Sibar Auto Parts reported a standalone net loss of ₹93.98 lakh in Q1 FY2027, representing a significant deterioration from the net loss of ₹14.09 lakh recorded in the corresponding quarter of the previous year. According to the latest financial results, this marks a 633% increase in losses year-on-year for the auto parts manufacturer. The company's total income stood at ₹536.86 lakh while total expenses rose to ₹630.84 lakh from ₹600.97 lakh in Q1FY25, contributing to the widened loss position.
The company's revenue from operations fell 8.7% year-on-year to ₹532.67 lakh in Q1 FY2027 compared to ₹583.49 lakh in the same quarter of the previous year. As reported in the latest financial results, this revenue contraction coupled with higher operational costs led to the profit before tax deficit of ₹93.98 lakh. The earnings per share (basic and diluted) were negative at ₹(0.06) compared to ₹(0.01) in the previous year.
The company's employee benefits expense increased significantly to ₹109.51 lakh from ₹95.36 lakh in the corresponding quarter of the previous year, representing a substantial increase in operational costs. Other expenditure was ₹92.45 lakh during the quarter, while finance costs decreased to ₹1.19 lakh from ₹3.29 lakh in the prior year quarter. Despite the revenue decline, the company maintained its operating profit margin (OPM) at -15.76% in Q1 FY2026 from -0.17% in the corresponding quarter of the previous year, indicating better cost management.
During its meeting held on August 14, 2026, the Board of Directors approved the unaudited financial results for Q1FY27 along with the limited review report from statutory auditors Chunduru & Co. The Board reappointed Mr. Pemmasani Ravichandra (DIN: 00627413) as Managing Director for a term of three years, ensuring leadership continuity for the auto components manufacturer. The 43rd Annual General Meeting (AGM) is scheduled for September 28, 2026, with provisions for member participation via video conferencing or other audio-visual means.
