Longspur swings to profit in June quarter after March loss
Net profit of ₹15.68 lakhs versus a ₹29.37 lakhs loss in March, but revenue fell sequentially. No guidance.
— 1 earlier story on Longspur International Ventures Ltd. →What's new
- Longspur reported net profit of ₹15.68 lakhs, reversing a ₹29.37 lakhs loss in Q4 FY26.
- Revenue fell to ₹75 lakhs from ₹147.36 lakhs in the previous quarter.
- Total expenses dropped sharply to ₹53.77 lakhs from ₹161.28 lakhs, partly due to a ₹26.56 lakhs negative inventory change.
Why this matters
For a nano-cap firm with declining FY26 revenue, a profit is welcome but the sequential revenue drop and the inventory adjustment raise doubts about sustainability. The filing offers no commentary or guidance.
What we're watching
- Whether the expense control is structural or a one-off from inventory swings.
- Full-year revenue trajectory after a 56% drop in FY26.
- Any strategic update from management on future growth.
The full read
Longspur International Ventures swung from a ₹29.37 lakhs loss in March to a ₹15.68 lakhs profit in June. The recovery came from a sharp expense cut to ₹53.77 lakhs from ₹161.28 lakhs, aided by a ₹26.56 lakhs inventory adjustment. Revenue fell sequentially to ₹75 lakhs from ₹147.36 lakhs, though it rose from ₹65 lakhs a year ago. FY26 revenue was ₹4.13 crore, down 56% from the prior year. The filing offers no guidance. The profit is real, but the revenue trend and the one-off nature of expense cuts leave the trajectory uncertain.
Questions answered
- How did Longspur turn a profit after such a large loss last quarter?
- Total expenses fell to ₹53.77 lakhs from ₹161.28 lakhs, partly due to a ₹26.56 lakhs negative change in inventories.
- What is Longspur's revenue trajectory?
- Revenue improved 15% year-on-year to ₹75 lakhs from ₹65 lakhs but fell sequentially from ₹147.36 lakhs. Full FY26 revenue was ₹4.13 crore, down 56% from the prior year.
- Why did the analyst cap the score at 5 out of 10?
- The analyst noted that quarterly results are backward-looking and routine. For a nano-cap company, there were no unexpected strategic updates or guidance changes, making a score of 5 appropriate under the fixed scoring rules.
- What is Longspur's market capitalization?
- Market cap is around ₹22 crore based on the analyst rationale, with a trailing P/E of 32.7x and ROE of 2.0% as per the prior screener data.
Longspur International Ventures Ltd.
Latest quarter · Jun 2013
Strength & growth
Story so far
All notes on LONGSPUR →- 10 Jul 2026 · 5:26 PM IST Longspur swings to profit in June quarter after March loss
- 45d ago Longspur's annual revenue drops 56% to ₹4.13 cr on a ₹10-cr market cap