SBEC Systems Reports Q1 Profit Growth, Appoints New Secretarial Auditor
SBEC Systems (India) Limited reported a standalone profit of Rs. 22.03 crore for Q1, up 11.15% year-over-year. Revenue from operations increased by 12.66% to Rs. 74.83 crore. The Solar Power Generation segment contributed significantly with a pre-tax result of Rs. 23.81 crore, while Technical Services reported a loss. The company appointed M/s Soniya Gupta & Associates as Secretarial Auditor for five years, subject to shareholder approval. Board committees were reconstituted, and the 36th Annual General Meeting notice was approved. A Scheme of Selective Capital Reduction is pending before the NCLT.
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SBEC Systems (India) Limited , a company operating in technical services and solar power generation, has reported a significant increase in profit for the first quarter. The company also announced key corporate governance changes, including the appointment of a new secretarial auditor.
Financial Performance
SBEC Systems posted a standalone profit of Rs. 22.03 crore for Q1, marking an 11.15% increase from Rs. 19.82 crore in the same quarter last year. The company's revenue from operations rose to Rs. 74.83 crore, up 12.66% from Rs. 66.42 crore in Q1 of the previous year.
The financial results breakdown is as follows:
| Particulars (in Rs. crore) | Q1 Current | Q1 Previous | % Change |
|---|---|---|---|
| Revenue from Operations | 74.83 | 66.42 | 12.66% |
| Total Income | 94.98 | 66.53 | 42.76% |
| Total Expenses | 72.95 | 39.07 | 86.71% |
| Profit Before Tax | 22.03 | 27.46 | -19.77% |
| Profit After Tax | 22.03 | 19.82 | 11.15% |
It's worth noting that while the company's revenue and profit after tax increased, there was a decrease in profit before tax compared to the same quarter last year.
Segment Performance
SBEC Systems operates in two segments:
- Technical Services/Consultancy Services
- Solar Power Generation
The Solar Power Generation unit contributed significantly to the company's profitability, with a segment result of Rs. 23.81 crore before tax. The Technical Services segment, however, reported a loss of Rs. 1.78 crore.
Corporate Developments
The Board of Directors, in their recent meeting, approved several key decisions:
Appointment of Secretarial Auditor: M/s Soniya Gupta & Associates has been appointed as the Secretarial Auditor for a period of five years, subject to shareholder approval at the upcoming Annual General Meeting.
Board Committee Reconstitution: The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee have been reconstituted.
Annual General Meeting: The notice for the 36th Annual General Meeting has been approved, along with the Directors Report, Corporate Governance Report, and Management Discussion and Analysis Report for the previous financial year.
Capital Reduction Scheme
The company's Scheme of Selective Capital Reduction, which was approved by the Board on June 26, 2023, and by shareholders on September 28, 2024, is currently pending before the National Company Law Tribunal (NCLT). The next hearing is scheduled for September 29, 2025.
Compliance with Supreme Court Order
In compliance with a Supreme Court order dated March 4, 2025, SBEC Systems, along with the promoter group of SBEC Sugar Limited, made a public announcement on June 2, 2025, to acquire shares of the Target Company as per SEBI regulations.
The financial results and corporate actions reflect SBEC Systems' efforts to strengthen its position in both the technical services and solar power sectors while addressing regulatory requirements and enhancing corporate governance practices.
Historical Stock Returns for SBEC Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.81% | -2.89% | -21.48% | +36.90% | -48.27% | +382.57% |
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