SSPDL Limited , a property development company, has reported a widened net loss for the second quarter of the fiscal year 2025. The company's financial results, approved by the Board of Directors on November 14, 2025, reveal ongoing operational challenges.

Financial Performance

For the quarter ended September 30, 2025, SSPDL Limited posted a net loss of Rs 160.79 lakhs, compared to a loss of Rs 156.13 lakhs in the previous quarter. This represents a 3% increase in net loss quarter-over-quarter. The company's revenue from operations for Q2 FY2025 stood at Rs 132.78 lakhs.

Key Financial Metrics

The company's earnings per share (EPS) for the quarter was negative Rs 1.24, indicating a slight deterioration from the previous quarter's EPS of negative Rs 1.21.

Operational Highlights

SSPDL Limited's financial statement reveals some notable operational aspects:

• Cost of materials consumed and works cost amounted to Rs 118.04 lakhs.
• Employee benefits expense stood at Rs 47.81 lakhs.
• Finance costs were significant at Rs 68.99 lakhs.
• Other expenses totaled Rs 47.33 lakhs.

Balance Sheet Overview

As of September 30, 2025, SSPDL Limited's balance sheet shows:

• Total assets of Rs 7,541.37 lakhs
• Current assets, including inventories of Rs 3,143.32 lakhs
• Total liabilities of Rs 7,541.37 lakhs
• Current liabilities, including borrowings of Rs 3,989.23 lakhs

Cash Flow Statement

The cash flow statement for the half-year ended September 30, 2025, indicates:

• Net cash from operating activities: Rs 323.17 lakhs
• Net cash used in investing activities: Rs 231.33 lakhs
• Net cash used in financing activities: Rs 366.44 lakhs

The company experienced a net decrease in cash and cash equivalents of Rs 274.60 lakhs during this period.

Management Commentary

Prakash Challa, Chairman and Managing Director of SSPDL Limited, signed off on the financial results. The company's management and auditors have reviewed these unaudited financial results, ensuring compliance with regulatory requirements.

Conclusion

SSPDL Limited's Q2 FY2025 results reflect ongoing challenges in the property development sector. The widened losses and operational costs underscore the need for strategic measures to improve financial performance in the coming quarters.

SSPDL Limited , a property development company, has reported a significant increase in its net loss for the first quarter. The company's financial performance reflects challenges in the real estate sector and reduced revenue generation.

Financial Performance

SSPDL Limited reported a consolidated net loss of Rs 156.51 lakhs for the quarter, compared to a net loss of Rs 104.15 lakhs in the corresponding quarter of the previous year. This represents a 50.3% increase in net loss year-over-year.

The company's consolidated revenue saw a substantial decline, dropping to Rs 16.97 lakhs from Rs 60.07 lakhs in the same quarter last year, marking a 71.7% decrease.

Standalone Results

On a standalone basis, SSPDL Limited's performance mirrored its consolidated results:

Expense Management

Despite the revenue decline, the company's total expenses remained relatively high:

• Consolidated total expenses: Rs 173.48 lakhs
• Standalone total expenses: Rs 173.07 lakhs

Key expense components included:

Per Share Earnings

The basic and diluted earnings per share (EPS) for the quarter stood at negative Rs 1.21, compared to negative Rs 0.81 in the same quarter of the previous year.

Company Overview

SSPDL Limited operates primarily in the property development segment. The company has one wholly-owned subsidiary, SSPDL Infratech Private Limited, and one associate, Northwood Properties India Private Limited.

Board Meeting and Audit Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings. The statutory auditors of the company have conducted a limited review of these results.

Additional Corporate Actions

In the same board meeting, SSPDL Limited also approved several other items:

1. Re-appointment of Smt. Sabella Devaki Reddy as a Director, subject to retirement by rotation
2. Appointment of M/s. Savita Jyoti Associates as Secretarial Auditors
3. Approval of the Directors Report including Corporate Governance
4. Decision to hold the 31st Annual General Meeting through video conferencing

The company's management will likely face questions about strategies to improve revenue and reduce losses in the coming quarters, given the challenging market conditions in the real estate sector.