Spectraa Technology FY26 profit more than doubled to Rs 11.56 crore

Spectraa Technology’s FY26 profit more than doubled to Rs 11.56 crore from Rs 4.91 crore in FY25, as revenue from operations rose 34.6% to Rs 101.16 crore. The year ended March 31, 2026 also included higher long-term borrowings and Rs 12.58 crore of property, plant and equipment purchases.

How did Spectraa Technology’s FY26 profit more than double?

Spectraa Technology’s FY26 profit rose 135.2% because total income increased faster than total expenses. Revenue from operations reached Rs 101.16 crore in the year ended March 31, 2026, compared with Rs 75.17 crore in FY25, while other income increased to Rs 1.88 crore from Rs 0.36 crore. Total income therefore rose to Rs 103.05 crore from Rs 75.53 crore.

Total expenses were Rs 87.57 crore in FY26, compared with Rs 68.03 crore in FY25. Profit before tax consequently increased to Rs 15.48 crore from Rs 7.50 crore, and profit for the period increased to Rs 11.56 crore from Rs 4.91 crore. Current tax rose to Rs 4.02 crore from Rs 2.31 crore, while deferred tax was a Rs 0.10 crore charge in FY26 rather than a Rs 0.27 crore addition in FY25.

The three-year comparison shows that FY26 followed a decline in FY25 revenue rather than an uninterrupted increase. FY25 revenue was 15.5% below FY24’s Rs 88.96 crore, whereas FY26 revenue was 13.7% above the FY24 level. Profit for the period rose from Rs 2.00 crore in FY24 to Rs 11.56 crore in FY26, and the financial summary reports no exceptional or extraordinary items in any of the three years.

What changed in Spectraa Technology’s costs and margins?

Spectraa Technology’s profit-for-period-to-revenue ratio rose to 11.4% in FY26 from 6.5% in FY25 and 2.3% in FY24, based on reported profit and revenue from operations. Basic and diluted earnings per share, or EPS, after the bonus issue were Rs 11.45 in FY26, compared with Rs 4.87 in FY25 and Rs 1.99 in FY24.

Cost of materials consumed rose 26.8% to Rs 51.01 crore in FY26 from Rs 40.24 crore in FY25, below the 34.6% growth in revenue. Employee benefit expense was Rs 16.05 crore, compared with Rs 16.17 crore a year earlier. Other expenses increased to Rs 12.26 crore from Rs 9.87 crore, while changes in work-in-progress inventory were an expense of Rs 2.57 crore after a Rs 1.25 crore reduction in FY25.

Spectraa Technology also reported higher financing and non-cash charges in FY26. Finance cost increased to Rs 3.96 crore from Rs 2.16 crore, while depreciation and amortisation rose to Rs 1.71 crore from Rs 0.84 crore. These items together increased by Rs 2.67 crore during FY26 and remained part of the company’s reported total expenses of Rs 87.57 crore.

Why did borrowing and capital expenditure rise in FY26?

Spectraa Technology’s long-term borrowings rose to Rs 13.10 crore at March 31, 2026 from Rs 3.76 crore a year earlier. The FY26 cash-flow statement records Rs 14.91 crore of proceeds from long-term borrowings and Rs 3.79 crore of repayments. Short-term borrowings were Rs 13.86 crore at FY26-end, compared with Rs 13.45 crore at March 31, 2025.

Property, plant and equipment increased to Rs 20.33 crore at March 31, 2026 from Rs 8.23 crore at March 31, 2025. The cash-flow statement records Rs 12.58 crore spent on purchases of property, plant and equipment in FY26, compared with Rs 1.79 crore in FY25. The financial summary does not identify the individual assets acquired through this spending.

Combined stated long-term and short-term borrowings were Rs 26.96 crore at March 31, 2026, against Rs 17.21 crore a year earlier. Finance cost increased by Rs 1.80 crore to Rs 3.96 crore over the same period. The balance-sheet summary also records Rs 1.71 crore of depreciation and amortisation expense in FY26, compared with Rs 0.84 crore in FY25.

What do working-capital and cash-flow figures show?

Spectraa Technology’s FY26 balance sheet showed higher trade receivables and lower inventories. Trade receivables increased to Rs 44.47 crore at March 31, 2026 from Rs 42.86 crore a year earlier, while inventory fell to Rs 10.31 crore from Rs 15.29 crore. Short-term loans and advances declined to Rs 25.35 crore from Rs 28.00 crore.

Trade payables due to creditors other than micro and small enterprises increased to Rs 33.37 crore from Rs 19.35 crore. Other current liabilities, however, declined to Rs 18.82 crore from Rs 40.24 crore. The cash-flow statement reports a Rs 5.91 crore increase in trade payables, a Rs 23.23 crore decrease in other current liabilities and a Rs 4.99 crore inventory movement during FY26.

The cash-flow table reports operating profit before working-capital changes of Rs 19.93 crore in FY26 and cash generated from operations of negative Rs 9.74 crore after the listed changes. It then records direct taxes paid of negative Rs 2.21 crore and labels net cash used in operating activities as Rs 7.98 crore. The displayed operating cash-flow subtotals do not arithmetically reconcile with that final labelled figure, although cash and cash equivalents rose to Rs 5.44 crore at March 31, 2026 from Rs 0.52 crore a year earlier.

How did Spectraa Technology’s FY26 balance sheet change?

Spectraa Technology’s total equity and liabilities increased to Rs 106.29 crore at March 31, 2026 from Rs 100.00 crore at March 31, 2025. Share capital increased to Rs 10.09 crore from Rs 1.12 crore, while reserves and surplus rose to Rs 14.72 crore from Rs 12.00 crore. The FY26 financing cash-flow section reports no proceeds or buyback of equity share capital.

The asset mix changed alongside the increase in property, plant and equipment. Non-current investments fell to Rs 0.12 crore at March 31, 2026 from Rs 3.51 crore a year earlier, while cash and cash equivalents increased by Rs 4.92 crore to Rs 5.44 crore. Total assets were Rs 106.29 crore at FY26-end, matching total equity and liabilities in the consolidated financial summary.

Conclusion

Spectraa Technology’s FY26 result combined a revenue rebound to Rs 101.16 crore with profit for the period of Rs 11.56 crore. Materials consumed increased more slowly than revenue and employee benefit expense was broadly unchanged, while profit before tax rose to Rs 15.48 crore despite higher finance cost and depreciation.

The next disclosed financial update can show the effect of Rs 12.58 crore of FY26 property, plant and equipment purchases and Rs 14.91 crore of long-term borrowing proceeds on revenue, debt and cash generation. It can also provide the detailed financial-statement context for the operating cash-flow presentation, where the FY26 subtotals in the supplied summary do not reconcile to the reported Rs 7.98 crore final operating cash-flow figure.