Waterbase reports Q2 FY26 loss amid volatile markets, export growth

Waterbase Limited reported a total income of INR 81.9 Crs for Q2 FY26 and INR 170 Crs for H1 FY26. The company experienced a loss before tax of INR 7.2 Crs and a loss after tax of INR 5.4 Crs in Q2 FY26. For the half year ended September 30, 2025, the loss before tax was INR 11.7 Crs, and the loss after tax was INR 8.7 Crs. These unaudited results were approved by the board of directors on November 05, 2025, and reviewed by Deloitte Haskins & Sells LLP.

The company's chief executive, Ramakanth V. Akula, noted that continued volatility in domestic and international markets, extended monsoon conditions, and widespread disease outbreaks impacted profitability. Despite these challenges, export business maintained growth due to upgraded processing infrastructure and improved supply chain. However, loss of access to the US market weighed on pricing, with global buyers leveraging India's dependence on other markets to exert margin pressure.

The board also noted that the consolidated unaudited financial results include a subsidiary whose financial information, reflecting total revenue of INR Nil and a total loss after tax of INR 0.22 Lakhs for both the quarter and six months ended September 30, 2025, was deemed immaterial to the group by management.