Sinnar Bidi swings to a Rs 21.22 lakh first-half net loss

Sinnar Bidi Udyog Limited reported a Rs 21.22 lakh net loss for the half-year ended September 30, 2026, reversing a Rs 30.64 lakh profit a year earlier as revenue from operations fell Rs 87.96 lakh to Rs 2.00 crore. The board approved the unaudited standalone results on November 14, 2026.

Why did Sinnar Bidi make a first-half loss?

Sinnar Bidi made a Rs 21.22 lakh net loss in the half-year ended September 30, 2026, compared with a Rs 30.64 lakh net profit in the corresponding 2025 half-year. The pre-tax result similarly moved to a Rs 21.05 lakh loss from a Rs 30.68 lakh profit, while total comprehensive income moved to a Rs 21.32 lakh loss from income of Rs 30.99 lakh.

Revenue from operations declined to Rs 2.00 crore from Rs 2.88 crore, while other income fell to Rs 6.05 lakh from Rs 8.08 lakh. Consequently, total income was Rs 2.06 crore, compared with Rs 2.96 crore a year earlier, whereas total expenses were Rs 2.27 crore, leaving expenses Rs 21.05 lakh above income before tax.

The basic and diluted earnings per share, or EPS, were a loss of Rs 5.31 for the six months ended September 30, 2026, compared with positive EPS of Rs 7.66 in the prior-year half. The company’s paid-up equity share capital remained Rs 2.00 crore in both half-year columns in the standalone statement.

How did Sinnar Bidi perform in the September quarter?

Sinnar Bidi recorded a Rs 16.69 lakh net loss in the quarter ended September 30, 2026, after a Rs 23.32 lakh net profit in the September 2025 quarter. Revenue from operations was Rs 77.54 lakh, compared with Rs 1.70 crore in the comparable quarter a year earlier, while total income was Rs 78.62 lakh versus Rs 1.70 crore.

The September-quarter loss also widened from Rs 4.53 lakh in the June 2026 quarter to Rs 16.69 lakh, a change of Rs 12.16 lakh. Revenue from operations declined by Rs 48.66 lakh sequentially from Rs 1.26 crore in June to Rs 77.54 lakh in September, and total expenses fell from Rs 1.32 crore to Rs 94.95 lakh over the same quarters.

The September 2026 quarter produced a pre-tax loss of Rs 16.33 lakh, compared with a pre-tax profit of Rs 23.41 lakh in September 2025 and a pre-tax loss of Rs 4.72 lakh in June 2026. Other comprehensive income after tax was a Rs 4,000 loss in the September 2026 quarter, taking total comprehensive loss to Rs 16.73 lakh.

Which costs and items affected Sinnar Bidi's first-half result?

Sinnar Bidi’s cost of materials consumed was Rs 1.03 crore in the half-year ended September 30, 2026, up Rs 19.98 lakh from Rs 83.31 lakh a year earlier. That increase came while revenue from operations declined by Rs 87.96 lakh, changing the relationship between sales and material consumption across the two half-year periods.

Employee-benefit expense was Rs 49.79 lakh, marginally below Rs 50.21 lakh in the comparable 2025 half-year. Other expenses declined to Rs 27.51 lakh from Rs 32.27 lakh, and depreciation and amortisation increased to Rs 1.05 lakh from Rs 1.02 lakh; these movements did not offset the fall in total income.

The first-half exchange-rate difference was an expense of Rs 4.49 lakh, versus Rs 10.84 lakh in the prior-year half. The filing says this line reflects exchange loss or gain from restating the outstanding liability of an escrow-fund demand provision made in earlier years, while total tax expense was Rs 17,000 against Rs 4,000 a year earlier.

What business does Sinnar Bidi report and what was reviewed?

Sinnar Bidi says it manufactures and trades tobacco and tobacco products, with all other activities revolving around that principal business. It therefore disclosed no separate operating segments under Indian Accounting Standard 108, or Ind AS 108, and the September 30, 2026 statement does not provide revenue or profit by product line or geography.

The standalone results for the quarter and half-year ended September 30, 2026 were unaudited and prepared using Indian Accounting Standard 34, or Ind AS 34, for interim financial reporting. Daga & Chaturmutha Chartered Accountants issued a limited review report dated November 14, 2026, which states that a review has a narrower scope than an audit and does not express an audit opinion.

The board considered and approved the standalone and consolidated financial results at its meeting held on November 14, 2026, which ran from 12.30 p.m. to 12.50 p.m. The Rs 21.22 lakh first-half loss in this article is the reported standalone net loss, rather than a consolidated figure.

What changed in Sinnar Bidi's cash position?

Sinnar Bidi used Rs 1.64 crore in operating activities during the six months ended September 30, 2026. This outflow exceeded the Rs 1.58 crore net cash outflow for the period because investing activities generated Rs 5.62 lakh, while the cash-flow statement records no financing cash flow.

Working-capital movements included a Rs 2.42 crore decrease in trade payables, a Rs 70.63 lakh decrease in inventories and a Rs 27.56 lakh decrease in trade receivables. Cash and cash equivalents consequently declined from Rs 1.82 crore at April 1, 2026, to Rs 23.94 lakh at September 30, 2026.

The operating cash outflow of Rs 1.64 crore was substantially larger than the Rs 21.05 lakh pre-tax loss reported for the same six-month period. The cash-flow statement identifies the Rs 2.42 crore movement in trade payables as a major working-capital item alongside the lower inventory and receivables balances.

Conclusion

Sinnar Bidi’s half-year result changed from a Rs 30.64 lakh profit to a Rs 21.22 lakh loss as revenue from operations fell to Rs 2.00 crore and material-consumption cost rose to Rs 1.03 crore. Expenses declined by Rs 38.26 lakh year on year, but total expenses of Rs 2.27 crore still exceeded total income of Rs 2.06 crore.

The filing provides no management recovery target, operating plan or next reporting date. The unresolved matters disclosed at September 30, 2026 are whether revenue improves from the Rs 77.54 lakh September-quarter level and whether the Rs 1.64 crore operating cash outflow, including the Rs 2.42 crore trade-payables movement, recurs in a subsequent result.