Surya Chakra Power Corporation reported a standalone net loss of ₹576 lakh for the quarter ended June 2026, marking a significant deterioration from the ₹143 lakh loss recorded in the preceding quarter, according to the latest financial results. This represents a 303% quarter-on-quarter increase in losses, with the company maintaining zero revenue from operations for the period. The company's financial performance shows a dramatic worsening compared to both the previous quarter and the same quarter last year, indicating substantial operational challenges during the June 2026 quarter.
The company reported nil sales for both the quarter ended June 2026 and the corresponding quarter of the previous year ended June 2025, as reported by Business Standard. However, the latest results reveal that total expenses rose to ₹576 lakh in Q1FY26, compared to ₹143 lakh in Q4FY26 and ₹114 lakh in Q1FY25. Other expenses accounted for ₹545 lakh of the total expenditure, representing approximately 95% of the cost base, while employee benefits expense contributed ₹30 lakh and finance costs were negligible at ₹0 lakh. This concentration indicates that the current burn rate is driven predominantly by non-payroll administrative or restructuring-related costs rather than core operational overheads.
The financial results show that Surya Chakra Power Corporation's net loss increased significantly from ₹114 lakh in Q1FY25 to ₹576 lakh in Q1FY26, representing a 360% year-on-year increase. Despite maintaining zero sales revenue in both quarters, the company's financial position deteriorated substantially, suggesting potential operational challenges or increased costs during the June 2026 quarter. The company's basic earnings per share (EPS) stood at ₹(0.30) for Q1FY26, compared to ₹(0.06) in Q1FY25 and ₹(0.07) in Q4FY26.
The company continues its restructuring process following its sale as a going concern under the Insolvency and Bankruptcy Code (IBC), with Reddy Investments Private Limited (RIPL) now holding effective ownership rights following the NCLT-approved sale. The company remains wholly owned by Reddy Investments Private Limited post-IBC resolution and currently has no public shareholders on record. Statutory auditors Bhanumurali & Co issued an unmodified review report on the standalone financial results, noting that the statements comply with Ind AS 34 and SEBI Listing Regulations. The financial results were approved by the Board of Directors on August 14, 2026.
