Spenta posts September profit but first-half loss widens

Spenta International Limited posted a Rs 18.54 lakh profit for the quarter ended 30 September 2026, reversing a Rs 82.22 lakh loss in the June quarter, but reported a Rs 63.68 lakh loss for the half year, compared with a Rs 6.60 lakh loss a year earlier. September-quarter revenue from operations was Rs 14.61 crore.

How did Spenta perform in the September 2026 quarter?

Spenta returned to profit in the quarter ended 30 September 2026, reporting profit after tax of Rs 18.54 lakh, against a loss after tax of Rs 82.22 lakh in the quarter ended 30 June 2026. It had recorded a profit after tax of Rs 3.52 lakh in the quarter ended 30 September 2025.

Profit before tax was Rs 19.47 lakh in the September 2026 quarter, compared with a pre-tax loss of Rs 82.49 lakh in the preceding quarter and a profit before tax of Rs 0.78 lakh a year earlier. Tax expense was Rs 0.93 lakh in September 2026, versus Rs 0.27 lakh in June 2026 and Rs 2.74 lakh in September 2025.

What changed between Spenta's June and September quarters?

Spenta's revenue from operations increased by Rs 4.72 crore quarter on quarter to Rs 14.61 crore in September 2026 from Rs 9.89 crore in June 2026. Total revenue, including other income, increased by Rs 4.68 crore to Rs 14.92 crore from Rs 10.24 crore over the same period.

Total expenses were Rs 14.73 crore in the September quarter, compared with Rs 11.07 crore in the June quarter. Although costs rose by Rs 3.65 crore, the increase was lower than the Rs 4.68 crore increase in total revenue, resulting in a Rs 19.47 lakh pre-tax profit after the June-quarter pre-tax loss of Rs 82.49 lakh.

Revenue from operations also exceeded the Rs 10.98 crore reported in the September 2025 quarter by Rs 3.63 crore. Total revenue was Rs 11.24 crore a year earlier, while profit after tax was Rs 3.52 lakh, indicating that the September 2026 profit was Rs 15.02 lakh higher than the prior-year quarter.

The filing reports basic and diluted earnings per share of Rs 0.67 for the September 2026 quarter, against a loss per share of Rs 2.97 in the June 2026 quarter. The comparable September 2025 basic and diluted earnings per share were Rs 0.13.

Why did Spenta's first-half loss widen?

Spenta's first-half loss widened because the Rs 18.54 lakh September-quarter profit did not offset the Rs 82.22 lakh loss in the June 2026 quarter. The loss after tax for the half year ended 30 September 2026 was Rs 63.68 lakh, compared with Rs 6.60 lakh for the half year ended 30 September 2025.

Revenue from operations rose to Rs 24.50 crore in the 2026 half year from Rs 21.00 crore a year earlier, while other income increased to Rs 66.56 lakh from Rs 55.85 lakh. This lifted total revenue to Rs 25.17 crore from Rs 21.56 crore, an increase of Rs 3.61 crore.

Total expenses increased to Rs 25.80 crore from Rs 21.54 crore, a rise of Rs 4.26 crore that exceeded the increase in total revenue. Consequently, Spenta moved from a pre-tax loss of Rs 1.46 lakh in the prior-year half to a pre-tax loss of Rs 63.02 lakh in the half year ended 30 September 2026.

What does Spenta's balance sheet show at September 2026?

Spenta reported total assets of Rs 61.73 crore at 30 September 2026, up from Rs 56.60 crore at 31 March 2026. Current assets increased to Rs 46.52 crore from Rs 41.28 crore, while non-current assets were Rs 15.21 crore at September 2026 compared with Rs 15.32 crore at the March year-end.

Inventories stood at Rs 19.25 crore at 30 September 2026, versus Rs 16.86 crore at 31 March 2026. Trade receivables rose to Rs 12.02 crore from Rs 9.84 crore, while bank balances other than cash and cash equivalents increased to Rs 10.56 crore from Rs 10.19 crore.

Cash and cash equivalents were Rs 28.06 lakh at 30 September 2026, compared with Rs 30.12 lakh at 31 March 2026. Current investments were Rs 1.04 crore at September 2026, marginally below Rs 1.05 crore at the previous financial year-end.

Total equity was Rs 27.05 crore at 30 September 2026, compared with Rs 27.70 crore at 31 March 2026. Paid-up equity share capital was unchanged at Rs 2.76 crore, while other equity declined to Rs 24.29 crore from Rs 24.94 crore.

What were Spenta's borrowings and liabilities at September 2026?

Spenta reported current borrowings of Rs 20.82 crore at 30 September 2026, up from Rs 18.75 crore at 31 March 2026. Non-current borrowings were Rs 2.42 crore, down from Rs 2.65 crore at the March 2026 year-end.

Total current liabilities were Rs 30.69 crore at 30 September 2026, compared with Rs 24.78 crore at 31 March 2026. Non-current liabilities were Rs 3.99 crore at September 2026, versus Rs 4.12 crore at the financial year-end.

The company stated that there were no outstanding defaults on loans or debt securities in the results filing dated 13 November 2026. It also stated that there was no deviation or variation in the use of proceeds from public, rights, preferential or qualified institutional placement issues.

What did Spenta disclose about its operations and financial review?

Spenta said it operates in one segment, textiles, and therefore did not provide separate segment reporting. The filing consequently contains no product, customer, geography or business-division revenue split for the quarter and half year ended 30 September 2026.

The board approved the unaudited standalone results on 13 November 2026 after review by the Audit Committee. The board meeting began at 3:30 p.m. and ended at 4:00 p.m. on that date.

A. K. Kochhar & Associates issued an independent limited review report dated 13 November 2026. The auditor said nothing had come to its attention that caused it to believe the unaudited results did not disclose the required information or contained a material misstatement.

The results were prepared under Indian Accounting Standard 34, or Ind AS 34, for interim financial reporting, according to the filing. Spenta also said prior-period figures had been regrouped or rearranged where necessary to conform with the current-period presentation.

Conclusion

Spenta's September-quarter profit represents a sequential improvement from the June-quarter loss, with revenue from operations rising to Rs 14.61 crore and profit after tax reaching Rs 18.54 lakh. For the half year, however, expenses of Rs 25.80 crore exceeded total revenue of Rs 25.17 crore, leaving a Rs 63.68 lakh loss that was larger than the Rs 6.60 lakh loss a year earlier.

The company said it will publish the approved results in newspapers under Regulation 47(1)(b) of the Securities and Exchange Board of India listing regulations. Its next financial disclosure will show whether the September-quarter profit is maintained and whether inventories of Rs 19.25 crore, trade receivables of Rs 12.02 crore and current borrowings of Rs 20.82 crore change further.