York Exports posts Rs 1.9898 crore first-half standalone loss

York Exports Limited reported a Rs 1.9898 crore standalone loss for the half year ended September 30, 2026, reversing a Rs 10.38 lakh profit a year earlier, while inventory increased to Rs 58.1136 crore from Rs 50.0538 crore at March 31, 2026. The board approved the unaudited results on November 14, 2026.

Why did York Exports post a first-half loss?

York Exports posted a Rs 1.9898 crore standalone loss for the half year ended September 30, 2026, compared with a Rs 10.38 lakh profit in the corresponding half year ended September 30, 2025. Profit before tax was also a loss of Rs 1.9898 crore, and the statement showed no current-tax charge for the latest six-month period.

The six-month outcome included a Rs 34.01 lakh loss in the quarter ended September 30, 2026 and a Rs 1.6497 crore loss in the quarter ended June 30, 2026. The June-quarter loss was therefore the larger of the two quarterly losses. Basic and diluted earnings per share were negative Rs 5.92 for the six months, against positive Rs 0.31 a year earlier.

York Exports said it operates in one business segment, manufacturing knitted garments, rather than disclosing separate operating divisions. The results were prepared under Indian Accounting Standards, or Ind AS. Nanda & Bhatia said its limited review found nothing that caused it to believe the standalone statement lacked required disclosures or contained a material misstatement; the firm also said such a review is narrower than an audit.

How did York Exports’ working capital change?

York Exports’ inventories increased by Rs 8.0598 crore to Rs 58.1136 crore at September 30, 2026 from Rs 50.0538 crore at March 31, 2026. Trade receivables rose by Rs 2.3124 crore to Rs 8.2787 crore from Rs 5.9663 crore. These two categories together increased by Rs 10.3722 crore during the six-month period.

Total current assets rose to Rs 70.4312 crore at September 30 from Rs 59.1490 crore at the March year-end. Cash and cash equivalents increased to Rs 84.45 lakh from Rs 20.95 lakh, while other current assets increased to Rs 3.1546 crore from Rs 2.9105 crore. Current tax assets were Rs 3.98 lakh, compared with Rs 89,000 at March 31.

The cash-flow statement recorded a Rs 8.0598 crore increase in inventories and a Rs 2.3125 crore increase in trade receivables for the six months ended September 30. York Exports reported net cash used in operating activities of Rs 85.97 lakh over that period. The filing does not provide management commentary explaining the movements in stock or receivables.

What happened to York Exports’ borrowings and equity?

York Exports’ non-current borrowings rose to Rs 32.2462 crore at September 30, 2026 from Rs 28.7612 crore at March 31, 2026, an increase of Rs 3.4840 crore. Current borrowings increased by Rs 3.8857 crore to Rs 24.7334 crore from Rs 20.8477 crore. The two reported borrowing categories totalled Rs 56.9796 crore, up from Rs 49.6089 crore six months earlier.

Current liabilities increased to Rs 35.9911 crore from Rs 26.5995 crore. Other current liabilities rose to Rs 8.9285 crore from Rs 3.5741 crore, while provisions increased to Rs 2.3222 crore from Rs 2.1412 crore. The trade-payables-to-micro-and-small-enterprises line was nil at both reporting dates.

Total equity declined to Rs 9.4847 crore at September 30 from Rs 11.4727 crore at March 31. Equity share capital was unchanged at Rs 3.3628 crore, while other equity fell to Rs 6.1219 crore from Rs 8.1099 crore. The Rs 1.9880 crore reduction in total equity was close in amount to the Rs 1.9898 crore standalone loss for the half year.

What does York Exports’ cash flow show?

York Exports reported closing cash and cash equivalents of Rs 84.45 lakh at September 30, 2026, compared with Rs 20.95 lakh at the opening of the six-month cash-flow period. The cash-flow statement therefore reported a net increase of Rs 63.50 lakh, matching the closing cash figure in the standalone statement of assets and liabilities.

Operating activities used Rs 85.97 lakh in the six months ended September 30. The statement began with the Rs 1.9898 crore loss before tax, added Rs 44.21 lakh of depreciation and amortisation and Rs 1.8165 crore of interest cost, and then included working-capital movements such as the Rs 8.0598 crore inventory increase.

Investing activities used Rs 4.86 lakh, including Rs 6.96 lakh for acquisition of property, plant and equipment and other intangible assets, partly offset by Rs 2.10 lakh of proceeds from property, plant and equipment and other intangible assets. Financing activities generated Rs 1.5433 crore, which offset the operating and investing outflows and produced the Rs 63.50 lakh rise in cash.

Conclusion

York Exports’ filing shows a reversal from a Rs 10.38 lakh first-half profit to a Rs 1.9898 crore standalone loss in the half year ended September 30, 2026. At the same date, inventories, trade receivables and both current and non-current borrowings were higher than at March 31, while equity was lower by Rs 1.9880 crore.

The filing does not disclose a borrowing-reduction target, inventory target or repayment timetable. The next results filing is the event to watch after the board approved the September 2026 quarterly and half-year results on November 14, 2026, particularly for changes in the Rs 58.1136 crore inventory balance, Rs 56.9796 crore total reported borrowings and Rs 85.97 lakh operating cash outflow.