Sawaca's revenue halved, losses widened in FY26
Annual revenue fell 54% to ₹38 crore. The company posted a wider net loss for the full year.
What's new
- FY26 revenue dropped 54% to ₹37.97 crore from ₹82.25 crore in FY25.
- Full-year net loss widened to ₹41.16 lakhs from ₹34.90 lakhs in the prior year.
- Q4 alone saw a loss of ₹1.06 crore on revenue of ₹12.37 crore.
Why this matters
A 54% revenue collapse for a company already posting losses is a severe deterioration. The widening full-year loss indicates the cost structure did not adjust as the top line fell. The company is now smaller and less profitable than a year ago.
What we're watching
- The reason for the revenue collapse in the next earnings call.
- Whether the new internal auditors flag any governance issues.
- The company's cash reserves and liquidity position.
The full read
Sawaca Enterprises' top line fell apart. Revenue for the fiscal year ended March 2026 was ₹37.97 crore, a 54% drop from ₹82.25 crore in FY25. The company also posted a wider full-year net loss of ₹41.16 lakhs versus ₹34.90 lakhs the year before. The damage was concentrated in the fourth quarter, where a loss of ₹1.06 crore was booked on revenue of ₹12.37 crore. Alongside the numbers, the board brought in new auditors, appointing M/s. Shah & Shah for FY27. For a nano-cap already in the red, the revenue collapse is the critical issue. A 54% sales decline demands an immediate explanation on cost control and the path back to positive cash flow.
Questions answered
- How much did Sawaca's revenue fall in FY26?
- Sawaca's revenue dropped 54% year-on-year, from ₹82.25 crore to ₹37.97 crore. This is a contraction of ₹44.28 crore in annual sales.
- Did the company's losses improve or worsen?
- Losses widened. The net loss for the full year was ₹41.16 lakhs, up from a loss of ₹34.90 lakhs in FY25. The Q4 loss alone was ₹1.06 crore.
- What was Q4 performance like?
- Q4 saw a loss of ₹1.06 crore on revenue of ₹12.37 crore. The filing notes this was a slight sequential uptick in quarterly revenue, but still resulted in a significant quarterly loss.
- What other corporate action was taken alongside the results?
- The board approved the appointment of M/s. Shah & Shah as the company's internal auditors for the 2026-27 fiscal year.