Trinity League reports first-half loss of Rs 12.61 lakh

Trinity League India Limited reported a standalone net loss of Rs 12.61 lakh for the half year ended September 30, 2026, compared with a Rs 18.08 lakh loss a year earlier, as revenue from operations was Rs 0.28 lakh and total expenses were Rs 22.23 lakh.

What did Trinity League report for the first half?

Trinity League reported total income of Rs 9.62 lakh for the half year ended September 30, 2026, up from Rs 8.43 lakh in the corresponding 2025 period. Revenue from operations was Rs 0.28 lakh, against nil a year earlier, while other income rose to Rs 9.34 lakh from Rs 8.43 lakh. The company reported no exceptional items in either first-half period.

The first-half net loss narrowed by Rs 5.47 lakh to Rs 12.61 lakh from Rs 18.08 lakh. Total expenses declined to Rs 22.23 lakh from Rs 26.51 lakh, a reduction of Rs 4.28 lakh that exceeded the Rs 1.19 lakh increase in total income. There was no current or deferred tax expense, so loss before tax and net loss were both Rs 12.61 lakh.

Trinity League recorded a basic and diluted loss per share of Rs 0.16 for the September 2026 half year, versus Rs 0.23 for the same period a year earlier. The company stated that these per-share figures were not annualised. Paid-up equity share capital stood at Rs 7.9169 crore at September 30, 2026, unchanged from March 31, 2026.

How dependent was Trinity League on other income?

Trinity League derived Rs 9.34 lakh, or nearly all of its Rs 9.62 lakh first-half income, from other income rather than operating revenue. The cash-flow statement identifies interest income of Rs 9.34 lakh for the half year, matching the other-income amount in the income statement. The filing does not provide a further operating or segment-level description of the Rs 0.28 lakh revenue from operations.

The quarterly figures show the same income composition. In the quarter ended September 30, 2026, Trinity League reported Rs 0.28 lakh of operating revenue and Rs 4.56 lakh of other income, producing total income of Rs 4.84 lakh. In the preceding quarter ended June 30, 2026, total income was Rs 4.78 lakh and no operating revenue was reported.

Trinity League's September-quarter total income of Rs 4.84 lakh was Rs 0.06 lakh higher than the June-quarter figure of Rs 4.78 lakh. Yet the September-quarter loss widened to Rs 6.73 lakh from Rs 5.88 lakh in the June quarter, because expenses rose by Rs 0.91 lakh to Rs 11.57 lakh. The September 2026 quarterly loss remained below the Rs 10.29 lakh loss reported in the quarter ended September 30, 2025.

Which Trinity League costs changed in the first half?

Trinity League's lower first-half expense base was principally driven by other expenses, which fell to Rs 8.78 lakh from Rs 13.98 lakh a year earlier. Employee cost increased to Rs 12.08 lakh from Rs 10.53 lakh, while depreciation and amortisation declined to Rs 1.37 lakh from Rs 2.00 lakh. These three categories together made up the reported Rs 22.23 lakh total expense figure.

In the quarter ended September 30, 2026, employee cost declined to Rs 5.88 lakh from Rs 6.20 lakh in the June 2026 quarter. Other expenses, however, increased to Rs 5.00 lakh from Rs 3.78 lakh, and depreciation was Rs 0.69 lakh compared with Rs 0.68 lakh. Total quarterly expenses therefore rose to Rs 11.57 lakh from Rs 10.66 lakh.

Trinity League reported no other comprehensive income for either first-half period, leaving total comprehensive loss equal to net loss at Rs 12.61 lakh in 2026 and Rs 18.08 lakh in 2025. The notes also state that, as a matter of prudence, no deferred tax asset was created on the current-period loss and other deductible expenditure. The balance sheet nevertheless showed deferred tax assets of Rs 2.56 lakh at both September 30, 2026 and March 31, 2026.

What did Trinity League's balance sheet and cash flows show?

Trinity League had total assets of Rs 2.717 crore at September 30, 2026, down from Rs 2.7421 crore at March 31, 2026. Current assets fell to Rs 2.4813 crore from Rs 2.5637 crore, while non-current assets increased to Rs 23.87 lakh from Rs 17.84 lakh. Property, plant and equipment declined to Rs 10.34 lakh from Rs 11.71 lakh.

Loans and advances increased to Rs 2.4215 crore at September 30, 2026 from Rs 2.3428 crore at March 31, 2026. Trade receivables fell from Rs 19.44 lakh to nil over the same dates, while other current assets rose to Rs 4.53 lakh from Rs 1.27 lakh. Cash and cash equivalents were Rs 1.45 lakh, compared with Rs 1.38 lakh at the March year-end.

Total equity declined to Rs 2.5617 crore at September 30, 2026 from Rs 2.6878 crore at March 31, 2026, while other equity became more negative at Rs 5.3552 crore from negative Rs 5.2291 crore. Current liabilities rose to Rs 15.53 lakh from Rs 5.43 lakh, including other current liabilities of Rs 10.14 lakh compared with Rs 1.60 lakh at March 31, 2026.

Trinity League reported an operating cash outflow of Rs 2.17 lakh for the September 2026 half year, compared with an outflow of Rs 9.98 lakh in the prior-year period. Its operating loss before working-capital changes was Rs 20.58 lakh, while a Rs 15.44 lakh reduction in trade receivables and an Rs 8.53 lakh increase in other current liabilities partly offset that outflow.

Investing activities produced net cash inflow of Rs 2.24 lakh, down from Rs 9.42 lakh in the half year ended September 30, 2025. Trinity League received Rs 9.34 lakh of interest and spent Rs 7.10 lakh on purchases of property, plant and equipment including capital advances. With no financing cash flow, cash increased by Rs 0.07 lakh during the six months.

Conclusion

Trinity League's first-half loss narrowed to Rs 12.61 lakh because expenses fell to Rs 22.23 lakh from Rs 26.51 lakh, while total income increased to Rs 9.62 lakh. However, only Rs 0.28 lakh of that income came from operations, with Rs 9.34 lakh recorded as other income and identified in the cash-flow statement as interest income.

What to watch next is whether a future filing provides a larger operating-revenue contribution and more detail on the Rs 2.4215 crore loans and advances. The September 2026 filing discloses no operating target, business plan or scheduled event, while current liabilities increased to Rs 15.53 lakh and operating activities remained cash-negative by Rs 2.17 lakh.