Raama Finance ends September with Rs 12.76 crore in cash

Raama Finance Limited ended September 30, 2026 with Rs 12.76 crore of cash and cash equivalents, after a Rs 16.25 crore net financing inflow offset Rs 1.97 crore used in operating activities and Rs 4.82 crore used in investing activities during the half year.

How did Raama Finance's cash balance change by September 2026?

Raama Finance reported a Rs 9.45 crore increase in cash and cash equivalents in the half year ended September 30, 2026. Closing cash was Rs 12.76 crore, compared with Rs 3.30 crore at the beginning of the period, according to the unaudited indirect-method cash-flow statement.

The September 30, 2026 closing cash figure matches the cash and cash equivalents line in Raama Finance's standalone balance sheet. The March 31, 2026 audited balance sheet showed Rs 3.30 crore, while the September balance was Rs 12.76 crore, linking the Rs 9.45 crore cash-flow increase to the change in reported cash holdings.

Raama Finance submitted the standalone unaudited financial results to BSE Limited on November 14, 2026. The filing covers both the quarter and half year ended September 30, 2026, while the cash-flow statement specifically presents the six-month movement between the March opening balance and September closing balance.

What funded Raama Finance's cash increase?

Raama Finance's reported Rs 16.25 crore net financing inflow funded the half-year increase in cash. That inflow was larger than the combined Rs 6.79 crore used in operating and investing activities, resulting in the Rs 9.45 crore net increase in cash during the six months ended September 30, 2026.

The financing cash-flow section lists proceeds from issue of equity share capital, including premium, proceeds from debt securities described as non-convertible debentures, or NCDs, and proceeds from borrowings. It also includes payment of lease liabilities, repayment of borrowings and finance costs paid, with the reported net result being a Rs 16.25 crore inflow.

This financing result should be distinguished from half-year profit before tax of Rs 8.46 crore. Profit before tax is an accounting measure for the period, whereas the Rs 16.25 crore financing inflow reflects cash received and paid through capital and funding transactions identified in the September 30, 2026 cash-flow statement.

Why did operations and investments use cash?

Raama Finance used Rs 1.97 crore in operating activities and Rs 4.82 crore in investing activities during the half year ended September 30, 2026. Investing was therefore the larger of the two non-financing cash uses, exceeding the operating outflow by Rs 2.85 crore.

The operating outflow followed Rs 8.46 crore of profit before tax for the six-month period. Raama Finance's cash-flow statement records movements in loans, other financial assets, trade and other payables, other financial liabilities, provisions and other non-financial liabilities before arriving at the Rs 1.97 crore net cash used in operations.

The statement also records income tax paid in calculating operating cash flow. It separately presents finance costs within the operating reconciliation and under financing cash flows, while interest income is deducted in the operating reconciliation and shown as received, consistent with the accounting treatment stated in the filing.

Raama Finance's Rs 4.82 crore investing outflow comprised purchases of property, plant and equipment or intangible assets and purchases of investments. The filing identifies these two categories but provides no project-level breakdown, asset names or investment-by-investment details for the half year ended September 30, 2026.

The company disclosed one reportable segment, Financial Services, including non-banking financial company activities. As a result, the filing does not split the Rs 1.97 crore operating outflow or the Rs 4.82 crore investing outflow among separate operating divisions.

How did Raama Finance's cash flow compare with last year?

Raama Finance's net increase in cash rose to Rs 9.45 crore in the half year ended September 30, 2026 from Rs 2.15 crore in the corresponding 2025 half year. The change of Rs 7.30 crore coincided with a financing inflow of Rs 16.25 crore in 2026, compared with Rs 5.11 crore a year earlier.

Operating cash flow moved to a Rs 1.97 crore outflow in the latest half year from a Rs 8.56 lakh inflow in the half year ended September 30, 2025. Investing cash used increased to Rs 4.82 crore from Rs 3.04 crore, an increase of Rs 1.78 crore in the size of the reported outflow.

The latest period also started and ended with higher cash balances. Raama Finance began the September 2026 half year with Rs 3.30 crore and closed with Rs 12.76 crore, compared with an opening balance of Rs 17 lakh and a closing balance of Rs 2.32 crore in the prior-year half year.

The comparison is limited to the reported cash-flow categories and periods. Raama Finance stated that previous-period figures were regrouped or rearranged where necessary for comparability, and the September 30, 2026 filing does not disclose a future cash target, capital-raising timetable or investment-spending plan.

Conclusion

Raama Finance's Rs 12.76 crore September 30, 2026 cash balance resulted principally from a Rs 16.25 crore financing inflow, which exceeded the Rs 1.97 crore operating outflow and Rs 4.82 crore investing outflow. The combined movement lifted cash by Rs 9.45 crore from the March 31, 2026 opening balance.

The next results will show whether Raama Finance's operating cash flow changes from the Rs 1.97 crore half-year outflow and whether investing cash use continues after the Rs 4.82 crore outflow. They will also show any changes in equity issuance, debt securities and borrowings, the funding mechanisms identified in the Rs 16.25 crore financing inflow.