1. Approved and adopted Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2026. 2. The Board of Directors also on recommendation of NRC, recommend ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Standard Batteries Ltd reported a dramatic decline in performance for FY2026. Total income fell to Rs. 10.13 lakhs from Rs. 136.34 lakhs in the previous year, a decline of over 92%. The company swung to a net loss of Rs. 49.60 lakhs compared to a net profit of Rs. 81.66 lakhs in FY2025. EPS dropped to Rs. (0.96) per share from Rs. 1.58. Total equity declined to Rs. 95.81 lakhs (from Rs. 145.47 lakhs) due to accumulated losses. The auditors, V. Singhi & Associates, issued an unmodified (clean) opinion on the financial statements. The company also noted it has unabsorbed tax losses on which it has not recognized deferred tax assets due to uncertainty of future taxable income. The company was engaged in steel products trading as its only business segment.
The company has experienced a severe financial deterioration with revenue nearly wiped out and a large loss. Shareholders should note the significant erosion in equity and the company's reliance on a single, currently non-performing business segment. The clean audit opinion provides some comfort on financial reporting accuracy.