Technocrats Plasma Systems Limited reports Rs 11.90 crore H1 profit

Technocrats Plasma Systems Limited reported unaudited profit after tax of Rs 11.90 crore for the half year ended September 30, 2026, as revenue from operations reached Rs 101.34 crore. Revenue was Rs 48.86 crore above the corresponding 2025 half-year figure, while trade receivables rose to Rs 68.14 crore at period-end.

What did Technocrats Plasma Systems report for the first half?

Technocrats Plasma Systems reported revenue from operations of Rs 101.34 crore for the half year ended September 30, 2026, compared with Rs 52.48 crore in the corresponding half year ended September 30, 2025. The increase was Rs 48.86 crore between the two six-month periods. Other income was Rs 1.21 lakh in the latest half year, taking total income to Rs 101.45 crore.

Revenue from operations accounted for almost all of the Rs 101.45 crore total income reported for the September 2026 half year. The board approved the unaudited results and limited review report on October 31, 2026. The filing does not provide a split of revenue by product, customer, contract or business segment, so it does not identify the source of the year-on-year increase.

The September 2026 result also included quarterly revenue from operations of Rs 72.22 crore, compared with Rs 48.52 crore in the quarter ended September 30, 2025. The filing separately presents half-year and quarterly figures, but does not explain the relationship between the reported revenue growth and its order execution, production volumes or pricing.

How did Technocrats Plasma Systems convert revenue into profit?

Technocrats Plasma Systems recorded profit before tax of Rs 15.98 crore and profit after tax of Rs 11.90 crore for the half year ended September 30, 2026. Current tax was Rs 4.03 crore for the period. Profit after tax was Rs 9.98 crore higher than the Rs 1.92 crore reported in the corresponding half year ended September 30, 2025.

Cost of materials consumed was Rs 102.10 crore in the September 2026 half year, while the change in inventories of finished goods, work-in-progress and stock in trade was negative Rs 19.51 crore. Employee benefits expense was Rs 1.84 crore, finance costs were Rs 17.69 lakh, depreciation and amortisation was Rs 9.95 lakh, and other expenses were Rs 2.31 crore.

The negative inventory-change line reduced reported expenses against the materials-consumption amount in the half-year statement. Technocrats Plasma Systems reported total expenses of Rs 85.47 crore, compared with total income of Rs 101.45 crore. The filing gives no management forecast for the second half and does not state whether the inventory movement or cost mix will recur.

What changed in Technocrats Plasma Systems' working-capital balances?

Technocrats Plasma Systems reported trade receivables of Rs 68.14 crore at September 30, 2026, compared with Rs 20.98 crore at March 31, 2026. The receivables balance therefore increased by Rs 47.16 crore over the six-month period in which first-half revenue from operations was Rs 101.34 crore.

Inventories rose to Rs 52.68 crore at September 30 from Rs 33.81 crore at March 31, an increase of Rs 18.86 crore. Trade payables other than amounts due to micro and small enterprises increased to Rs 32.81 crore from Rs 11.10 crore, a rise of Rs 21.72 crore. The filing does not disclose receivable ageing, inventory composition or creditor due dates.

Short-term provisions rose to Rs 9.42 crore from Rs 5.20 crore over the same interval. Amounts payable to micro and small enterprises were unchanged at Rs 14.15 lakh at both September 30 and March 31. These balance-sheet movements accompanied the increase in revenue but are not explained further in the results filing.

How did Technocrats Plasma Systems' borrowings and cash balances move?

Technocrats Plasma Systems reported long-term borrowings of Rs 13.16 crore at September 30, 2026, compared with Rs 7.97 crore at March 31, 2026. Short-term borrowings moved in the opposite direction, declining to Rs 53.41 lakh from Rs 6.76 crore at the March year-end.

Cash and bank balances increased to Rs 62.92 lakh at September 30 from Rs 43.75 lakh at March 31. Short-term loans and advances declined to Rs 2.66 crore from Rs 13.15 crore. The statement of assets and liabilities does not provide the purposes, terms or repayment schedule of the borrowings.

The filing also records property, plant and equipment of Rs 2.24 crore at September 30, compared with Rs 2.29 crore at March 31. Intangible assets were Rs 10.12 lakh, down from Rs 13.27 lakh. These figures are reported in the unaudited balance sheet prepared for the six months ended September 30, 2026.

Were Technocrats Plasma Systems' September 2026 results audited?

Technocrats Plasma Systems' September 2026 results were unaudited and subject to a limited review by Piyush Kothari & Associates, Chartered Accountants. In its report dated October 31, 2026, the reviewer said nothing had come to its attention that caused it to believe the statement failed to make required disclosures or contained a material misstatement.

The review was conducted under Standard on Review Engagements 2410, which the auditor described as consisting principally of inquiries and analytical procedures. The auditor said a review provides less assurance than an audit and that it did not express an audit opinion on the half-year financial statements.

The board meeting on October 31 began at 2:30 p.m. and concluded at 2:55 p.m. Alongside the results, the board approved an enhancement to the daily transaction limit for the company's bank account and measures intended to expedite the addition of beneficiaries for internet-banking payments.

Conclusion

Technocrats Plasma Systems' September 2026 half-year filing shows revenue from operations rising to Rs 101.34 crore from Rs 52.48 crore a year earlier, alongside profit after tax of Rs 11.90 crore versus Rs 1.92 crore. The expansion coincided with higher receivables of Rs 68.14 crore, inventories of Rs 52.68 crore and trade payables of Rs 32.81 crore.

The next reported results will show whether the first-half revenue and profit levels continue and how the receivable, inventory and creditor balances change. The filing gives no full-year target or outlook, while the disclosed operational plan is limited to raising the daily bank-account transaction limit and speeding beneficiary additions for internet-banking payments.