S P Capital Financing posts ₹350.18 lakh net profit in FY26
- Standalone net profit rose 287.8% YoY to ₹350.18 lakh in FY26
- Other income surged to ₹797.00 lakh, driven by ₹686.31 lakh in fair value gains
- Revenue from operations fell 33.3% to ₹366.11 lakh due to lower interest income
- Total assets grew to ₹14,795.80 lakh with investments reaching ₹14,632.08 lakh
- 43rd AGM scheduled for September 30, 2026, to approve financials and re-appoint director
*this image is generated using AI for illustrative purposes only.
S P Capital Financing has filed its annual report for FY26, revealing a standalone net profit of ₹350.18 lakh for the year ended March 31, 2026. This represents a substantial increase from the ₹90.27 lakh profit recorded in FY25. The company also scheduled its 43rd Annual General Meeting for September 30, 2026.
The financial performance was primarily driven by a sharp rise in other income, which jumped to ₹797.00 lakh from ₹12.84 lakh in the previous year. This surge was largely attributable to net gains on fair value changes of ₹686.31 lakh. Conversely, revenue from operations declined to ₹366.11 lakh from ₹548.72 lakh in FY25, as interest income fell to ₹298.94 lakh from ₹491.71 lakh.
Financial Performance Overview
Total income for the year stood at ₹1,163.10 lakh, up from ₹561.56 lakh in FY25. Total expenses increased to ₹623.79 lakh from ₹409.72 lakh, driven mainly by higher finance costs of ₹508.58 lakh compared to ₹292.93 lakh in the prior year. Employee benefit expenses rose marginally to ₹56.13 lakh from ₹52.28 lakh.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 366.11 | 548.72 | -33.3% |
| Other Income | 797.00 | 12.84 | +6,107.5% |
| Total Income | 1,163.10 | 561.56 | +107.1% |
| Total Expenses | 623.79 | 409.72 | +52.2% |
| Net Profit After Tax | 350.18 | 90.27 | +287.8% |
Balance Sheet and Investments
As of March 31, 2026, total assets stood at ₹14,795.80 lakh, an increase from ₹12,312.92 lakh in FY25. Investments constituted the majority of assets, rising to ₹14,632.08 lakh from ₹12,101.59 lakh. Borrowings increased to ₹12,191.76 lakh from ₹10,029.60 lakh, while cash and cash equivalents decreased to ₹59.76 lakh from ₹106.58 lakh. Equity remained stable at ₹2,326.16 lakh.
Dividend and AGM Details
The board declared a final dividend of ₹0.50 per share on equity shares, paid in October 2025, and an interim dividend of ₹0.50 per share, paid in February 2026. For preference shares, an interim dividend of ₹5 per share was paid in February 2026. Shareholders will vote on these dividends and the re-appointment of Mr. Sureshchand Premchand Jain as director at the AGM on September 30, 2026. Remote e-voting will be available from September 27 to September 29, 2026.
What the Numbers Show
The company's profitability in FY26 was heavily influenced by non-operational gains rather than core lending activities. While revenue from operations (interest and dividend income) contracted by over 33%, other income surged more than 60-fold, accounting for approximately 68% of total income. This indicates that fair value movements in the investment portfolio were the primary driver of the year's bottom-line growth, offsetting higher finance costs associated with increased borrowings.
Historical Stock Returns for SP Capital Financing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.92% | +2.24% | +3.04% | -9.61% | +15.62% | +145.33% |
How sustainable is the FY26 profit growth given its heavy reliance on non-operational fair value gains rather than core lending revenue?
What specific strategies will management employ to reverse the 33% decline in revenue from operations in the upcoming fiscal year?
With borrowings rising to ₹12,191.76 lakh and finance costs increasing significantly, how does the company plan to manage its debt-to-equity ratio and interest coverage?
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