Purple Agrotech Industries reports nil Q2 operating revenue

Purple Agrotech Industries Limited reported nil revenue from operations for the quarter ended September 30, 2026, while cash and cash equivalents fell to Rs 65.18 lakh from Rs 5.90 crore at March 31, 2026 after Rs 8.74 crore of net borrowing repayments during the half year.

Why did Purple Agrotech Industries report nil Q2 operating revenue?

Purple Agrotech Industries reported nil revenue from operations in the quarter ended September 30, 2026, compared with Rs 141.49 lakh in the June 2026 quarter and nil in the September 2025 quarter. Consequently, all Rs 141.49 lakh of operating revenue for the half year ended September 30, 2026 was recorded in the June quarter. The company reported a single business as its sole reportable segment under Indian Accounting Standard 108.

Purple Agrotech Industries recorded other income of Rs 25.16 lakh in the September quarter, nearly unchanged from Rs 25.36 lakh a year earlier and above Rs 4.65 lakh in June 2026. Total income was Rs 25.16 lakh, down from Rs 1.46 crore in the preceding quarter, while total expenses fell to Rs 10.07 lakh from Rs 1.42 crore. The sequential expense movement included nil stock-in-trade purchases in September, after Rs 1.76 crore of such purchases in June.

The company’s September-quarter profit after tax was Rs 11.26 lakh, compared with Rs 3.02 lakh in June and Rs 12.35 lakh in the September 2025 quarter. Profit before tax rose to Rs 15.09 lakh from Rs 4.06 lakh in June, as other income increased by Rs 20.51 lakh and total expenses declined by Rs 1.32 crore. Tax expense was Rs 3.83 lakh, against Rs 1.02 lakh in June.

How did Purple Agrotech Industries’ first-half profit change?

Purple Agrotech Industries reported profit after tax of Rs 14.28 lakh for the half year ended September 30, 2026, down from Rs 22.25 lakh in the corresponding 2025 period. Profit before tax declined to Rs 19.15 lakh from Rs 29.73 lakh, while basic and diluted earnings per share fell to Rs 0.17 from Rs 0.26.

Total income for the September 2026 half year was Rs 1.71 crore, compared with Rs 56.79 lakh a year earlier, because the company recorded Rs 141.49 lakh of operating revenue against nil in the prior-year period. Total expenses also increased, reaching Rs 1.52 crore from Rs 27.06 lakh. Purchase of stock-in-trade was Rs 1.76 crore in the current half year, while the change in inventories was negative Rs 47.79 lakh.

Finance costs were Rs 8.95 lakh in the six months to September 2026, compared with Rs 19.67 lakh in the corresponding 2025 period. Employee-benefit expense increased to Rs 6.40 lakh from Rs 2.10 lakh, and other expenses rose to Rs 6.83 lakh from Rs 1.36 lakh. Other income fell to Rs 29.81 lakh from Rs 56.79 lakh over the same comparison.

Where did Purple Agrotech Industries’ cash go during the half year?

Purple Agrotech Industries used Rs 8.83 crore in financing activities during the half year ended September 30, 2026, including Rs 8.74 crore of net repayments of current and non-current borrowings and Rs 8.95 lakh of finance costs paid. This outflow exceeded Rs 3.43 crore generated through investing activities and Rs 15.54 lakh generated through operating activities, resulting in a Rs 5.25 crore reduction in cash and cash equivalents.

Operating activities generated Rs 15.54 lakh after Rs 1.83 lakh of direct taxes paid. Profit before tax was Rs 19.14 lakh, while interest income of Rs 29.80 lakh and finance costs of Rs 8.95 lakh produced an operating loss before working-capital changes of Rs 1.57 lakh. A Rs 50.02 lakh reduction in trade and other receivables and assets, partly offset by a Rs 31.08 lakh decrease in liabilities, resulted in Rs 17.38 lakh of cash generated before tax.

Investing activities generated Rs 3.43 crore, led by Rs 3.11 crore from redemption of fixed deposits, Rs 29.80 lakh of interest received and a Rs 2.81 lakh decrease in loans. This compared with Rs 10.51 crore of investing cash flow in the year ended March 31, 2026. Cash and cash equivalents closed at Rs 65.18 lakh on September 30, 2026, compared with Rs 5.90 crore at the start of the financial year.

How did Purple Agrotech Industries’ debt and balance sheet change?

Purple Agrotech Industries reduced reported borrowings to Rs 22 lakh at September 30, 2026 from Rs 8.96 crore at March 31, 2026. Non-current borrowings fell to Rs 22 lakh from Rs 6.97 crore, while current borrowings of Rs 1.99 crore at March 31 were nil at the September reporting date. Shareholders’ funds increased to Rs 10.42 crore from Rs 10.28 crore, reflecting the Rs 14.28 lakh half-year profit.

The asset mix changed alongside the debt reduction. Inventory was Rs 47.79 lakh at September 30 after being nil at March 31, while trade receivables declined to Rs 5.09 crore from Rs 6.07 crore. Bank balances other than cash equivalents fell to Rs 2.49 lakh from Rs 3.13 crore, and total assets declined to Rs 12.20 crore from Rs 21.09 crore.

Trade payables to entities other than micro and small enterprises were Rs 1.53 crore at September 30, compared with Rs 1.82 crore at March 31. Other current liabilities declined to Rs 1.21 lakh from Rs 3.19 lakh. The company’s current tax liabilities were Rs 1.95 lakh at September 30, while its March 31 balance sheet reported a net current tax asset of Rs 1.07 lakh.

What is the status of the SEBI order and corporate proposals?

Purple Agrotech Industries said the Securities and Exchange Board of India issued a final order on June 30, 2026 that imposed a Rs 50 lakh monetary penalty and restricted the company from accessing or dealing in the securities market for four years. The Securities Appellate Tribunal stayed the order on September 11, 2026, subject to the deposit of the full penalty, which the company said it deposited on October 7, 2026.

The statutory auditor drew attention to the regulatory matter in its limited-review report dated November 5, 2026. The auditor stated that its review conclusion was not modified, while noting that the final outcome depends on future proceedings before the tribunal. The auditor reported that nothing had come to its attention to suggest the unaudited results did not meet applicable disclosure requirements or contained a material misstatement.

The board also approved a proposed change of name to Aurigem Industries Limited, subject to shareholder approval through a postal ballot. It proposed adding an object clause covering jewellery, bullion, precious metals, gems and related activities through physical, wholesale or online channels. The remote e-voting period is scheduled to run from November 10, 2026 at 9:00 AM Indian Standard Time to December 9, 2026 at 5:00 PM Indian Standard Time.

Conclusion

Purple Agrotech Industries’ September-quarter profit of Rs 11.26 lakh was recorded without operating revenue and was supported by Rs 25.16 lakh of other income alongside a Rs 10.07 lakh expense base. For the half year, the company generated all Rs 141.49 lakh of operating revenue in the June quarter, repaid Rs 8.74 crore of borrowings and closed September with Rs 65.18 lakh in cash and cash equivalents.

The next disclosed events are the shareholder postal ballot on the proposed name change and expanded objects, with voting ending on December 9, 2026. Investors can also watch the unresolved Securities Appellate Tribunal proceedings concerning the stayed June 30, 2026 SEBI order and the company’s future disclosures on business activity under its proposed expanded object clause.