs 80.48 lakh at March 31. The September balance included Rs 75.40 lakh of other financial assets, a deferred-tax asset of Rs 4.32 lakh and property, plant and equipment of Rs 46,000. Other financial assets had been Rs 75.65 lakh at the March year-end.

Total equity declined to Rs 63.06 lakh from Rs 1.24 crore over the six months. Equity share capital remained Rs 8.13 crore, while other equity moved to a negative Rs 7.50 crore from a negative Rs 6.89 crore. The Rs 60.65 lakh movement in other equity corresponds with the reported first-half comprehensive loss.

Non-current borrowings rose to Rs 1.23 crore at September 30 from Rs 1.01 crore at March 31. Current liabilities increased to Rs 2.65 crore from Rs 2.41 crore, including Rs 2.57 crore of other current liabilities and Rs 8.22 lakh of trade payables. Total assets and total equity and liabilities each stood at Rs 4.51 crore at September 30.

What did the limited review and auditor change disclose?

Ortin Global’s board approved the unaudited quarterly and half-year results on November 11, 2026, after the audit committee’s recommendation. Mathesh and Ramana’s limited-review report dated November 11 said nothing had come to its attention indicating that the results lacked required disclosures or contained a material misstatement.

The reviewer stated that a limited review provides less assurance than an audit because it is primarily based on inquiries and analytical procedures. Mathesh and Ramana resigned as statutory auditor effective November 12, 2026, citing preoccupation with other professional assignments. Its resignation disclosure stated that it had no concerns to report and had not faced a lack of information with significant impact.

The board appointed S. D. Mehta & Co. on November 11, 2026, effective November 12, subject to shareholder approval. Ortin Global said a general meeting would be convened within three months of the board recommendation, and S. D. Mehta & Co. would hold office until the conclusion of the next annual general meeting, subject to members’ approval.

Conclusion

Ortin Global’s September-quarter loss narrowed against both the preceding quarter and the year-earlier period as expenses, particularly other expenditure, declined faster than income changed. The first-half results also showed a smaller reported loss, but net sales decreased, operating activities used Rs 43.97 lakh of cash, and the closing cash balance was Rs 39.06 lakh.

The next disclosed event is the general meeting to be convened within three months of the November 11, 2026 board recommendation to seek approval for S. D. Mehta & Co. as statutory auditor. Future results will show whether first-half net sales of Rs 4.30 lakh and the reported operating cash outflow change after September 30, 2026.