Sprayking Limited announced its annual financial results for the fiscal year ended March 31, 2026. The company reported a standalone net profit of ₹37.69 lakhs, a substantial decrease of 82.90% compared to the previous year’s profit of ₹281.76 lakhs. This decline in profitability, attributed to lower sales volumes and higher depreciation and finance costs, resulted in a significant drop in Return on Equity Ratio to 0.01%. The company anticipates improved results as its recently commissioned capacity is progressively utilized.
Financial Performance Overview
Sprayking Limited has released its annual financial report for the fiscal year ending March 31, 2026. The company’s standalone net profit for the year stood at ₹37.69 lakhs, marking a significant decrease of 82.90% from the ₹281.76 lakhs reported in the previous fiscal year. This sharp decline in profit is primarily due to lower sales volumes and increased depreciation and finance costs, impacting the company’s overall financial performance.
Key Financial Highlights (Standalone)
Revenue from operations for the year stood at ₹5349.48 lakhs, down from ₹6195.21 lakhs in the prior year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw a decrease, impacting profit before tax to ₹56.42 lakhs. Consequently, the Return on Equity Ratio fell to 0.01% from 0.07% in the previous year.
Consolidated Financial Performance
On a consolidated basis, Sprayking Limited reported a total income of ₹13163.52 lakhs. The consolidated net profit for the year was ₹363.31 lakhs, a decrease of 50.04% compared to the previous year’s ₹727.16 lakhs. The company expects performance to improve as new capacity is utilized.
Outlook and Strategy
Looking ahead, Sprayking Limited plans to focus on improving capacity utilization, enhancing its value-added product mix, rationalizing costs, and strengthening customer relationships. The company remains cautiously optimistic about the industry’s prospects but acknowledges potential risks from raw material price volatility and foreign exchange fluctuations.
Source: BSE
