Financial Results for the Quarter Ended 31st December, 2025.
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 06 Apr 2026, 06:11 PM IST · BSE ID: 55f676c4-0f67-4c78-8c3a-5256c32b2a00
View Original BSE Filing (PDF)
💡
In Simple Terms
Sterling Powergensys lost money in the latest quarter and first nine months, with growing inventory and supplier debts.
🤖 AI Summary
- Q3 FY26 net loss INR 13.66 Lakhs on revenue INR 512.65 Lakhs — reversal from prior year profit
- 9M FY26 cumulative loss INR 63.64 Lakhs against revenue INR 674.55 Lakhs
- Company equity turned negative at INR (22.69) Lakhs as of December 31, 2025
- Trade payables jumped 32.6% to INR 1,775.74 Lakhs; inventory surged 263% to INR 583.61 Lakhs
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q3 FY26 Net Loss
INR 13.66 Lakhs
9M FY26 Net Loss
INR 63.64 Lakhs
9M FY26 Revenue from Operations
INR 674.55 Lakhs
Total Equity (December 31, 2025)
INR (22.69) Lakhs
Trade Payables
INR 1,775.74 Lakhs
Inventories
INR 583.61 Lakhs
Cash and Cash Equivalents
INR 0.40 Lakhs
🏢 How This Affects the Company
Revenue of INR 674.55 Lakhs over nine months reflects core solar systems and trading business operating at reduced scale. Negative equity signals structural profitability challenge.
Total equity flipped from INR 32.57 Lakhs (positive) to INR (22.69) Lakhs (negative), eroding shareholder capital. Non-current borrowings of INR 244.10 Lakhs remain material liability against negative equity base.
Inventory jumped 263% to INR 583.61 Lakhs in nine months, consuming cash and signaling potential working capital stress or excess stock position relative to sales pace.
Negative equity and rising payables (INR 1,775.74 Lakhs current trade payables) raise solvency concerns. Continued quarterly losses threaten debt covenant compliance and supplier relations.
👥 What This Means For Shareholders
✅
Action Required
Monitor next quarter results closely; track compliance with any debt covenants and assess cash burn trajectory over next two quarters.
👤
Who Is Affected
All equity shareholders — negative equity of INR (22.69) Lakhs erodes their capital position. Current payables of INR 1,775.74 Lakhs against total assets of INR 2,687.27 Lakhs means creditors rank ahead in liquidation.
🔍
Management Signal
Continued losses and equity deterioration despite cost cuts signal business fundamentals have not stabilized; revenue recovery or structural expense reduction is urgent.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q4 FY26 results due June 2026 — verify if revenue sustains above INR 674.55 Lakhs 9M run rate
Debt covenant compliance letters — confirm non-current borrowings INR 244.10 Lakhs remain within agreed ratios
Working capital statement next quarter — track if inventory INR 583.61 Lakhs converts to sales and reduces payables
HIGH RISK
Negative equity, acute cash shortage (INR 0.40 Lakhs), rising payables (INR 1,775.74 Lakhs), and persistent losses create insolvency risk.
💡 Investor Takeaway
Sterling Powergensys posted 9M loss of INR 63.64 Lakhs on revenue of INR 674.55 Lakhs. Shareholder equity turned negative at INR (22.69) Lakhs. Trade payables at INR 1,775.74 Lakhs exceed current capital base, raising solvency questions.
⚖️ Strengths & Concerns
✅ Positives
- Cash generated from operations: INR 8.90 Lakhs in 9M period despite losses — working capital management adjusted payables favorably
- Non-current borrowings reduced to INR 244.10 Lakhs from INR 250.81 Lakhs — debt reduction trajectory demonstrated
⚠️ Concerns
- Negative equity of INR (22.69) Lakhs as of December 31, 2025 — balance sheet deteriorated from positive INR 32.57 Lakhs nine months prior
- Trade payables spiked 32.6% to INR 1,775.74 Lakhs with inventory up 263% to INR 583.61 Lakhs — working capital severely stressed
📅 Company Track Record
Sterling Powergensys (incorporated 1984, CIN L29213MH1984PLC034343) operates solar systems sales and trading. Prior year FY25 (full year ended March 31, 2025) showed profit of INR 18.89 Lakhs on revenue of INR 1,260.40 Lakhs, marking a sharp reversal into 9M FY26 loss trajectory.
Based on publicly available historical data. For context only.