Pasura Industries posts Rs 35.60 lakh loss in September

Pasura Industries Limited reported a net loss of Rs 35.60 lakh for the quarter ended 30 September 2026, reversing a Rs 59.42 lakh profit in the June quarter after revenue from operations declined 22.8% sequentially to Rs 6.22 crore. Revenue nevertheless remained above Rs 5.19 crore in the year-earlier quarter.

Why did Pasura Industries report a September-quarter loss?

Pasura Industries reported a loss before tax of Rs 36.73 lakh in the September 2026 quarter, compared with profit before tax of Rs 79.40 lakh in the June 2026 quarter. Total income declined to Rs 6.40 crore from Rs 8.22 crore over the sequential comparison, while total expenses fell by a smaller absolute amount, to Rs 6.76 crore from Rs 7.43 crore.

The resulting net loss was Rs 35.60 lakh, compared with net profit of Rs 59.42 lakh in the preceding quarter and a net loss of Rs 1.23 crore in the quarter ended 30 September 2025. Thus, Pasura Industries moved from profit to loss quarter on quarter, but the reported loss was lower than the year-earlier loss by Rs 87.13 lakh. Basic and diluted earnings per share, not annualised, were negative Rs 0.02 in the September quarter, against positive Rs 0.03 in June and negative Rs 0.07 a year earlier.

How much did Pasura Industries revenue fall sequentially?

Pasura Industries recorded revenue from operations of Rs 6.22 crore for the September 2026 quarter, down Rs 1.83 crore from Rs 8.05 crore in the June quarter. That is a 22.8% sequential reduction, while revenue was Rs 1.03 crore, or about 19.8%, higher than the Rs 5.19 crore reported in the September 2025 quarter.

Other income rose to Rs 18.05 lakh from Rs 17.13 lakh in June and Rs 15.83 lakh a year earlier. This increase did not offset the lower operating revenue: total income fell by Rs 1.82 crore sequentially, from Rs 8.22 crore to Rs 6.40 crore. The filing identifies co-packing services as Pasura Industries' primary business and states that it has one reportable segment under Indian Accounting Standard 108, Operating Segments.

Employee-benefit expense declined by Rs 25.15 lakh sequentially to Rs 2.73 crore, while other expenses declined by Rs 44.78 lakh to Rs 2.71 crore. Finance cost rose by Rs 2.52 lakh to Rs 46.60 lakh, and depreciation and amortisation increased by Rs 1.14 lakh to Rs 85.49 lakh. Total expenses therefore fell by Rs 66.27 lakh, materially less than the Rs 1.82 crore reduction in total income.

What do Pasura Industries' half-year results show?

Pasura Industries remained profitable for the half year ended 30 September 2026, reporting net profit after tax of Rs 23.81 lakh despite the September-quarter loss. The half-year result was below the Rs 81.81 lakh profit reported for the half year ended 30 September 2025, a reduction of Rs 58.00 lakh.

Revenue from operations for the six-month period increased to Rs 14.27 crore from Rs 13.74 crore a year earlier, while total income rose to Rs 14.62 crore from Rs 14.07 crore. Total expenses increased more quickly in absolute terms, reaching Rs 14.19 crore from Rs 12.98 crore. As a result, profit before tax declined to Rs 42.67 lakh from Rs 1.09 crore despite the increase in half-year revenue.

The half-year tax expense was Rs 18.86 lakh, versus Rs 27.41 lakh in the corresponding prior-year period. Finance cost declined to Rs 90.68 lakh from Rs 1.13 crore, while depreciation and amortisation increased to Rs 1.70 crore from Rs 1.65 crore. Other expenses rose to Rs 5.87 crore from Rs 4.94 crore, an increase of Rs 92.38 lakh that exceeded the Rs 46.27 lakh increase in revenue from operations.

What changed in Pasura Industries' balance sheet and cash flow?

Pasura Industries reported total assets of Rs 51.86 crore at 30 September 2026, compared with Rs 54.16 crore at 31 March 2026. Property, plant and equipment declined to Rs 40.88 crore from Rs 42.40 crore, while trade receivables fell to Rs 2.29 crore from Rs 3.84 crore. Cash and cash equivalents increased to Rs 13.48 lakh from Rs 12.67 lakh over the same period.

Total borrowings were Rs 19.57 crore at 30 September, comprising Rs 9.37 crore of non-current borrowings and Rs 10.19 crore of current borrowings. At 31 March, the corresponding balances were Rs 11.50 crore and Rs 10.25 crore. Equity share capital was unchanged at Rs 18.64 crore, while other equity rose to Rs 10.32 crore from Rs 10.08 crore.

For the half year ended 30 September 2026, operating activities generated net cash of Rs 3.66 crore, down from Rs 7.59 crore in the corresponding 2025 period. The filing records a Rs 1.54 crore decrease in trade receivables as a positive working-capital movement, while cash used in investing activities was Rs 52.56 lakh, compared with Rs 4.90 crore a year earlier.

Financing activities used Rs 3.13 crore in the 2026 half year, following Rs 3.21 crore in the prior-year half. This included net repayment of bank term loans of Rs 2.18 crore and interest paid of Rs 88.43 lakh. Net cash increased by Rs 81,000 during the six months, whereas it had declined by Rs 51.83 lakh in the comparable 2025 period.

What does the filing say about Pasura Industries' accounting and prior charges?

Pasura Industries stated that its September 2026 quarterly and half-year financial results were unaudited, prepared under Indian Accounting Standards, and subject to a limited review by its statutory auditors. The Audit Committee reviewed the results and the board approved them on 14 November 2026. The board meeting began at 11:30 a.m. and concluded at 12:30 p.m.

The filing separately describes exceptional items recorded in the year ended 31 March 2026, rather than in the September 2026 quarter. These comprised Rs 1.71 crore of bad debts written off and Rs 1.03 crore of advances to vendors written off, totalling Rs 2.74 crore. It also says operational bottlenecks and process inefficiencies during the March 2026 quarter resulted in abnormal inventory consumption of Rs 2.41 crore.

No exceptional item was reported for the September 2026 quarter or the June 2026 quarter. The March 2026 full-year result included a Rs 2.74 crore exceptional charge and a net loss of Rs 4.54 crore. This means the September-quarter loss of Rs 35.60 lakh was reported without an exceptional-item charge in the quarterly statement.

Conclusion

Pasura Industries' September-quarter result shows that a Rs 1.83 crore sequential fall in operating revenue outpaced the Rs 66.27 lakh reduction in total expenses, turning June-quarter profit into a Rs 35.60 lakh loss. The six-month period remained profitable at Rs 23.81 lakh, although that was below the Rs 81.81 lakh earned in the corresponding prior-year half.

The next result will clarify whether revenue from the co-packing-services business recovers from the Rs 6.22 crore September-quarter level and whether expense movements narrow the gap between income and costs. The filing also leaves the relationship between the September loss, Rs 2.29 crore of trade receivables and Rs 19.57 crore of borrowings for subsequent reporting periods to show.