Satani Bearings Ltd (505703)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Satani Bearings' revenue was ₹5.6 Cr, and net profit ₹-0.2 Cr (a smaller loss than a year earlier); the operating margin was -3.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹5.6 | — | -65.8% |
| Operating profit | ₹-0.2 | loss narrowed | to loss |
| Net profit | ₹-0.2 | loss narrowed | to loss |
| EPS (₹) | -0.11 | loss narrowed | to loss |
| Operating margin | -3.7% | — | — |
📢 Recent Corporate Announcements
Satani Bearings reported a revenue of ₹5.61 Cr for Q1 FY27, representing a sharp 65.8% decline from the ₹16.43 Cr reported in the previous quarter (Mar 2026). The company swung to a net loss of ₹21.07 Lakhs, compared to a profit of ₹20.58 Lakhs in the sequential quarter. While revenue is up from zero in the same period last year, the business remains volatile with thin margins. Total expenses of ₹5.83 Cr were primarily driven by stock-in-trade purchases of ₹5.37 Cr, exceeding the total income for the period.
- Revenue from operations stood at ₹561.49 Lakhs for the quarter ended June 30, 2026.
- Net loss for the period was ₹21.07 Lakhs against a profit of ₹20.58 Lakhs in the preceding quarter.
- Purchase of stock-in-trade accounted for 92% of total expenses at ₹536.64 Lakhs.
- Earnings Per Share (EPS) turned negative at ₹-0.11 for the quarter.
- Paid-up equity share capital remains at ₹2000 Lakhs following the recent transition phase.
Satani Bearings (formerly Deccan Bearings) reported a revenue of ₹5.61 Cr for the quarter ended June 30, 2026, representing a 65.8% decline compared to the preceding quarter (₹16.43 Cr). The company posted a net loss of ₹0.21 Cr, reversing the profit of ₹0.21 Cr seen in Q4 FY26. Operations remain heavily focused on trading, with purchase of stock-in-trade accounting for 92% of total expenses. This volatility follows a period of zero revenue in early FY26, highlighting an inconsistent recovery in its business model.
- Revenue from operations fell 65.8% sequentially to ₹5.61 Cr from ₹16.43 Cr in March 2026
- Net loss of ₹21.07 Lakhs reported for Q1 FY27 against a profit of ₹20.58 Lakhs in the previous quarter
- Purchase of stock-in-trade stood at ₹5.37 Cr, representing the bulk of the ₹5.83 Cr total expenditure
- Earnings Per Share (EPS) turned negative at -₹0.11 for the quarter
- Paid-up equity share capital remains at ₹20.00 Cr following a significant increase from ₹2.20 Cr in June 2025
S a t a n i B e a r i n g s L t d h a s s c h e d u l e d a b o a r d m e e t i n g f o r A u g u s t 1 3 , 2 0 2 6 , t o c o n s i d e r a n d a p p r o v e u n a u d i t e d f i n a n c i a l r e s u l t s f o r t h e q u a r t e r e n d e d J u n e 3 0 , 2 0 2 6 . T h e c o m p a n y i s i n a t r a n s i t i o n p h a s e , h a v i n g r e c e n t l y c h a n g e d i t s n a m e f r o m D e c c a n B e a r i n g s i n J a n u a r y 2 0 2 6 . I n v e s t o r s w i l l b e l o o k i n g t o s e e i f t h e r e v e n u e m o m e n t u m o f R s 1 6 . 4 3 c r r e p o r t e d i n M a r c h 2 0 2 6 c o n t i n u e s , g i v e n t h e p r e v i o u s h i s t o r y o f z e r o o p e r a t i o n a l r e v e n u e i n F Y 2 5 .
- Boar d m e e t i n g s c h e d u l e d f o r A u g u s t 1 3 , 2 0 2 6 , t o r e v i e w Q 1 F Y 2 7 r e s u l t s .
- Compan y r e p o r t e d T T M r e v e n u e o f R s 3 5 c r a f t e r a p e r i o d o f z e r o o p e r a t i o n s i n F Y 2 5 .
- Promoter h o l d i n g s i g n i f i c a n t l y i n c r e a s e d t o 7 2 . 3 3 % a s o f M a r c h 2 0 2 6 .
- The c o m p a n y i s c u r r e n t l y o p e r a t i n g w i t h a n e g l i g i b l e O P M o f 0 . 1 % .
