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Supreme Engineering Q2 FY23 Revenue Drops 60% YoY; Reports Net Loss of ₹5.69 Crore
Supreme Engineering Limited reported a weak performance for the quarter ended September 30, 2022, with revenue from operations falling sharply to ₹6.37 crore from ₹16.19 crore in the same period last year. The company posted a net loss of ₹5.69 crore, a significant reversal from the ₹0.82 crore profit recorded in Q2 FY22. High finance costs and a substantial reduction in operational scale have severely impacted margins. The company also underwent a management change with the appointment of a new Company Secretary following a resignation.
Key Highlights
Revenue from operations declined by 60.6% YoY to ₹637.12 lakhs in Q2 FY23. Company swung to a net loss of ₹569.41 lakhs for the quarter compared to a profit of ₹81.82 lakhs YoY. Total borrowings as of September 30, 2022, stood at approximately ₹100.63 crore. Finance costs for the half-year ended September 2022 reached ₹128.82 lakhs. Management announced the appointment of Mr. Hemant Agarwal as Company Secretary effective November 14, 2022.
💼 Action for Investors Investors should exercise caution as the company shows signs of operational distress with declining revenues and a shift into losses. The high debt levels relative to equity and the sharp drop in business volume are significant red flags.
Supreme Engineering Q3 FY26 Results: Marginal Profit of ₹2 Lakhs Amidst Negative Net Worth
Supreme Engineering reported a marginal net profit of ₹2 Lakhs for the quarter ended December 31, 2025, compared to a loss of ₹22 Lakhs in the preceding quarter. Despite this small profit, the company's financial health remains critical with a negative net worth and loan accounts classified as NPA since August 2021. Total revenue for the nine-month period stood at ₹241 Lakhs with a cumulative net loss of ₹23 Lakhs. The auditor has raised a 'Going Concern' warning due to persistent losses, unpaid statutory dues, and significant regulatory non-compliances.
Key Highlights
Reported a marginal net profit of ₹2 Lakhs in Q3 FY26 against a loss of ₹22 Lakhs in Q2 FY26. Total revenue for the nine-month period ended December 31, 2025, was ₹241 Lakhs. Company net worth is negative as current liabilities exceed total assets, with loans in NPA status since 2021. Significant regulatory lapses noted, including the absence of a Company Secretary and unfiled tax returns for FY20 and FY21. Management has applied for a One Time Settlement (OTS) with banks and deposited a 10% preliminary amount.
💼 Action for Investors Investors should exercise extreme caution as the company faces severe structural risks, including a negative net worth and multiple legal non-compliances. The marginal quarterly profit is insufficient to mitigate the substantial 'Going Concern' uncertainty and debt default issues.
Supreme Engineering Reports Q2 FY26 Net Loss of ₹1.65 Cr; Net Worth Remains Negative
Supreme Engineering Limited reported a net loss of ₹164.90 lakhs for the quarter ended September 30, 2025, reversing a small profit of ₹7.32 lakhs in the previous quarter. Revenue from operations declined significantly by 38.8% quarter-on-quarter to ₹513.63 lakhs. The company continues to operate with a negative net worth, and its secured loan accounts have remained NPAs since August 2021. Furthermore, the auditor's report highlights severe regulatory non-compliances, including unfiled tax returns and the absence of a Company Secretary.
Key Highlights
Net loss of ₹164.90 lakhs in Q2 FY26 compared to a profit of ₹7.32 lakhs in Q1 FY26. Revenue from operations fell to ₹513.63 lakhs from ₹839.01 lakhs in the preceding quarter. Company's net worth is deeply negative, with total liabilities of ₹12,066.61 lakhs far exceeding total assets of ₹3,119.43 lakhs. Secured loan accounts are classified as NPAs since August 2021, with no interest or principal servicing since that date. Auditors flagged multiple non-compliances, including failure to file income tax returns for FY 2019-20 and FY 2020-21.
💼 Action for Investors Investors should exercise extreme caution as the company is in severe financial distress with negative net worth and ongoing NPA status. The multiple regulatory non-compliances and auditor concerns regarding 'going concern' status make this a high-risk stock.
Supreme Engineering Q1 FY26 Revenue Up 120% to ₹8.4 Cr; Auditors Flag Going Concern Risk
Supreme Engineering reported a revenue of ₹839.91 Lakhs for Q1 FY26, a significant jump from ₹382.25 Lakhs in the same quarter last year. However, net profit fell sharply to ₹7.32 Lakhs compared to ₹53.18 Lakhs in Q1 FY25. The auditors have issued a stern 'Emphasis of Matter' regarding the company's negative net worth and its status as a Non-Performing Asset (NPA) since August 2021. Additionally, the company is facing severe regulatory lapses, including the absence of a Company Secretary and unfiled tax returns for previous years.
Key Highlights
Revenue from operations increased by 120% YoY to ₹839.91 Lakhs in Q1 FY26. Net profit for the quarter declined to ₹7.32 Lakhs from ₹53.18 Lakhs in the previous year's corresponding quarter. Auditors flagged material uncertainty over 'Going Concern' as current liabilities exceed total assets and net worth is negative. Loan accounts have been classified as NPA since August 19, 2021, with no interest or principal being serviced. Multiple regulatory non-compliances noted, including missing Company Secretary, no Internal Audit, and unfiled Income Tax returns for FY 2019-20 and 2020-21.
💼 Action for Investors Investors should exercise extreme caution as the company's negative net worth and NPA status pose a high risk of total capital loss. The severe audit qualifications and regulatory non-compliances indicate significant internal governance issues.
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