SPA Capital Services Q2 FY27 Net Profit Rs. 0.407 Crore, Auditor Flags Concerns
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 03 Nov 2026, 05:27 PM IST · BSE ID: b2c856fc-2fee-49e6-9d57-cb5750a1c453
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its latest quarterly financial results, with auditors pointing out issues regarding unrecorded interest expenses and unprovided loan losses.
🤖 AI Summary
- Net Profit for Q2 FY27 reached Rs. 0.407 Crore, from Rs. 0.001 Crore in Q2 FY26.
- Total Revenue from Operations for Q2 FY27 stood at Rs. 15.626 Crore, compared to Rs. 8.752 Crore in Q2 FY26.
- Auditors highlighted unprovided interest expenses of Rs. 19,35,100 for Q2 FY27 on outstanding loans.
- Auditors noted non-provision of Rs. 3,14,20,700 for loss assets on loans given to various parties.
- The Board of Directors approved the unaudited financial results on November 3, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Revenue from operations Q2 FY27
15.626 Rs. In Crore
Total Revenue from operations Q2 FY26
8.752 Rs. In Crore
Profit / (loss) for the period Q2 FY27
0.407 Rs. In Crore
Profit / (loss) for the period Q2 FY26
0.001 Rs. In Crore
Unprovided Interest Expenses Q2 FY27
19,35,100 Rs.
Non-provision for Loss Assets
3,14,20,700 Rs.
Basic EPS Q2 FY27
1.318 Rs. per share
🏢 How This Affects the Company
The financial results indicate continued revenue generation from operations, with a significant increase in sale of services year-over-year. Interest income for Q2 FY27 was Rs. 0.060 Crore.
Net profit for Q2 FY27 was Rs. 0.407 Crore. The auditor's emphasis on non-provision for interest expenses of Rs. 19,35,100 and non-provision for loss assets of Rs. 3,14,20,700 implies an overstatement of reported profits.
The auditor's emphasis of matters points to a departure from accrual accounting and NBFC guidelines for asset provisioning, which introduces financial reporting risks regarding the accuracy of reported profits and asset valuations.
👥 What This Means For Shareholders
✅
Action Required
No action is required based on this specific financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported financial performance and the auditor's observations concerning potential overstatement of profits and asset values due to non-compliance with accounting and NBFC norms.
🔍
Management Signal
The management's approval of results with the auditor's emphasis suggests acknowledgment of the accounting practices and the identified areas of non-provisioning.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results – observe if auditor's observations are addressed.
Company disclosures on compliance with NBFC guidelines for asset classification.
Future disclosures on interest provisioning for outstanding loans.
HIGH RISK
Auditor's Emphasis of Matters highlights material deviations from accounting principles and NBFC guidelines, indicating potential misstatement of financial figures.
💡 Investor Takeaway
SPA Capital Services reported Q2 FY27 Net Profit of Rs. 0.407 Crore, up from Rs. 0.001 Crore in Q2 FY26. Total Revenue from Operations rose to Rs. 15.626 Crore. Auditors noted profits were overstated by Rs. 3,14,20,700 due to non-provision of loss assets and Rs. 19,35,100 for unprovided interest.
⚖️ Strengths & Concerns
✅ Positives
- Total Revenue from Operations for Q2 FY27 increased to Rs. 15.626 Crore from Rs. 8.752 Crore in Q2 FY26.
- Net Profit for Q2 FY27 was Rs. 0.407 Crore, a substantial increase from Rs. 0.001 Crore in Q2 FY26.
⚠️ Concerns
- Auditors noted unprovided interest expenses of Rs. 19,35,100 for Q2 FY27 on outstanding loans, departing from accrual accounting.
- Auditors identified non-provision for loss assets of Rs. 3,14,20,700 on loans given, which overstates profit and loan assets according to NBFC guidelines.
❓ Frequently Asked Questions
What was SPA Capital Services' Net Profit for Q2 FY27?
SPA Capital Services reported a Net Profit of Rs. 0.407 Crore for the quarter ended September 30, 2026 (Q2 FY27).
What were the total revenues from operations for SPA Capital Services in Q2 FY27?
The total revenues from operations for SPA Capital Services in Q2 FY27 were Rs. 15.626 Crore.
What specific concerns did the auditors raise for SPA Capital Services in Q2 FY27?
Auditors emphasized non-provision of Rs. 19,35,100 for interest expenses on certain loans and non-provision of Rs. 3,14,20,700 for loss assets on loans given, departing from accounting and NBFC guidelines.
How much were the unprovided interest expenses for SPA Capital Services in Q2 FY27?
The auditors noted that Rs. 19,35,100 in interest expenses on certain loans were not provided for the quarter ended September 30, 2026.
Questions based on this BSE filing only. For information purposes.