Quarterly Result12 Feb 2026, 06:04 pm
SPA Capital Services Ltd. Approves Q3 Results with Rs. 3,14,20,700 Overstated Profit due to Non-Provision of Loss Assets
AI Summary
SPA Capital Services Ltd. has approved the financial results for the quarter and nine months ended December 31, 2025. The company's profits are overstated by Rs. 3,14,20,700 due to non-provision of loss assets on loans given to various parties, which is a departure from the NBFC guidelines issued by RBI. The company's records also indicate that an amount of Rs. 19,41,401/- and Rs. 58,007,212 have not been provided as interest expenses for the quarter and nine months ended respectively, which would have decreased the profits by the same amount and increased the loan liability.
Key Highlights
- SPA Capital Services Ltd. approves Q3 results with Rs. 3,14,20,700 overstated profit due to non-provision of loss assets.
- The company's records indicate that an amount of Rs. 19,41,401/- and Rs. 58,007,212 have not been provided as interest expenses for the quarter and nine months ended respectively.
- The overstatement of profits is due to a departure from the NBFC guidelines issued by RBI.
- The company's loan liability would have increased if the interest expenses were properly accounted for.
- The company's profits are overstated, affecting the financial health and performance of the company.
Price Impact
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