Uniroyal Marine posts Rs 121.60 lakh September-quarter loss

Uniroyal Marine Exports Limited reported a Rs 121.60 lakh net loss for the quarter ended September 30, 2026, compared with a Rs 6.85 lakh profit in the preceding quarter, while total equity fell to negative Rs 35.22 lakh from positive Rs 82.67 lakh at March 31, 2026.

What did Uniroyal Marine report for the September 2026 quarter?

Uniroyal Marine reported a Rs 121.60 lakh net loss for the quarter ended September 30, 2026, after reporting a Rs 6.85 lakh net profit in the quarter ended June 30, 2026. The company reported no exceptional items or tax expense in the September quarter. Basic and diluted earnings per share were both negative Rs 1.88, compared with positive Rs 0.10 in the preceding quarter.

Revenue from operations was Rs 6.477 crore in the September quarter, compared with Rs 3.2004 crore in the June quarter and Rs 4.881 crore in the quarter ended September 30, 2025. Other income was Rs 41.87 lakh, against Rs 54.49 lakh in June 2026 and Rs 34.94 lakh a year earlier. Total revenue was Rs 6.8957 crore, compared with Rs 3.7453 crore in June 2026 and Rs 5.2304 crore in the year-earlier quarter.

The filing reports Rs 4.8143 crore of material cost, Rs 48.40 lakh of employee-benefit expense, Rs 32.50 lakh of finance cost and Rs 1.2695 crore of other expenditure for the September quarter. The corresponding June-quarter figures were Rs 2.3163 crore, Rs 1.2974 crore, Rs 24.62 lakh and Rs 88.58 lakh. It reports total expenses of Rs 6.8586 crore for September 2026, but does not separately explain the movement from quarterly profit to loss.

How did Uniroyal Marine perform in the first half?

Uniroyal Marine recorded a Rs 1.1789 crore net loss for the six months ended September 30, 2026, compared with a Rs 22 lakh net profit in the corresponding six months of 2025. Total revenue increased to Rs 10.841 crore from Rs 10.1378 crore over the same comparison, showing that the half-year result changed from profit to loss despite higher reported revenue.

Revenue from operations for the half year was Rs 9.6774 crore, compared with Rs 9.4448 crore in the prior-year half. Other income rose to Rs 96.36 lakh from Rs 69.30 lakh, while total expenses increased to Rs 11.8198 crore from Rs 9.9176 crore. Finance cost declined to Rs 57.22 lakh from Rs 64.41 lakh, but material cost rose to Rs 7.2306 crore from Rs 4.3108 crore.

Uniroyal Marine states that its operations predominantly relate to processing and exporting marine products, with export disclosed as its primary operating segment under Indian Accounting Standard 108. The notes state that local turnover is not significant in total turnover. The September-quarter revenue from operations of Rs 6.477 crore therefore arose from the company’s disclosed export-oriented business.

How did Uniroyal Marine’s assets and equity change?

Uniroyal Marine’s total equity was negative Rs 35.22 lakh at September 30, 2026, compared with positive Rs 82.67 lakh at March 31, 2026. Equity share capital was unchanged at Rs 6.4795 crore, while other equity widened to negative Rs 6.8317 crore from negative Rs 5.6528 crore. The Rs 1.1789 crore deterioration in other equity matches the reported half-year loss.

Total assets fell to Rs 18.419 crore at September 30, 2026 from Rs 22.1192 crore at March 31, 2026. Current assets declined to Rs 17.0777 crore from Rs 20.4884 crore, while non-current assets decreased to Rs 1.3413 crore from Rs 1.6308 crore. Property, plant and equipment stood at Rs 1.108 crore, compared with Rs 1.1992 crore at the March year-end.

Trade receivables declined to Rs 4.8396 crore at September 30 from Rs 8.7012 crore at March 31, a reduction of Rs 3.8616 crore. Inventories were Rs 9.7233 crore, marginally below Rs 9.8007 crore at the year-end, while cash and cash equivalents remained Rs 59.23 lakh. Other current assets increased to Rs 1.5522 crore from Rs 1.3666 crore.

What liabilities and cash movements did Uniroyal Marine disclose?

Uniroyal Marine reported current borrowings of Rs 13.4148 crore at September 30, 2026, down from Rs 16.4694 crore at March 31, 2026. Trade payables to micro and small enterprises fell to Rs 35.20 lakh from Rs 76.38 lakh. Payables to entities other than micro and small enterprises increased to Rs 3.6697 crore from Rs 2.0356 crore.

Non-current other financial liabilities were Rs 59.50 lakh at September 30, compared with Rs 44.09 lakh at March 31. Other non-current liabilities rose to Rs 49.49 lakh from Rs 2.70 lakh. Total current liabilities were Rs 17.6843 crore, compared with Rs 19.7667 crore at the March year-end, while total liabilities were Rs 18.7712 crore versus Rs 21.2925 crore.

The cash-flow statement reports net cash generated from operating activities of Rs 3.5093 crore for the half year ended September 30, 2026, compared with Rs 2.5247 crore in the corresponding 2025 half. Net cash used in financing activities was Rs 2.4542 crore, against Rs 84.41 lakh in the prior-year period. Cash and cash equivalents ended the half year at Rs 14.65 lakh, compared with Rs 13.20 lakh at its beginning.

Conclusion

The September 2026 results show Uniroyal Marine moving from a Rs 6.85 lakh quarterly profit to a Rs 121.60 lakh loss, and from positive equity of Rs 82.67 lakh at March 31 to negative equity of Rs 35.22 lakh at September 30. First-half revenue increased to Rs 10.841 crore, but expenses reached Rs 11.8198 crore and the company reported a Rs 1.1789 crore half-year loss.

The next disclosed matter to watch is completion of the open-bid sale of 180 cents of land and the building at Sy. No. 114/18, Chamancheri Vengalam, Calicut. Members approved the transaction on July 31, 2025, with the successful bidder required to lease the building to Uniroyal Marine; the company says the outcome of the bid underpins its ability to continue as a going concern.