Scarnose International H1 pretax profit falls to Rs 3.22 lakh

Scarnose International Limited reported pretax profit of Rs 3.22 lakh for the half year ended September 30, 2026, down about 70% from Rs 10.81 lakh a year earlier. Scarnose International’s filing also shows inventories of Rs 9.65 crore at period-end, while its March 2026 trade-receivables balance was Rs 9.59 crore.

How much did Scarnose International’s H1 profit change?

Scarnose International’s pretax profit fell by Rs 7.59 lakh to Rs 3.22 lakh in the half year ended September 30, 2026, from Rs 10.81 lakh in the half year ended September 30, 2025. The company’s board approved the unaudited half-year results on November 2, 2026.

The profit-and-loss statement records no exceptional or extraordinary items for the September 2026 half year. As a result, the Rs 3.22 lakh profit before tax is also the reported profit before extraordinary items and tax. The filing reports basic earnings per equity share of Rs 0.07 for the September 2026 half year.

Scarnose International recorded current-tax income of Rs 0.85 lakh in the September 2026 half year, compared with current-tax expense of Rs 2.80 lakh in the earlier half year. Deferred-tax expense was Rs 0.08 lakh, compared with Rs 0.07 lakh. The supplied profit-and-loss statement does not present a clearly readable profit-after-tax figure for the September 2026 half year.

What changed in Scarnose International’s working capital?

Scarnose International’s asset mix changed materially between March 31, 2026 and September 30, 2026. The September balance sheet reports inventories of Rs 9.65 crore and does not display a trade-receivables balance, whereas the March balance sheet reports trade receivables of Rs 9.59 crore and does not display an inventory balance.

The cash-flow statement records a Rs 9.59 crore decrease in receivables and a Rs 9.65 crore increase in inventories during the September 2026 half year. These entries substantially offset each other, before a Rs 0.23 lakh increase in payables. The resulting net working-capital adjustment was an outflow of Rs 6.32 lakh.

Operating profit before working-capital changes was Rs 1.67 lakh in the September 2026 half year, compared with Rs 10.96 lakh in the September 2025 half year. After the working-capital movements, cash generated from operations was negative Rs 4.65 lakh. The filing then reports net cash used in operating activities of Rs 2.63 lakh for the September 2026 half year.

The balance-sheet presentation and cash-flow movements show the simultaneous fall in receivables and rise in inventory, but the filing does not explain the individual transactions behind those changes. It therefore does not establish that receivable collections were directly used to acquire or produce inventory. It does show that inventories stood at Rs 9.65 crore at September 30, 2026.

What do Scarnose International’s H1 expenses show?

Scarnose International reported purchases of stock-in-trade of Rs 25.72 crore for the September 2026 half year, compared with Rs 7.92 crore in the September 2025 half year. The profit-and-loss statement also records a Rs 9.65 crore change in inventories of finished goods, work in progress and stock-in-trade during the latest half year.

Employee-benefit expense increased to Rs 2.84 lakh from Rs 1.75 lakh a year earlier. Other expenses declined to Rs 6.03 lakh from Rs 10.57 lakh, while depreciation and amortisation remained Rs 0.46 lakh in both half-year periods. Finance cost was Rs 0.01 lakh in the September 2026 half year, versus nil in the September 2025 half year.

Scarnose International identifies Animal Food Products as its sole segment. The company says it has no reportable segments under Accounting Standard 17, Segment Reporting, because it has only one segment. The filing consequently does not provide a product-line or geographical split of the Rs 3.22 lakh pretax profit.

The independent reviewer, K M Chauhan and Associates, reviewed the unaudited standalone results for the period ended September 30, 2026. The reviewer stated that nothing had come to its attention to indicate that the results had not disclosed the information required under Regulation 33 of the Securities and Exchange Board of India listing regulations, while noting that a review provides less assurance than an audit.

How did Scarnose International’s balance sheet change by September 2026?

Scarnose International’s total assets increased to Rs 9.81 crore at September 30, 2026 from Rs 9.78 crore at March 31, 2026. The rise of Rs 3.46 lakh accompanied the shift in current assets, with the September inventory balance of Rs 9.65 crore replacing the March trade-receivables balance of Rs 9.59 crore in the displayed balance-sheet lines.

Share capital was unchanged at Rs 3.15 crore at both reporting dates. Reserves and surplus increased to Rs 6.60 crore from Rs 6.58 crore. Property, plant and equipment declined to Rs 2.85 lakh from Rs 3.32 lakh, while non-current investments remained Rs 6.05 lakh.

Trade payables other than dues to micro and small enterprises rose to Rs 3.75 lakh at September 30, 2026 from Rs 1.53 lakh at March 31, 2026. Other current liabilities increased to Rs 0.68 lakh from Rs 0.47 lakh, while short-term provisions decreased to Rs 1.91 lakh from Rs 3.26 lakh. Deferred-tax liabilities rose from Rs 0.18 lakh to Rs 0.26 lakh.

Cash and cash equivalents were Rs 3.50 lakh at September 30, 2026, down from Rs 6.70 lakh at March 31, 2026. The cash-flow statement records Rs 0.56 lakh of net cash used in investing activities and Rs 0.01 lakh of net cash used in financing activities during the half year. It does not show proceeds from new share capital or long-term and short-term borrowings for the period.

Conclusion

Scarnose International’s September 2026 half-year filing combines a lower pretax result, at Rs 3.22 lakh versus Rs 10.81 lakh a year earlier, with a substantial change in current-asset composition. The Rs 9.59 crore decrease in receivables and Rs 9.65 crore increase in inventories were nearly offsetting movements, while operating activities used Rs 2.63 lakh of cash.

The filing discloses no forward plan, target or scheduled future corporate event to assess next, and it reports zero investor complaints received, disposed of or unresolved as of September 30, 2026. Subsequent company disclosures will be needed to show whether the Rs 9.65 crore inventory balance changes and whether operating cash flow moves from the September 2026 half-year outflow.