SSPDL returns to profitability with ₹1,160.08 lakh net profit in FY26
SSPDL Limited returned to profitability in FY26 with a net profit of ₹1,160.08 lakh, compared to a net loss of ₹146.64 lakh in the previous year. Revenue from operations rose significantly to ₹2,826.91 lakh. The Board approved the audited results on May 30, 2026, with statutory auditors issuing an unmodified opinion.
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SSPDL Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹1,160.08 lakh compared to a net loss of ₹146.64 lakh in the previous year. The turnaround was driven by a significant increase in revenue from operations, which rose to ₹2,826.91 lakh from ₹299.41 lakh in FY25. The company’s Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and full year on May 30, 2026.
Standalone Financial Performance
For the quarter ended March 31, 2026, the company reported a net profit of ₹583.54 lakh. Total revenue for the quarter stood at ₹2,003.95 lakh, with revenue from operations contributing ₹1,431.11 lakh and other income adding ₹572.84 lakh. Total expenses for the quarter were ₹868.40 lakh. The basic and diluted earnings per share (EPS) for the quarter were ₹4.51.
For the full year, total revenue reached ₹3,426.53 lakh. The company recorded a profit before tax of ₹1,712.09 lakh, with a tax expense of ₹552.01 lakh resulting in the net profit of ₹1,160.08 lakh. The EPS for the year improved to ₹8.97 from a negative ₹1.13 in the prior year.
Consolidated Financial Performance
On a consolidated basis, the company reported a net profit of ₹749.44 lakh for FY26, recovering from a net loss of ₹194.06 lakh in FY25. Total consolidated revenue for the year was ₹2,862.05 lakh. For the quarter ended March 31, 2026, the net profit was ₹173.48 lakh on total revenue of ₹1,441.65 lakh.
Key Operational Highlights and Notes
The financial results include several material adjustments. The company recognised revenue of ₹12.76 crore from the sale of a portion of a repossessed real estate project area. Additionally, an amount of ₹564.50 lakh payable to SSPDL Infotech Pvt. Ltd. was written back following a waiver by the subsidiary. The company also charged ₹552.01 lakh to the statement of profit and loss as prior period taxes due to the disallowance of appeals related to tax credits claimed for the Alpha City project.
Financial Position
As of March 31, 2026, the company’s total assets stood at ₹7,631.19 lakh, compared to ₹7,591.32 lakh in the previous year. Current assets decreased to ₹4,609.05 lakh from ₹4,923.38 lakh, primarily due to a reduction in trade receivables and cash and cash equivalents. Total liabilities decreased to ₹6,668.27 lakh from ₹7,788.48 lakh, driven by a reduction in current borrowings.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 2,826.91 | 299.41 |
| Total Revenue | 3,426.53 | 638.96 |
| Total Expenses | 1,714.44 | 785.60 |
| Net Profit | 1,160.08 | (146.64) |
| EPS (Basic) | 8.97 | (1.13) |
The statutory auditors, M/s. Karvy & Co., Chartered Accountants, issued an unmodified audit opinion on the standalone and consolidated financial results.
Historical Stock Returns for SSPDL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.42% | -9.25% | +24.49% | +42.80% | -6.62% | +9.62% |
How sustainable is the revenue growth given the one-time gain from the sale of repossessed real estate?
What are the company's strategic plans to maintain operational revenue after the significant reduction in current borrowings?
Will the resolution of tax disputes related to the Alpha City project impact future tax liabilities or cash flow?
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