Sprayking profits tumble as consolidated revenue stalls
Sprayking reported a sharp decline in annual net profit despite a rise in standalone revenue, while consolidated revenue remained flat. The bottom line is under pressure.
What's new
- Standalone revenue rose to ₹53.98 cr from ₹31.49 cr.
- Standalone net profit dropped to ₹37.69 lakhs from ₹282.26 lakhs.
- Consolidated revenue remained flat at approximately ₹129 cr.
Why this matters
The company's inability to convert revenue growth into bottom-line gains is a clear warning sign. With consolidated profits falling by more than 70%, the business is struggling to maintain margins.
What we're watching
- Whether the company can stabilize its margins in the coming quarters.
- Any management commentary explaining the sharp profit contraction.
- Future consolidated revenue growth beyond the current flat trajectory.
The full read
Sprayking's latest annual results show a company struggling with profitability. While standalone revenue climbed to ₹53.98 crore from ₹31.49 crore, the bottom line failed to keep pace. Standalone net profit plummeted to ₹37.69 lakh from ₹282.26 lakh.
Margins are failing.
The consolidated picture is equally strained, as revenue remained flat at approximately ₹129 crore, yet net profit fell sharply to ₹198.26 lakh from ₹727.60 lakh. For a nano-cap firm, these results suggest significant pressure on margins that revenue growth alone is not solving, and the divergence between top-line performance and bottom-line contraction is the central issue for investors to monitor.
Questions answered
- How did Sprayking's standalone performance compare to the prior year?
- Standalone revenue grew to ₹53.98 crore from ₹31.49 crore, but net profit fell significantly to ₹37.69 lakh from ₹282.26 lakh.
- What was the trend in consolidated revenue?
- Consolidated revenue remained flat at approximately ₹129 crore for the year ended March 31, 2026.
- How much did consolidated net profit fall?
- Consolidated net profit dropped to ₹198.26 lakh from ₹727.60 lakh in the previous year.