Panabyte returns to Q2 profit as revenue falls 48% year-on-year

Panabyte Technologies Limited reported a Rs 13.18 lakh profit for the quarter ended September 30, 2026, reversing a Rs 21.11 lakh loss in the June 2026 quarter, as revenue from operations rose to Rs 1.48 crore sequentially. Revenue nevertheless fell 48% from Rs 2.87 crore in the September 2025 quarter.

What did Panabyte report for the September 2026 quarter?

Panabyte reported standalone unaudited profit of Rs 13.18 lakh for the quarter ended September 30, 2026, compared with a Rs 21.11 lakh loss for the quarter ended June 30, 2026. Profit was Rs 36.20 lakh in the quarter ended September 30, 2025, so the sequential recovery remained below the prior-year result.

Revenue from operations was Rs 1.48 crore in the September 2026 quarter, against Rs 85.40 lakh in June 2026 and Rs 2.87 crore a year earlier. Other income was Rs 6.79 lakh, taking total income to Rs 1.55 crore, compared with Rs 92.49 lakh in the preceding quarter and Rs 2.93 crore in September 2025.

Profit before tax was Rs 22.96 lakh in September 2026, against a Rs 31.75 lakh pre-tax loss in June 2026 and Rs 42.07 lakh pre-tax profit a year earlier. Basic earnings per share were Rs 0.20, compared with negative Rs 0.32 in June 2026 and Rs 0.70 in September 2025; diluted earnings per share were also Rs 0.20.

Why did Panabyte return to profit in the September quarter?

Panabyte's return to profit coincided with total income rising to Rs 1.55 crore from Rs 92.49 lakh in June 2026, while total expenses increased to Rs 1.32 crore from Rs 1.24 crore. That change moved profit before tax from a Rs 31.75 lakh loss to a Rs 22.96 lakh profit over the two quarters.

Purchases of stock-in-trade declined to Rs 35.96 lakh in September from Rs 39.60 lakh in June, while employee-benefit expense rose to Rs 64 lakh from Rs 62.44 lakh. Other expenses increased to Rs 17.77 lakh from Rs 12.62 lakh, and finance costs rose to Rs 11.89 lakh from Rs 11.30 lakh.

The September quarter included deferred-tax expense of Rs 9.78 lakh, compared with a deferred-tax credit of Rs 10.64 lakh in the June quarter. The filing reported no current-tax expense in either quarter, while the change in pre-tax result resulted in the Rs 13.18 lakh post-tax profit for September.

How did Panabyte's first-half performance compare with last year?

Panabyte recorded a Rs 7.93 lakh loss for the half year ended September 30, 2026, compared with Rs 23.11 lakh profit in the corresponding half of 2025. The Rs 13.18 lakh September-quarter profit did not fully offset the Rs 21.11 lakh loss recorded in the June quarter.

Half-year revenue from operations fell to Rs 2.34 crore from Rs 4.73 crore in the year-earlier period, while total income decreased to Rs 2.47 crore from Rs 4.87 crore. Total expenses declined to Rs 2.56 crore from Rs 4.63 crore, producing a Rs 8.79 lakh pre-tax loss versus a Rs 23.77 lakh pre-tax profit a year earlier.

Employee-benefit expense increased to Rs 1.26 crore in the six months ended September 30, 2026 from Rs 1.01 crore a year earlier. Purchases of stock-in-trade fell to Rs 75.56 lakh from Rs 2.89 crore, while finance costs rose to Rs 23.19 lakh from Rs 20.24 lakh and other expenses declined to Rs 30.39 lakh from Rs 34.71 lakh.

What changed in Panabyte's balance sheet by September 2026?

Panabyte's total assets rose to Rs 16.54 crore at September 30, 2026 from Rs 16.06 crore at March 31, 2026. Other current assets increased to Rs 5.39 crore from Rs 4.63 crore, while trade receivables declined to Rs 3.95 crore from Rs 4.40 crore.

Inventories increased to Rs 1.83 crore from Rs 1.76 crore, and cash and cash equivalents rose to Rs 5.72 lakh from Rs 5.56 lakh. Property, plant and equipment declined to Rs 20.52 lakh from Rs 24.21 lakh, while deferred-tax assets increased to Rs 35.13 lakh from Rs 34.28 lakh.

Equity share capital was unchanged at Rs 6.69 crore, while other equity decreased to Rs 82.42 lakh from Rs 90.35 lakh. Current borrowings rose to Rs 3.66 crore from Rs 3.38 crore, and the September 2026 statement also recorded Rs 50 lakh of non-current borrowings.

What did Panabyte's limited review report say?

Panabyte's auditor, KPB & Associates, stated on November 5, 2026 that nothing had come to its attention indicating that the unaudited standalone results for the September 2026 quarter lacked required disclosures or contained a material misstatement. The firm conducted its review under Standard on Review Engagement 2410.

KPB & Associates said a review provides moderate assurance and is based mainly on inquiries and analytical procedures, rather than an audit. It therefore did not express an audit opinion on the September 30, 2026 financial results.

Panabyte Chairman and Managing Director Prakash Vichhivora certified on November 5, 2026 that the quarter and half-year results did not contain false or misleading statements or omit material facts. The certification was made under Regulation 33(2)(a) of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Conclusion

Panabyte's September 2026 quarter marked a sequential move from a Rs 21.11 lakh loss to a Rs 13.18 lakh profit as revenue rose from Rs 85.40 lakh to Rs 1.48 crore. The year-on-year comparison was still lower, with revenue down from Rs 2.87 crore and profit down from Rs 36.20 lakh in September 2025.

The filing does not disclose a revenue target or operating plan for the next quarter. The unresolved financial position to watch is whether future quarterly results can reverse the Rs 7.93 lakh first-half loss while current borrowings, reported at Rs 3.66 crore on September 30, 2026, remain elevated from Rs 3.38 crore at March 31, 2026.