SPA Capital Services quarterly results and financials

SPA Capital Services (BSE 542376)₹182.00−1.17%(6 Nov 2026 close)Other Financial Services

Key facts

In the Mar 2026 quarter (standalone), SPA Capital Services reported sales of ₹10.92 Cr, down 21.8% from Mar 2025, and net profit of ₹0.43 Cr, up 258.3% year on year. For the year to Mar 2026, sales were ₹38.50 Cr and net profit ₹0.82 Cr.

Sales (Mar 2026): ₹10.92 Cr
Net profit (Mar 2026): ₹0.43 Cr
Sales (FY Mar 2026): ₹38.50 Cr
Net profit (FY Mar 2026): ₹0.82 Cr
EPS (Mar 2026): ₹1.42
Borrowings (Mar 2026): ₹16.86 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

SPA Capital Services quarterly results

₹ crore unless stated; each column is a quarter.

SPA Capital Services Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	3.10	4.57	7.23	6.10	4.05	8.80	6.03	13.97	10.65	8.73	8.19	10.92
Expenses	2.91	4.36	6.98	6.14	3.78	8.51	5.76	13.52	10.29	8.63	7.77	10.23
Operating Profit	0.22	0.24	0.30	−0.02	0.30	0.33	0.31	0.51	0.42	0.14	0.47	0.75
OPM %	6.8%	5.1%	4.0%	−0.2%	7.2%	3.7%	5.0%	3.6%	3.9%	1.5%	5.7%	6.8%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−0.07
Interest	0.05	0.06	0.12	0.13	0.11	0.09	0.08	0.10	0.06	0.03	0.03	0.11
Depreciation	0.03	0.02	0.02	0.02	0.02	0.02	0.04	0.10	0.08	0.07	0.13	0.08
Profit before tax	0.10	0.12	0.14	−0.17	0.13	0.20	0.17	0.31	0.26	0.00	0.27	0.46
Tax %	18.2%	23.1%	−38.5%	−116.7%	28.5%	26.3%	27.7%	63.3%	24.0%	100.0%	25.0%	6.4%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.10	0.11	0.16	0.04	0.11	0.15	0.13	0.12	0.20	0.00	0.22	0.43
EPS (Rs)	0.28	0.32	0.54	0.09	0.32	0.45	0.45	0.35	0.61	0.00	0.67	1.42

SPA Capital Services profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

SPA Capital Services Profit and loss
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	99.49	86.35	98.19	32.57	30.85	16.33	16.55	21.03	32.83	38.50	38.49
Expenses	96.89	82.25	94.96	30.62	30.95	15.45	15.83	20.33	31.34	36.96	36.92
Operating Profit	3.14	4.37	3.66	2.09	0.04	0.96	0.80	0.79	1.63	1.74	1.78
OPM %	3.2%	5.1%	3.7%	6.4%	0.1%	5.8%	4.8%	3.7%	5.0%	4.5%	4.6%
Other Income	0.17	0.04	−0.07	0.03	0.09	0.06	0.05	−0.07	−0.22	−0.07	−0.07
Interest	0.97	1.83	2.03	1.01	0.50	0.44	0.31	0.38	0.41	0.26	0.23
Depreciation	0.58	0.49	0.45	0.39	0.30	0.19	0.18	0.12	0.20	0.38	0.36
Profit before tax	1.73	2.06	1.08	0.67	−0.72	0.34	0.33	0.19	0.81	1.00	0.99
Tax %	32.0%	34.1%	47.7%	77.9%	−31.0%	34.3%	20.6%	−95.0%	38.7%	16.8%	—
Exceptional items	0.02	−0.04	−0.05	0.00	−0.09	0.00	0.00	−0.06	−0.13	−0.06	0.00
Net Profit	1.17	1.36	0.58	0.17	−0.50	0.24	0.28	0.39	0.50	0.82	0.85
EPS (Rs)	13.20	4.38	1.84	0.51	−1.58	0.74	0.87	1.23	1.58	2.69	2.70
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

SPA Capital Services balance sheet

₹ crore, at each year end.

