Sahaj Digital Limited posts Rs 7.89 crore first-half loss

Sahaj Digital Limited reported a consolidated loss after tax of Rs 7.89 crore for the half year ended September 30, 2026, despite Rs 31.59 crore of revenue from operations. The group’s first consolidated results, prepared after the April 3, 2026 acquisition of Sahaj Retail, showed a Rs 7.85 crore loss before tax and Rs 66.39 crore of assets.

What did Sahaj Digital report for the first half of FY27?

Sahaj Digital reported total income of Rs 32.05 crore and a loss after tax of Rs 7.89 crore for the half year ended September 30, 2026. Revenue from operations contributed Rs 31.59 crore, while other income was Rs 45.95 lakh; total expenses were Rs 39.90 crore and tax expense was Rs 3.68 lakh.

The September 2026 quarter generated more revenue than the June 2026 quarter, but also recorded a larger loss. Revenue from operations increased by Rs 6.67 crore to Rs 19.13 crore, while loss before tax increased by Rs 1.51 crore to Rs 3.68 crore. The results attribute the entire half-year loss to owners of Sahaj Digital, with nil non-controlling interest.

Why are there no earlier consolidated comparisons for Sahaj Digital?

Sahaj Digital gave no prior-quarter or prior-year consolidated comparisons because the September 2026 statement is its first consolidation. The company said it had not been required to prepare consolidated results in earlier periods, before gaining control over subsidiaries during the current financial year.

The group structure changed on April 3, 2026, when Sahaj Digital allotted 1.77 crore equity shares of Rs 10 face value each to Bhaum Digital Ventures Private Limited on a preferential basis. The consideration was other than cash and represented the acquisition of 100% of Sahaj Retail Limited, which became a wholly owned subsidiary.

Sahaj Insurance Services Private Limited, a wholly owned subsidiary of Sahaj Retail, became a step-down subsidiary through that transaction. Sahaj Digital also changed its name from Jolly Plastic Industries Limited on August 17, 2026. Its consolidated cash-flow statement starts from April 3, 2026 and similarly does not provide a September 2025 comparison because the group had no subsidiaries at that date.

Which costs were behind Sahaj Digital’s first-half loss?

Sahaj Digital’s total expenses exceeded its total income by Rs 7.85 crore before tax in the half year ended September 30, 2026. Cost of materials consumed or services rendered was Rs 23.22 crore, employee benefit expense was Rs 5.04 crore, other expenses were Rs 10.97 crore, depreciation and amortisation was Rs 26.97 lakh, and finance cost was Rs 35.27 lakh.

Total expenses rose by Rs 6.14 crore from Rs 16.89 crore in the June quarter to Rs 23.03 crore in the September quarter. That increase was lower than the Rs 6.67 crore rise in revenue over the same two quarters, but reported loss before tax nevertheless widened from Rs 2.17 crore to Rs 3.68 crore.

Sahaj Digital classifies its primary activity as information technology enabled services, or ITES. It said Indian Accounting Standard 108, or Ind AS 108, operating-segment disclosure was not applicable because the business falls within one primary segment, so the filing does not split revenue or profit between Sahaj Retail and Sahaj Insurance Services.

What does Sahaj Digital’s consolidated balance sheet show?

Sahaj Digital reported Rs 66.39 crore of consolidated assets at September 30, 2026, funded by Rs 22.21 crore of equity and Rs 44.19 crore of liabilities. Non-current assets were Rs 37.13 crore and current assets were Rs 29.26 crore, while current liabilities of Rs 35.30 crore were larger than non-current liabilities of Rs 8.88 crore.

Investments of Rs 20.04 crore were the largest identified non-current financial asset. Intangible assets under development were Rs 8.27 crore, loans and advances were Rs 5.57 crore, other intangible assets were Rs 1.50 crore, and property, plant and equipment was Rs 28.83 lakh. The balance sheet reported no goodwill on consolidation.

Current assets included Rs 10.61 crore of other current assets, Rs 7.54 crore of bank balances other than cash equivalents, Rs 4.17 crore of cash and cash equivalents, and Rs 3.50 crore of trade receivables. Current liabilities included Rs 16.11 crore of other current liabilities, Rs 8.13 crore of other financial liabilities, and Rs 7.10 crore of current borrowings.

What do the cash-flow statement and auditor review say?

Sahaj Digital ended September 30, 2026 with Rs 4.17 crore in cash and cash equivalents, according to its first consolidated cash-flow statement. The balance comprised Rs 6.15 lakh of cash in hand, Rs 3.57 crore in bank current accounts, and Rs 54.42 lakh in fixed deposits with an original maturity of less than three months.

The cash-flow statement identifies Rs 3.19 crore of cash and cash equivalents acquired on acquiring subsidiaries. It was prepared using the indirect method under Ind AS 7, the Indian accounting standard for statements of cash flows, and the company reported separate bank balances of Rs 7.54 crore that were not classified as cash equivalents.

ALPS & CO. conducted a limited review of the consolidated results under Standard on Review Engagement 2410. The reviewer said nothing had come to its attention that caused it to believe the statement did not disclose required information or contained a material misstatement; it also said its conclusion on subsidiary amounts relied on other auditors’ reports and its own procedures.

Conclusion

Sahaj Digital’s first consolidated filing shows that the expanded group produced Rs 31.59 crore of revenue in the half year ended September 30, 2026, while expenses of Rs 39.90 crore resulted in a Rs 7.89 crore net loss. The balance sheet adds Rs 66.39 crore of assets, Rs 11.95 crore of borrowings and Rs 4.17 crore of cash and cash equivalents to that first view of the group.

The next point to watch is whether later consolidated filings provide a comparable period after the April 3, 2026 acquisition of Sahaj Retail. The company disclosed no management earnings target or turnaround plan, and said earlier consolidated comparisons were unavailable because it was not previously required to prepare group financial results.