Som Distilleries reports Rs 8.82 crore standalone Q2 loss

Som Distilleries & Breweries Limited reported a standalone net loss of Rs 8.82 crore for the quarter ended September 30, 2026, versus a Rs 16.00 crore profit a year earlier, as revenue from operations fell to Rs 48.41 lakh from Rs 206.57 crore. The results were approved on November 13, 2026.

Why did Som Distilleries report a Q2 standalone loss?

Som Distilleries reported an Rs 8.82 crore loss for the September 2026 quarter because total expenses of Rs 20.27 crore exceeded total income of Rs 6.71 crore. The company had reported a Rs 16.00 crore profit for the corresponding quarter ended September 30, 2025, while the immediately preceding June 2026 quarter produced an Rs 1.52 crore profit.

The loss before tax was Rs 13.57 crore in Q2 FY27, compared with a profit before tax of Rs 22.59 crore in Q2 FY26 and an Rs 2.31 crore profit in Q1 FY27. The tax line was an Rs 4.75 crore credit in the latest quarter, against an Rs 6.60 crore tax expense a year earlier, resulting in the reported after-tax loss.

Basic and diluted earnings per share were both negative Rs 0.42 in the September 2026 quarter, compared with positive Rs 0.77 in the corresponding prior-year quarter. The per-share figure was Rs 0.07 in the June 2026 quarter, mirroring the change from a profit in Q1 to a loss in Q2.

How far did Som Distilleries' standalone revenue decline?

Som Distilleries' standalone revenue from operations was Rs 48.41 lakh in Q2 FY27, down from Rs 206.57 crore in Q2 FY26 and Rs 38.93 crore in Q1 FY27. The revenue line includes state excise duties, as stated in the financial-results format.

Other income was Rs 6.22 crore in the September quarter, broadly in line with Rs 6.24 crore a year earlier and below Rs 7.05 crore in the June quarter. This meant total income was Rs 6.71 crore, compared with Rs 212.80 crore in Q2 FY26 and Rs 45.98 crore in Q1 FY27; the latest quarter's income was largely other income rather than operating revenue.

For the half year ended September 30, 2026, standalone operating revenue was Rs 39.41 crore, against Rs 624.20 crore in the six months ended September 30, 2025. Total income for the latest half year was Rs 52.68 crore, including Rs 13.27 crore of other income, versus Rs 630.46 crore in the comparable six-month period.

Which costs remained in Som Distilleries' standalone Q2 accounts?

Som Distilleries recorded Rs 20.27 crore of total standalone expenses in Q2 FY27, compared with Rs 190.21 crore a year earlier and Rs 43.67 crore in Q1 FY27. Employee benefits expense was Rs 4.75 crore, finance cost was Rs 1.95 crore and depreciation and amortisation was Rs 3.81 crore in the latest quarter.

Other expenses were Rs 9.56 crore in Q2 FY27, down from Rs 39.80 crore in Q2 FY26 but above Rs 6.73 crore in Q1 FY27. State excise duties were Rs 12.50 lakh in the latest quarter, compared with Rs 42.74 crore a year earlier, consistent with the substantially lower revenue from operations reported for the period.

Cost of materials consumed was Rs 7.48 lakh in Q2 FY27, versus Rs 96.23 crore in Q2 FY26, while the statement showed no separate amount for purchases of stock-in-trade. Changes in inventories of finished goods, stock-in-trade and work-in-progress were nil in the September 2026 quarter after Rs 25.37 crore in the immediately preceding quarter.

What do Som Distilleries' half-year cash flows show?

Som Distilleries used Rs 76.41 crore of cash in operating activities during the six months ended September 30, 2026. That outflow followed an Rs 7.30 crore net loss for the half year and working-capital movements that included an Rs 47.54 crore decrease in trade payables and an Rs 23.93 crore decrease in other current liabilities.

The operating cash outflow was partly offset by Rs 83.82 crore of investing cash inflow, principally an Rs 83.13 crore decrease in long-term loans. Financing activities used Rs 8.59 crore, including an Rs 5.12 crore net borrowing reduction and Rs 3.99 crore of interest paid.

Cash and cash equivalents were Rs 3.81 crore at September 30, 2026, compared with Rs 4.99 crore at March 31, 2026. The cash-flow statement lists Rs 3.12 crore in bank deposits, Rs 16.03 lakh cash in hand, Rs 11.03 lakh in current accounts and Rs 41.59 lakh in other bank balances at the half-year end.

What does the Bhopal plant update mean for Som Distilleries' reported quarter?

Som Distilleries said the Bhopal plant began operations after the September 30, 2026 reporting period after it received its manufacturing licence. As the commencement occurred subsequent to the reporting period, the unaudited standalone Q2 figures do not include operations from that plant.

The company describes its sole reportable business segment as manufacturing alcoholic beverages under Indian Accounting Standard 108, or Ind AS 108, on operating segments. It did not provide a production-volume figure, sales target, plant-capacity figure or expected financial contribution from the Bhopal plant in the November 13, 2026 announcement.

The unaudited standalone results were reviewed by the audit committee and approved by the board on November 13, 2026. AKB Jain & Co said that, based on its review, nothing had come to its attention to indicate that the standalone statement had not disclosed the required information or contained a material misstatement; the firm also stated that a review is substantially narrower in scope than an audit.

Conclusion

Som Distilleries' standalone September-quarter accounts show a reversal from an Rs 16.00 crore profit in Q2 FY26 to an Rs 8.82 crore loss in Q2 FY27, alongside operating revenue of Rs 48.41 lakh. The half-year figures also recorded an Rs 7.30 crore standalone loss and Rs 76.41 crore of operating cash outflow, although an Rs 83.13 crore reduction in long-term loans generated investing cash inflow.

The next disclosed operational point to watch is the Bhopal plant, which started after September 30, 2026 when its manufacturing licence was granted. Som Distilleries has not disclosed capacity, revenue expectations or a timetable beyond that commencement, so subsequent results will show how the plant's operations are reflected in the standalone alcoholic-beverages segment.