Nutraplus India Limited reported a net loss of ₹35.86 lakh for the quarter ended September 30, 2025, as operations remain stalled with zero revenue. The company disclosed that it lost all property, plant, and equipment under the SARFEASI Act, 2002, after being declared a Non-Performing Asset in FY-2019-20, with auction procedures delayed due to COVID-19.

The Board of Directors approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025, on October 25, 2025. Raman S. Shah & Associates, Chartered Accountants, issued a qualified limited review report, citing the company's failure to comply with listing requirements under the Companies Act, 2013, and SEBI regulations. The auditor noted that significant delays in providing necessary financial data impaired their ability to perform a comprehensive review.

Total expenditure for the quarter stood at ₹45.14 lakh, primarily driven by other expenditure, while finance costs amounted to ₹0.36 lakh. For the half-year period, the net loss widened to ₹36.51 lakh. The company's equity position remains negative at ₹-571.52 lakh as of September 30, 2025, compared to ₹-535.02 lakh as of March 31, 2025.

Financial Performance Summary

Assets and Liabilities

The company's balance sheet reflects the impact of its operational halt. Total assets decreased to ₹499.76 lakh as of September 30, 2025, from ₹516.22 lakh as of March 31, 2025. Non-current liabilities, primarily borrowings, increased to ₹222.74 lakh from ₹178.54 lakh over the same period. Current liabilities stood at ₹848.53 lakh, largely comprising trade payables of ₹845.17 lakh.

Cash flow from operating activities for the half-year ended September 30, 2025, was negative at ₹44.55 lakh. However, financing activities provided a net inflow of ₹44.16 lakh, resulting in a marginal net decrease in cash and cash equivalents of ₹0.39 lakh, bringing the closing balance to ₹6.41 lakh.

Nutraplus India Limited has decided to establish a Commercial Bio Gas (CBG) plant to address the increasing demand for energy resources and reduce reliance on imports. The company has identified vendors for the installation of the plant and secured leasehold land for the project. This strategic move is designed to capitalize on the significant demand-supply gap for energy products and contribute to India's self-sufficiency in energy requirements.

The project aligns with the Government of India's GOBAR-DHAN scheme, launched in 2018-19, which encourages entrepreneurs to set up CBG plants. By-products from this initiative include Biomass Pellets, which substitute coal in Thermal Power Plants, and Organic Compost Manure. The government has proposed a 5% biogas blending with LNG, a move estimated to cut imports worth $1.17 Billion. Additionally, the Market Development Assistance (MDA) Scheme aims to increase organic fertilizer production, potentially reducing chemical fertilizer usage by 96 lakh tons and yielding benefits worth Rs 11,000 crore.

Nutraplus India has been developing this project since 2021. The company views the CBG initiative as a zero-waste circular economy industry with a positive Environmental Social Governance (ESG) impact. The project will also explore carbon credits as a new revenue stream. The entire facility is planned to be powered by renewable energy, primarily solar energy.

CBG serves as a key starting material for manufacturing hydrogen, which is utilized as domestic fuel for cooking, in industrial applications such as boilers and power plants, and for blending with CNG in vehicles. The company anticipates that the growing energy requirements of Data Centers and AI Infrastructure will further drive demand for CBG in power generation.

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