Scoobee Day Garments Reports FY2026 Loss Amidst Revenue Decline

Scoobee Day Garments (India) Limited has reported a net loss of ₹5.51 crore for the year ended March 31, 2026. This marks a significant downturn compared to a profit of ₹1.91 crore in the previous fiscal year.

Reader Takeaway: Net loss highlights operational challenges, while asset revaluation offers a balance sheet boost.

What just happened

The company announced its financial results for the fiscal year 2026, revealing a loss of ₹5.51 crore against a revenue of ₹32.75 crore. In the fiscal year 2025, the company had reported revenue of ₹46.50 crore and a profit of ₹1.91 crore. This indicates a substantial year-on-year decline in both top-line and bottom-line performance.

Why this matters

For investors, the shift from profitability to a net loss is a key concern. The decline in revenue and the unprofitability in the core Garments segment suggest underlying operational challenges that need to be addressed.

The backstory

Scoobee Day Garments (India) Limited operates in the garments sector, with a smaller contribution from aluminium roofing. The company recently completed a rights issue and revalued its land and building assets.

What changes now

The company has raised ₹30.78 crore through a rights issue, which was used to adjust unsecured loans and for general corporate purposes. Additionally, a revaluation of land and buildings resulted in a surplus of ₹64.36 crore recognised in Other Comprehensive Income, strengthening the equity base without impacting cash flow.

Risks to watch

The primary risks include the continued revenue decline and the persistent losses in the Garments segment. Investors will be watching closely to see if the company can turn around its core operations and achieve profitability.

Peer comparison

(No peer comparison data available in the filing)

Context metrics (time-bound)

• Revenue: ₹32.75 crore in FY2026, down from ₹46.50 crore in FY2025 (-29.57%).
• Net Profit/(Loss): ₹-5.51 crore in FY2026, compared to ₹1.91 crore profit in FY2025.
• Basic EPS: ₹-3.66 in FY2026, down from ₹1.41 in FY2025.
• Rights Issue: ₹30.78 crore completed.
• Asset Revaluation Surplus: ₹64.36 crore.

What to track next

Investors should monitor the company's ability to improve operational efficiency, particularly in the Garments segment, and the effective utilization of the capital raised from the rights issue in future financial periods.