SVP GLOBAL TEXTILES LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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SVP Global Textiles reported a consolidated net loss of Rs 5,051 lakhs in Q1 FY26, narrower than the Rs 10,696 lakh loss in Q1 FY25, but on sharply lower revenue of just Rs 503.13 lakhs versus Rs 5,019.12 lakhs — a roughly 90% year-on-year drop. Standalone, the company posted zero operating revenue and a Rs 202 lakh loss, with EPS of (Rs 0.16). The auditor (Motilal & Associates LLP, a new statutory auditor replacing Joshi & Shah) flagged an Emphasis of Matter noting that two key subsidiaries (Shri Vallabh Pittie South West Industries and Shri Vallabh Pittie Industries) are under NCLT-initiated insolvency proceedings (CIRP) and were not consolidated. The company has defaulted on debt covenants, lenders have recalled borrowings, and Indian Bank has filed an IBC Section 7 petition for Rs 35.63 crore default awaiting NCLT admission. The board also dissolved the CSR and Risk Management Committees.
Highly negative for shareholders — the company is loss-making, revenue has collapsed, key subsidiaries are in insolvency, and a bank-driven bankruptcy petition is pending. Finance costs are not even being provided in the books due to uncertainty, which could worsen the picture further. Stock is likely to face significant selling pressure and solvency risk remains elevated.