Audited Standalone and Consolidated Results 31.03.2026
SVPGLOB · price
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SVP Global Textiles reported a standalone revenue of Rs 746.97L for FY26, down from Rs 972.32L in FY25 — a significant revenue decline. The standalone net loss was Rs 636.94L, though narrower than the prior year's Rs 996.33L loss. On a consolidated basis, the company reported revenue of Rs 9,296.79L (vs Rs 2,206.93L in FY25), reflecting inclusion of subsidiaries under CIRP. However, the consolidated net loss deepened dramatically to Rs 97,953.79L due to write-offs and adjustments at the subsidiary level. The standalone balance sheet shows negative other equity of Rs (7,046.04)L, and consolidated negative equity of Rs (103,311.11)L. The statutory auditors issued an unmodified opinion, but included an Emphasis of Matter highlighting three key issues: ongoing CIRP of two key subsidiaries, inability to confirm trade receivables/payables balances, and non-compliance with debt covenants where finance cost was not provided as no charge was received from lenders.
The company is in financial distress — deep consolidated losses, negative equity, and ongoing insolvency proceedings on key subsidiaries create extreme uncertainty. The going concern assumption is under auditor scrutiny, and debt covenant breaches remain unresolved. Shareholders should be highly cautious given the deteriorating financial position.