Rajvi Logitrade Limited cuts liabilities 39% over six months

Rajvi Logitrade Limited reduced total liabilities by 39% to Rs 9.5017 crore at September 30, 2026, from Rs 15.6928 crore at March 31, 2026, while total equity increased to Rs 11.7836 crore from Rs 10.7832 crore. The six-month change reflected lower current and non-current liabilities, alongside higher other equity.

How did Rajvi Logitrade’s balance sheet change in six months?

Rajvi Logitrade’s total assets declined to Rs 21.2853 crore at September 30, 2026 from Rs 26.476 crore at March 31, 2026. Total equity and liabilities declined by the same amount because the balance sheet reported Rs 11.7836 crore of equity and Rs 9.5017 crore of liabilities at the September date.

Rajvi Logitrade’s equity increased even as the total balance-sheet size contracted. Equity share capital was unchanged at Rs 6.3255 crore in both periods, while other equity rose to Rs 5.4581 crore from Rs 4.4577 crore, producing a Rs 11.7836 crore total equity figure at September 30.

Which liabilities drove Rajvi Logitrade’s reduction?

Rajvi Logitrade’s current liabilities were the larger contributor to the reduction, falling to Rs 4.9807 crore at September 30, 2026 from Rs 9.7086 crore at March 31, 2026. Non-current liabilities also declined, to Rs 4.521 crore from Rs 5.9842 crore over the same six-month period.

Non-current borrowings decreased to Rs 4.3517 crore from Rs 5.8653 crore. Provisions remained Rs 8.46 lakh, while deferred tax liabilities increased to Rs 8.47 lakh from Rs 3.43 lakh, partly offsetting the reduction in reported borrowings.

Within current liabilities, other current liabilities fell to Rs 1.2684 crore from Rs 3.5097 crore and provisions declined to Rs 3.16 lakh from Rs 1.9487 crore. Trade payables to creditors other than micro and small enterprises fell to Rs 69.57 lakh from Rs 1.4091 crore, while dues to micro and small enterprises declined to Rs 7.94 lakh from Rs 16.48 lakh.

Current borrowings moved in the opposite direction, increasing to Rs 2.9056 crore at September 30 from Rs 2.6763 crore at March 31. The half-year cash-flow statement recorded Rs 22.93 lakh of net short-term borrowing inflow and Rs 1.5136 crore of net long-term borrowing repayment.

How did Rajvi Logitrade’s assets and equity move?

Rajvi Logitrade’s current assets declined to Rs 16.8166 crore at September 30, 2026 from Rs 21.8879 crore at March 31, 2026. Property, plant and equipment decreased to Rs 4.4687 crore from Rs 4.5881 crore, so current assets accounted for most of the reported reduction in total assets.

Trade receivables fell to Rs 4.7718 crore from Rs 8.5571 crore during the six months. Cash and cash equivalents decreased to Rs 9.79 lakh from Rs 2.6569 crore, while loans and advances rose to Rs 5.8816 crore from Rs 4.65 crore and current tax assets increased to Rs 1.8716 crore from Rs 1.131 crore.

Other equity increased by Rs 1.0004 crore to Rs 5.4581 crore at September 30, while the half-year profit after tax was Rs 1.0004 crore. The filing reports total equity of Rs 11.7836 crore at the half-year date, compared with Rs 10.7832 crore at March 31.

What does Rajvi Logitrade’s cash flow show about the changes?

Rajvi Logitrade reported net cash from operating activities of Rs 37.89 lakh for the half year ended September 30, 2026, compared with Rs 2.7913 crore in the corresponding 2025 half year. Profit before tax increased to Rs 1.3369 crore from Rs 82.67 lakh, but reported operating cash generation was lower year on year.

The cash-flow statement recorded a Rs 3.7854 crore decrease in trade receivables, a positive working-capital movement. This was offset by a Rs 2.2413 crore decrease in other current liabilities, a Rs 1.9171 crore decrease in provisions and a Rs 79.87 lakh decrease in trade payables.

Net cash used in financing activities was Rs 1.9277 crore in the 2026 half year, compared with net cash generated of Rs 2.2249 crore in the corresponding 2025 period. The current-period financing movements included the Rs 1.5136 crore net repayment of long-term borrowings, Rs 64.34 lakh of finance costs and Rs 22.93 lakh of net short-term borrowing inflow.

Net cash used in investing activities was Rs 1.0102 crore, compared with Rs 5.101 crore in the prior-year half year. Rajvi Logitrade reported Rs 1.2316 crore of movement in long-term loans and advances, Rs 28.19 lakh of property, plant and equipment purchases, and Rs 50.33 lakh of interest received during the 2026 half year.

How did Rajvi Logitrade’s half-year earnings compare with last year?

Rajvi Logitrade reported total income from operations of Rs 45.0018 crore for the half year ended September 30, 2026, compared with Rs 39.4436 crore in the corresponding 2025 half year. Profit after tax rose to Rs 1.0004 crore from Rs 61.48 lakh, while profit before tax increased to Rs 1.3369 crore from Rs 82.67 lakh.

Total expenses increased to Rs 43.6649 crore from Rs 38.6169 crore. Operating expenses were Rs 38.7944 crore compared with Rs 35.4863 crore, employee benefits expense was Rs 1.9025 crore compared with Rs 1.335 crore, and finance costs declined to Rs 64.34 lakh from Rs 82.41 lakh.

For the quarter ended September 30, 2026, profit after tax was Rs 53.91 lakh, compared with Rs 46.13 lakh in the quarter ended June 30, 2026 and Rs 13.26 lakh in the quarter ended September 30, 2025. Rajvi Logitrade stated that it is presently dealing in one segment, so the filing does not provide a segment-wise revenue or profit split.

Conclusion

Rajvi Logitrade’s September 2026 balance sheet shows liabilities of Rs 9.5017 crore, down from Rs 15.6928 crore at March 31, while equity rose to Rs 11.7836 crore. The reported movements were concentrated in current liabilities, long-term borrowings, trade receivables and cash, with half-year profit after tax of Rs 1.0004 crore.

The next financial results can show whether Rajvi Logitrade continues to repay long-term borrowings after the Rs 1.5136 crore half-year net repayment, and whether current borrowings remain above the March 31 level of Rs 2.6763 crore. Cash and cash equivalents also warrant monitoring after they ended September 30 at Rs 9.79 lakh following a Rs 2.559 crore net cash decline in the half year.