diff --git a/erpnext/stock/report/stock_analytics/stock_analytics.py b/erpnext/stock/report/stock_analytics/stock_analytics.py
index 77faa1f..761b193 100644
--- a/erpnext/stock/report/stock_analytics/stock_analytics.py
+++ b/erpnext/stock/report/stock_analytics/stock_analytics.py
@@ -168,7 +168,7 @@
 			previous_balance = periodic_data[d.item_code]["balance"].copy()
 			periodic_data[d.item_code][period] = previous_balance
 
-		if d.voucher_type == "Stock Reconciliation":
+		if d.voucher_type == "Stock Reconciliation" and not d.batch_no:
 			if periodic_data.get(d.item_code) and periodic_data.get(d.item_code).get("balance").get(
 				d.warehouse
 			):