Silgo Retail Limited September revenue rises 40%, profit 68%

Silgo Retail Limited reported standalone revenue from operations of Rs 16.27 crore for the quarter ended September 30, 2026, up 40% year on year, while profit after tax rose 68% to Rs 2.42 crore. The board approved the unaudited standalone and consolidated results on November 6, 2026.

How did Silgo Retail perform in the September 2026 quarter?

Silgo Retail’s revenue from operations rose by Rs 4.62 crore from Rs 11.65 crore in the quarter ended September 30, 2025, to Rs 16.27 crore in the latest quarter. Total income was also Rs 16.27 crore because the company reported no other income, compared with total income of Rs 11.67 crore a year earlier, which included Rs 2.26 lakh of other income.

Profit before tax increased 56% to Rs 3.24 crore from Rs 2.07 crore, and profit after tax rose to Rs 2.42 crore from Rs 1.44 crore. The latest-quarter current-tax charge was Rs 82.51 lakh, against Rs 63.17 lakh a year earlier, while deferred tax was a credit of Rs 9,000. Basic and diluted earnings per equity share increased to Rs 0.80 from Rs 0.59.

What changed in Silgo Retail’s quarterly costs?

Silgo Retail’s total expenses increased 36% year on year to Rs 13.03 crore, below the 40% rise in revenue. Cost of materials consumed fell to Rs 11.52 crore from Rs 18.98 crore, while the change in inventories was negative Rs 1.79 crore, compared with negative Rs 13.31 crore in the prior-year quarter. These two reported lines materially affect the comparison of total expenses between the periods.

Finance costs rose to Rs 53.00 lakh from Rs 1.09 lakh, and direct costs increased to Rs 20.98 lakh from Rs 13.81 lakh. Employee benefits expense declined to Rs 12.35 lakh from Rs 13.04 lakh, while other expenses were Rs 40.34 lakh compared with Rs 39.67 lakh. Based on reported figures, profit before tax was about 19.9% of total income, against about 17.7% a year earlier.

What do Silgo Retail’s first-half results show?

Silgo Retail reported revenue from operations of Rs 28.41 crore for the half year ended September 30, 2026, up 26% from Rs 22.62 crore in the corresponding period of 2025. Half-year total income was Rs 28.44 crore, including Rs 2.89 lakh of other income, compared with Rs 22.64 crore in the previous year’s six-month period.

Half-year profit before tax rose to Rs 6.12 crore from Rs 3.56 crore, while profit after tax increased to Rs 4.57 crore from Rs 2.55 crore. Revenue was Rs 16.27 crore in the September 2026 quarter, compared with Rs 12.15 crore in the June 2026 quarter, and finance costs declined from Rs 1.09 crore to Rs 53.00 lakh over those two quarters.

What do Silgo Retail’s balance sheet and cash flows show?

Silgo Retail’s standalone total assets were Rs 190.69 crore at September 30, 2026, compared with Rs 161.78 crore at March 31, 2026. Non-current assets increased to Rs 63.22 crore from Rs 25.89 crore, including other financial assets of Rs 61.73 crore. Current assets declined to Rs 127.47 crore from Rs 135.89 crore as inventories fell to Rs 113.38 crore from Rs 120.08 crore.

Equity, comprising share capital, other equity and money received against share warrants, totalled Rs 164.05 crore at September 30, compared with Rs 137.85 crore at March 31. Current borrowings were Rs 20.17 crore, nearly unchanged from Rs 20.18 crore, while non-current borrowings were Rs 93.51 lakh. Share capital rose to Rs 31.91 crore from Rs 28.30 crore and other equity increased to Rs 113.86 crore from Rs 91.28 crore.

Net cash from operating activities was Rs 15.67 crore for the six months ended September 30, 2026. A Rs 6.71 crore inventory reduction and a Rs 4.45 crore fall in other current assets contributed to operating cash flow, while higher trade receivables used Rs 3.99 crore. Investing activities used Rs 37.33 crore, including Rs 36.35 crore in other financial assets and Rs 98.00 lakh in investments in subsidiaries and associates.

Did Silgo Retail disclose segments and receive an audit opinion?

Silgo Retail stated that it had no reportable operating segment under the quantitative thresholds in Indian Accounting Standard 108, or Ind AS 108. It therefore did not provide revenue, expense or profit information by product, geography or business unit in its standalone results.

The September 2026 standalone figures are unaudited and were subject to a limited review rather than a full audit. The independent auditor said on November 6, 2026 that nothing had come to its attention to indicate material misstatements or non-compliance with applicable disclosure requirements. The auditor also stated that a review provides moderate assurance and does not express an audit opinion.

Conclusion

Silgo Retail combined 40% year-on-year revenue growth with a 68% increase in September-quarter profit after tax, while its 36% rise in total expenses was below the revenue increase. For the first half, revenue increased 26% to Rs 28.41 crore and profit after tax rose 79% to Rs 4.57 crore.

The filing does not disclose a revenue target, expansion plan or scheduled operational milestone. Subsequent disclosures will show whether the Rs 113.38 crore inventory balance, Rs 3.99 crore trade-receivables cash outflow and Rs 10.40 lakh cash-and-cash-equivalents balance change alongside reported earnings growth.