Unaudited standalone and consolidated financial results for the quarter and nine months period ended 31.12.2025.
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SSPDL Limited swung back to profit in Q3 FY26, reporting standalone profit after tax of about Rs. 8.93 crore compared with a loss of Rs. 1.27 crore in the same quarter last year. For the nine months ended December 31, 2025, the company posted a standalone PAT of Rs. 5.77 crore against a loss of Rs. 3.01 crore a year ago. Consolidated results were similar, with Rs. 5.76 crore PAT (9M FY26) versus a loss of Rs. 3.47 crore. Basic EPS for the quarter jumped to Rs. 6.91 from Rs. (0.98). The big swing was mainly driven by Rs. 7.21 crore of revenue recognised from the sale of a portion of a repossessed property area at the former Alpha City Chennai IT Park project, where the buyer had defaulted. The statutory auditor Karvy & Co gave a clean (unqualified) limited review report. The company has only one segment – Property Development.
The sharp turnaround from losses to profits is positive for near-term sentiment, but a meaningful chunk came from a one-off repossessed property sale, so investors should watch Q4 results to see if property sales momentum continues before assuming this is a recurring earnings level.