Bela Automotives Reports Rs3.82 Million Loss in First Quarter of FY2026-27

Bela Automotives Limited has reported a net loss of Rs3.82 million for the first quarter ended September 30, 2026, showing a slight improvement compared with the corresponding period last year, when the company recorded a loss of Rs4.08 million.

According to the company’s unaudited financial statements, the loss per share improved to Rs0.66 from Rs0.70 in the same quarter of the previous year.

The company’s financial performance remained under pressure during the quarter, with no sales revenue reported. The cost of sales stood at Rs1.32 million, resulting in a gross loss of the same amount, compared with a gross loss of Rs1.09 million in the corresponding quarter last year.

Administrative expenses declined significantly to Rs470,531 from Rs941,214, while other operating expenses decreased to Rs30,000 from Rs45,000. Consequently, the operating loss improved to Rs500,531 against Rs986,214 in the same period last year.

However, finance costs remained almost unchanged at Rs2 million, continuing to weigh on the company’s overall financial performance. The loss before taxation and loss after taxation both stood at Rs3.82 million during the quarter.

Financial Position

As of September 30, 2026, Bela Automotives reported total assets of Rs218.31 million, slightly lower than Rs218.78 million recorded at June 30, 2026.

Non-current assets stood at Rs148.50 million, while current assets amounted to Rs69.80 million. The company’s current assets mainly included stores, spares and loose tools worth Rs25.63 million, stock-in-trade of Rs19.94 million, and tax refunds due from the government of Rs23.79 million.

On the liabilities side, current liabilities increased to Rs172.73 million from Rs169.38 million at the end of the previous financial year. These included short-term borrowings of Rs101.69 million, accrued markup of Rs58.74 million and trade and other payables of Rs12.30 million.

The company’s accumulated losses increased to Rs132.53 million, while its capital reserves remained at Rs14.70 million.

Cash Flow Performance

The company’s cash flow statement showed net cash used in operating activities of Rs954,220 during the quarter, compared with Rs634,878 in the corresponding period last year.

Cash generated from financing activities amounted to Rs955,154, primarily reflecting short-term borrowing. As a result, cash and cash equivalents recorded a marginal increase of Rs934 during the quarter.

The company’s cash and bank balance stood at Rs245,438 at September 30, 2026, compared with Rs244,505 at June 30, 2026.

Outlook

Bela Automotives’ first-quarter results reflect continued operational and financial challenges, particularly the absence of reported sales revenue and the burden of financing costs. Although administrative expenses declined and the overall quarterly loss narrowed compared with last year, the company continues to face pressure from its accumulated losses and substantial short-term borrowings.

The company’s ability to improve its operating performance, generate revenue and manage its financing expenses will remain important factors in determining its financial position in the coming quarters.

The financial statements for the quarter ended September 30, 2026, are unaudited.