Thakkers Group posts Rs 2.10 crore loss in September quarter

Thakkers Group Limited reported a Rs 2.10 crore loss for the quarter ended September 30, 2026, compared with a Rs 2.10 crore profit a year earlier, as other income fell to Rs 0.44 crore from Rs 5.01 crore and total expenses rose to Rs 7.52 crore. The board approved the unaudited standalone results on November 13, 2026.

Why did Thakkers Group report a September-quarter loss?

Thakkers Group reported a loss because the decline in other income and higher expenses outweighed growth in revenue from operations during the quarter ended September 30, 2026. Revenue from operations increased to Rs 4.98 crore from Rs 1.14 crore a year earlier, but other income dropped by Rs 4.57 crore to Rs 0.44 crore from Rs 5.01 crore.

Total income was Rs 5.42 crore in the September 2026 quarter, down from Rs 6.15 crore in the corresponding 2025 quarter. Meanwhile, total expenses increased to Rs 7.52 crore from Rs 4.04 crore, resulting in a loss before tax of Rs 2.10 crore, against a profit before tax of Rs 2.10 crore a year earlier. The filing recorded no exceptional items and no tax expense in either September quarter.

The September-quarter result also deteriorated sequentially from the quarter ended June 30, 2026, when Thakkers Group reported a Rs 0.80 crore loss. Total income fell from Rs 5.98 crore in June to Rs 5.42 crore in September, while total expenses rose from Rs 6.77 crore to Rs 7.52 crore.

How did Thakkers Group’s costs change in the quarter?

Thakkers Group’s expenses rose by Rs 3.47 crore year on year, led by cost of material consumed of Rs 1.95 crore and changes in inventories of finished goods, work-in-progress and stock-in-trade of Rs 1.86 crore in the September 2026 quarter. The filing does not show comparative September 2025 amounts for those two individual lines, although it reports total expenses of Rs 4.04 crore for that earlier quarter.

Finance costs decreased to Rs 2.11 crore from Rs 2.26 crore a year earlier, while employee benefits expense declined to Rs 0.30 crore from Rs 0.37 crore. Other expenditure fell to Rs 0.74 crore from Rs 0.91 crore, but depreciation and amortisation increased to Rs 0.57 crore from Rs 0.49 crore. These cost movements did not offset the Rs 4.57 crore reduction in other income.

Sequentially, cost of material consumed declined from Rs 3.04 crore in the June 2026 quarter to Rs 1.95 crore in the September quarter. However, inventory changes moved from a reduction of Rs 12,000 in June to an expense of Rs 1.86 crore in September, while finance costs were Rs 2.13 crore in June and Rs 2.11 crore in September.

Did operating revenue growth offset lower other income?

No, Thakkers Group’s increase in operating revenue did not offset the reduction in other income in the quarter ended September 30, 2026. Revenue from operations rose by Rs 3.84 crore year on year, but other income declined by Rs 4.57 crore, leaving total income Rs 0.73 crore below the Rs 6.15 crore reported in the September 2025 quarter.

The same contrast appeared in the half-year results. For the half year ended September 30, 2026, revenue from operations rose to Rs 10.53 crore from Rs 3.64 crore in the corresponding prior-year period. Other income, however, fell to Rs 0.85 crore from Rs 9.14 crore, and total income declined to Rs 11.39 crore from Rs 13.08 crore.

Total expenses for the six-month period increased to Rs 14.29 crore from Rs 8.37 crore. Thakkers Group consequently reported a Rs 2.89 crore loss for the half year, compared with a Rs 4.72 crore profit in the year-earlier half. Half-year finance costs fell to Rs 4.24 crore from Rs 4.82 crore, while depreciation and amortisation increased to Rs 1.13 crore from Rs 0.99 crore.

What do the results show about earnings per share and financial position?

Thakkers Group reported basic and diluted loss per share of Rs 13.26 for the quarter ended September 30, 2026, compared with earnings per share of Rs 13.30 in the September 2025 quarter. Earnings per share, or EPS, measures reported profit or loss for each equity share; the filing showed identical basic and diluted figures for both periods.

The quarterly loss per share widened from Rs 5.02 in the June 2026 quarter to Rs 13.26 in the September quarter. For the half year ended September 30, 2026, basic and diluted loss per share was Rs 18.28, compared with earnings per share of Rs 29.79 in the prior-year half. The filing reported no other comprehensive income for the September 2026 quarter or half year.

Total assets stood at Rs 250.43 crore as of September 30, 2026, compared with Rs 236.47 crore as of March 31, 2026. Current investments increased to Rs 145.67 crore from Rs 139.96 crore, and investment property rose to Rs 41.54 crore from Rs 36.49 crore. Cash and cash equivalents decreased to Rs 17.94 lakh from Rs 24.29 lakh.

Non-current borrowings were Rs 34.06 crore on September 30, 2026, up from Rs 20.84 crore on March 31, while current borrowings increased to Rs 9.85 crore from Rs 3.44 crore. Total equity was Rs 59.15 crore at September 30, compared with Rs 62.04 crore at March 31. Inventory rose to Rs 5.36 crore from Rs 4.76 crore over the same period.

Conclusion

Thakkers Group moved from a Rs 2.10 crore profit in the September 2025 quarter to a Rs 2.10 crore loss in the September 2026 quarter. Higher operating revenue of Rs 4.98 crore did not compensate for other income falling to Rs 0.44 crore and total expenses increasing to Rs 7.52 crore; the half-year result was also a Rs 2.89 crore loss.

The November 13, 2026 filing discloses no recovery plan, earnings target or next-results date. Subsequent disclosures will show whether other income, which was Rs 0.85 crore for the half year, changes alongside inventory-related costs and borrowings of Rs 43.91 crore across current and non-current classifications as of September 30, 2026.