Sophia Traexpo Limited half-year loss rises to Rs 11.66 lakh

Sophia Traexpo Limited reported an unaudited loss after tax of Rs 11.66 lakh for the half-year ended September 30, 2026, nearly double the Rs 5.83 lakh loss a year earlier, while cash and cash equivalents declined to Rs 19.78 lakh from Rs 108.36 lakh at March 31, 2026.

Why did Sophia Traexpo's half-year loss increase?

Sophia Traexpo's half-year loss increased because Rs 12.66 lakh of total expenses exceeded Rs 1 lakh of total income in the half-year ended September 30, 2026. The resulting loss before tax and after tax was Rs 11.66 lakh, compared with Rs 5.83 lakh in the half-year ended September 30, 2025.

The loss rose by Rs 5.83 lakh year on year. The financial statement showed no revenue from operations for the September 2026 half-year, and the Rs 1 lakh of total income was classified as other income. Sophia Traexpo said it operates in a single segment, trading in paper, pulp and allied services, and therefore did not present separate segment figures.

Other expenses were Rs 9.82 lakh during the six months, against Rs 3.14 lakh in the corresponding prior-year period. Employee benefits expense was Rs 1.39 lakh in the September 2026 quarter and Rs 1.34 lakh in the June 2026 quarter, while finance costs shown for the half-year were Rs 2.83 lakh, compared with Rs 2.69 lakh a year earlier.

What were Sophia Traexpo's September-quarter results?

Sophia Traexpo recorded a loss after tax of Rs 8.70 lakh in the quarter ended September 30, 2026, compared with losses of Rs 2.96 lakh in the preceding June 2026 quarter and Rs 2.97 lakh in the September 2025 quarter. The September-quarter loss accounted for most of the Rs 11.66 lakh half-year loss.

Total income in the September quarter was Rs 1 lakh, entirely classified as other income, while total expenses were Rs 9.70 lakh. Other expenses of Rs 8.20 lakh were the largest reported cost line, followed by employee benefits expense of Rs 1.39 lakh; the June quarter reported total expenses of Rs 2.96 lakh.

Basic and diluted loss per share was Rs 0.17 in the September quarter, against Rs 0.06 in both the June 2026 and September 2025 quarters. For the half-year, basic and diluted loss per share was Rs 0.23, versus Rs 0.11 in the year-earlier six months, while equity share capital remained Rs 5.10 crore.

How did Sophia Traexpo's cash and bank balances change?

Sophia Traexpo's cash and cash equivalents fell by Rs 88.58 lakh in the period ended September 30, 2026, closing at Rs 19.78 lakh compared with Rs 108.36 lakh at March 31, 2026. The closing balance comprised Rs 19.28 lakh held in current accounts and Rs 0.50 lakh in cash in hand.

The cash-flow statement reported net cash from operating activities of negative Rs 88.58 lakh for the period. It also recorded a Rs 75.76 lakh increase in bank balances other than cash and cash equivalents, a Rs 2.02 lakh increase in other current assets and financial assets, a Rs 0.71 lakh increase in trade payables, and a Rs 0.15 lakh increase in other current liabilities.

Sophia Traexpo separately reported Rs 75.76 lakh of bank balances outside the cash-and-cash-equivalents line at September 30, 2026. The filing showed no amounts under investing or financing cash flows for the period, and reported the same Rs 88.58 lakh figure as the net decrease in cash and cash equivalents.

What changed in Sophia Traexpo's balance sheet?

Sophia Traexpo's total assets increased to Rs 4.87 crore at September 30, 2026 from Rs 4.37 crore at March 31, 2026. Current assets were Rs 4.87 crore and non-current assets were Rs 0.04 lakh at the September reporting date.

The increase included current investments of Rs 60.07 lakh at September 30, compared with Rs 0.10 lakh at March 31. Trade receivables were unchanged at Rs 1.18 crore, other financial assets were unchanged at Rs 2.01 crore, and other current assets rose to Rs 11.32 lakh from Rs 9.31 lakh.

Equity was Rs 4.38 crore at September 30, 2026, compared with Rs 4.05 crore at March 31, while share capital stayed at Rs 5.10 crore. Other equity was negative Rs 71.62 lakh, compared with negative Rs 1.05 crore at year-end; non-current liabilities rose to Rs 40.09 lakh from Rs 25 lakh, including Rs 25 lakh of borrowings and Rs 15.09 lakh of deferred tax liability.

What leadership changes did Sophia Traexpo announce?

Sophia Traexpo's board approved Nalluri Anmol's appointment as an additional director in the executive category and whole-time director for five years from November 13, 2026, subject to members' approval. The board also appointed him chief financial officer from the same date.

Yerrapragada Mallikarjuna Rao resigned as whole-time director, director and chief financial officer at the close of business on November 12, 2026. Durga Venkata Vara Chadalawada Prasad Rao also resigned as independent director from the closing hours of November 12, and the board approved a reconstitution of its board and committees from November 13.

The board approved the unaudited quarterly and half-year results at its November 12 meeting, held from 3 pm to 3.30 pm. NSVR & Associates LLP conducted a limited review and said nothing had come to its attention indicating that the statement failed required disclosures or contained a material misstatement; it said a review does not provide an audit opinion.

Conclusion

Sophia Traexpo's September 2026 filing combines a year-on-year increase in the half-year loss, no reported revenue from operations and a decline in cash and cash equivalents to Rs 19.78 lakh. Total assets nonetheless rose by about Rs 49.17 lakh, alongside higher current investments and bank balances reported separately from cash equivalents.

The next disclosed development is the November 13, 2026 leadership transition, when Nalluri Anmol becomes whole-time director and chief financial officer. Members' approval is still required for his five-year whole-time director appointment and for Manideep Kaja's appointment as an independent director.