Parle Industries posts Rs 6.72 crore half-year loss in September

Parle Industries Limited posted a consolidated loss of Rs 6.72 crore for the half year ended September 30, 2026, after recording a Rs 6.50 crore exceptional item in the June quarter. Operating revenue reached Rs 6.10 crore in the half year, versus Rs 34.30 lakh a year earlier, but the comparable period had produced a Rs 4.76 lakh profit.

Why did Parle Industries report a Rs 6.72 crore half-year loss?

Parle Industries reported the half-year loss because a Rs 6.50 crore exceptional item turned a pre-exceptional and pre-tax loss of Rs 6.18 lakh into a loss before tax of Rs 6.56 crore for the half year ended September 30, 2026. A tax expense of Rs 16.16 lakh then increased the reported loss after tax to Rs 6.72 crore. The results statement records the exceptional item in the quarter ended June 30, 2026, but does not state its nature.

The June quarter accounted for most of the loss. Parle Industries recorded a Rs 6.28 crore loss after tax for the quarter ended June 30, 2026, compared with a Rs 43.90 lakh loss in the September quarter. In the quarter ended September 30, 2025, the company had reported a Rs 5.24 lakh loss, while the half year ended September 30, 2025 had delivered a Rs 4.76 lakh profit after tax.

Before the exceptional item, the period showed a narrower difference from the prior year. Parle Industries reported a pre-exceptional loss before tax of Rs 6.18 lakh in the latest half year, compared with a pre-exceptional loss before tax of Rs 8.44 lakh in the corresponding 2025 half year. Basic and diluted earnings per share were both a loss of Rs 2.57 for the latest half year, against earnings of Rs 0.01 per share a year earlier.

Total expenses rose to Rs 6.18 crore from Rs 46.07 lakh in the year-earlier half year. Changes in inventories of finished goods, stock in trade and work in progress were Rs 5.60 crore, all recognised in the June 2026 quarter. Finance costs increased to Rs 16.18 lakh from Rs 7.32 lakh, while employee-benefit expense declined to Rs 11.02 lakh from Rs 11.55 lakh.

How did Parle Industries' revenue change during the half year?

Parle Industries' operating revenue rose to Rs 6.10 crore in the half year ended September 30, 2026 from Rs 34.30 lakh a year earlier, but the increase was concentrated in the June quarter. Operating revenue was Rs 6.08 crore in the quarter ended June 30, 2026 before falling to Rs 2.66 lakh in the September quarter. The September-quarter figure was also below Rs 10 lakh reported in the quarter ended September 30, 2025.

Total revenue, which includes other income, increased to Rs 6.12 crore from Rs 37.63 lakh in the comparable half year. Other income, however, fell to Rs 1.16 lakh from Rs 3.33 lakh, meaning the year-on-year increase came from operating revenue. In the September 2026 quarter, total revenue was Rs 3.53 lakh, comprising Rs 2.66 lakh of operating revenue and Rs 87,000 of other income.

Infrastructure and Real Estate generated all reported operating revenue of Rs 6.10 crore for the half year ended September 30, 2026. Paper waste recycling recorded nil revenue in the September quarter, June quarter and the latest half year. The segment statement also recorded Rs 1.16 lakh of unallocable income in the latest half year, bringing total revenue to Rs 6.12 crore.

The timing of revenue differed sharply between the two quarters. Infrastructure and Real Estate revenue was Rs 6.08 crore in June 2026, whereas it was Rs 2.66 lakh in September 2026. The segment statement showed no Paper waste recycling revenue in either quarter, so the filing provides no second operating revenue stream to offset the sequential decline.

What do Parle Industries' balance sheet and cash flows show?

Parle Industries reported total assets of Rs 133.93 crore at September 30, 2026, down from Rs 136.26 crore at March 31, 2026. Total equity fell to Rs 106.59 crore from Rs 113.27 crore over the same period, while other equity declined to Rs 57.74 crore from Rs 64.42 crore. The movement in equity coincided with the Rs 6.72 crore half-year consolidated loss.

Inventory decreased to Rs 20.83 crore at September 30 from Rs 32.92 crore at March 31, while trade receivables increased to Rs 8.82 crore from Rs 18,000. Other financial assets were Rs 86.35 crore, compared with Rs 86.03 crore at March 31. Cash and cash equivalents in the statement of assets and liabilities were Rs 8.55 lakh, down from Rs 1.74 crore.

Current liabilities increased to Rs 25.78 crore from Rs 17.81 crore at March 31, 2026. Other current liabilities rose to Rs 14.04 crore from Rs 65.38 lakh, while current borrowings increased to Rs 3.32 crore from Rs 3 crore. Trade payables other than amounts due to micro, small and medium enterprises were Rs 5.65 crore at September 30, compared with Rs 12.05 crore at March 31.

The consolidated cash-flow statement recorded net cash used in operating activities of Rs 26.33 lakh in the half year ended September 30, 2026, compared with Rs 26.18 lakh used a year earlier. It reported a Rs 12.10 crore decrease in inventories and a Rs 5.39 crore increase in trade receivables. The cash-flow statement reported cash and cash equivalents of Rs 5.54 lakh at the period end, against Rs 22.39 lakh at the start of the year.

What unresolved accounting matters did Parle Industries' auditor identify?

Parle Industries' auditor gave an unmodified review conclusion dated November 14, 2026, while drawing attention to pending arbitration involving share purchase agreements with Welldone Integrated Services Private Limited and Marvelous Vickyfoods Private Limited. The auditor said the ultimate outcome and resulting financial effect could not be determined as at September 30, 2026. Interim status quo directions issued by the Arbitration Tribunal remained in force at that date.

The filing says Rs 81.54 crore was accounted for in a forfeited shares reserve, comprising Rs 22.65 crore of forfeited share capital and Rs 58.89 crore of securities premium. During the year ended March 31, 2026, Parle Industries derecognised an Rs 81.54 crore investment in subsidiaries and reclassified the amount as other current assets pending final adjudication by the Arbitration Tribunal.

The auditor further said financial statements and other information for Welldone Integrated Services Private Limited and Marvelous Vickyfoods Private Limited had not been made available for consolidation. Management represented that the consequential impact cannot be determined until the litigation is resolved and enforceable control over the entities is established. Neither entity was consolidated in the September 2026 statement.

Golden Valley Treasure Park Private Limited, formerly Windfield Spaces Private Limited, was included as a subsidiary in the consolidated results. Its reviewed interim financial information showed total revenue of Rs 5.34 lakh and total comprehensive income or loss of Rs 93,000 for the quarter ended September 30, 2026. The group auditor based its conclusion on the review report issued by another auditor for that subsidiary.

Conclusion

Parle Industries combined substantially higher half-year operating revenue of Rs 6.10 crore with a Rs 6.72 crore consolidated loss, as the Rs 6.50 crore exceptional item recorded in June outweighed the underlying result. The September quarter added only Rs 2.66 lakh of operating revenue and a Rs 43.90 lakh loss, while Paper waste recycling continued to report nil revenue.

The next disclosures will indicate whether Infrastructure and Real Estate revenue recovers from the September-quarter level of Rs 2.66 lakh and whether receivables, which reached Rs 8.82 crore at September 30, change further. The unresolved arbitration, the Rs 81.54 crore reclassification and the absence of financial information for two non-consolidated entities remain matters to watch until final adjudication and a determination of enforceable control.