Sterling Powergensys Reports Q3FY26 Net Loss of ₹13.66 Lakhs on Revenue of ₹512.65 Lakhs
Sterling Powergensys Limited announced Q3FY26 financial results showing a net loss of ₹13.66 lakhs on revenue of ₹512.65 lakhs, representing significant revenue growth but deteriorating profitability. The company's nine-month performance showed losses of ₹63.64 lakhs with equity turning negative to ₹22.69 lakhs.

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Sterling Powergensys Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a net loss of ₹13.66 lakhs compared to a net loss of ₹8.83 lakhs in the corresponding quarter of the previous year. The company's revenue from operations increased significantly to ₹512.65 lakhs in Q3FY26 from ₹79.81 lakhs in Q3FY25, marking a substantial growth in operational income.
Financial Performance Overview
The company's total income from operations reached ₹512.65 lakhs for the quarter, representing a significant improvement from ₹86.78 lakhs in the same period last year. However, despite the revenue growth, the company faced challenges in maintaining profitability due to increased expenditure.
| Financial Metric: | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹512.65 lakhs | ₹79.81 lakhs | +542% |
| Total Income: | ₹512.65 lakhs | ₹86.78 lakhs | +491% |
| Net Loss: | ₹13.66 lakhs | ₹8.83 lakhs | -55% |
| Basic EPS: | -₹0.26 | -₹0.17 | -53% |
Expenditure Analysis
Total expenditure for the quarter stood at ₹526.31 lakhs compared to ₹95.61 lakhs in Q3FY25. The major component was purchase of stock in trade at ₹957.50 lakhs, offset by a positive change in inventories of ₹452.01 lakhs. Employee benefit expenses decreased to ₹6.72 lakhs from ₹9.20 lakhs, while other expenses reduced to ₹14.72 lakhs from ₹16.92 lakhs in the corresponding previous quarter.
Nine-Month Performance
For the nine months ended December 31, 2025, the company reported a net loss of ₹63.64 lakhs on total income of ₹679.72 lakhs, compared to a net loss of ₹5.66 lakhs on income of ₹1,219.84 lakhs in the corresponding period of the previous year.
| Nine-Month Metrics: | FY26 | FY25 | Change |
|---|---|---|---|
| Total Income: | ₹679.72 lakhs | ₹1,219.84 lakhs | -44% |
| Net Loss: | ₹63.64 lakhs | ₹5.66 lakhs | -1025% |
| Basic EPS: | -₹1.21 | -₹0.11 | -1000% |
Balance Sheet Position
As of December 31, 2025, the company's total assets stood at ₹2,687.27 lakhs compared to ₹2,029.00 lakhs as of March 31, 2025. Current assets increased significantly to ₹2,573.87 lakhs, primarily driven by higher inventories of ₹583.61 lakhs and trade receivables of ₹1,282.86 lakhs. The company's equity position turned negative to ₹22.69 lakhs from a positive ₹32.57 lakhs, reflecting the accumulated losses.
Regulatory Compliance and Corporate Governance
The results were approved by the Board of Directors at their meeting held on April 06, 2026, which commenced at 03:00 PM and concluded at 04:00 PM. The financial results have been reviewed by the statutory auditors D G M S & Co., Chartered Accountants, and comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company operates in solar systems sales and trading of goods, with all activities revolving around this main business segment.
What strategic measures will Sterling Powergensys implement to achieve profitability despite the 542% revenue growth in Q3FY26?
How will the company's negative equity position of ₹22.69 lakhs impact its ability to secure future funding for solar business expansion?
What factors contributed to the significant inventory buildup of ₹583.61 lakhs, and how will this affect cash flow management in upcoming quarters?































