Rushabh Precision Bearings' first-half loss widens to Rs 22 lakh

Rushabh Precision Bearings Limited reported no revenue from operations for the half year ended 30 September 2026 and posted a Rs 22 lakh net loss, compared with a Rs 12.36 lakh loss a year earlier. Total expenses rose to Rs 22 lakh, led by Rs 20.80 lakh of other expenses, while other income was nil.

What did Rushabh Precision Bearings report for the September quarter and first half?

Rushabh Precision Bearings reported nil revenue from operations, nil other income and nil total income for both the quarter and half year ended 30 September 2026. Revenue from operations was also nil in the quarter and half year ended 30 September 2025 and in the year ended 31 March 2026, according to the standalone financial results.

Rushabh Precision Bearings recorded a Rs 3.31 lakh net loss in the September 2026 quarter, compared with a Rs 3.08 lakh loss in the corresponding quarter a year earlier. The June 2026 quarter accounted for Rs 18.69 lakh of the Rs 22 lakh first-half loss. Basic and diluted earnings per share were both Rs (0.04) for the September quarter and Rs (0.24) for the half year.

Why did Rushabh Precision Bearings' first-half loss widen?

Rushabh Precision Bearings' first-half loss widened because total expenses increased to Rs 22 lakh from Rs 12.36 lakh while income was nil in both periods. Other expenses rose to Rs 20.80 lakh from Rs 11.16 lakh, an increase of Rs 9.64 lakh, while employee benefit expense was unchanged at Rs 1.20 lakh.

The cost pattern differed between the two 2026 quarters. Other expenses were Rs 18.09 lakh in the June 2026 quarter and Rs 2.71 lakh in the September 2026 quarter, while employee benefit expense was Rs 0.60 lakh in each quarter. Total expenses consequently fell to Rs 3.31 lakh in the September quarter from Rs 18.69 lakh in the preceding June quarter.

Rushabh Precision Bearings reported nil finance cost, exceptional items and tax expense in the half year ended 30 September 2026. Its Rs 22 lakh loss from operations before other income, finance cost and exceptional items was therefore equal to its loss before tax and net loss. The results also showed nil depreciation and amortisation expense in the September quarter and first half.

What does Rushabh Precision Bearings' balance sheet show?

Rushabh Precision Bearings had total assets of Rs 15.02 crore as at 30 September 2026, compared with Rs 14.96 crore at 31 March 2026. Property, plant and equipment were unchanged at Rs 7.10 crore, inventories stayed at Rs 4.32 crore, and trade receivables increased to Rs 2.11 crore from Rs 2.08 crore.

Rushabh Precision Bearings reported total equity of Rs 2.98 crore at 30 September 2026, down from Rs 3.20 crore at 31 March 2026. Equity share capital remained Rs 9 crore, while other equity moved to Rs (6.02 crore) from Rs (5.80 crore). The Rs 22 lakh reduction in other equity matched the net loss reported for the half year.

Non-current borrowings rose to Rs 10.41 crore at 30 September 2026 from Rs 10.13 crore at 31 March 2026. Deferred tax liabilities were unchanged at Rs 1.62 crore, and total liabilities increased to Rs 12.04 crore from Rs 11.76 crore. Current liabilities were Rs 1.16 lakh, including Rs 1.16 lakh due to micro enterprises and small enterprises, compared with Rs 1.32 lakh at year end.

How did Rushabh Precision Bearings' cash flow change?

Rushabh Precision Bearings used Rs 25.21 lakh in operating activities during the half year ended 30 September 2026, compared with Rs 15.27 lakh used in the prior-year half year. The operating cash outflow included the Rs 22 lakh loss before tax, a Rs 3.90 lakh increase in trade receivables and a Rs 3.05 lakh increase in other assets.

Changes in financial assets added Rs 3.89 lakh and an increase in trade payables added Rs 0.35 lakh during the 2026 first half. These movements only partly offset the operating outflow. The cash-flow statement recorded no investing cash flow for the half year, including no payments to purchase property, plant and equipment and no proceeds from asset sales.

Rushabh Precision Bearings reported Rs 27.90 lakh of financing cash flow in the 2026 first half, compared with Rs 15.27 lakh in the comparable 2025 period. The statement identified the amount as a decrease in long-term loans and advances. Cash and cash equivalents rose by Rs 2.69 lakh to Rs 6.27 lakh at 30 September 2026 from Rs 3.58 lakh at the start of the financial year.

How were Rushabh Precision Bearings' results reviewed?

Rushabh Precision Bearings' board approved the unaudited standalone results for the quarter and half year ended 30 September 2026 on 3 November 2026. The board meeting commenced at 4.00 p.m. and concluded at 4.30 p.m. The company said its statutory auditors expressed an unmodified conclusion following their limited review.

Rushabh Precision Bearings prepared the results under Indian Accounting Standards, or Ind AS, prescribed under Section 133 of the Companies Act, 2013. The company disclosed one operating segment under Ind AS 108, Operating Segments. It also said the September 2026 quarter figures represent the difference between the first-half figures and the limited-reviewed June 2026 quarter figures.

Conclusion

Rushabh Precision Bearings ended the half year to 30 September 2026 with nil operating revenue, a Rs 22 lakh net loss and Rs 25.21 lakh of operating cash outflow. The loss was Rs 9.64 lakh higher than the prior-year half-year loss of Rs 12.36 lakh, corresponding with the increase in other expenses to Rs 20.80 lakh from Rs 11.16 lakh.

The filing discloses no revenue-revival plan, earnings target or capital-spending programme. The unresolved matters for subsequent disclosures are whether operating revenue resumes after nil revenue through 30 September 2026, whether other expenses remain below the Rs 18.09 lakh reported in the June 2026 quarter, and how cash of Rs 6.27 lakh and non-current borrowings of Rs 10.41 crore change.