Sophia Traexpo reports Rs 8.70 lakh September-quarter loss

Sophia Traexpo Limited reported an unaudited loss after tax of Rs 8.70 lakh for the quarter ended September 30, 2026, against losses of Rs 2.96 lakh in the preceding quarter and Rs 2.97 lakh a year earlier. Sophia Traexpo reported no revenue from operations, while cash and cash equivalents fell to Rs 19.78 lakh from Rs 108.36 lakh at March 31, 2026.

How did Sophia Traexpo perform in the September 2026 quarter?

Sophia Traexpo posted a loss after tax of Rs 8.70 lakh for the quarter ended September 30, 2026, compared with a Rs 2.96 lakh loss in the quarter ended June 30, 2026 and a Rs 2.97 lakh loss in the quarter ended September 30, 2025. Loss before tax was also Rs 8.70 lakh, as the quarterly statement did not report current or deferred tax expense.

Total expenses rose to Rs 9.70 lakh in the September 2026 quarter from Rs 2.96 lakh in June 2026 and Rs 2.97 lakh a year earlier. Other expenses accounted for Rs 8.20 lakh, up from Rs 1.62 lakh in the preceding quarter and Rs 1.63 lakh in the September 2025 quarter, while employee benefits expense was Rs 1.39 lakh.

For the half-year ended September 30, 2026, Sophia Traexpo recorded a loss after tax of Rs 11.66 lakh, compared with a Rs 5.83 lakh loss in the corresponding prior-year half. The September-quarter loss accounted for Rs 8.70 lakh of the six-month loss, following a Rs 2.96 lakh loss in the June quarter.

Did Sophia Traexpo report operating revenue?

Sophia Traexpo reported no revenue from operations for either the quarter or half-year ended September 30, 2026. Its total income was Rs 1.00 lakh in both periods, and the statement classified that amount as other income rather than operating revenue.

Sophia Traexpo said it operates in one segment, trading of paper, pulp and related services, and did not provide segment information under Indian Accounting Standard 108, or Ind AS 108. With quarterly expenses of Rs 9.70 lakh and other income of Rs 1.00 lakh, the reported pre-tax loss was Rs 8.70 lakh.

Basic and diluted loss per equity share was Rs 0.17 for the September 2026 quarter, compared with Rs 0.06 in both the June 2026 and September 2025 quarters. For the half-year ended September 30, 2026, basic and diluted loss per share was Rs 0.23, against Rs 0.11 in the comparable 2025 half-year.

Why did Sophia Traexpo’s cash and cash equivalents decline?

Sophia Traexpo’s cash and cash equivalents decreased by Rs 88.58 lakh during the half-year 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 in current bank accounts and Rs 0.50 lakh in cash in hand.

The cash-flow statement reported net cash used in operating activities of Rs 88.58 lakh for the six-month period. It disclosed a Rs 11.66 lakh loss before tax, a Rs 2.02 lakh increase in other current assets and financial assets, and a Rs 75.76 lakh increase in bank balances other than cash and cash equivalents; trade payables increased by Rs 0.71 lakh and other current liabilities by Rs 0.15 lakh.

Sophia Traexpo did not report cash flows from investing or financing activities for the period ended September 30, 2026. For the year ended March 31, 2026, its cash and cash equivalents declined by Rs 12.66 lakh to Rs 108.36 lakh from Rs 121.02 lakh at the start of that year.

What changed in Sophia Traexpo’s balance sheet?

Sophia Traexpo’s total assets rose to Rs 4.8665 crore at September 30, 2026 from Rs 4.3748 crore at March 31, 2026. Current investments increased to Rs 60.07 lakh from Rs 0.10 lakh, while other bank balances were Rs 75.76 lakh at September-end and cash and cash equivalents had declined by Rs 88.58 lakh over the half-year.

Trade receivables were unchanged at Rs 1.1835 crore and other financial assets were unchanged at Rs 2.0133 crore between March 31 and September 30, 2026. Other current assets increased to Rs 11.32 lakh from Rs 9.31 lakh, while property, plant and equipment remained Rs 0.04 lakh.

Equity was Rs 4.3838 crore at September 30, 2026, compared with Rs 4.0517 crore at March 31, 2026, with equity share capital unchanged at Rs 5.10 crore. Non-current liabilities increased to Rs 40.09 lakh from Rs 25.00 lakh, including Rs 25.00 lakh of borrowings and a Rs 15.09 lakh deferred tax liability, while current liabilities rose to Rs 8.17 lakh from Rs 7.32 lakh.

What management and review developments were disclosed?

Sophia Traexpo disclosed that Whole-Time Director and Chief Financial Officer Yerrapragada Mallikarjuna Rao resigned effective at the close of business on November 12, 2026. He cited personal reasons and other preoccupations, and confirmed that there were no other material reasons for his resignation.

Independent Director Durga Venkata Vara Chadalawada Prasad Rao also resigned effective at the close of business on November 12, 2026, citing personal reasons and other preoccupations. The company said he confirmed there were no other material reasons, and disclosed that he was a member of the audit committee and stakeholders relationship committee of Arun Power Projects Limited.

Sophia Traexpo’s audit committee reviewed, and its board approved, the unaudited results on November 12, 2026. NSVR & Associates LLP said in its November 12 review report that nothing had come to its attention indicating that the results lacked required disclosures or contained a material misstatement; it also noted that a review is narrower in scope than an audit and does not provide an audit opinion.

Conclusion

Sophia Traexpo’s September 2026 disclosures show a wider quarterly loss of Rs 8.70 lakh, no reported operating revenue and a Rs 88.58 lakh half-year reduction in cash and cash equivalents. Total assets increased to Rs 4.8665 crore, but the asset mix changed as current investments and other bank balances increased while immediately available cash declined to Rs 19.78 lakh.

The next financial results will show whether Sophia Traexpo reports revenue from its paper, pulp and related-services trading segment and whether cash and bank-balance movements reverse after September 30, 2026. The company’s next disclosures may also address leadership arrangements following the November 12, 2026 resignations of its Whole-Time Director and Chief Financial Officer and an Independent Director.