Rungta Irrigation reports September-quarter loss of Rs 148.91 lakh

Rungta Irrigation Limited reported a net loss of Rs 148.91 lakh for the quarter ended September 30, 2026, after total expenses of Rs 42.2269 crore exceeded total revenue of Rs 40.7025 crore. Revenue from operations fell to Rs 40.4707 crore from Rs 44.3390 crore in the year-earlier quarter.

Why did Rungta Irrigation report a September-quarter loss?

Rungta Irrigation reported a September-quarter loss because its total expenses of Rs 42.2269 crore were Rs 1.5244 crore higher than total revenue of Rs 40.7025 crore. The resulting loss before tax was Rs 152.44 lakh for the quarter ended September 30, 2026, compared with a profit before tax of Rs 19.86 lakh in the quarter ended June 30, 2026.

A tax credit of Rs 3.53 lakh narrowed the final loss to Rs 148.91 lakh. The company had reported a net profit of Rs 12.68 lakh in the June 2026 quarter and Rs 46.02 lakh in the September 2025 quarter, meaning the September 2026 result moved from profit in both comparison periods to loss.

Basic and diluted earnings per share were negative Rs 0.75 for the September 2026 quarter, against positive Rs 0.06 in June 2026 and Rs 0.23 a year earlier. Paid-up equity share capital was Rs 19.9218 crore at September 30, 2026, unchanged from June 30, 2026 and marginally below Rs 19.9232 crore a year earlier.

How did Rungta Irrigation's revenue and costs change year on year?

Rungta Irrigation's revenue from operations declined by Rs 3.8683 crore year on year to Rs 40.4707 crore in the September 2026 quarter. Other income increased to Rs 23.18 lakh from Rs 15.82 lakh, but this did not offset the decline in operating revenue, leaving total revenue at Rs 40.7025 crore versus Rs 44.4972 crore a year earlier.

Total expenses decreased by Rs 1.1244 crore to Rs 42.2269 crore, a smaller reduction than the fall in total revenue. This changed the pre-tax position from a Rs 114.59 lakh profit in the September 2025 quarter to a Rs 152.44 lakh loss in the latest quarter. The prior-year profit after tax of Rs 46.02 lakh included tax expense of Rs 68.57 lakh.

Material consumption fell to Rs 24.9110 crore from Rs 28.4716 crore, while other expenses declined to Rs 6.0336 crore from Rs 8.3795 crore. Offsetting part of those reductions, purchases of stock-in-trade rose to Rs 6.2170 crore from Rs 4.0130 crore, employee-benefit expense reached Rs 3.3525 crore from Rs 2.6924 crore, and finance costs increased to Rs 65.21 lakh from Rs 48.84 lakh.

What does the sequential comparison show for Rungta Irrigation?

Rungta Irrigation's total revenue rose by Rs 22.3195 crore from the June 2026 quarter, but total expenses increased by Rs 24.0425 crore over the same period. Total revenue was Rs 18.3830 crore in June 2026 and expenses were Rs 18.1844 crore, producing a pre-tax profit of Rs 19.86 lakh before the September-quarter loss.

Revenue from operations increased from Rs 18.2473 crore in June to Rs 40.4707 crore in September. Cost of materials consumed rose from Rs 13.5630 crore to Rs 24.9110 crore, purchases of stock-in-trade increased from Rs 1.7409 crore to Rs 6.2170 crore, and employee-benefit expense rose from Rs 2.7885 crore to Rs 3.3525 crore.

The inventory-change line was an expense of Rs 33.51 lakh in September, compared with a negative Rs 493.17 lakh in June. Other expenses rose to Rs 6.0336 crore from Rs 3.8732 crore, while finance costs increased to Rs 65.21 lakh from Rs 46.09 lakh. These changes accompanied the move from quarterly net profit of Rs 12.68 lakh to a net loss of Rs 148.91 lakh.

What do Rungta Irrigation's half-year results show?

Rungta Irrigation recorded a net loss of Rs 136.23 lakh for the half year ended September 30, 2026, compared with a net profit of Rs 1.8029 crore in the corresponding half year ended September 30, 2025. Total revenue fell to Rs 59.0855 crore from Rs 81.5632 crore, while total expenses declined to Rs 60.4113 crore from Rs 78.7231 crore.

Revenue from operations for the half year was Rs 58.7180 crore, down from Rs 80.7925 crore in the previous corresponding period. Material consumption fell to Rs 38.4740 crore from Rs 53.3764 crore and other expenses declined to Rs 9.9068 crore from Rs 14.9153 crore, whereas purchases of stock-in-trade increased to Rs 7.9579 crore from Rs 6.6626 crore.

The half-year loss before tax was Rs 132.58 lakh, against a pre-tax profit of Rs 2.8401 crore a year earlier. Finance costs increased to Rs 1.1130 crore from Rs 91.81 lakh, and depreciation and amortisation rose to Rs 1.4152 crore from Rs 1.3935 crore. Basic and diluted loss per share was Rs 0.68, compared with earnings per share of Rs 0.90 in the prior-year half.

What do Rungta Irrigation's balance sheet and cash flow show?

Rungta Irrigation's total assets stood at Rs 155.1013 crore at September 30, 2026, up from Rs 152.9467 crore at March 31, 2026. Current assets increased to Rs 108.6059 crore from Rs 101.6425 crore, as inventories rose to Rs 14.4163 crore from Rs 9.4841 crore, while trade receivables declined to Rs 86.1547 crore from Rs 86.9176 crore.

Total equity declined to Rs 97.8521 crore from Rs 99.2143 crore over the six months to September 30. Current borrowings increased to Rs 31.2829 crore from Rs 24.4268 crore, while non-current borrowings decreased to Rs 1.6582 crore from Rs 2.0365 crore. Total liabilities were Rs 57.2492 crore at September 30, compared with Rs 53.7324 crore at March 31.

Net cash used in operating activities was Rs 4.0452 crore in the half year ended September 30, 2026, compared with net operating cash generated of Rs 5.8397 crore in the year ended March 31, 2026. The half-year operating outflow included a Rs 4.9322 crore increase in inventories, partly offset by a Rs 2.9619 crore decrease in other receivables and a Rs 76.29 lakh decrease in trade receivables.

Cash and cash equivalents rose to Rs 38.43 lakh at September 30 from Rs 5.92 lakh at March 31. The cash-flow statement reports Rs 5.4859 crore of net cash from financing activities and Rs 1.1156 crore used in investing activities during the half year, including Rs 1.4724 crore spent on property, plant and equipment.

Conclusion

Rungta Irrigation's September-quarter loss reflected a revenue decline and expenses exceeding revenue, reversing profits recorded in both the immediately preceding and year-earlier quarters. The half year also moved to a Rs 136.23 lakh loss from a Rs 1.8029 crore profit, while inventories increased by Rs 4.9322 crore from the March 2026 level.

The filing does not disclose a financial target, operating plan or date for the next results announcement. The next reported period will show whether revenue from operations, which was Rs 40.4707 crore in the September quarter, and operating cash flow, which was negative Rs 4.0452 crore in the half year, change alongside inventories and current borrowings.