NewsEarningsSparc Electrex Reports Steep 89% Revenue Decline and Significant Losses in Q1 FY2026Sparc Electrex Reports Steep 89% Revenue Decline and Significant Losses in Q1 FY2026
Sparc Electrex Limited, an electrical equipment manufacturer, reported a significant financial downturn in Q1 FY2026. Total income dropped 89% year-over-year to Rs. 9.60 lakhs from Rs. 89.48 lakhs. The company swung to a net loss of Rs. 65.65 lakhs, compared to a profit of Rs. 4.17 lakhs in Q1 FY2025. Basic EPS fell to Rs. (0.65) from Rs. 0.04, while diluted EPS decreased to Rs. (0.34) from Rs. 0.02. The equity share capital remained at Rs. 1248.59 lakhs, with no reported reserves for the quarter. The board approved these unaudited results on August 14, 2025.
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Sparc Electrex Limited , a manufacturer of electrical equipment, has reported a substantial decline in its financial performance for the first quarter of fiscal year 2026, according to the company's latest financial results.
Revenue Plummets
The company's total income for Q1 FY2026 dropped dramatically to Rs. 9.60 lakhs, down from Rs. 89.48 lakhs in the same quarter of the previous year. This represents a steep 89% year-over-year decline in revenue.
Significant Net Loss
Sparc Electrex swung to a net loss after tax of Rs. 65.65 lakhs in Q1 FY2026, compared to a profit of Rs. 4.17 lakhs in Q1 FY2025. This marks a significant deterioration in the company's bottom line.
Earnings Per Share Turn Negative
The company's earnings per share (EPS) reflected the poor performance:
- Basic EPS: Rs. (0.65) in Q1 FY2026, down from Rs. 0.04 in Q1 FY2025
- Diluted EPS: Rs. (0.34) in Q1 FY2026, compared to Rs. 0.02 in Q1 FY2025
Financial Position
Sparc Electrex's equity share capital remained unchanged at Rs. 1248.59 lakhs. The company did not report any reserves for the quarter, compared to Rs. 1106.03 lakhs in reserves at the end of the previous fiscal year.
| Particulars (in Rs. Lakhs) | Q1 FY2026 | Q1 FY2025 | % Change |
|---|---|---|---|
| Total Income | 9.60 | 89.48 | -89% |
| Net Profit/(Loss) | (65.65) | 4.17 | -1674% |
| Basic EPS (in Rs.) | (0.65) | 0.04 | -1725% |
Management Approval
The board of directors approved these unaudited financial results on August 14, 2025. The results were subsequently published in newspapers on August 15, 2025, as per regulatory requirements.
Segment Reporting
The company operates in two segments as defined by IND AS 108, with segment reporting attached to the financial results.
Investors and stakeholders should note that these results have undergone a limited review by the company's auditors in accordance with SEBI regulations. The full format of the financial results is available on the BSE website and the company's official website for further details.
Historical Stock Returns for Sparc Electrex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | -0.72% | -16.06% | -28.52% | -57.14% | +74.29% |
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