Tierra Agrotech posts Rs 11.01 crore quarterly loss as revenue falls

Tierra Agrotech Limited reported a consolidated net loss of Rs 11.01 crore for the quarter ended September 30, 2026, as revenue from operations fell to Rs 4.67 crore from Rs 65.90 crore in the preceding quarter and Rs 10.16 crore a year earlier. Total expenses were Rs 18.13 crore.

How did Tierra Agrotech perform in the September 2026 quarter?

Tierra Agrotech recorded a Rs 11.01 crore consolidated loss after tax in the September 30, 2026 quarter, compared with a Rs 3.40 crore profit in the June 2026 quarter and a Rs 3.42 crore loss in the September 2025 quarter. The company reported a pre-tax loss of Rs 12.81 crore, against a pre-tax profit of Rs 4.61 crore in the immediately preceding quarter.

Revenue from operations declined to Rs 4.67 crore in the September quarter from Rs 65.90 crore in June 2026, while other income rose to Rs 64.62 lakh from Rs 24.34 lakh. Tierra Agrotech said other income included Rs 31 lakh profit on sale of a GEAC code. Total income was Rs 5.32 crore, compared with Rs 66.14 crore in the June quarter and Rs 10.43 crore in the September 2025 quarter.

The basic and diluted earnings per share were both negative Rs 1.72 for the quarter, compared with positive Rs 0.53 in the June 2026 quarter. These per-share figures are not annualised, and paid-up equity share capital remained Rs 65.59 crore across all three quarterly columns, with a face value of Rs 10 per share.

What drove Tierra Agrotech’s September quarter loss?

Tierra Agrotech’s loss reflected expenses of Rs 18.13 crore exceeding total income of Rs 5.32 crore by Rs 12.81 crore before tax in the September 2026 quarter. Purchases and direct expenses were Rs 5.11 crore, changes in inventories were Rs 5.85 crore, employee benefits were Rs 3.02 crore, and other expenses were Rs 3.18 crore.

The inventory-change expense increased from Rs 3.92 crore in the September 2025 quarter to Rs 5.85 crore in the latest quarter, although it was below Rs 11.35 crore in the June 2026 quarter. Finance costs rose to Rs 66.63 lakh from Rs 45.39 lakh a year earlier, while depreciation and amortisation increased to Rs 31.85 lakh from Rs 25.42 lakh.

Purchases and direct expenses were higher than the Rs 3.17 crore reported in the year-earlier quarter but substantially below Rs 41.65 crore in June 2026. Other expenses declined from Rs 4.46 crore sequentially and Rs 4.11 crore year on year, but that reduction did not offset the fall in revenue to Rs 4.67 crore.

The reported tax line was a deferred-tax credit of Rs 1.80 crore for the September 2026 quarter, compared with a deferred-tax charge of Rs 1.21 crore in the June quarter. This credit reduced the post-tax loss to Rs 11.01 crore from the Rs 12.81 crore loss before tax; Tierra Agrotech did not disclose a separate operating explanation beyond the financial-result line items.

What was Tierra Agrotech’s first-half result?

Tierra Agrotech posted a consolidated loss after tax of Rs 7.61 crore for the half year ended September 30, 2026, reversing a Rs 1.98 crore profit in the corresponding half of 2025. The six-month result combines the Rs 3.40 crore profit in the June quarter with the Rs 11.01 crore loss in the September quarter.

The half-year revenue from operations nevertheless increased to Rs 70.57 crore from Rs 62.07 crore in the year-earlier half. Total expenses increased to Rs 79.67 crore from Rs 59.63 crore, resulting in a pre-tax loss of Rs 8.20 crore, compared with a pre-tax profit of Rs 2.96 crore in the earlier period.

Purchases and direct expenses in the first half rose to Rs 46.76 crore from Rs 22.91 crore, while inventory changes declined to Rs 17.20 crore from Rs 20.59 crore. Finance costs increased to Rs 1.20 crore from Rs 70.45 lakh, and depreciation and amortisation rose to Rs 61.20 lakh from Rs 50.09 lakh. Tierra Agrotech operates in one segment, so it did not provide segment-level revenue or profit data under Indian Accounting Standard 108.

What changed in Tierra Agrotech’s balance sheet and cash flow?

Tierra Agrotech’s consolidated total assets declined to Rs 176.75 crore at September 30, 2026 from Rs 190.58 crore at March 31, 2026, while total equity decreased to Rs 90.52 crore from Rs 98.13 crore. Other equity fell to Rs 24.93 crore from Rs 32.54 crore during the six-month period, while share capital remained Rs 65.59 crore.

Current assets declined to Rs 78.19 crore from Rs 93.17 crore, led by inventories falling to Rs 54.65 crore from Rs 71.84 crore. Trade receivables increased to Rs 17.37 crore from Rs 16.33 crore, and cash and cash equivalents on the balance sheet increased to Rs 2.43 crore from Rs 33.10 lakh.

Current liabilities decreased to Rs 77.18 crore from Rs 86.63 crore. Trade payables other than amounts owed to micro and small enterprises fell to Rs 14.07 crore from Rs 40.77 crore, whereas provisions increased to Rs 7.69 crore from Rs 1.38 crore and other current liabilities increased to Rs 31.51 crore from Rs 23.63 crore.

The consolidated cash-flow statement showed Rs 17.67 lakh used in operating activities in the half year ended September 30, 2026, compared with Rs 16.31 crore used in the year ended March 31, 2026. Financing activities generated Rs 1.99 crore, and cash and cash equivalents, including Rs 6.98 lakh of bank balances, stood at Rs 2.50 crore at the end of the half year, versus Rs 40.08 lakh at March 31, 2026.

Did auditors qualify Tierra Agrotech’s consolidated results?

No, Tierra Agrotech’s statutory auditor issued an unmodified conclusion on the unaudited consolidated results approved by the board on November 11, 2026. The auditor conducted a limited review under Standard on Review Engagements 2410, which is narrower in scope than an audit and does not provide an audit opinion.

The consolidated statement includes wholly owned subsidiary Tidas Agrotech Private Limited. The other auditor’s reviewed interim information for that subsidiary showed revenue of Rs 13.37 crore for the September 2026 quarter and a loss after tax of Rs 3.54 lakh; the principal auditor stated that its conclusion was not modified in respect of the subsidiary-related matter.

Conclusion

Tierra Agrotech’s September-quarter results moved from a Rs 3.40 crore profit in June 2026 to an Rs 11.01 crore loss, as revenue declined to Rs 4.67 crore while expenses were Rs 18.13 crore. First-half revenue increased to Rs 70.57 crore, but expenses of Rs 79.67 crore resulted in a Rs 7.61 crore loss after tax.

The next disclosed corporate event is the planned appointment of Sridevi Dasari as an additional executive director from November 16, 2026 for five years, subject to shareholder approval. Future quarterly disclosures will show whether revenue, inventory, receivables of Rs 17.37 crore and cash of Rs 2.50 crore change from the positions reported for the half year.