Submission of financial results
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Sibar Auto Parts Limited reported total income of Rs 2,714.45 lakhs for FY2026, up 21.4% from Rs 2,235.11 lakhs in FY2025, indicating revenue growth above 20%. However, the company posted a net loss of Rs 159.09 lakhs for FY2026, significantly wider than the loss of Rs 67.92 lakhs in the previous year. Total expenses surged to Rs 2,872.69 lakhs (vs Rs 2,257.45 lakhs), driven largely by a sharp increase in raw material costs to Rs 2,045.98 lakhs (from Rs 1,322.85 lakhs), while finance costs dropped to Rs 9.05 lakhs (from Rs 28.98 lakhs). The company also flagged an exceptional item of Rs 46.09 lakhs in the prior year quarter. The Balance Sheet shows negative other equity of Rs 909.18 lakhs and total assets of Rs 2,148.59 lakhs. The statutory auditors (Chunduru & Co.) issued an Unmodified Opinion on the financial results.
Despite revenue growth, the widening net loss and negative equity base indicate significant financial stress. Shareholders should be cautious as the company is loss-making and has a negative equity buffer, raising questions about its financial viability.