Indus Fila Reports Q2 FY26 Loss of ₹147.72 Lakhs

Indus Fila Limited has submitted revised unaudited financial results for the quarter and six months ended September 30, 2025, to stock exchanges after correcting a typographical error in the auditor's review report. The company reported significant losses during the period with no revenue generation from operations.

Financial Performance Overview

The company's financial performance for the six months ended September 30, 2025, reflects challenging operational conditions:

Parameter	Six Months FY26	Six Months FY25	Change
Revenue from Operations	₹0.00 lakhs	₹0.00 lakhs	No change
Other Income	₹0.00 lakhs	₹0.00 lakhs	No change
Total Expenses	₹146.66 lakhs	₹128.98 lakhs	+13.70%
Net Loss	₹147.72 lakhs	₹128.98 lakhs	+14.53%
Basic EPS	₹(2.89)	₹(2.52)	Decline

Quarterly Performance Analysis

The quarterly breakdown shows consistent losses across both quarters of FY26:

Quarter	Q2 FY26	Q1 FY26	Q2 FY25
Net Loss	₹64.71 lakhs	₹83.12 lakhs	₹88.05 lakhs
Finance Costs	₹46.37 lakhs	₹46.87 lakhs	₹47.19 lakhs
Other Expenses	₹17.64 lakhs	₹35.64 lakhs	₹40.02 lakhs
Basic EPS	₹(1.27)	₹(1.63)	₹(1.72)

Balance Sheet Position

The company's balance sheet as of September 30, 2025, reveals a challenging financial position with negative equity:

Assets & Liabilities	Sep 30, 2025	Mar 31, 2025	Change
Total Assets	₹1,305.89 lakhs	₹1,506.33 lakhs	-13.31%
Total Equity	₹(1,217.95) lakhs	₹(1,070.21) lakhs	Deteriorated
Non-current Borrowings	₹2,138.11 lakhs	₹2,175.09 lakhs	-1.70%
Cash & Cash Equivalents	₹7.66 lakhs	₹14.95 lakhs	-48.76%

Expense Structure

For the six-month period, the company's expense structure was dominated by finance costs, which accounted for ₹93.24 lakhs out of total expenses of ₹146.66 lakhs. Other expenses contributed ₹53.27 lakhs, while depreciation remained minimal at ₹0.15 lakhs. The company reported no revenue from operations or other income during this period.

Cash Flow Analysis

The cash flow statement shows the company generated ₹122.93 lakhs from operating activities for the six months ended September 30, 2025, primarily due to working capital adjustments. However, financing activities consumed ₹130.22 lakhs, mainly for interest payments of ₹93.24 lakhs and borrowing repayments of ₹36.98 lakhs, resulting in a net cash decrease of ₹7.29 lakhs.

Regulatory Compliance

Indus Fila Limited submitted these revised results to correct a typographical error in the auditor's review report, where the period was incorrectly stated as "quarter ended June 30, 2025" instead of "quarter ended September 30, 2025." The financial figures and other particulars remain unchanged from the original submission made on November 13, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.17%	+2.17%	-0.04%	-8.61%	-7.76%	+1,000.92%

Indus Finance Limited , a non-banking financial company, has reported a mixed set of financial results for the second quarter ended September 30, 2025. The company's performance shows a decline in quarterly profits but an improvement in half-yearly figures.

Quarterly Performance

For Q2 2025, Indus Finance reported:

Metric	Q2 2025	Q2 2024	YoY Change
Net Profit	₹8.35	₹81.40	-89.70%
Total Income	₹105.18	₹212.50	-50.50%
Total Expenses	₹84.81	₹114.60	-26.00%

The significant drop in quarterly net profit can be attributed to lower total income and the absence of profit from sale of investments, which contributed ₹107.25 crore in Q2 2024.

Half-Year Results

For the half-year ended September 30, 2025, the company showed improvement:

Metric	H1 2025	H1 2024	YoY Change
Net Profit	₹25.76	₹86.20	-70.10%
Total Income	₹217.08	₹304.17	-28.60%
Total Expenses	₹167.28	₹201.47	-17.00%

While the half-yearly net profit is lower than the previous year, it shows a better performance compared to the quarterly results.

Key Financial Metrics

As of September 30, 2025:

Total Assets: ₹4,167.39 crore (down from ₹4,361.73 crore in March 2025)
Cash and Cash Equivalents: ₹27.71 crore (up from ₹7.59 crore in March 2025)
Loans: ₹2,560.26 crore
Investments: ₹931.32 crore

Management Commentary

The Board of Directors approved these results at their meeting held on November 7, 2025. The company operates in a single segment, and the financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).

Auditor's Review

B N Misra & Co, Chartered Accountants, conducted a limited review of the financial results. They found no material misstatements and confirmed that the results comply with applicable accounting standards and SEBI regulations.

Indus Finance Limited's mixed results reflect the challenging environment in the financial sector. While the company has seen a significant drop in quarterly profits, the improvement in cash position and reduction in expenses indicate efforts to strengthen its financial standing.