Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 we hereby submit the Standalone and Consolidated un-audited Financial Results for the quarter ended 30th September 2025 along ....
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SPV Global Trading Ltd posted its Q2 FY26 results, but the standalone numbers are very small — total income of about Rs 23.2 crore with a small net loss of Rs 3.6 lakh (vs a profit of Rs 25.9 lakh a year ago). The real business sits in its 54.9%-owned subsidiary, Rashtriya Metal Industries Ltd, which drives the consolidated picture. On a consolidated basis, Q2 revenue rose modestly to Rs 246.7 crore (from Rs 243.8 crore), while net profit more than doubled to about Rs 10.2 crore (from Rs 4.0 crore) after a Rs 2.4 crore exceptional charge. Half-yearly consolidated profit after tax jumped to Rs 14.2 crore (from Rs 8.5 crore), even though half-year revenue dipped to Rs 520.3 crore from Rs 518.8 crore. The balance sheet strengthened with total assets of Rs 628 crore and borrowings cut sharply to Rs 75 crore (from Rs 152 crore at March 2025). Standalone operating cash flow was deeply negative at about Rs 19 crore for the half-year, while consolidated operating cash flow was healthy at Rs 15.7 crore.
For shareholders, the meaningful value lies in the subsidiary-driven consolidated business, which showed strong profit growth, better margins and a much cleaner balance sheet with sharply lower debt. Standalone weakness is a yellow flag but not material to overall valuation given the small size of the parent on its own.