Suvidhaa Infoserve Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Suvidhaa Infoserve Limited has posted audited financial results for FY26. On a standalone basis, total income dropped sharply to Rs 13.35 million from Rs 119.7 million in FY25, a decline of about 89%. The company reported a net loss of Rs 44.01 million compared to a loss of Rs 102.8 million in the previous year. Consolidated total income stood at Rs 42.0 million versus Rs 111.8 million, with a consolidated net loss of Rs 101.0 million (improved from Rs 165.9 million loss in FY25). The auditor has issued an unmodified opinion. Note 3 in the financial statements mentions that management conducted an extensive review of receivables and payables and wrote back trade payables of Rs 5.52 million. The company has 3 subsidiaries - NSI Infinium Global Ltd, NUPI Infotech Limited, and Sine Qua Non Solutions Private Limited. The auditor's report includes an Emphasis of Matter paragraph regarding write off and write back of trade receivables and payables.
The company is in significant financial distress with massive revenue decline of about 94% on standalone basis. While losses have reduced year-on-year, the company continues to burn cash with negative operating cash flows of Rs 26.6 million (standalone) and Rs 41.4 million (consolidated). Shareholders should be cautious as the core business appears to be shrinking substantially.