We hereby submit the Standalone and Consolidated Financial Results for the quarter ended 30th June 2025 along with the Limited Review Report from Statutory Auditor.
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SPV Global Trading reported Q1 FY26 results with a sharp divergence between standalone and consolidated performance. On a standalone basis, revenue from operations collapsed to Rs 11.93 lakhs from Rs 274.10 lakhs a year ago, and the company posted a net loss of Rs 26.87 lakhs (vs Rs 3.72 lakh loss last year), reflecting near-zero trading activity. On a consolidated basis, which includes 54.9%-owned subsidiary Rashtriya Metal Industries, revenue grew modestly to Rs 24,616 lakhs from Rs 22,423 lakhs YoY, but profit before tax fell sharply to Rs 557 lakhs from Rs 1,557 lakhs and net profit dropped to Rs 397 lakhs from Rs 1,075 lakhs. Consolidated EPS came in at Rs 10.50 vs Rs 27.30 in the year-ago quarter. Finance costs rose about 70% YoY to Rs 516 lakhs, squeezing margins significantly. Statutory auditor SIGMAC & Co issued a clean limited review conclusion with no qualifications.
The standalone trading business is effectively non-operational and loss-making, meaning nearly all value sits in the subsidiary Rashtriya Metal Industries. Sharp YoY fall in consolidated profits and rising finance costs signal margin pressure for shareholders, though the group remains profitable at the consolidated level. Watch for sustainability of subsidiary earnings and finance cost trajectory.