Toss The Coin profit falls to Rs 0.35 lakh as revenue declines

Toss The Coin Limited reported profit after tax of Rs 0.35 lakh for the half year ended September 30, 2026, compared with Rs 1.4337 crore a year earlier, as revenue from operations declined to Rs 6.0727 crore and total expenses increased to Rs 6.3295 crore. The board approved the unaudited results on November 10, 2026.

Why did Toss The Coin’s September-half profit fall?

Toss The Coin’s profit fell because lower operating revenue coincided with higher employee, depreciation and other expenses in the half year ended September 30, 2026. Revenue from operations declined by Rs 0.8136 crore to Rs 6.0727 crore from Rs 6.8863 crore in the corresponding 2025 half, while other income rose to Rs 26.14 lakh from Rs 24.86 lakh.

Total income declined to Rs 6.3341 crore from Rs 7.1349 crore, while total expenses increased to Rs 6.3295 crore from Rs 5.2151 crore. Profit before tax consequently fell to Rs 0.46 lakh from Rs 1.9198 crore. After current-tax and deferred-tax movements, profit after tax was Rs 0.35 lakh, against Rs 1.4337 crore in the prior-year half.

Which expenses changed most for Toss The Coin?

Toss The Coin’s employee-benefit expense increased to Rs 3.8036 crore in the September 2026 half from Rs 2.9976 crore a year earlier. Other expenses also rose to Rs 2.1440 crore from Rs 1.9918 crore, while depreciation and amortisation increased to Rs 35.33 lakh from Rs 22.57 lakh.

The company also recorded purchases of stock-in-trade of Rs 2.86 lakh in the latest half, with no amount shown for that line in the corresponding 2025 half. Total expenses rose by Rs 1.1144 crore year on year. Compared with the immediately preceding half ended March 31, 2026, employee-benefit expense was near unchanged at Rs 3.8036 crore versus Rs 3.7926 crore, while other expenses decreased from Rs 2.3186 crore.

The change in earnings was more pronounced than the decline in revenue. Basic and diluted earnings per share were Rs 0.02 for the September 2026 half, compared with Rs 7.59 in the September 2025 half, based on weighted-average equity shares of 18.90 lakh in both periods. The nominal value of each share was Rs 10.

What happened to Toss The Coin’s operating cash flow?

Toss The Coin reported net cash outflow from operating activities of Rs 88.86 lakh for the half year ended September 30, 2026, compared with an inflow of Rs 79.39 lakh in the corresponding prior-year half. Cash outflow from operations was Rs 57.61 lakh, versus an inflow of Rs 1.0939 crore a year earlier, and direct taxes paid were Rs 1.25 lakh.

Working-capital movements included a Rs 66.54 lakh increase in other current assets and a Rs 16.46 lakh reduction in trade payables and other current liabilities. A Rs 21.81 lakh decrease in trade receivables partly offset those movements. In the September 2025 half, trade receivables had increased by Rs 2.55 lakh rather than decreased.

Investing activities used Rs 86.95 lakh in the September 2026 half, compared with Rs 1.4632 crore a year earlier. The company spent Rs 36.95 lakh on capital expenditure including capital work in progress, Rs 8.79 lakh on property, plant and equipment, and reported a Rs 3.05 crore increase in other non-current assets. Net cash and cash equivalents fell by Rs 1.4182 crore to Rs 3.2990 crore at September 30, 2026.

How did Toss The Coin’s balance sheet change by September?

Toss The Coin’s total assets were Rs 14.5456 crore at September 30, 2026, down from Rs 15.5865 crore at March 31, 2026. Cash and bank balances declined to Rs 3.9990 crore from Rs 7.8142 crore, while trade receivables fell to Rs 2.1555 crore from Rs 2.3740 crore.

Other non-current assets rose to Rs 4.3471 crore at September 30 from Rs 1.3133 crore at March 31. Intangible assets under development were Rs 36.95 lakh, compared with no balance displayed at March 31, while intangible assets declined to Rs 1.2652 crore from Rs 1.4678 crore and property, plant and equipment fell to Rs 50.20 lakh from Rs 56.48 lakh.

Share capital remained Rs 1.89 crore, while reserves and surplus were Rs 12.2889 crore, compared with Rs 12.2854 crore at March 31, 2026. Current liabilities declined to Rs 36.67 lakh from Rs 1.4111 crore, led by short-term provisions falling to Rs 1.98 lakh from Rs 86.09 lakh. The notes state that Toss The Coin had no external debt as of the statement date.

How much of Toss The Coin’s IPO proceeds remain unused?

Toss The Coin had Rs 4.8694 crore of unutilised initial public offering, or IPO, proceeds at September 30, 2026, from a Rs 9.1728 crore fresh issue completed in the financial year ended March 31, 2025. Of the unused balance, Rs 4.80 crore was temporarily placed in interest-bearing fixed deposits with scheduled commercial banks pending deployment for the stated objects.

The company had utilised Rs 4.3034 crore by September 30, 2026. This included Rs 1.9664 crore for development of a microservices application, Rs 20 lakh for working capital, Rs 1.2870 crore for general corporate purposes and the full Rs 85 lakh allocated for issue expenses.

No amount had been used from the Rs 1.20 crore allocated to a new unit. The remaining allocations were Rs 98.09 lakh for the microservices application, Rs 1.20 crore for the new unit, Rs 1.80 crore for working capital and Rs 88.85 lakh for general corporate purposes. Toss The Coin’s shares were listed on the BSE SME platform on December 17, 2024.

Conclusion

Toss The Coin’s September 2026 half-year results show that a Rs 0.8136 crore decline in operating revenue and a Rs 1.1144 crore rise in total expenses reduced profit after tax to Rs 0.35 lakh. The period also recorded an operating cash outflow of Rs 88.86 lakh, compared with an inflow of Rs 79.39 lakh a year earlier.

The disclosed item to watch next is the deployment of Rs 4.8694 crore of unutilised IPO proceeds, including Rs 1.20 crore allocated to a new unit and Rs 98.09 lakh for microservices application development. As of September 30, 2026, Rs 4.80 crore of the unused proceeds was held in fixed deposits pending use for the stated objects.