Winny Immigration & Education Services reports Rs 1.5809 crore outflow

Winny Immigration & Education Services Limited reported net cash used in operating activities of Rs 1.5809 crore for the half year ended September 30, 2026, as a Rs 1.2471 crore pre-tax loss and working-capital movements consumed cash. Net changes in current borrowings supplied Rs 64.71 lakh, while cash and cash equivalents fell Rs 82.16 lakh.

Why did Winny Immigration & Education Services Ltd use Rs 1.5809 crore in operations?

Winny Immigration & Education Services Ltd used Rs 1.5809 crore in operating activities because its Rs 1.2471 crore loss before tax and Rs 39.71 lakh of net working-capital cash use exceeded non-cash adjustments in the September 2026 half. The indirect cash-flow statement shows an operating loss before working-capital changes of Rs 1.1768 crore after depreciation and amortisation of Rs 9.19 lakh, interest income of Rs 8.87 lakh and other adjustments.

Working-capital changes used a further Rs 39.71 lakh during the half year. Short-term loans and advances rose by Rs 22.36 lakh, trade receivables increased by Rs 1.14 lakh, and long-term loans and advances rose by Rs 1.08 lakh. These uses were partly offset by a Rs 7.38 lakh fall in other current assets, an Rs 8.96 lakh increase in trade payables and a Rs 2.64 lakh increase in other current liabilities.

A Rs 34.11 lakh decrease in short-term provisions was the largest provision-related cash movement in the September 2026 half. Cash used in operations before tax was Rs 1.5739 crore, and income tax paid, including tax deducted at source, was Rs 0.70 lakh. The resulting operating outflow was lower than the Rs 4.8263 crore reported for the year ended March 31, 2026, although the annual comparison covers a longer period.

How did Winny Immigration & Education Services Ltd finance its cash deficit?

Winny Immigration & Education Services Ltd generated Rs 63.96 lakh from financing activities in the September 2026 half, principally through a Rs 64.71 lakh net increase in current borrowings. The financing inflow only partly offset the Rs 1.5809 crore operating cash outflow. Finance-cost cash payments of Rs 0.60 lakh were also recorded within financing activities.

The balance-sheet movement corresponds with the cash-flow line item. Short-term borrowings stood at Rs 4.7407 crore on September 30, 2026, compared with Rs 4.0936 crore on March 31, 2026, an increase of Rs 64.71 lakh. Long-term borrowings, reported at Rs 0.60 lakh at March 31, 2026, were not reported in the September 2026 balance sheet.

Financing cash inflow for the September 2026 half was below the Rs 3.8161 crore recorded in the year ended March 31, 2026. That annual figure included Rs 3.8979 crore in net changes in current borrowings. The half-year profit-and-loss statement reported finance costs of Rs 0.15 lakh, while the cash-flow statement showed Rs 0.60 lakh of finance-cost cash outflow.

What changed in Winny Immigration & Education Services Ltd cash balances?

Winny Immigration & Education Services Ltd cash and cash equivalents declined by Rs 82.16 lakh to Rs 2.7866 crore on September 30, 2026, from Rs 3.6082 crore on March 31, 2026. The Rs 1.5809 crore operating outflow was partly offset by Rs 11.97 lakh from investing activities and Rs 63.96 lakh from financing activities. Its statement of assets and liabilities separately reported cash and bank balances of Rs 2.7867 crore at the half-year end.

Fixed deposits with maturities of up to three months accounted for Rs 2.7628 crore of cash equivalents at September 30, 2026. Bank balances were Rs 1.30 lakh and cash in hand was Rs 1.08 lakh. At March 31, 2026, comparable fixed deposits were Rs 3.54 crore, bank balances were Rs 4.79 lakh and cash in hand was Rs 2.03 lakh, making the Rs 77.72 lakh decline in fixed deposits the main change.

Investing activities generated Rs 11.97 lakh in the September 2026 half, compared with Rs 4.1101 crore for the year ended March 31, 2026. The latest-period inflow included Rs 4 lakh of fixed-deposit redemptions and Rs 8.87 lakh of interest received, while purchases of property, plant, equipment and intangibles used Rs 0.90 lakh. In the prior year, fixed-deposit redemptions were Rs 8.0038 crore and fixed-deposit purchases were Rs 3.9695 crore.

What do Winny Immigration & Education Services Ltd operating results show?

Winny Immigration & Education Services Ltd reported revenue from operations of Rs 1.5259 crore for the half year ended September 30, 2026, down from Rs 1.7919 crore in the half year ended September 30, 2025. Total income, including Rs 8.87 lakh of other income, was Rs 1.6146 crore, compared with Rs 1.9526 crore a year earlier. The company identifies immigration and visa services as its sole reportable segment.

Total expenses were Rs 2.8617 crore in the September 2026 half, including employee-benefit expense of Rs 1.6811 crore, other expenses of Rs 1.0872 crore, depreciation and amortisation of Rs 9.19 lakh and finance costs of Rs 0.15 lakh. This resulted in a pre-tax loss of Rs 1.2471 crore. In the half year ended March 31, 2026, expenses were Rs 3.2756 crore and the pre-tax loss was Rs 2.716 crore.

The September 2026 pre-tax loss narrowed by Rs 87.60 lakh from the Rs 2.1231 crore loss reported a year earlier. Employee-benefit expense fell by Rs 1.075 crore year on year, while other expenses declined by Rs 5.73 lakh. Winny Immigration & Education Services Ltd did not recognise deferred-tax assets on carried-forward losses because it said there was no virtual certainty, supported by convincing evidence, of sufficient future taxable profits.

Conclusion

The September 2026 half-year results show that Winny Immigration & Education Services Ltd reported a Rs 1.5809 crore operating cash outflow alongside a Rs 1.2471 crore pre-tax loss. A Rs 64.71 lakh increase in current borrowings provided financing cash, but cash and cash equivalents still fell to Rs 2.7866 crore.

The next reporting period will show whether operating cash use, short-term advances and current borrowings move from their September 30, 2026 levels. The company also said it will reassess deferred-tax assets in subsequent reporting periods, while IPO proceeds of Rs 2.3663 crore remained unutilised for advertising and business-promotion expense as of September 30, 2026.