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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Spinaroo Commercial Ltd reported FY 2025-26 revenue of Rs. 3,926.78 lakhs, essentially flat compared to Rs. 3,931.47 lakhs in the prior year. However, profit after tax declined significantly to Rs. 53.62 lakhs from Rs. 143.83 lakhs in FY 2024-25, representing a steep fall. The company incurred a negative operating cash flow of Rs. 636.87 lakhs, primarily due to a substantial increase in inventory (Rs. 485.73 lakhs) and rise in trade receivables (Rs. 105.80 lakhs). The Board also approved acquisition of up to 15% stake in related party Spino Poly Products Private Limited at Rs. 59.02 per share, and proposed increasing loan/investment limits to Rs. 6 crores. Auditors issued an unmodified (clean) opinion.
The sharp PAT decline and negative operating cash flow are concerning signals for shareholders, though the clean audit opinion provides some comfort. The related party acquisition of a sister company at Rs. 59.02 per share requires close monitoring.