Results- Financials for quarter ended June 30, 2025
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Sprayking Ltd reported unaudited Q1 FY26 results with standalone revenue from operations of Rs. 914.16 lakh, down from Rs. 1,009.20 lakh in Q1 FY25 — a YoY decline of about 9.4%. Standalone net profit fell sharply to Rs. 26.46 lakh from Rs. 150.25 lakh a year ago, an ~82% drop. Profit before tax collapsed to Rs. 9.89 lakh vs Rs. 206.56 lakh last year, indicating major margin compression. On a QoQ basis, revenue rose ~34% from Rs. 682.27 lakh and PAT recovered from Rs. 3.54 lakh in Q4 FY25. The statutory auditor (B.B. Gusani & Associates) issued an unmodified limited review report with no qualifications.
Sharply lower profits despite stable revenue signal significant cost pressure or margin erosion, which may concern investors. However, the QoQ recovery in both revenue and profit suggests some sequential improvement. Separately, the board approved raising authorised share capital by Rs. 50 lakh (from Rs. 22 cr to Rs. 22.5 cr) and changed the internal auditor to M/s. DGMS & Co., indicating possible future fund-raising plans.