Suryachakra Power FY26 Loss Reaches ₹164.49 Lakh

Suryachakra Power Corporation Limited reported a standalone net loss of ₹164.49 lakh for the financial year ended March 31, 2026. The company had no revenue from operations during FY26, while total expenses rose to ₹166.49 lakh. Its Board of Directors approved the standalone results for the quarter and year ended March 31, 2026, at a meeting on May 30, 2026. The results reflect an entity whose business operations have not yet commenced following the NCLT-led sale and restructuring process.

FY26 loss widens from previous year

The FY26 loss before tax and net loss stood at ₹164.49 lakh, compared with a loss of ₹7.90 lakh in FY25. The year-on-year increase was primarily linked to a substantial rise in other expenses. Total expenses increased from ₹7.90 lakh in FY25 to ₹166.49 lakh in FY26. Since the company reported no revenue from operations in either year, the movement in expenses had a direct effect on the reported loss.

No operating revenue recorded

Revenue from operations was nil for FY26. The company recorded other income of ₹2 lakh, which represented its entire total income for the year. With operating activity yet to begin, the financial statements do not show income from the generation or sale of electricity. The absence of operating revenue remains the central feature of the company’s annual performance.

Other expenses drove annual cost increase

Other expenses amounted to ₹164.19 lakh in FY26 and formed the bulk of the company’s annual expenditure. Employee benefits expense stood at ₹2.29 lakh, while finance costs were ₹0.01 lakh. Together, these items took total expenses to ₹166.49 lakh. The ₹2 lakh of other income was insufficient to offset these costs, resulting in the reported annual loss of ₹164.49 lakh.

Q4FY26 loss rises sharply

For the quarter ended March 31, 2026, Suryachakra Power reported a net loss of ₹157.33 lakh. This was significantly higher than the loss of ₹2.20 lakh recorded in the quarter ended December 31, 2025. The company also reported zero revenue from operations in Q4FY26. The quarterly outcome accounted for most of the FY26 loss and coincided with the period in which the annual expense total increased sharply.

FY26 financial performance at a glance

Earnings per share reflects larger loss

Basic and diluted earnings per share for FY26 were negative ₹8.48, compared with negative ₹0.41 in FY25. The change mirrors the substantially higher loss reported for the year. Earlier FY26 disclosures had stated that paid-up equity share capital and earnings per share were nil for certain interim reporting periods. The annual financial statements also refer to an equity restructuring following the NCLT process.

Capital structure was reworked

The pre-existing paid-up share capital of approximately ₹14,963 lakh was reversed, with the net balance transferred to a capital reserve. According to the disclosed restructuring details, M/s Reddy Investments Private Limited holds 100% ownership following the process. The company’s earlier disclosures said that the NCLT, Hyderabad Bench, had initiated liquidation proceedings on September 1, 2022. They also stated that an order dated July 18, 2024 approved sale of the company as a going concern to Indo Aquatics Limited, with the assignment made to Reddy Investments Private Limited.

Going-concern status follows sale process

The financial statements describe Suryachakra Power as a going concern following a sale certificate issued by the NCLT on June 14, 2023. This status is important because the company has not recorded operating revenue while the ownership and capital structure have been reorganised. Earlier quarterly disclosures had consistently said that business operations had not commenced. The FY26 result continues that pattern, with nil operating revenue for both the fourth quarter and the full year.

Cash flows show operating outflow

The FY26 cash flow statement recorded a net decrease in cash and cash equivalents of ₹5.02 lakh. Cash generated from operations was negative ₹159.01 lakh, reflecting the year’s operating outflows. Investing activities provided a net inflow of ₹154 lakh, largely due to interest received. The investing inflow offset much, but not all, of the operating cash outflow during the year.

Recent quarterly record

What the FY26 result means

The FY26 numbers show that Suryachakra Power’s reported performance was shaped by expenses and restructuring-related circumstances rather than by electricity generation or sales. The company remains an India-based entity engaged in the generation and sale of electricity, but its disclosures state that operations have not commenced. For investors, the key reported indicators are nil operating revenue, higher other expenses, negative operating cash flow and the revised ownership structure. The next financial disclosures will indicate whether the company reports progress on commencement of operations or further developments under the restructured structure.

Conclusion

Suryachakra Power closed FY26 with a loss of ₹164.49 lakh against nil revenue from operations, compared with a ₹7.90 lakh loss in FY25. The Board approved the results on May 30, 2026, after a year marked by higher expenses, cash outflows and the continuing effects of the NCLT-led restructuring. Future announcements will be relevant for updates on business operations and the company’s post-sale structure.