SPA Capital Services Balance sheet
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.88	3.07	3.07	3.07	3.06	3.07	3.06	3.07	3.06	3.07
Reserves	14.59	13.78	14.17	13.40	12.52	12.76	13.01	13.42	13.90	14.75
Borrowings	12.10	31.27	14.00	25.15	22.97	23.57	21.64	24.36	21.78	16.86
Other Liabilities	3.72	6.39	27.98	15.59	4.90	2.38	4.20	2.13	1.96	1.85
Total Liabilities	31.29	54.51	59.22	57.21	43.45	41.78	41.91	42.98	40.70	36.53
Fixed Assets	1.99	1.67	1.68	1.21	0.82	0.68	0.49	0.54	2.12	1.73
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.00	0.00	0.00
Investments	5.45	5.45	5.45	5.25	4.88	4.88	4.34	9.79	2.71	5.12
Other Assets	23.85	47.39	52.09	50.75	37.75	36.22	37.00	32.65	35.87	29.68
Inventories	0.08	24.94	0.00	0.00	0.00	0.00	0.00	14.64	16.62	13.63
Trade receivables	6.03	5.31	4.88	2.81	1.92	1.52	1.61	1.37	2.02	2.46
Cash & equivalents	0.86	0.49	0.31	0.28	0.26	0.21	0.19	0.15	0.22	0.09
Total Assets	31.29	54.51	59.22	57.21	43.45	41.78	41.91	42.98	40.70	36.53

SPA Capital Services cash flow

₹ crore, for each year.

SPA Capital Services Cash flow
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−3.81	−17.66	−0.95	−12.05	4.96	0.00	2.36	3.28	−2.77	7.26
Cash from investing activity	0.50	−0.18	−0.81	0.83	0.00	−0.05	−0.03	−5.61	5.72	−2.07
Cash from financing activity	2.78	17.42	1.59	11.12	−4.98	0.00	−2.34	2.31	−2.91	−5.30
Net cash flow	−0.52	−0.38	−0.19	−0.04	−0.03	−0.06	−0.03	−0.05	0.08	−0.14
Capex	0.19	0.26	0.64	0.04	0.05	0.08	0.06	0.20	1.78	0.09
Free cash flow	−3.88	−17.81	−1.47	−11.97	4.96	−0.08	2.31	3.10	−4.54	7.21
CFO / OP %	−103.0%	−387.0%	−4.0%	−577.0%	16,467.0%	12.0%	297.0%	419.0%	−156.0%	429.0%

SPA Capital Services ratios

Working-capital days and returns, by year.

SPA Capital Services Ratios
	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	22	22	18	31	23	34	35	24	22	23
Inventory days	2	342	0	—	0	0	0	812	490	264
Days payable	27	44	—	—	—	—	—	51	13	3
Cash conversion cycle	−2	322	19	32	24	35	36	786	501	285
Working capital days	34	48	−96	−165	−10	24	−33	262	234	168
ROCE %	—	10.3%	8.0%	4.7%	−0.3%	2.0%	1.7%	1.6%	3.6%	3.6%

SPA Capital Services: frequently asked questions

What are the latest quarterly results of SPA Capital Services?

For the Mar 2026 quarter, SPA Capital Services reported sales of ₹10.92 Cr, down 21.8% year on year and net profit of ₹0.43 Cr, up 258.3% year on year. The operating margin was 6.8%.

What is the annual revenue of SPA Capital Services?

SPA Capital Services' sales for the year to Mar 2026 were ₹38.50 Cr; over the last twelve months they were ₹38.49 Cr.

What is the net profit of SPA Capital Services?

Net profit for the year to Mar 2026 was ₹0.82 Cr, and ₹0.85 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.70.

How much debt does SPA Capital Services have?

SPA Capital Services reported borrowings of ₹16.86 Cr at Mar 2026, against cash and equivalents of ₹0.09 Cr.

What is the free cash flow of SPA Capital Services?

Cash from operations was ₹7.26 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹7.21 Cr.

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