Board at its meeting held today have approved the Audited financial results for the quarter and year ended 31st March, 2026
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Speedage Commercials Ltd reported audited standalone results for FY26 ending March 2026. The company had negligible revenue from operations at ₹0.42 lakhs, with total income of ₹652.61 lakhs derived mainly from 'Other Income' (₹652.19 lakhs from interest, dividends, and fair value gains). Profit Before Tax was flat at ₹613.10 lakhs vs ₹613.01 lakhs in FY25. However, Profit After Tax declined 2.6% to ₹442.72 lakhs from ₹454.68 lakhs, primarily due to higher tax expenses (₹170.47 lakhs vs ₹158.27 lakhs). Other Comprehensive Income showed a massive negative swing to -₹3,473.23 lakhs from +₹2,557.52 lakhs in FY25, reflecting mark-to-market losses on investments. Total Comprehensive Income turned negative at -₹3,030.51 lakhs vs +₹3,012.19 lakhs in FY25. Shareholders' equity reduced from ₹16,280.25 lakhs to ₹13,249.74 lakhs. EPS declined to ₹45.18 from ₹46.40. The auditor issued an unmodified opinion with no concerns.
The 2.6% decline in PAT and massive negative comprehensive income signal deteriorating financial health despite stable operating profits. The sharp reduction in reserves (down ~₹3,000 lakhs) from investment fair value losses could negatively impact the stock. However, the company remains debt-free with positive operating cash flow, providing some comfort.