Financial Performance
Revenue Growth by Segment
Revenue from operations for the trading of bearings segment was INR 0 in FY25, showing 0% growth compared to INR 0 in FY24. The company reported no sales of bearings during the year.
Geographic Revenue Split
Not disclosed in available documents; however, the company is domiciled in India with its registered office in Mumbai, Maharashtra.
Profitability Margins
Net Profit Margin is not applicable due to zero operational revenue. The company reported a Total Comprehensive Loss of INR 16,36,844 in FY25, which is a 7.47% improvement from the loss of INR 17,68,972 in FY24.
EBITDA Margin
EBITDA is negative as total income of INR 4,00,790 (entirely from Other Income) was insufficient to cover operating expenses. Other Income decreased by 12.23% YoY from INR 4,56,618 in FY24.
Capital Expenditure
Historical CapEx for FY25 was INR 0. The company does not own any Property, Plant, and Equipment (PPE) or intangible assets as of March 31, 2025.
Credit Rating & Borrowing
Not disclosed in available documents. The company reported no loans or borrowings under Section 185 or 186 of the Companies Act.
Operational Drivers
Raw Materials
Not applicable as the company is a trading entity and reported zero purchases of stock-in-trade (INR 0) in FY25.
Import Sources
Not applicable; no procurement activity was recorded in the financial statements for FY25.
Key Suppliers
None identified; the company reported zero purchases of stock-in-trade for the period ended March 31, 2025.
Capacity Expansion
The company has 0 MT/units of installed capacity as it is a trading firm with no manufacturing facilities or Property, Plant, and Equipment.
Raw Material Costs
Raw material/purchase costs were INR 0 in FY25, representing 0% of revenue due to the lack of trading activity.
Manufacturing Efficiency
Capacity utilization is 0% as the company has no manufacturing assets and reported no operational revenue.
Logistics & Distribution
Distribution costs were 0% of revenue as no sales were executed during the financial year.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
The company appears to be in a transition phase, having changed its name to Satani Bearings Limited in January 2026. Growth would require a complete restart of trading operations or a pivot to a new business model, as current revenue is zero.
Products & Services
The company is registered to trade in Bearings, although no products were sold in FY25.
Brand Portfolio
Satani Bearings (formerly Deccan Bearings).
New Products/Services
No new product launches were disclosed; the company remains non-operational in its core segment.
Market Expansion
No market expansion plans were disclosed in the provided documents.
Market Share & Ranking
The company holds a negligible market share in the bearings industry due to zero operational turnover.
Strategic Alliances
None disclosed; the company has no subsidiaries and is not a subsidiary of any other company.
External Factors
Industry Trends
The bearings industry is generally driven by automotive and industrial demand; however, the company is not currently participating in this growth due to its non-operational status.
Competitive Landscape
The company is currently inactive and does not compete effectively with active bearing traders or manufacturers.
Competitive Moat
The company lacks a competitive moat, as it has no proprietary technology, no manufacturing assets, and zero current market share.
Macro Economic Sensitivity
Highly sensitive to the ability to resume operations; current survival depends on Other Income of INR 4,00,790, which is sensitive to interest rate fluctuations.
Consumer Behavior
Not applicable as the company has no active sales to consumers or industrial clients.
Geopolitical Risks
Minimal direct impact currently due to the lack of active international trade or operations.
Regulatory & Governance
Industry Regulations
Subject to the Companies Act, 2013 and Ind AS. The auditor noted that maintenance of cost records under Section 148(1) has not been prescribed for the company's current activities.
Environmental Compliance
ESG compliance costs were not disclosed; the company has no manufacturing footprint to trigger significant environmental norms.
Taxation Policy Impact
The company reported a Deferred Tax Asset of INR 0. It is subject to Indian corporate tax laws, though it currently operates at a loss.
Legal Contingencies
The company has no pending litigations as per the auditor's report and management certificates.
Risk Analysis
Key Uncertainties
The primary uncertainty is the company's ability to continue as a going concern given zero operational revenue and a net loss of INR 16.37 Lakhs.
Geographic Concentration Risk
100% of the registered operations are concentrated in Mumbai, India.
Third Party Dependencies
High dependency on 'Other Income' sources to fund minimal administrative expenses and maintain the corporate shell.
Technology Obsolescence Risk
High risk; the company has no investment in technology or modern manufacturing/trading infrastructure.
Credit & Counterparty Risk
Minimal operational credit risk as there are no trade receivables (INR 0); however, there is exposure in Short-term loans and advances of INR 5,93,000.
