Slone Infosystems revenue rises 29% to Rs 129.95 crore

Slone Infosystems Limited reported revenue from operations of Rs 129.95 crore for the half year ended September 30, 2026, up 29% year on year, while profit after tax was Rs 4.65 crore. The unaudited standalone results were approved by the Board on November 12, 2026 and accompanied by a limited review report.

How did Slone Infosystems' revenue and profit change?

Slone Infosystems' revenue from operations increased by Rs 29.25 crore from Rs 100.70 crore in the half year ended September 30, 2025 to Rs 129.95 crore in the half year ended September 30, 2026. Profit after tax increased by Rs 5.17 lakh to Rs 4.65 crore from Rs 4.60 crore over the same periods.

The September 2026 half-year revenue was lower than the Rs 160.32 crore reported in the immediately preceding half year ended March 31, 2026. However, profit after tax exceeded the preceding-half figure of Rs 4.01 crore, meaning revenue was higher year on year but lower sequentially, while profit increased against both comparative half years.

The filing reports basic earnings per equity share of Rs 8.06 for the September 2026 half year, compared with Rs 7.97 for the September 2025 half year. It notes that half-year earnings per share are not annualised, unlike the earnings-per-share figures stated for the years ended March 31, 2025 and March 31, 2026.

What do Slone Infosystems' income and expenses show?

Slone Infosystems recorded total income of Rs 132.41 crore in the September 2026 half year, comprising Rs 129.95 crore of revenue from operations and Rs 2.46 crore of other income. In the corresponding September 2025 half year, total income was Rs 100.70 crore, equal to the revenue-from-operations figure in the results statement.

Total expenses rose to Rs 126.16 crore from Rs 94.47 crore a year earlier. Profit before tax therefore increased slightly to Rs 6.26 crore from Rs 6.23 crore, while tax expense was Rs 1.61 crore in September 2026, compared with Rs 1.63 crore in the corresponding prior-year half.

Purchase of stock in trade and changes in inventories together were negative Rs 33.88 crore in the September 2026 half year, against Rs 21.76 crore in the September 2025 half year. The company said it operates in a single segment under Accounting Standard 17, or AS 17, Segment Reporting, so no segment-wise revenue or profit breakdown was provided.

How did Slone Infosystems' balance sheet change by September 2026?

Slone Infosystems' total assets were Rs 113.82 crore at September 30, 2026, compared with Rs 109.20 crore at March 31, 2026. Current assets increased to Rs 92.42 crore from Rs 89.36 crore, while non-current assets rose to Rs 21.41 crore from Rs 19.84 crore.

Inventory increased to Rs 56.76 crore at September 30 from Rs 22.88 crore at March 31. Trade receivables moved in the opposite direction, declining to Rs 22.49 crore from Rs 55.24 crore, while cash and cash equivalents decreased to Rs 4.66 crore from Rs 6.89 crore.

Shareholders' funds were Rs 54.05 crore at September 30, 2026, against Rs 47.78 crore at March 31, 2026. The September balance included Rs 9.81 crore classified as money received against share warrants, compared with Rs 8.20 crore six months earlier.

What does Slone Infosystems' cash flow statement report?

Slone Infosystems reported net cash used in operating activities of Rs 6.95 crore for the half year ended September 30, 2026, compared with net operating cash generated of Rs 13.59 crore in the preceding half year ended March 31, 2026. The cash flow statement starts with Rs 4.65 crore of net profit after tax for September 2026.

The statement records a Rs 33.88 crore increase in inventories, partly offset by a Rs 32.75 crore reduction in trade receivables. It also records a Rs 10.22 crore decrease in trade payables, a Rs 4.25 crore increase in short-term loans and advances, and Rs 46 lakh of net income-tax payments.

Investing activities used Rs 3.26 crore, including Rs 3.38 crore spent on property, plant and equipment. Financing activities generated Rs 7.98 crore, reflecting Rs 4.37 crore of short-term borrowings, Rs 2.71 crore of long-term borrowings and Rs 1.61 crore of warrant proceeds, less Rs 71 lakh of interest paid.

Cash and cash equivalents consequently declined by Rs 2.23 crore during the half year to Rs 4.66 crore at September 30, 2026, from Rs 6.89 crore at its beginning. The reported closing cash balance also matches the cash-and-cash-equivalents figure in the September 2026 balance sheet.

What were Slone Infosystems' share-warrant receipts?

Slone Infosystems had received Rs 9.81 crore from holders of share warrants through September 2026, according to the utilisation certificate filed with the results. This consisted of Rs 8.20 crore received in March 2025 and a further Rs 1.61 crore received in September 2026.

The company allotted 19,99,200 convertible warrants on March 24, 2025 at Rs 164 per warrant, including a premium of Rs 154 per warrant. Shareholders had approved the warrant issue at an extraordinary general meeting on December 5, 2024, and the terms required 25% of the issue price on allotment and the remaining 75% on conversion into equity shares.

The certificate states that the balance 75% consideration had been received from holders of 1,31,194 warrants. Karia & Shah said its examination found that the utilisation statement agreed with the unaudited financial statements and books of account and fairly presented the use of funds in all material respects.

Conclusion

Slone Infosystems reported a year-on-year increase in September-half revenue to Rs 129.95 crore and a modest increase in profit after tax to Rs 4.65 crore. The filing also shows a shift in working-capital balances, with inventory increasing by Rs 33.88 crore from March 2026 while trade receivables declined by Rs 32.75 crore, alongside Rs 6.95 crore of operating cash outflow.

The disclosed unresolved matter to watch is receipt of the remaining consideration linked to the 19,99,200 warrants allotted in March 2025, as only 1,31,194 warrants are identified in the certificate as having paid the balance 75% consideration. Future results can also show whether inventory, receivables and cash balances change from their September 30, 2026 levels.