Suryachakra Power Corporation Releases Quarterly Results for FY2026; Reports Net Loss Amid Corporate Restructuring
Suryachakra Power Corporation Limited has announced its quarterly financial results and related statements for the period ended March 31, 2026. The company’s board meeting on May 30, 2026, approved the results, which included a net loss of Rs. 16,449 for the full year quarter and negative earnings per equity share (EPS).The financial reports provide insight into the complex corporate history of Suryachakra Power Corporation Limited, including its sale as a going concern following liquidation proceedings.
Background on Ownership Change and Equity Restructuring
The company was sold as a Going Concern vide Sale Certificate dated June 14, 2023, to Indo Aquatics Limited (IAL). Subsequently, all rights and obligations from this acquisition were assigned to Reddy Investments Private Limited (RIPL) through an assignment of rights dated September 14, 2023. As per the current financial statements, RIPL is the effective owner of Suryachakra Power Corporation Limited, resulting in zero public shareholding.A critical element of the company's financials relates to the extinguishment of pre-existing equity. The pre-existing paid-up share capital, valued at approximately Rs. 149.63 Crores, along with all associated assets and liabilities as on the date of transfer, was reversed and the net balance transferred to Capital Reserve.
Key Financial Highlights for Quarter Ended March 31, 2026
The financial results for the quarter ended March 31, 2026, present a detailed view of the company's performance across various metrics:| Particulars | Qtr (Audited) | Qtr (Unaudited) | Year Ended (Audited) | Year Ended (Audited) |
|---|---|---|---|---|
| Other Income | 0.00 | - | 200.00 | - |
| Total Income | 0.00 | - | 200.00 | - |
| Employee Benefits Expense | 126 | 102 | 229 | - |
| Finance Costs | 1 | 0 | 1 | 1 |
| Other Expenses | 15,733 | 12 | 16,419 | 790 |
| Total Expenses | 15,733 | 114 | 16,649 | 790 |
| Profit (Loss) before Tax for the Period | -15,733 | -114 | -16,449 | -790 |
Balance Sheet Snapshot as of March 31, 2026
The standalone balance sheet reflects significant changes in equity and liabilities. Total assets stand at Rs. 23,411.64 million (rounded off to 'OOO's), down from Rs. 36,642 million reported as of March 31, 2025.The structure of the balance sheet for Suryachakra Power Corporation Limited as at March 31, 2026 is as follows:
| Category | Amount (in 'OOO's) |
|---|---|
| Total Assets | 23,411.64 |
| Equity Share Capital | 19,400.00 |
| Other Equity | -16,448.82 |
| Total Equity | 2,951.18 |
| Total Current Liabilities | 20,460.61 |
| Total Equity and Liabilities | 23,411.80 |
Cash Flow Performance
The company's cash flow from operating activities for the year ended March 31, 2026, was (Rs. 15,901) million. This compared to a net cash generated from operations of (Rs. 202) million in the previous fiscal year.Cash flows from investing activities showed that the company generated Rs. 15,400 million in this segment, primarily driven by the purchase of fixed assets totaling Rs. 15,200 million. Cash and cash equivalents at the end of the year stood at Rs. 4,311 million.
Stock Price Movement
Suryachakra Power Corporation Ltd settled on Monday at ₹0.60, having shed 3.23% in post-market trading. Throughout the session, shares moved within a confined intraday range, touching highs of ₹0.62 and lows of ₹0.59.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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