Sterling Greenwoods reports Q4 profit, narrows FY26 loss

Sterling Greenwoods Limited reported a standalone net profit of ₹9.82 lakh for the quarter ended March 31, 2026 (Q4FY26), recovering from a net loss of ₹31.55 lakh in the preceding quarter ended December 31, 2025. For the full financial year ended March 31, 2026 (FY26), the company recorded a net loss of ₹124.38 lakh, widening from the net loss of ₹88.08 lakh reported in FY25. The board approved the audited financial results at its meeting held on May 29, 2026.

Income from operations for the quarter stood at ₹1.44 lakh, significantly lower than the ₹112.74 lakh reported in the same period last year. Total expenses for Q4FY26 were ₹26.98 lakh, compared to ₹57.17 lakh in Q4FY25. The company reported a profit before exceptional items and tax of ₹(25.54) lakh for the quarter, which turned into a net profit after accounting for a deferred tax credit of ₹35.36 lakh.

For the full year FY26, income from operations dropped to ₹5.96 lakh from ₹144.95 lakh in the previous year. Total expenses increased to ₹165.70 lakh from ₹253.91 lakh in FY25. The company’s paid-up equity share capital remained unchanged at ₹423.96 lakh with a face value of ₹10 each.

Financial Performance Summary

Metric	Q4FY26 (₹ Lakh)	Q4FY25 (₹ Lakh)	FY26 (₹ Lakh)	FY25 (₹ Lakh)
Income from Operations	1.44	112.74	5.96	144.95
Total Expenses	26.98	57.17	165.70	253.91
Net Profit/(Loss)	9.82	76.45	(124.38)	(88.08)

The statutory auditors audited the standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company noted that segment-wise revenue and results were not presented as the Resort & Club business is undergoing a transition following a lease agreement with Pushpadevi Goenka Trust effective April 1, 2024. The financial results were published in newspapers on May 31, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.45%	-5.88%	+7.18%	-32.86%	-47.27%	+141.55%

Sterling Greenwoods Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. The Board of Directors approved these results at their meeting held on June 6, 2025, following review and recommendation by the Audit Committee.

Financial Performance Overview

The company's operational performance for FY25 showed mixed results across different business segments. Sterling Greenwoods operates primarily in two segments: Real Estate and Resort & Club Membership businesses.

Metric	Q4FY25	FY25	FY24
Net Sales/Income from Operations	₹90.00 lakhs	₹144.95 lakhs	₹249.56 lakhs
Other Operating Income	₹22.74 lakhs	₹27.06 lakhs	₹59.18 lakhs
Total Income from Operations	₹112.74 lakhs	₹144.95 lakhs	₹249.56 lakhs
Total Expenses	₹57.17 lakhs	₹253.91 lakhs	₹498.87 lakhs
Net Profit/(Loss) - Standalone	₹76.45 lakhs	₹(108.96) lakhs	₹(249.31) lakhs
Net Profit/(Loss) - Consolidated	₹75.97 lakhs	₹(110.51) lakhs	₹(253.14) lakhs

Segment-wise Performance

The Real Estate business generated the entire operational revenue for FY25, contributing ₹144.95 lakhs compared to ₹5.75 lakhs in the previous year. The Resort business did not contribute any revenue during FY25, in contrast to ₹190.65 lakhs in FY24.

Financial Position

As of March 31, 2025, the company's financial position reflected:

Parameter	Standalone (₹ lakhs)	Consolidated (₹ lakhs)
Total Assets	3,240.94	3,244.72
Total Equity	1,208.77	1,199.86
Paid-up Equity Share Capital	423.96	423.96
Earnings Per Share	(2.08)	(2.11)

Key Financial Ratios

The company's financial ratios indicate areas of concern:

Debt Equity Ratio: 1.30 (standalone) and 1.31 (consolidated)
Current Ratio: 0.39 (standalone) and 0.40 (consolidated)
Interest Service Coverage Ratio: (0.64) indicating difficulty in servicing interest obligations

Auditor's Qualified Opinion

The statutory auditors, Keyur Bavishi & Co., issued a qualified opinion on both standalone and consolidated financial results. The key qualifications include:

The company uses accounting software with edit log facility that has not been fully implemented in terms of maker-checker control mechanism
The company has not ascertained impairment of certain resort assets as decided in the Board Meeting dated February 9, 2024, with the impairment amount being unquantifiable

Outstanding Legal and Regulatory Matters

The company continues to deal with several ongoing legal matters, including civil suits filed against Paksh Developers Private Limited and former directors. Additionally, there are pending NCLT proceedings and other court cases. The company has outstanding GST liabilities of ₹16.20 lakhs as of March 31, 2025.

Cash Flow and Liquidity

The company generated positive cash flows from operating activities of ₹73.61 lakhs during FY25, compared to ₹57.24 lakhs in the previous year. Cash and cash equivalents increased significantly to ₹250.18 lakhs from ₹8.22 lakhs in the previous year, primarily due to proceeds from sales of property, plant and equipment amounting to ₹289.72 lakhs.

The financial results indicate Sterling Greenwoods' continued focus on operational efficiency while managing legacy issues and working toward resolving outstanding legal matters.