SPA Capital Q1 FY27: PAT jumps 5x to Rs 0.96 cr; auditor flags loan provisioning gaps
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SPA Capital Services reported Q1 FY27 standalone net profit of Rs 0.96 cr, up from Rs 0.19 cr in Q1 FY26. Total income rose to Rs 11.21 cr from Rs 10.69 cr; revenue from operations was Rs 10.30 cr vs Rs 10.69 cr. The auditor flagged two emphasis of matter items: Rs 19.14 lakh of interest expense not accrued on certain loans, and Rs 3.14 cr not provisioned for interest-free loans classified as loss assets under RBI NBFC norms. Audit conclusion remains unmodified.
PAT up five-fold on headline, but auditor flags Rs 3.14 cr unprovided loss assets and Rs 19 lakh unaccrued interest; earnings quality concerns.