RDB Infrastructure and Power loans rise to Rs 175.89 crore

RDB Infrastructure and Power Limited reported standalone loans of Rs 175.89 crore at September 30, 2026, up from Rs 143.05 crore at March 31, 2026, while net cash from operating activities turned to an inflow of Rs 11.14 crore for the half year from an outflow of Rs 36.76 crore a year earlier.

How did RDB Infrastructure and Power’s assets change?

RDB Infrastructure and Power’s standalone total assets increased to Rs 343.60 crore at September 30, 2026 from Rs 332.10 crore at March 31, 2026. Current assets accounted for Rs 334.58 crore of the September total, compared with Rs 327.90 crore six months earlier, while non-current assets rose to Rs 9.02 crore from Rs 4.20 crore.

Loans were RDB Infrastructure and Power’s largest reported current financial asset at Rs 175.89 crore, rising by Rs 32.84 crore from Rs 143.05 crore at March 31, 2026. The filing identifies loans as a current financial-asset category but does not disclose their counterparties, maturities, security, interest terms or intended use.

Trade receivables declined to Rs 18.60 crore at September 30, 2026 from Rs 61.49 crore at March 31, 2026, a reduction of Rs 42.89 crore. The movement contrasted with inventories, which increased by Rs 8.65 crore to Rs 94.14 crore, and other financial assets, which rose to Rs 27.51 crore from Rs 10.36 crore.

Cash and cash equivalents fell to Rs 16.27 lakh at September 30, 2026 from Rs 89.47 lakh at March 31, 2026. RDB Infrastructure and Power separately reported bank balances other than cash equivalents of Rs 7.80 crore at September 30, compared with Rs 7.98 crore at the preceding year-end.

What changed in RDB Infrastructure and Power’s liabilities and equity?

RDB Infrastructure and Power’s total equity increased to Rs 286.64 crore at September 30, 2026 from Rs 266.46 crore at March 31, 2026. Equity share capital rose to Rs 22.37 crore from Rs 21.00 crore, while other equity increased to Rs 264.27 crore from Rs 245.46 crore.

Current liabilities declined to Rs 44.48 crore from Rs 52.30 crore over the six months. Current borrowings fell to Rs 16.45 crore from Rs 21.20 crore, and other financial liabilities declined to Rs 72.77 lakh from Rs 5.30 crore.

Trade payables due to parties other than micro and small enterprises were Rs 8.04 crore at September 30, 2026, marginally below Rs 8.16 crore at March 31, 2026. Non-current liabilities also decreased to Rs 12.48 crore from Rs 13.34 crore, although other financial liabilities within that category rose to Rs 2.43 crore from Rs 39.76 lakh.

RDB Infrastructure and Power reported total assets and total equity and liabilities of Rs 343.60 crore on both sides of the standalone statement at September 30, 2026. The balance-sheet presentation therefore shows higher loans and inventories alongside lower receivables, current borrowings and other financial liabilities.

Why did RDB Infrastructure and Power’s operating cash flow turn positive?

RDB Infrastructure and Power generated net cash from operating activities of Rs 11.14 crore in the half year ended September 30, 2026, reversing net cash used of Rs 36.76 crore in the half year ended September 30, 2025. Cash generated from operations before direct taxes was Rs 14.60 crore in the latest half year, compared with negative Rs 37.67 crore in the prior-year period.

Profit before tax was Rs 9.34 crore in the half year ended September 30, 2026, up from Rs 7.78 crore a year earlier. After adjustments, including Rs 8.93 crore of interest received, operating profit before working-capital changes was Rs 86.80 lakh, compared with Rs 3.03 crore in the corresponding 2025 half year.

Working-capital movements produced a net inflow of Rs 13.73 crore in the latest half year, bringing cash generated from operations to Rs 14.60 crore. The cash-flow statement records a Rs 42.89 crore inflow from trade-receivable movements, while inventory movements used Rs 8.65 crore and other current assets used Rs 7.84 crore.

Direct taxes paid, including interest net of refunds, were Rs 3.45 crore in the half year ended September 30, 2026, compared with Rs 90.67 lakh a year earlier. RDB Infrastructure and Power prepared the statement under the indirect method prescribed by Indian Accounting Standard 7, or Ind AS 7, and notes that figures in brackets represent cash outflows.

How did RDB Infrastructure and Power’s investing and financing cash flows move?

RDB Infrastructure and Power generated Rs 8.24 crore from investing activities in the half year ended September 30, 2026, compared with Rs 7.94 crore in the corresponding 2025 half year. Interest received contributed Rs 8.93 crore in the latest period, while the purchase of investments used Rs 77.93 lakh and fixed-deposit movements used Rs 17.08 lakh.

Financing activities used Rs 20.12 crore in the latest half year, compared with an inflow of Rs 27.73 crore a year earlier. The 2026 financing cash flow included Rs 32.84 crore of long-term borrowing repayments, Rs 13.16 crore of proceeds from short-term borrowings and Rs 44.18 lakh of interest paid.

The combined movements resulted in a Rs 73.20 lakh decrease in cash and cash equivalents during the latest half year, compared with a Rs 1.09 crore decrease in the year-earlier period. Closing cash and cash equivalents were Rs 16.27 lakh at September 30, 2026, against an opening balance of Rs 89.47 lakh.

What was the review status of RDB Infrastructure and Power’s statements?

RDB Infrastructure and Power’s standalone financial results for the quarter and half year ended September 30, 2026 were unaudited and approved by the board on November 12, 2026. L. B. Jha & Co. LLP issued a limited review report dated November 12, 2026 rather than an audit opinion.

The reviewer stated that nothing had come to its attention that caused it to believe the standalone statement had not disclosed information required under Regulation 33 of the Securities and Exchange Board of India listing regulations or contained a material misstatement. A limited review provides moderate assurance and is narrower in scope than an audit, according to the report.

RDB Infrastructure and Power also said its chief operating decision maker continued to review operations as a single operating segment during the quarter ended September 30, 2026. The company said the assessment of reportable segments under Ind AS 108 would be reviewed at the year-end based on its internal reporting framework.

Conclusion

RDB Infrastructure and Power’s September 2026 standalone statements show a shift in the composition of current assets and cash generation. Loans increased by Rs 32.84 crore and receivables declined by Rs 42.89 crore from March 2026, while operating cash flow improved by Rs 47.90 crore year on year to an inflow of Rs 11.14 crore.

The next disclosed point to watch is RDB Infrastructure and Power’s year-end review of reportable segments under Ind AS 108. Subsequent statements will also show whether the Rs 175.89 crore loans balance, Rs 18.60 crore receivables balance and Rs 16.27 lakh cash-equivalents balance change after September 30, 2026.