Standard Batteries reports Rs 28.08 lakh H1 loss with nil revenue

The Standard Batteries Limited reported a Rs 28.08 lakh net loss for the half year ended September 30, 2026, as revenue from operations remained nil and cash and cash equivalents fell to Rs 1.84 lakh from Rs 6.63 lakh at March 31, 2026. Standard Batteries’ unaudited results were approved on November 12, 2026.

What did Standard Batteries report for the half year?

Standard Batteries reported a Rs 28.08 lakh net loss for the half year ended September 30, 2026, compared with a Rs 27.59 lakh loss in the corresponding half year ended September 30, 2025. Loss before tax was also Rs 28.08 lakh because the company recorded no current or deferred tax expense for the reported six months.

Total income was Rs 0.21 lakh, entirely from other income, while revenue from operations was nil. In the half year ended September 30, 2025, other income was Rs 0.46 lakh and operating revenue was also nil. Total expenses increased to Rs 28.29 lakh from Rs 28.05 lakh, resulting in a Rs 0.49 lakh increase in the reported loss.

Basic and diluted loss per share was Rs 0.54 for the half year, compared with Rs 0.53 a year earlier. Paid-up equity share capital was unchanged at Rs 51.71 lakh, with a face value of Rs 1 for each equity share. The filing identifies no operating revenue during the half year.

How did Standard Batteries perform in the September quarter?

Standard Batteries posted a Rs 14.42 lakh net loss in the quarter ended September 30, 2026, compared with a Rs 13.66 lakh loss in the preceding quarter ended June 30, 2026. The September-quarter loss was also higher than the Rs 13.98 lakh loss reported in the quarter ended September 30, 2025.

Other income was Rs 0.13 lakh in the September 2026 quarter, against Rs 0.08 lakh in June 2026 and Rs 0.22 lakh in September 2025. Revenue from operations was nil in all three quarterly periods shown in the financial-results statement, so the movement in total income came from other income rather than sales.

Total expenses were Rs 14.55 lakh in the September 2026 quarter, compared with Rs 13.74 lakh in June 2026 and Rs 14.20 lakh a year earlier. Employee benefits expense was Rs 6.57 lakh, nearly unchanged from Rs 6.58 lakh in the June quarter, while other expenses increased to Rs 7.98 lakh from Rs 7.16 lakh.

What drove Standard Batteries' first-half loss?

Standard Batteries’ first-half loss resulted from Rs 28.29 lakh of expenses against Rs 0.21 lakh of other income and nil revenue from operations. Employee benefits expense was Rs 13.15 lakh for the half year ended September 30, 2026, down from Rs 13.38 lakh in the prior-year half year.

Other expenses rose to Rs 15.14 lakh from Rs 14.67 lakh a year earlier, an increase of Rs 0.47 lakh. The Rs 0.23 lakh reduction in employee benefits expense did not offset the rise in other expenses and the Rs 0.25 lakh decline in other income.

Standard Batteries said it was primarily engaged in trading steel products and identified this as its only business segment. It said segment-reporting requirements under Indian Accounting Standard 108, Operating Segments, were not applicable; the filing does not give an explanation for nil operating revenue or disclose a revenue target.

How did Standard Batteries' cash position change?

Standard Batteries ended September 30, 2026 with cash and cash equivalents of Rs 1.84 lakh, down Rs 4.79 lakh from Rs 6.63 lakh at the beginning of the financial year. Its cash-flow statement reported a Rs 24.94 lakh net cash outflow from operating activities during the half year, partly offset by a Rs 20.15 lakh net cash inflow from investing activities.

Cash used in operations was Rs 24.94 lakh after an operating loss before working-capital changes of Rs 28.29 lakh. A Rs 4.16 lakh increase in other financial liabilities was a working-capital inflow, while other current assets increased by Rs 0.69 lakh and other current liabilities decreased by Rs 0.15 lakh. The statement recorded no financing cash flow.

Investing cash flows included Rs 20 lakh recovered from inter-corporate deposits and Rs 0.21 lakh of interest received from fixed deposits and bonds. The net investing inflow of Rs 20.15 lakh also reflected investment in fixed deposits. The cash-flow statement was prepared under the indirect method specified by Indian Accounting Standard 7, Statement of Cash Flows.

What changed in Standard Batteries' balance sheet?

Standard Batteries’ total assets declined to Rs 1.9037 crore at September 30, 2026 from Rs 2.1444 crore at March 31, 2026. Current assets fell to Rs 1.3194 crore from Rs 1.5604 crore, while non-current assets were broadly unchanged at Rs 58.43 lakh compared with Rs 58.40 lakh.

Cash and cash equivalents declined to Rs 1.84 lakh from Rs 6.63 lakh, and current other financial assets decreased to Rs 1.23 crore from Rs 1.43 crore. Other current assets increased to Rs 7.10 lakh from Rs 6.41 lakh, while investments remained Rs 16 lakh and income-tax assets remained Rs 33.31 lakh.

Total equity reduced to Rs 67.73 lakh from Rs 95.81 lakh, matching the Rs 28.08 lakh loss recorded for the half year, while equity share capital remained Rs 51.71 lakh. Current liabilities increased to Rs 1.2264 crore from Rs 1.1863 crore, as other financial liabilities rose to Rs 86.44 lakh from Rs 82.28 lakh; trade payables other than to micro and small enterprises remained Rs 2.16 lakh.

Conclusion

Standard Batteries remained loss-making in the half year ended September 30, 2026, with nil operating revenue, Rs 28.29 lakh of expenses and Rs 0.21 lakh of other income. The Rs 28.08 lakh loss was Rs 0.49 lakh higher than a year earlier, while the operating cash outflow reduced cash and cash equivalents to Rs 1.84 lakh.

The next reported results will show whether Standard Batteries records revenue from its stated steel-products trading activity and whether cash changes after the Rs 24.94 lakh first-half operating outflow. The November 12, 2026 filing discloses no revenue target, fund-raising plan or specific operating plan for the remainder of financial year 2026-27.