Trinity League first-half loss falls 30% to Rs 12.61 lakh

Trinity League India Limited cut its consolidated loss by about 30% to Rs 12.61 lakh for the half year ended September 30, 2026, but recorded only Rs 28,000 of revenue from operations and used Rs 2.17 lakh of cash in operating activities.

What drove Trinity League’s lower first-half loss?

Trinity League reported a loss of Rs 12.61 lakh for the half year ended September 30, 2026, compared with a loss of Rs 18.08 lakh in the corresponding half of 2025. The Rs 5.47 lakh reduction came as total income increased to Rs 9.62 lakh from Rs 8.43 lakh, while total expenses declined to Rs 22.23 lakh from Rs 26.51 lakh.

The lower expense base was primarily due to other expenses falling by Rs 5.20 lakh to Rs 8.78 lakh in the September 2026 half year, from Rs 13.98 lakh a year earlier. Employee costs moved in the opposite direction, rising by Rs 1.55 lakh to Rs 12.08 lakh, while depreciation and amortisation decreased to Rs 1.37 lakh from Rs 2 lakh.

The September 2026 quarter recorded a loss of Rs 6.73 lakh, compared with Rs 5.88 lakh in the June 2026 quarter and Rs 10.29 lakh in the September 2025 quarter. Sequentially, total income edged up to Rs 4.84 lakh from Rs 4.78 lakh, but total expenses rose more quickly to Rs 11.57 lakh from Rs 10.66 lakh.

No exceptional items, tax expense or other comprehensive income were reported for the half year ended September 30, 2026. Basic and diluted loss per share, which was not annualised, improved to Rs 0.16 from Rs 0.23 in the previous-year half, with paid-up equity share capital unchanged at Rs 7.9169 crore.

How much did Trinity League earn from operations?

Trinity League reported revenue from operations of Rs 28,000 for the half year ended September 30, 2026, against nil in the corresponding 2025 half-year period. The whole amount was recorded in the September 2026 quarter, while the June 2026 quarter reported no revenue from operations.

Other income was Rs 9.34 lakh in the September 2026 half year, up from Rs 8.43 lakh in the prior-year half and far above the Rs 28,000 operating-revenue figure. The consolidated cash-flow statement separately records Rs 9.34 lakh of interest income and Rs 9.34 lakh of interest received during the current half year.

The income mix shows that the narrower loss did not coincide with a comparable rise in core revenue. Total income of Rs 9.62 lakh comprised Rs 28,000 of revenue from operations and Rs 9.34 lakh of other income, while employee costs alone were Rs 12.08 lakh over the six months.

Trinity League and its associate operate in one segment, according to the notes, so the filing provides no revenue or profit split by business line. The company also did not recognise a share of profit or loss from its associate for the quarter and half year ended September 30, 2026 because the associate had negative net worth.

What does Trinity League’s balance sheet show?

Trinity League reported total assets of Rs 2.717 crore at September 30, 2026, compared with Rs 2.7421 crore at March 31, 2026. Loans and advances, at Rs 2.4215 crore, were the largest disclosed asset category and increased from Rs 2.3428 crore at the preceding financial year-end.

Current assets declined to Rs 2.4813 crore at September 30, 2026 from Rs 2.5637 crore at March 31, 2026. Trade receivables fell to nil from Rs 19.44 lakh, while loans and advances increased by Rs 7.87 lakh and other current assets rose to Rs 4.53 lakh from Rs 1.27 lakh.

Cash and cash equivalents stood at Rs 1.45 lakh on September 30, 2026, compared with Rs 1.38 lakh at March 31, 2026. Non-current assets increased to Rs 23.57 lakh from Rs 17.84 lakh, as other non-current assets rose to Rs 10.67 lakh from Rs 3.57 lakh while property, plant and equipment fell to Rs 10.34 lakh from Rs 11.71 lakh.

Total equity decreased to Rs 2.5617 crore from Rs 2.6878 crore during the six months, consistent with the Rs 12.61 lakh reported loss. Other equity was negative Rs 5.3552 crore at September 30, 2026 versus negative Rs 5.2291 crore at March 31, 2026, while current liabilities rose to Rs 15.53 lakh from Rs 5.43 lakh.

Did Trinity League generate operating cash in the first half?

Trinity League did not generate positive cash from operations in the half year ended September 30, 2026, reporting an operating cash outflow of Rs 2.17 lakh. That was smaller than the Rs 10.90 lakh outflow reported in the corresponding half year ended September 30, 2025.

Before working-capital changes, the operating loss was Rs 20.58 lakh, compared with Rs 25.42 lakh in the prior-year period. The reported working-capital movements included a Rs 19.44 lakh reduction in trade receivables, a Rs 8.53 lakh increase in other current liabilities and a Rs 7.87 lakh increase in loans and advances.

Investing activities produced a net cash inflow of Rs 2.24 lakh in the September 2026 half year, after Rs 9.34 lakh of interest received and Rs 7.10 lakh spent on property, plant and equipment including capital advances. Trinity League reported no financing cash flows in either of the half-year periods presented.

Net cash increased by Rs 7,000 during the half year, against a Rs 59,000 decrease in the prior-year period, taking cash and cash equivalents to Rs 1.45 lakh. The audit committee reviewed the results and the board approved them on November 13, 2026; the statutory auditor issued a limited-review conclusion rather than an audit opinion.

Conclusion

Trinity League’s September 2026 half-year figures show a narrower Rs 12.61 lakh loss, driven by lower expenses and higher other income, but only Rs 28,000 of revenue from operations. Operating cash flow remained negative at Rs 2.17 lakh, while loans and advances of Rs 2.4215 crore made up most of the Rs 2.717 crore asset base.

The filing leaves the associate’s negative net worth unresolved, which is why Trinity League did not recognise any share of associate profit or loss for the September 2026 quarter and half year. It also says deferred tax assets were not created on losses and other deductible expenditure, making the future treatment of those items and the movement in loans and advances key disclosed matters to monitor.