SRM Energy Ltd (523222)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, SRM Energy's revenue was ₹0.0 Cr, and net profit ₹3.5 Cr (against a loss a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | loss narrowed | loss narrowed |
| Net profit | ₹3.5 | from loss | +70.2% |
📢 Recent Corporate Announcements
SRM Energy Limited has issued notice for its 39th Annual General Meeting (AGM) scheduled for September 22, 2026, via video conferencing. The accompanying FY26 Annual Report highlights going-concern uncertainties given its negative net worth (-₹4 Cr) and zero operational revenue. It also notes a change in management under SEBI SAST Regulations, with Umesh Narpatchand Sanghvi appointed as Managing Director w.e.f. March 16, 2026, who has initiated operational revival and restructuring plans.
- 39th AGM scheduled for September 22, 2026 at 11:30 AM IST via VC/OAVM
- Umesh Narpatchand Sanghvi appointed as Managing Director w.e.f. March 16, 2026
- Company reported ₹0 Cr TTM revenue with negative net worth of ₹-4 Cr
- Going concern assumption maintained based on management's business revival and restructuring initiatives
SRM Energy Ltd has submitted its 39th Annual Report for FY2025-26 and convened its Annual General Meeting (AGM) for September 22, 2026 via video conferencing. The report highlights a change in management during the year pursuant to SEBI SAST Regulations, with Umesh Narpatchand Sanghvi appointed as Managing Director effective March 16, 2026. The notes to the financial statements explicitly flag a negative net worth and working capital deficit, posing going concern risks as the new promoter team seeks to restructure and revive operations.
- 39th Annual General Meeting convened for September 22, 2026 at 11:30 AM IST via VC/OAVM
- Umesh Narpatchand Sanghvi appointed as Managing Director effective March 16, 2026
- Company reports negative net worth as of March 31, 2026 with liabilities exceeding current assets
- New management initiated restructuring and operational revival plans following takeover under SEBI SAST Regulations
SRM Energy Ltd's Board of Directors met on August 24, 2026, and approved the Director's Report and 39th Annual Report for FY 2025-26. The 39th Annual General Meeting (AGM) has been scheduled for September 22, 2026, at 11:30 AM IST via video conferencing. The company announced the closure of its Register of Members and Share Transfer Books from September 15 to September 22, 2026. CDSL was appointed to facilitate e-voting, with Hemant Shetye or Kunal Sakpal acting as the scrutinizer.
- 39th Annual General Meeting scheduled for September 22, 2026, at 11:30 AM IST
- Share transfer books and member registers to remain closed from September 15 to September 22, 2026
- Board approved the Director's Report and Annual Report for FY 2025-26
- CDSL appointed for e-voting services with Hemant Shetye/Kunal Sakpal appointed as Scrutinizer
SRM Energy reported a net profit of Rs 3.51 Cr for the quarter ended June 30, 2026, a significant turnaround from a loss of Rs 1.40 Cr in the year-ago period. However, this profit is entirely non-operational, driven by a one-time write-back of a loan liability amounting to Rs 3.57 Cr. The company continues to report zero revenue from operations and has a completely eroded net worth. Auditors have issued a qualified opinion, expressing material uncertainty regarding the company's ability to continue as a going concern.
- Net Profit of Rs 3.51 Cr reported against a loss of Rs 1.40 Cr in June 2025.
- Revenue from operations remains at Rs 0.00 for the quarter.
- Other Income of Rs 357.40 Lakhs (Rs 3.57 Cr) recognized due to cessation of loan obligations.
- Total expenses for the quarter were minimal at Rs 6.86 Lakhs.
- Auditors highlighted that accumulated losses have fully eroded the company's net worth.
SRM Energy Ltd's board met on August 5, 2026, to approve the standalone un-audited financial results for the quarter ended June 30, 2026. The company continues to operate in a distressed financial state with TTM revenue at Rs 0 Cr and a negative net worth of Rs 46 Cr. The meeting was conducted over 90 minutes, concluding at 4:30 p.m. This filing is a routine regulatory requirement and does not indicate any immediate change in the company's non-operational status.
- Approved standalone un-audited financial results for the quarter ended June 30, 2026
- Board meeting duration was 1.5 hours, from 3:00 p.m. to 4:30 p.m.
- Company reports TTM revenue of Rs 0 Cr as per latest financial context
- Net worth remains significantly negative at Rs -46 Cr
SRM Energy Ltd has scheduled a board meeting for August 5, 2026, to consider and approve the un-audited financial results for the quarter ended June 30, 2026. The company is currently a micro-cap with a market capitalization of Rs 21 Cr and has reported zero revenue for the last several quarters. Investors should note the company's stressed financial position, characterized by a negative net worth of Rs 46 Cr and debt of Rs 46 Cr. The trading window for designated persons has been closed since July 1, 2026, in anticipation of these results.
- Board meeting scheduled for August 5, 2026, to approve Q1 FY27 results
- Trading window for designated persons closed since July 1, 2026
- Company reported Rs 0 Cr revenue for the trailing twelve months (TTM)
- Net worth remains significantly negative at Rs -46 Cr
- Total debt stands at Rs 46 Cr as per latest available financial context
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
