Shanti Guru Industries posts Rs 215.32 lakh first-half loss

Shanti Guru Industries Limited posted a Rs 215.32 lakh loss for the half year ended September 30, 2026, versus a Rs 22.78 lakh loss a year earlier, as the company recorded a Rs 230.62 lakh loss on fair valuation of equity investments and Rs 273.44 lakh of other expenses.

Why did Shanti Guru Industries report a first-half loss?

Shanti Guru Industries reported a pre-tax loss of Rs 270.93 lakh for the half year ended September 30, 2026, with the cash-flow statement recording a Rs 230.62 lakh loss on fair valuation of equity investments. This followed a Rs 10.12 crore gain on fair valuation of equity investments in the year ended March 31, 2026. Total income was Rs 38.96 lakh in the latest half year, against total expenses of Rs 309.89 lakh.

A deferred-tax credit of Rs 55.61 lakh reduced the loss after tax to Rs 215.32 lakh. Shanti Guru Industries disclosed no current-tax expense for the September 2026 half year, while total comprehensive loss also stood at Rs 215.32 lakh because no other comprehensive income was reported. Basic and diluted earnings per share were each negative Rs 1.75, compared with negative Rs 0.19 for the half year ended September 30, 2025.

How did Shanti Guru Industries' income and costs change?

Shanti Guru Industries' total income rose to Rs 38.96 lakh in the half year ended September 2026 from Rs 17.73 lakh in the corresponding prior-year half year. Revenue from operations was Rs 16.47 lakh in the latest period, while the September 2025 comparative column showed no operating revenue. Other income was Rs 22.50 lakh, compared with Rs 17.73 lakh a year earlier, and the cash-flow statement identified Rs 22.50 lakh of interest income.

Expenses increased to Rs 309.89 lakh from Rs 40.51 lakh a year earlier. Other expenses accounted for Rs 273.44 lakh, up from Rs 20.87 lakh, while employee-benefit expense rose to Rs 23.41 lakh from Rs 19.64 lakh. Purchases of stock in trade were Rs 10.40 lakh, against no purchase shown in the September 2025 half year, and depreciation and amortisation amounted to Rs 0.46 lakh after no charge in that comparative period.

The result also differed from the immediately preceding half year ended March 31, 2026, when Shanti Guru Industries recorded total income of Rs 14.91 crore and profit after tax of Rs 11.46 crore. Other income in that preceding half year was Rs 14.67 crore, compared with Rs 22.50 lakh in the latest period. The March 2026 cash-flow statement also included a Rs 4.32 crore profit on sale of land, which was not reported in the September 2026 half year.

What happened to Shanti Guru Industries' investments and cash?

Shanti Guru Industries' non-current investments fell to Rs 14.58 crore at September 30, 2026 from Rs 16.89 crore at March 31, 2026. The Rs 2.31 crore decline matches the Rs 230.62 lakh loss on fair valuation of equity investment recorded in the latest period's cash-flow reconciliation. The filing does not identify the investee companies, the equity instruments or the valuation methodology used for the movement.

Cash and cash equivalents declined to Rs 4.51 crore at September 30, 2026 from Rs 5.09 crore at March 31, 2026. Net cash used in operating activities was Rs 57.12 lakh, while investing activities used Rs 0.87 lakh and financing activities recorded no movement. The cash-flow statement reported a Rs 57.99 lakh net decrease in cash and cash equivalents, with opening cash of Rs 5.09 crore.

Operating cash generation was negative Rs 57.12 lakh following adjustments and working-capital changes. Shanti Guru Industries reported a Rs 23.12 lakh decrease in short-term loans and advances, a Rs 19.26 lakh decrease in trade and other payables, and a Rs 1.89 lakh increase in other current assets. Inventories declined to Rs 0.92 lakh at September 30 from Rs 3.10 lakh at March 31.

What does Shanti Guru Industries' balance sheet show?

Shanti Guru Industries had total assets of Rs 25.01 crore at September 30, 2026, down from Rs 27.95 crore at March 31, 2026. The change included the fall in investments from Rs 16.89 crore to Rs 14.58 crore and the decrease in cash from Rs 5.09 crore to Rs 4.51 crore. Property, plant and equipment increased to Rs 1.55 crore from Rs 1.47 crore, while non-current loans and advances rose to Rs 3.34 crore from Rs 3.19 crore.

Equity share capital was unchanged at Rs 12.31 crore at both reporting dates. Other equity decreased to Rs 10.45 crore from Rs 12.60 crore, reflecting a Rs 2.15 crore reduction during the half year. Deferred-tax liability declined to Rs 2.04 crore from Rs 2.60 crore, while trade payables fell to Rs 20.15 lakh from Rs 40.06 lakh. The balance sheet showed no borrowings at either September 30 or March 31.

What business and review information did Shanti Guru Industries disclose?

Shanti Guru Industries operates in one reportable business segment, trading, according to the notes accompanying the September 2026 results. The company said it had not changed its line of activity after changing its name on October 19, 2022. Revenue from operations in the sole reported segment was Rs 16.47 lakh in the half year ended September 30, 2026.

The audit committee reviewed the unaudited results and the board approved them on November 13, 2026. The statutory auditors performed a limited review under the applicable review standard and said nothing had come to their attention to indicate that the financial statement did not make the required disclosures or contained a material misstatement. The board meeting began at 12:30 hours and concluded at 13:32 hours on November 13, 2026.

Conclusion

The September 2026 half-year result shows that Shanti Guru Industries' Rs 215.32 lakh loss followed a Rs 230.62 lakh adverse fair-value movement in equity investments and a rise in other expenses to Rs 273.44 lakh. Total income increased from Rs 17.73 lakh to Rs 38.96 lakh year on year, but remained below the reported expense base of Rs 309.89 lakh.

The next reported results will show whether the Rs 14.58 crore non-current investment balance changes further and whether trading revenue develops from the Rs 16.47 lakh recorded in the latest half year. The September 2026 filing leaves the investee names, instruments and valuation methodology unresolved, while disclosing no management target or investment plan.