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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SVA India filed a corrigendum to fix a typo in its consolidated results: Total Comprehensive Income for Q4 FY26 was originally reported as Rs (361.73) lakhs but should have been Rs 42.71 lakhs. The company clarified this is purely a clerical correction and does not affect standalone results, auditor reports, or financial position. However, the underlying numbers reveal a sharp deterioration — consolidated total income fell to Rs 112.15 lakhs in FY26 from Rs 223.72 lakhs in FY25 (about 50% decline), and the company swung to a consolidated loss after tax of Rs (246.22) lakhs versus a profit of Rs 62.69 lakhs in FY25. Consolidated borrowings rose to Rs 1,507.58 lakhs, now exceeding total equity of Rs 699.24 lakhs (debt-to-equity above 2x). Additionally, the FY25 figures were audited by a predecessor auditor who issued a qualified opinion, indicating a recent auditor change.
Despite the typo correction being neutral, the actual financials paint a worrying picture for shareholders: revenue halved, the company moved from profit to loss, debt has overtaken equity, and operating cash flow nearly dried up. Combined with a recent auditor change and a qualified opinion from the predecessor auditor, these results may weigh negatively on the stock and raise concerns about the company's financial health.