SVC Industries losses widen to ₹2.57 cr as debt woes mount
Revenue climbed to ₹4.94 cr, but high costs and a ₹19.18 cr unpaid settlement leave the company in a precarious financial position.
— 1 earlier story on SVC Industries Ltd. →What's new
- Revenue grew to ₹4.94 cr from ₹2.51 cr, fueled by agri-product trading.
- Net losses deepened to ₹2.57 cr due to high depreciation and administrative costs.
- The company faces ₹19.18 cr in unpaid dues under a PICUP settlement.
Why this matters
The results confirm a pattern of rising costs outpacing revenue growth. With ongoing debenture negotiations and new tax notices, the company's path to stability is increasingly narrow.
What we're watching
- Progress on the PICUP settlement and debenture holder talks.
- Potential impact of new income tax notices on cash reserves.
- Whether the company can improve operational margins in FY27.
The full read
SVC Industries ended FY26 with a net loss of ₹2.57 crore, a sharp increase from the ₹1.58 crore loss recorded in the prior year. While revenue nearly doubled to ₹4.94 crore from ₹2.51 crore on the back of agri-product trading, the company failed to convert that growth into profit. High depreciation and administrative costs continue to weigh on the bottom line. The balance sheet remains under severe pressure. The company owes ₹19.18 crore under a One-Time Settlement with PICUP and is still in talks with debenture holders to resolve outstanding obligations. New income tax notices for multiple assessment years further complicate the outlook. This is a company struggling to manage its fixed costs while navigating a heavy debt burden. The financial trajectory remains distressed.
Questions answered
- What drove the revenue increase for SVC Industries?
- The company reported revenue of ₹4.94 crore for FY26, up from ₹2.51 crore the previous year, primarily due to higher volumes in its agri-product trading business.
- Why did the net loss widen despite higher revenue?
- Net losses increased to ₹2.57 crore from ₹1.58 crore because administrative costs and depreciation expenses were high relative to the income generated.
- What is the status of the company's debt obligations?
- SVC Industries has ₹19.18 crore in unpaid dues related to a One-Time Settlement with PICUP. It is also currently negotiating with debenture holders.
- Are there additional risks to the company's balance sheet?
- Yes, the company has received new income tax notices for multiple assessment years, which adds to its contingent liability risk.
Story so far
All notes on ATVPETRO →- 28 May 2026 · 7:12 PM IST SVC Industries losses widen to ₹2.57 cr as debt woes mount
- today SVC Industries losses widen as debt and tax pressures mount