Sibar Auto Parts Limited reported a widened net loss of ₹93.98 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a loss of ₹14.09 lakh in Q1FY26. Revenue from operations fell 8.7% year-on-year to ₹532.67 lakh, down from ₹583.49 lakh in the corresponding period of the previous fiscal.

The company’s total income stood at ₹536.86 lakh, while total expenses rose to ₹630.84 lakh from ₹600.97 lakh in Q1FY25. Employee benefits expense increased to ₹109.51 lakh from ₹95.36 lakh, and other expenditure was ₹92.45 lakh. Finance costs decreased to ₹1.19 lakh from ₹3.29 lakh in the prior year quarter.

Financial Performance

The decline in revenue coupled with higher operational costs led to a profit before tax deficit of ₹93.98 lakh. There were no exceptional items or deferred tax expenses recorded for the quarter. Earnings per share (basic and diluted) were negative at ₹(0.06).

For the full year ended March 31, 2026 (FY26), the company reported a net loss of ₹159.09 lakh on revenue of ₹2,694.20 lakh.

Board Meeting Outcomes

During its meeting held on August 14, 2026, the Board of Directors approved the unaudited financial results for Q1FY27 along with the limited review report from statutory auditors Chunduru & Co. The Audit Committee had recommended the financial results.

Key approvals included:

• Reappointment of Mr. Pemmasani Ravichandra (DIN: 00627413) as Managing Director for a term of three years.
• Approval of the Notice for the 43rd Annual General Meeting (AGM) and the Director’s report with annexures.

Management Continuity

Pemmasani Ravichandra’s reappointment ensures leadership continuity for the auto components manufacturer. He is the brother of Mr. Pemmasani Madhupratap, who serves as a Whole-Time Director. The 43rd AGM is scheduled for September 28, 2026, with provisions for member participation via video conferencing or other audio-visual means.

The disclosures were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Sibar Auto Parts Limited reported a widened net loss of ₹159.09 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹67.92 lakh in the previous year. Revenue from operations for FY26 rose to ₹2,714.45 lakh from ₹2,235.11 lakh in FY25. The Board of Directors approved the audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, during a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹123.79 lakh, a significant increase from the net loss of ₹33.73 lakh in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹664.73 lakh, up from ₹595.30 lakh in Q4FY25. Total expenses for the quarter increased to ₹787.67 lakh from ₹583.46 lakh in the prior year quarter, primarily driven by higher costs of materials consumed and employee benefit expenses.

Financial Performance

The company's financial statements for FY26 reflect a decline in profitability despite top-line growth. Key metrics for the period include:

The Board also approved the Statement of Assets and Liabilities as of March 31, 2026, and the Cash Flow Statements for the year ended on that date. The company's total assets stood at ₹2,148.59 lakh as of March 31, 2026, slightly lower than ₹2,249.87 lakh in the previous year. Cash and cash equivalents improved to ₹4.00 lakh from ₹2.12 lakh at the end of FY25.

Auditor's Report

The statutory auditors, Chunduru & Co., issued an unmodified opinion on the audited standalone financial results. The report confirms that the results give a true and fair view in conformity with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013. The declaration regarding the unmodified opinion was submitted in compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.