Scoobee Day Garments reports FY26 loss, re-appoints internal auditor

1 min read     Updated on 29 May 2026, 06:12 PM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Scoobee Day Garments (India) Limited reported a net loss of ₹551.24 lakh for FY26 against a profit of ₹190.98 lakh in FY25, with revenue dropping to ₹3,274.92 lakh. The board approved the financial results on May 29, 2026, and re-appointed M/s. Nimmy Michael & Associates as internal auditors for the upcoming financial year.

powered bylight_fuzz_icon
41061866

*this image is generated using AI for illustrative purposes only.

Scoobee Day Garments (India) Limited reported a net loss of ₹551.24 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹190.98 lakh in the previous year. Revenue from operations declined to ₹3,274.92 lakh in FY26 from ₹4,650.28 lakh in FY25. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026.

The company's total income for FY26 stood at ₹3,347.81 lakh, a decrease from ₹4,710.70 lakh in the previous year. Total expenses increased to ₹4,085.59 lakh from ₹4,655.82 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹151.98 lakh, with revenue from operations at ₹594.59 lakh. M/s. Varma and Varma, Chartered Accountants, issued an unmodified opinion on the financial results.

Financial Performance

Particulars FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Revenue from Operations 3,274.92 4,650.28
Total Income 3,347.81 4,710.70
Total Expenses 4,085.59 4,655.82
Net Profit/(Loss) (551.24) 190.98

Board Decisions

The board re-appointed M/s. Nimmy Michael & Associates, Chartered Accountants, as the internal auditors for the financial year 2026-2027. The firm, based in Kochi, specializes in providing management and business consulting services. The re-appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The trading window for dealing in the company's shares by promoters, directors, and designated persons, which was closed from April 1, 2026, will reopen 48 hours after the declaration of the financial results.

Historical Stock Returns for Scoobee Day Garments

1 Day5 Days1 Month6 Months1 Year5 Years
-2.37%+0.01%-3.35%-12.32%-31.84%-29.77%

What strategic initiatives will the company implement to reverse the significant decline in revenue from operations?

How does the company plan to manage and reduce total expenses to restore profitability in FY27?

Will the management provide guidance on expected recovery timelines given the shift from net profit to substantial net loss?

Scoobee Day Garments Receives Credit Rating Assignment from CRISIL for ₹30.9 Crore Bank Facilities

1 min read     Updated on 17 Apr 2026, 03:31 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Scoobee Day Garments (India) Limited has received credit rating assignments from CRISIL Ratings Limited for bank facilities totaling ₹30.9 crore. CRISIL assigned a long-term rating of BB-/Stable and short-term rating of A4+ to the company's bank loan facilities. The Kerala-based company, formerly Victory Paper And Boards (India) Limited, disclosed this information to BSE on April 17, 2025, in compliance with SEBI listing regulations.

powered bylight_fuzz_icon
37965689

*this image is generated using AI for illustrative purposes only.

Scoobee day garments (India) Limited has announced that CRISIL Ratings Limited has assigned credit ratings to its bank facilities worth ₹30.9 crore. The company informed BSE Limited about this development on April 17, 2025, as part of its regulatory disclosure obligations under SEBI listing requirements.

Credit Rating Details

CRISIL Ratings Limited has provided comprehensive rating coverage for the company's banking facilities. The rating assignment covers both long-term and short-term credit facilities, providing a complete assessment of the company's creditworthiness across different time horizons.

Rating Category: Rating Assigned
Total Bank Loan Facilities Rated: ₹30.9 Crore
Long Term Rating: CRISIL BB-/Stable
Short Term Rating: CRISIL A4+

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

The communication was signed by Alphonsa Jose, who serves as the Company Secretary and Compliance Officer for Scoobee Day Garments. The company operates under the Corporate Identity Number L27100KL1994PLC008083 and was formerly known as Victory Paper And Boards (India) Limited.

Company Background

Scoobee Day Garments (India) Limited is based in Kerala with its registered office located in Kizhakkambalam, Aluva, Ernakulam. The company has undergone a name change from its previous identity as Victory Paper And Boards (India) Limited, indicating a strategic shift in its business focus toward the garments sector.

The credit rating assignment represents an important development for the company's financial profile and its relationship with banking institutions. Such ratings typically facilitate better access to credit facilities and can influence the terms and conditions offered by lenders.

Historical Stock Returns for Scoobee Day Garments

1 Day5 Days1 Month6 Months1 Year5 Years
-2.37%+0.01%-3.35%-12.32%-31.84%-29.77%

How will the CRISIL BB-/Stable rating impact Scoobee Day Garments' borrowing costs and access to additional credit facilities in the coming quarters?

What strategic expansion plans might the company pursue with the newly rated ₹30.9 crore bank facilities, given its transition from paper boards to garments?

Could this credit rating assignment signal potential institutional investor interest or improved market confidence in the Kerala-based garment manufacturer?

More News on Scoobee Day Garments

1 Year Returns:-31.84%