SPA Capital Services Q2 FY27 standalone PAT at Rs 40.70 lakh

What the numbers show

• Net margin was 2.60% of revenue, up 259 bps from 0.01%.
• Revenue rose 78.5% while total expenses rose 74.0%.

• Basis: Standalone statement of unaudited financial results for the quarter ended 30.09.2026, with comparatives for the quarter ended 30.09.2025, as per the statement of financial results.

• Total Revenue from operations (Q2 FY27 vs Q2 FY26): Rs 1,562.60 lakh vs Rs 875.20 lakh

• Other Income: Rs 7.50 lakh vs Rs 0.40 lakh

• Total Income: Rs 1,570.10 lakh vs Rs 877.50 lakh

• Total expenses: Rs 1,521.40 lakh vs Rs 874.20 lakh

• Purchases of stock-in-trade: Rs 1,142.30 lakh vs Rs 357.90 lakh

• Changes in inventories of finished goods, work-in-progress and stock-in-trade: Rs -322.10 lakh vs Rs 70.60 lakh

• Employee benefit expense: Rs 77.40 lakh vs Rs 85.10 lakh

• Finance costs: Rs 0.80 lakh vs Rs 4.20 lakh

• Depreciation, depletion and amortisation expense: Rs 8.50 lakh vs Rs 7.80 lakh

• Fees and commission expense (Brokerage): Rs 532.60 lakh vs Rs 277.80 lakh

• Other expenses (other operational, administrative and selling expenses): Rs 83.00 lakh vs Rs 70.90 lakh

• Profit / (loss) before exceptional items and tax: Rs 48.60 lakh vs Rs 1.10 lakh

• Profit/(loss) before tax: Rs 48.60 lakh vs Rs 1.10 lakh

• Total Tax Expenses: Rs 7.90 lakh vs Rs 0.80 lakh

• Profit / (loss) for the period from continuing operations: Rs 40.70 lakh vs Rs 0.10 lakh

• Profit/(loss) for the period: Rs 40.70 lakh vs Rs 0.10 lakh

• Paid Up Equity Share Capital (face value of Rs 10/- each): 30,74,225.000 vs 30,74,225.00

• Reserves excluding revaluation reserve as per Balance Sheet: Rs 1,612.70 lakh vs Rs 1,400.00 lakh

• Earnings per equity share – Basic: 1.318 vs 0.003

• Earnings per equity share – Diluted: 1.318 vs 0.003

According to the statement of financial results, SPA Capital Services Limited reported standalone total income of Rs 1,570.10 lakh for the quarter ended 30.09.2026, up from Rs 877.50 lakh in the corresponding quarter ended 30.09.2025. Total revenue from operations increased to Rs 1,562.60 lakh from Rs 875.20 lakh over the same period, driven primarily by higher "Sale of services" and "Other revenue from Operations" lines earlier in the table that aggregate into this total revenue figure.

Total expenses for the quarter rose to Rs 1,521.40 lakh from Rs 874.20 lakh. Within this, "Purchases of stock-in-trade" increased to Rs 1,142.30 lakh from Rs 357.90 lakh, while "Fees and commission expense (Brokerage)" moved to Rs 532.60 lakh from Rs 277.80 lakh. "Changes in inventories of finished goods, work-in-progress and stock-in-trade" shifted to Rs -322.10 lakh compared with Rs 70.60 lakh in the year-ago quarter. Employee benefit expense was Rs 77.40 lakh versus Rs 85.10 lakh, and finance costs were Rs 0.80 lakh versus Rs 4.20 lakh.

Profit / (loss) before exceptional items and tax, and profit/(loss) before tax, both stood at Rs 48.60 lakh for the quarter, compared with Rs 1.10 lakh in the corresponding previous quarter. After total tax expenses of Rs 7.90 lakh (vs Rs 0.80 lakh a year earlier), profit / (loss) for the period from continuing operations and profit/(loss) for the period were Rs 40.70 lakh, compared with Rs 0.10 lakh in the quarter ended 30.09.2025. Basic and diluted earnings per equity share for the quarter were 1.318, up from 0.003 in the corresponding prior period, as shown in the earnings per share section of the statement of financial results.