SVC Industries News

SVC Industries Reports Q3 FY26 Loss of Rs 55.34 Lakh

SVC Industries Limited posted a net loss of Rs 55.34 lakh for Q3 FY26, with total income declining to Rs 19.45 lakh from Rs 18.29 lakh in the previous year quarter.

SVC Industries Reports Rs 54.02 Lakh Loss in September Quarter, Revenue Drops to Rs 203.66 Lakh

SVC Industries Limited posted a net loss of Rs 54.02 lakh for the quarter ended September 30, 2025, compared to a loss of Rs 70.21 lakh in the same period last year, with total income declining to Rs 203.66 lakh from Rs 265.37 lakh. The company continues negotiations with debenture holders for settlement of dues and remains in discussions with PICUP regarding a Rs 2,299 lakh payment deadline extension beyond the missed June 2025 deadline.

SVC Industries Reports Rs 70.21 Lakh Loss in Q1 Despite Revenue Growth

SVC Industries Limited reported a net loss of Rs 70.21 lakh for the quarter ended June 30, 2025, compared to a profit of Rs 57 lakh in the same quarter last year. Total income increased significantly to Rs 265.37 lakh from Rs 137.38 lakh year-over-year, driven by agricultural product sales of Rs 241.75 lakh and lease rent income of Rs 23.12 lakh. However, total expenses rose to Rs 335.58 lakh, primarily due to higher purchase of stock in trade at Rs 348.89 lakh. The company's earnings per share declined to negative Rs 0.04 from positive Rs 0.04 in the previous year. SVC Industries faces ongoing financial obligations including negotiations with debenture holders and an outstanding payment of Rs 2,299 lakh to PICUP, for which the company has requested an extension until September 2025. The company also received notices from the Income Tax Appellate Tribunal for assessment years 2019-22 related to appeals by tax authorities.

SVC Industries Approves Quarterly Results, Sets AGM Date, and Announces Key Personnel Changes

SVC Industries Ltd's Board of Directors approved unaudited financial results for the quarter ended June 30, 2025, showing a loss of Rs. 70.21 lakhs compared to a profit of Rs. 57.00 lakhs in the same quarter last year. The company scheduled its 34th Annual General Meeting for September 30, 2025, through video conferencing. The Board approved the re-appointment of Mr. Suresh V. Chaturvedi as Non-Executive Director and the continuation and re-appointment of Mr. Subhash Chandra Rastogi as Non-Executive Independent Director for a five-year term from February 2026 to February 2031, subject to shareholder approval. In key personnel changes, Ms. Jyoti Darade resigned as Company Secretary and Compliance Officer effective July 31, 2025, to pursue career opportunities outside the company, while Mr. Jishan Ahmed was appointed as the new Company Secretary and Compliance Officer from August 1, 2025. The company's total income increased to Rs. 265.37 lakhs from Rs. 137.38 lakhs in the previous year quarter, primarily driven by higher agricultural product sales of Rs. 241.75 lakhs.