Sirohia & Sons swings to Rs 6.73 lakh first-half loss

Sirohia & Sons Limited reported a Rs 6.73 lakh loss for the half year ended September 30, 2026, compared with a Rs 16.11 lakh profit a year earlier, as total income fell to Rs 0.20 lakh from Rs 20.70 lakh. Sirohia & Sons reported no revenue from operations in either half-year period.

Why did Sirohia & Sons make a first-half loss?

Sirohia & Sons made a Rs 6.73 lakh loss in the half year ended September 30, 2026 because Rs 0.20 lakh of total income did not cover Rs 4.48 lakh of expenses. The result reversed a Rs 16.11 lakh profit in the half year ended September 30, 2025. Total comprehensive income was also a Rs 6.73 lakh loss, as the statement showed no other comprehensive income in the latest period.

The filing recorded nil revenue from operations for the half years ended September 30, 2026 and September 30, 2025, meaning the latest reported income consisted of Rs 0.20 lakh of other income. Finance costs rose to Rs 2.45 lakh from Rs 2.06 lakh a year earlier, while total expenses increased to Rs 4.48 lakh from Rs 2.53 lakh. The statement showed no depreciation and amortisation expense for the September 2026 half year.

How much did Sirohia & Sons’ income change?

Sirohia & Sons’ total income declined by Rs 20.50 lakh year on year, falling to Rs 0.20 lakh in the half year ended September 30, 2026 from Rs 20.70 lakh. Since revenue from operations was nil in both periods, the movement was in the other-income line, which declined from Rs 20.70 lakh to Rs 0.20 lakh. The filing did not provide a narrative explanation or a segment split for other income.

Income also declined from the immediately preceding half year ended March 31, 2026, when Sirohia & Sons reported Rs 10.42 lakh of total income and a Rs 12.90 lakh loss. For the full year ended March 31, 2026, total income was Rs 31.12 lakh and profit for the period was Rs 3.21 lakh. The September 2026 half-year loss therefore followed two earlier reported periods with materially higher income than Rs 0.20 lakh.

The latest Rs 6.73 lakh loss was lower than the Rs 12.90 lakh loss in the March 2026 half year, despite income falling by Rs 10.22 lakh between those periods. The March 2026 period included Rs 15.84 lakh of total expenses, compared with Rs 4.48 lakh in the September 2026 period. It also included Rs 1.20 lakh of deferred tax and Rs 2.53 lakh of tax expense relating to earlier years, while no such tax expenses were reported for September 2026.

What do the earnings and cash-flow figures show?

Sirohia & Sons reported basic and diluted earnings per share of negative Rs 0.07 for the half year ended September 30, 2026, compared with positive Rs 0.16 a year earlier. Earnings per share, or EPS, was not annualised. Paid-up equity share capital was unchanged at Rs 10.2551 crore at September 30, 2026, March 31, 2026 and September 30, 2025.

Operating activities used Rs 2.10 lakh of cash in the half year ended September 30, 2026, compared with Rs 1.74 lakh used in the year ended March 31, 2026. A Rs 4.84 lakh decrease in loans and advances and a Rs 3.58 lakh decrease in other current assets were partly offset by a Rs 4.20 lakh decrease in other payables. The cash-flow statement showed no taxes paid in the latest half year, versus Rs 1.81 lakh in the year ended March 31, 2026.

Net cash from investing activities was Rs 1.04 lakh in the September 2026 half year, described under purchase or sale of fixed assets. There was no reported cash flow from secured or unsecured loans, so the net decrease in cash and cash equivalents was Rs 1.06 lakh. Closing cash and cash equivalents were Rs 0.15 lakh at September 30, 2026, compared with Rs 1.21 lakh at March 31, 2026.

What changed in Sirohia & Sons’ balance sheet?

Sirohia & Sons reported total assets of Rs 28.918 crore at September 30, 2026, down Rs 10.93 lakh from Rs 29.0273 crore at March 31, 2026. Non-current assets were Rs 4.243 crore and current assets were Rs 24.675 crore at the half-year date. Other current assets accounted for Rs 24.6437 crore of current assets, compared with Rs 24.6921 crore at March 31, 2026.

Total equity declined to Rs 28.3039 crore at September 30, 2026 from Rs 28.3712 crore at March 31, 2026. The Rs 6.73 lakh movement matches the reported loss for the half year. Current liabilities fell to Rs 61.41 lakh from Rs 65.61 lakh, while the balance sheet showed no non-current liabilities in either period.

The balance sheet also showed investments of Rs 16.13 lakh at September 30, 2026, compared with Rs 17.58 lakh at March 31, 2026. Deferred tax assets remained Rs 4.07 crore in both columns. Loans and advances were Rs 0.15 lakh at September 30, 2026, down from Rs 1.21 lakh at March 31, 2026.

What did Sirohia & Sons’ board and auditor report?

Sirohia & Sons’ board approved the unaudited standalone financial results for the half year ended September 30, 2026 on November 13, 2026. The board meeting began at 3:00 pm and concluded at 3:30 pm. The filing said the audit committee considered and reviewed the results before the board took them on record.

H.R. Agarwal & Associates issued its limited review report on November 13, 2026. The auditor stated that nothing had come to its attention to indicate that the unaudited statement had failed to disclose information required under Regulation 33 of the Securities and Exchange Board of India listing regulations or contained a material misstatement. It added that a limited review provides less assurance than an audit and did not express an audit opinion.

The company reported no investor complaints outstanding at the beginning of the quarter and none unresolved at September 30, 2026. The filing also said Indian Accounting Standards compliance was not applicable because Sirohia & Sons is listed on BSE’s small and medium enterprises platform. Prior-period figures were regrouped, rearranged or recast where necessary.

Conclusion

Sirohia & Sons moved from a Rs 16.11 lakh first-half profit to a Rs 6.73 lakh loss as other income declined by Rs 20.50 lakh to Rs 0.20 lakh and revenue from operations remained nil. Expenses rose from Rs 2.53 lakh to Rs 4.48 lakh, while closing cash and cash equivalents fell to Rs 0.15 lakh from Rs 1.21 lakh at March 31, 2026.

The filing does not disclose a plan, target or date for the next results announcement. The unresolved points for the next disclosure are whether Sirohia & Sons reports operating revenue, whether other income recovers from Rs 0.20 lakh, and whether operating cash flow changes from the Rs 2.10 lakh outflow recorded in the September 2026 half year.