SVC Industries Limited disclosed its unaudited financial results for the quarter and half year ended September 30, 2026, following a board meeting held on November 13, 2026. The meeting commenced at 02:30 p.m. and concluded at 02:58 p.m.
Financial Performance
For Q2 FY27 (Quarter Ended September 30, 2026):
- Total Income: Rs 5.52 lakh (compared to Rs 201.65 lakh in Q2 FY26)
- Revenue from Operations: Rs 5.37 lakh from Lease Rent Income and Rs 0.10 lakh from Agri Product Sales
- Other Income: Rs 0.05 lakh
- Total Expenses: Rs 103.42 lakh
- Loss Before Tax: Rs (97.90) lakh
- Loss for the Period: Rs (97.90) lakh
- EPS: Rs (0.08) basic and diluted
For H1 FY27 (Half Year Ended September 30, 2026):
- Total Income: Rs 12.76 lakh (compared to Rs 467.03 lakh in H1 FY26)
- Loss Before Tax: Rs (159.31) lakh
- Loss for the Period: Rs (159.31) lakh
- EPS: Rs (0.10) basic and diluted
Balance Sheet Position (as at September 30, 2026)
- Total Assets: Rs 44,159.26 lakh
- Property, Plant and Equipment: Rs 42,013.36 lakh
- Cash and Cash Equivalents: Rs 40.56 lakh
- Total Equity: Rs 26,387.20 lakh
- Equity Share Capital: Rs 16,186.37 lakh (Face Value Rs 10/- each)
- Other Equity: Rs 10,200.84 lakh
- Borrowings (Non-Current): Rs 17,671.88 lakh
Cash Flow Statement (Half Year Ended September 30, 2026)
- Net Cash Used in Operating Activities: Rs (86.49) lakh
- Net Cash Used in Investing Activities: Rs (0.33) lakh
- Net Cash from Financing Activities: Rs 127.16 lakh
- Net Increase in Cash: Rs 40.33 lakh
Significant Notes to Financial Results
1. Auditor Qualification: B.M. Chaturvedi & Co. issued a qualified review report stating they were unable to verify the nature and terms of a Rs 900 lakh amount disclosed under "unsecured loan/Inter-Corporate Deposit" due to lack of supporting documents.
2. Debenture Settlement: The company is in negotiations for settlement of dues with outstanding debenture holders. No reliable estimate can be made of additional amounts payable for interest and other charges, and no provision has been made under Ind AS 37.
3. PICUP One Time Settlement: The company has an outstanding OTS with Pradeshiya Industrial & Investment Corporation of U.P. Limited (PICUP) for Rs 2,597 lakh (Principal + Interest) payable by December 3, 2024 with 11% simple interest. The company has paid Rs 678.92 lakh as of April 20, 2024. PICUP approved an extension until September 30, 2026 for the remaining Rs 1,947.75 lakh plus 12% simple interest for the defaulted period. During the quarter, the company made a further payment of Rs 500 lakh and has requested additional extension and rebate on interest. No reliable estimate can be made of the final settlement amount.
4. Unsecured Loan: The company availed an unsecured loan/Inter-Corporate Deposit of Rs 900 lakh, approved by shareholders via Special Resolution at the AGM on September 30, 2026, and ratified by the Board on November 13, 2026.
5. Segment Reporting: The company operates in only one segment - trading and warehousing of Agri Products.
6. Comparative Figures: Figures for previous periods have been regrouped/reclassified for comparability.