In compliance with Regulation 30 & 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform to the Exchange ....
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The Board of SPV Global Trading Ltd approved the standalone and consolidated unaudited financial results for Q1 FY26 on 12 August 2025, along with the limited review report from statutory auditors SIGMAC & Co (clean, unmodified opinion). Standalone performance was very weak: revenue from operations crashed to Rs 11.93 lakhs from Rs 274.10 lakhs in Q1 FY25 (over 95% decline), and the company posted a net loss of Rs 26.87 lakhs versus a Rs 3.72 lakh loss in Q4 FY25. Consolidated results, which include the 54.9%-owned subsidiary Rashtriya Metal Industries Ltd, showed revenue of Rs 24,616 lakhs (up ~9.8% YoY) but net profit fell sharply to Rs 396.90 lakhs from Rs 1,074.77 lakhs in Q1 FY25 (~63% YoY decline). Consolidated EPS stood at Rs 10.50.
Standalone results reveal the parent is generating almost no revenue and is loss-making, making it heavily dependent on its subsidiary Rashtriya Metal Industries for value. The sharp YoY drop in consolidated profit despite revenue growth suggests margin pressure at the subsidiary level, which is a negative signal for shareholders despite the clean audit report.