SVC Industries Reports Rs 70.21 Lakh Loss in Q1 Despite Revenue Growth, Announces Key Management Changes

2 min read Updated on 23 Jul 2025, 05:57 PM

Reviewed by

Riya DScanX News Team

Overview

SVC Industries Ltd reported a 93.2% increase in total income to Rs. 265.37 lakh for Q1, driven by agricultural product sales of Rs. 241.75 lakh. Despite revenue growth, the company posted a net loss of Rs. 70.21 lakh, compared to a profit of Rs. 57.00 lakh in the previous year. The company faces ongoing negotiations with debenture holders, an outstanding payment to PICUP, and tax appeals. Additionally, Ms. Jyoti Darade resigned as Company Secretary, with Mr. Jishan Ahmed appointed as her replacement.

*this image is generated using AI for illustrative purposes only.

SVC Industries Ltd, a company engaged in agricultural product sales and leasing activities, has reported its financial results for the first quarter, along with several important corporate announcements.

Financial Performance

The company's unaudited financial results for the quarter reveal a significant shift in its financial position compared to the same period last year:

Particulars (Rs. in Lakh)	Q1 Current	Q1 Previous	Change
Total Income	265.37	137.38	+93.2%
Profit/(Loss) Before Tax	(70.21)	57.00	N/A
Agri Product Sales	241.75	-	N/A
Lease Rent Income	23.12	18.54	+24.7%

SVC Industries reported a total income of Rs. 265.37 lakh for the current quarter, marking a substantial increase of 93.2% compared to Rs. 137.38 lakh in the same quarter of the previous year. This growth was primarily driven by a significant rise in agricultural product sales, which amounted to Rs. 241.75 lakh.

Despite the increase in revenue, the company posted a net loss of Rs. 70.21 lakh for the quarter, in contrast to a profit of Rs. 57.00 lakh in the previous year's corresponding quarter. The shift to a loss position can be attributed to higher expenses, particularly in the purchase of stock in trade, which rose to Rs. 348.89 lakh. Total expenses for the quarter increased to Rs. 335.58 lakh.

The company's earnings per share (EPS) declined to negative Rs. 0.04 from positive Rs. 0.04 in the previous year.

Corporate Announcements and Challenges

SVC Industries faces ongoing financial obligations and regulatory challenges:

Negotiations with Debenture Holders: The company is currently in negotiations for the settlement of dues with debenture holders.
PICUP Payment: There is an outstanding payment of Rs. 2,299 lakh to PICUP (Pradeshiya Industrial & Investment Corporation of U.P. Limited), for which the company has requested an extension until September 2025.
Tax Appeals: The company has received notices from the Income Tax Appellate Tribunal for assessment years 2019-22 related to appeals by tax authorities.

Management Changes

The company has announced key changes in its management:

Company Secretary: Ms. Jyoti Darade has resigned as Company Secretary and Compliance Officer, effective July 31. Mr. Jishan Ahmed (ACS 71640) has been appointed as the new Company Secretary and Compliance Officer, starting August 1.

As SVC Industries navigates through these financial challenges and management changes, stakeholders will be keenly watching how these developments impact the company's future performance and strategic direction.

Historical Stock Returns for SVC Industries