Standard Capital Markets reported a net loss of Rs 62.82 crore for the June 2026 quarter, primarily due to provisions under RBI's IRACP norms. The company has no outstanding Non-Convertible Debentures.
Standard Capital Markets Reports Q1 FY27 Net Loss of Rs 62.82 Crore
Net Loss: Rs. 62.82 crore; Total Income: Rs. 10.84 crore Reader Takeaway: Asset provisions hit earnings; management confident in asset recovery, debt is cleared. ## What just happened Standard Capital Markets Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated net loss of Rs. 62.82 crore. This significant loss is attributed to provisions made under the Reserve Bank of India's Income Recognition, Asset Classification, and Provisioning (IRACP) norms for distressed assets. ## Why this matters The shift from a profit of Rs. 77.59 crore in the previous quarter (ended March 31, 2026) to a substantial loss highlights the immediate impact of provisioning on the company's bottom line. Investors will be watching how these provisions affect future profitability and asset recovery efforts. ## The backstory In the quarter ended March 31, 2026, Standard Capital Markets had reported a net profit of Rs. 77.59 crore on total income of Rs. 186.36 crore. The year-ago period, June 30, 2025, saw a net profit of Rs. 14.69 crore on total income of Rs. 68.00 crore. The current quarter's results mark a sharp departure from recent profitability. ## What changes now While the company has successfully redeemed all its Non-Convertible Debentures (NCDs), leaving no NCDs outstanding as of June 30, 2026, the focus now shifts to the recovery of distressed assets. The company has also arranged a bank guarantee of Rs. 6.91 crore for an approved resolution plan. A subsidiary, KRV Brooms Private Limited, was disposed of, and Standard ARC Limited received an investment infusion. ## Risks to watch The primary risk for investors is the uncertainty surrounding the full recovery of the provisions made for distressed assets. While management is confident, the actual realization of these amounts will be crucial for the company's financial health and return to profitability. ## Peer comparison (No specific peer data available in the filing) ## Context metrics (time-bound) | Metric | Q1 FY27 (June 30, 2026) | Q4 FY26 (March 31, 2026) | Q1 FY26 (June 30, 2025) | | :--- | :--- | :--- | :--- | | Total Income (Rs. cr) | 10.84 | 186.36 | 68.00 | | Net Profit/(Loss) (Rs. cr) | (62.82) | 77.59 | 14.69 | | EPS (Rs.) | (0.256) | 0.316 | 0.071 | ## What to track next Investors should closely monitor future quarterly results, specifically focusing on the progress of asset recovery and any updates on the resolution plan. The company's ability to manage its provisions and return to consistent profitability will be key indicators.
