Audited Standalone & Consolidated Financial Results for the quarter and year ended 31st March, 2026
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SBEC Systems India Ltd reported standalone revenue of Rs 345.99 lakh for FY26, up 6.4% from Rs 325.29 lakh in FY25. However, profit after tax fell sharply to Rs 151.26 lakh from Rs 243.78 lakh, a decline of ~38%, driven by a near-doubling of finance costs to Rs 217.79 lakh (vs Rs 118.68 lakh). The company maintained an unmodified audit opinion on both standalone and consolidated financials. A notable concern is the standalone balance sheet showing negative other equity of Rs 646.73 lakh against share capital of Rs 1,000 lakh. The consolidated other equity is even more negative at Rs 2,069.82 lakh. Total borrowings stand at Rs 2,442.87 lakh (standalone). The company also completed a SEBI-directed open offer for SBEC Sugar Limited in January 2026 and has a pending NCLT matter for selective capital reduction adjourned to July 2026.
The sharp PAT decline and negative equity position on both standalone and consolidated books raise significant concerns about financial health. Shareholders should watch the pending NCLT approval for capital reduction and escalating finance costs that are eroding profitability.