Quicktouch long-term borrowings reach Rs 175.10 crore at half-year

Quicktouch Technologies Limited reported consolidated long-term borrowings of Rs 175.10 crore at September 30, 2026, up from Rs 102.7224 crore at March 31, 2026, while cash and cash equivalents declined to Rs 3.5173 crore from Rs 25.7918 crore. The unaudited half-year statements show higher non-current debt, larger short-term loans and advances, and net cash outflows across operations and financing.

What changed in Quicktouch’s balance sheet?

Quicktouch’s long-term borrowings increased by Rs 72.8276 crore in the six months to September 30, 2026, while short-term borrowings fell by Rs 13.2061 crore to Rs 6.807 crore. The change means the reported increase in borrowing was concentrated in the non-current liability line rather than the short-term borrowing line.

Quicktouch’s short-term loans and advances rose by Rs 76.5875 crore to Rs 179.6845 crore at September 30, 2026. Trade receivables also increased, to Rs 34.0023 crore from Rs 33.0758 crore, whereas inventories reduced to nil from Rs 0.1328 crore at March 31, 2026.

Total assets increased to Rs 371.7665 crore at September 30, 2026 from Rs 315.1414 crore at March 31, 2026, matching total liabilities and shareholders’ funds in both periods. Goodwill was unchanged at Rs 112.7991 crore, non-current investments stayed at Rs 11.9025 crore, and property, plant and equipment declined to Rs 2.8048 crore from Rs 3.2362 crore.

Where did Quicktouch’s cash go during the half year?

Quicktouch’s cash and cash equivalents fell by Rs 22.2745 crore during the six months ended September 30, 2026, from an opening balance of Rs 25.7918 crore to a closing balance of Rs 3.5173 crore. The cash-flow statement reports net outflows from operating, investing and financing activities during the period.

Operating activities used Rs 7.9398 crore in the six months ended September 30, 2026, compared with Rs 10.7102 crore of net cash generated in the year ended March 31, 2026. The half-year operating cash flow included a Rs 80.2443 crore increase in trade and other receivables, partly offset by a Rs 72.8051 crore increase in borrowing in the non-banking financial company, or NBFC, business.

Investing activities used Rs 0.1265 crore during the half year, compared with Rs 28.639 crore used in the year ended March 31, 2026. Quicktouch reported Rs 0.1077 crore spent on property, plant and equipment and Rs 0.073 crore on intangible assets, while deposits with maturities exceeding 12 months provided Rs 0.01 crore.

Financing activities used Rs 14.2082 crore in the six-month period, against net cash from financing activities of Rs 38.8646 crore in the year ended March 31, 2026. The half-year outflow comprised a Rs 13.6336 crore payment of secured loans and Rs 0.5746 crore of interest paid, while the prior full year included Rs 14.7128 crore from issuing share capital and share premium.

How did loans and advances move alongside Quicktouch’s borrowings?

Quicktouch reported a Rs 72.8051 crore increase in NBFC borrowing within working-capital changes and a Rs 72.8276 crore increase in long-term borrowings on the balance sheet. These two reported movements occurred in the same six-month period, although the filing does not provide a line-by-line reconciliation between the two measures.

The cash-flow statement separately records Rs 13.6336 crore paid against secured loans in financing activities for the six months ended September 30, 2026. Consequently, that secured-loan payment should not be assumed to represent the same item as the Rs 175.10 crore closing long-term borrowing balance or the Rs 72.8051 crore NBFC borrowing movement.

Short-term loans and advances of Rs 179.6845 crore at September 30, 2026 exceeded long-term borrowings of Rs 175.10 crore. The advances balance rose Rs 76.5875 crore over March 31, 2026, a larger movement than the Rs 72.8276 crore increase in long-term borrowings, while cash declined by Rs 22.2745 crore.

Quicktouch’s cash-flow reconciliation included Rs 1.4044 crore of provisions on standard, sub-standard and loss assets during the half year, compared with Rs 0.5914 crore in the year ended March 31, 2026. Loans and advances or receivables written off were Rs 0.0548 crore in the half year, against Rs 0.45 crore in the prior full year.

What do Quicktouch’s results disclose about cash generation?

Quicktouch reported a pre-tax loss of Rs 6.2314 crore in its cash-flow reconciliation for the six months ended September 30, 2026, compared with a pre-tax loss of Rs 11.1319 crore for the year ended March 31, 2026. Depreciation was Rs 2.8895 crore in the half year, while interest and other finance cost was Rs 0.5746 crore.

The principal operating-cash pressure identified in the statement was the Rs 80.2443 crore increase in trade and other receivables. This exceeded the Rs 72.8051 crore increase in NBFC borrowing and contributed to Rs 7.9398 crore of net cash used in operating activities despite the working-capital movements in inventories and payables.

Quicktouch said a subsidiary recovered outstanding loans during the quarter ended September 30, 2026 and reversed provisions no longer required under Reserve Bank of India income-recognition, asset-classification and provisioning norms. Management said these recoveries and reversals favourably affected the subsidiary’s results and reduced the adverse impact on consolidated results.

The company’s September 30, 2026 consolidated results were reviewed by the Audit Committee and approved by the board on November 13, 2026. The statutory auditors conducted a limited review under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

What is Quicktouch planning after the licence appeal outcome?

Quicktouch said its appeal against the rejection of its Payment Aggregator licence application was rejected by the Ministry of Finance’s Department of Financial Services on July 7, 2026. The original Reserve Bank of India communication rejecting the application was dated March 11, 2026, and the company filed its appeal on April 10, 2026.

Following that outcome, management said the board and senior management are directing resources toward IT services, software development and hardware businesses. The disclosed plan includes upgrading infrastructure, enhancing product development, pursuing partnerships and realigning operations, but the filing does not provide a funding target, budget or completion date.

The balance sheet identifies Rs 14.6322 crore of intangible assets, Rs 1.6566 crore of intangible assets under development and Rs 2.8048 crore of property, plant and equipment at September 30, 2026. These reported asset categories provide the financial-statement context for management’s stated plans involving infrastructure and product development.

Quicktouch also listed seven subsidiaries in its filing, including Quickcampus Private Limited, Tronix IT Solution Private Limited, Techquench Private Limited and Earth Leasing and Finance Private Limited. The auditors said one subsidiary’s interim financial information had not been reviewed or audited by them and that, based on management’s information, it was not material to the group.

Conclusion

Quicktouch’s September 30, 2026 consolidated position shows long-term borrowings up Rs 72.8276 crore to Rs 175.10 crore and short-term loans and advances up Rs 76.5875 crore to Rs 179.6845 crore. At the same time, cash and cash equivalents fell Rs 22.2745 crore to Rs 3.5173 crore, as operating activities used Rs 7.9398 crore and financing activities used Rs 14.2082 crore.

The next disclosures to watch are the movement in the Rs 179.6845 crore short-term loans and advances, reported NBFC borrowing and cash balance, as well as execution of management’s IT services, software development and hardware plan. The filing identifies infrastructure upgrades, product development, partnerships and operational realignment, but does not disclose a timetable or funding target for those initiatives.