Oscar Global reports nil revenue as cash falls to Rs 10.78 lakh

Oscar Global Limited reported nil revenue from operations in the half year ended September 30, 2026, while cash and cash equivalents fell Rs 42.99 lakh to Rs 10.78 lakh from Rs 53.76 lakh at March 31, 2026. Oscar Global recorded a first-half net loss of Rs 3.58 lakh.

What were Oscar Global's September-quarter and first-half results?

Oscar Global recorded nil revenue from operations in both the quarter and half year ended September 30, 2026. First-half total income was Rs 3.94 lakh, comprising other income, compared with Rs 7.89 lakh in the half year ended September 30, 2025. The September 2026 quarter had no other income, compared with Rs 3.94 lakh in the June 2026 quarter.

The September-quarter net loss was Rs 2.14 lakh, compared with a Rs 1.44 lakh loss in the preceding quarter and a Rs 3.34 lakh loss a year earlier. For the half year, the net loss narrowed to Rs 3.58 lakh from Rs 6.43 lakh in the corresponding 2025 period, as total expenses fell to Rs 7.52 lakh from Rs 14.32 lakh.

Employee benefit expense declined to Rs 1.52 lakh in the half year ended September 30, 2026 from Rs 5.25 lakh a year earlier, while other expenses declined to Rs 5.99 lakh from Rs 9.07 lakh. Basic and diluted loss per share was Rs 0.11 for the first half, compared with Rs 0.20 in the prior-year period. The company reported no exceptional items and no tax expense in either period.

Why did Oscar Global's cash balance decline?

Oscar Global's cash and cash equivalents decreased by Rs 42.99 lakh in the half year ended September 30, 2026, to Rs 10.78 lakh from an opening balance of Rs 53.76 lakh. Net cash used in operating activities was Rs 8.34 lakh and net cash used in investing activities was Rs 34.64 lakh, while financing activities recorded no cash flow.

Loans and advances were the main investing outflow at Rs 38.58 lakh during the first half. This was partly offset by Rs 3.94 lakh reported as income from investing activities. In the year ended March 31, 2026, loans and advances were Rs 10.12 lakh and income from investing activities was Rs 14.34 lakh, producing net investing cash inflow of Rs 4.22 lakh rather than an outflow.

Operating cash flow reflected the Rs 3.58 lakh pre-tax loss, Rs 0.66 lakh movement in trade and other receivables, and Rs 0.17 lakh movement in trade and other payables. The cash-flow statement reported operating profit before working-capital changes of negative Rs 7.52 lakh, including the Rs 3.94 lakh interest adjustment.

What does Oscar Global's September 2026 balance sheet show?

Oscar Global reported total assets of Rs 2.8346 crore at September 30, 2026, down from Rs 2.8721 crore at March 31, 2026. Non-current assets rose to Rs 2.6176 crore from Rs 2.2318 crore, while current assets fell to Rs 21.70 lakh from Rs 64.03 lakh.

Other non-current assets increased by Rs 38.58 lakh to Rs 2.6171 crore at September-end. That increase matched the loans-and-advances outflow shown in the first-half cash-flow statement. Cash declined by Rs 42.98 lakh on the balance sheet, while other current assets increased to Rs 2.09 lakh from Rs 1.43 lakh and other financial assets remained Rs 8.83 lakh.

Equity share capital was unchanged at Rs 3.2918 crore, with a face value of Rs 10 per share. Other equity was negative Rs 45.72 lakh at September 30, 2026, compared with negative Rs 42.14 lakh at March 31, 2026, a movement equal to the first-half loss. The balance sheet showed no borrowings at either reporting date.

How were Oscar Global's results reviewed and prepared?

Oscar Global's audit committee reviewed and its board approved the standalone unaudited results on November 14, 2026. The company prepared the statements under Indian Accounting Standard 34, Interim Financial Reporting, and said it operated in a single segment under Indian Accounting Standard 108.

Oscar Global said it was not required to comply with Indian Accounting Standard 18 on revenue recognition because it had no revenue from operations in the period under review. Joshi Gadgil & Co.'s review report dated November 14, 2026 said nothing had come to its attention to indicate that the statement did not disclose required information or contained a material misstatement. The reviewer noted that the September-quarter figures were balancing figures derived from the first-half and June-quarter standalone results.

What management changes did Oscar Global disclose on November 14?

Oscar Global appointed Shashank Srivastava as whole-time director and chief financial officer effective November 14, 2026, for five consecutive years, subject to shareholder approval. The company said he would lead financial and operational execution under new management control, and disclosed his experience across travel, tourism and fintech sectors.

On the same date, Oscar Global appointed Subhash Gundappa Kutte and Rahul Singh as non-executive independent directors, and Ankita Khandelwal as a non-executive non-independent director. Each appointment was for a first five-year term. The company also accepted the immediate resignations of the entire existing board and outgoing key managerial personnel, and appointed Deepika Narayan Koli as company secretary and compliance officer.

Conclusion

Oscar Global's first-half disclosure shows no operating revenue, a Rs 3.58 lakh net loss and a substantial shift in liquid resources. Although the loss narrowed from Rs 6.43 lakh a year earlier as expenses declined, cash fell to Rs 10.78 lakh after Rs 38.58 lakh of loans and advances and Rs 8.34 lakh of operating cash use.

The next disclosed matter to watch is shareholder approval of Shashank Srivastava's five-year appointment as whole-time director and chief financial officer. Future filings can also show whether the new management's stated financial and operational execution produces operating revenue and how the loans and advances affect cash resources.