Integrated Filing — IndAS



General information about company

Scrip Code 517273
NSE Symbol S&SPOWER
MSEI Symbol NOTLISTED
ISIN INE902B01017
Name of company S&S POWER SWITCHGEARS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 22-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 13-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 22-05-2026   10:00:00
End date and time of board meeting 22-05-2026   20:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 6,507.28 26,373.35
Other income (3.08) 305.93
Total income 6,504.20 26,679.28
2 Expenses
(a) Cost of materials consumed 4,823.73 18,021.79
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (913.04) (417.52)
(d) Employee benefit expense 1,340.94 5,121.49
(e) Finance costs 243.26 492.19
(f) Depreciation, depletion and amortisation expense 61.36 238.43
(f) Other Expenses
1 Other Expenses 762.23 2,661.97
Total other expenses 762.23 2,661.97
Total expenses 6,318.48 26,118.35
3 Total profit before exceptional items and tax 185.72 560.93
4 Exceptional items 0.00 0.00
5 Total profit before tax 185.72 560.93
6 Tax expense
7 Current tax 170.71 363.34
8 Deferred tax (175.22) (813.64)
9 Total tax expenses (4.51) (450.30)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 190.23 1,011.23
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 190.23 1,011.23
17 Other comprehensive income net of taxes 221.77 462.47
18 Total Comprehensive Income for the period 412.00 1,473.70
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 190.25 1,011.25
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 412.00 1,473.71
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,234.16 1,234.16
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 7,689.44
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.54 8.19
Diluted earnings (loss) per share from continuing operations 1.54 8.19
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.54 8.19
Diluted earnings (loss) per share from continuing and discontinued operations 1.54 8.19
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1) The above unaudited consolidated financial results have been reviewed by the Audit committee on 21st May 2026 and approved by the Board of Directors of the company at their meeting held on 22nd May 2026. 2) TheConsolidatedfinancialresultsarepreparedinaccordancewithIndianAccountingStandards(IndAS),theprovisionsoftheCompaniesAct,2013(theCompaniesAct),asapplicableandguidelinesissuedbytheSecuritiesandExchangeBoardofIndia(SEBI).TheIndASareprescribedunderSection133oftheActreadwithRule3of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016. 3) The Group has operations in India and UK which are classified as separate geographical segments as provided in Ind AS 108. 4) The Company granted Employee Stock Option (“ESOP”) to select employees in February 2025 (Tranche 1) and March 2026 (Tranche 2). In accordance with the applicable accounting standards, the ESOP compensation expense is being amortised over the three-year vesting period. Accordingly, employee benefit expenses for the current quarter include a non-cash charge of Rs.277.80 Lakhs towards ESOP amortization, and cumulatively a non-cash charge of Rs.620.08 Lakhs for the year ended March 31, 2026. (Comparatively the year ended March 31, 2025 had a non-cash charge of Rs. 74.95 Lakhs). 5) Previous period / year figures have been regrouped / reclassified to make them comparable with those of current period. 6) Thefiguresoflastquarterarethebalancingfiguresbetweenauditedfiguresinrespectofthefullfinancialyearandthepublishedyear-to-datefiguresuptothethirdquarter of the current financial year. [As laid down in the regulation 33(3)(e ) of SEBI (Listing Obligations and Disclosures Regulations, 2015)]



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,094.03
Capital work-in-progress 23.77
Investment property
Goodwill 6,164.58
Other intangible assets 93.67
Intangible assets under development 142.36
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 793.21
Total of other non-current financial assets 793.21
Total non-current financial assets 793.21
Deferred tax assets (net) 1,233.87
Other non-current assets
1 Other non-current assets 93.66
Total of other non-current assets 93.66
Total non-current assets 10,639.15
2 Current assets
Inventories 6,181.72
Current financial asset
Current investments 0.00
Trade receivables, current 6,810.55
Cash and cash equivalents 1,770.76
Bank balance other than cash and cash equivalents 858.64
Loans, current 0.00
Other current financial assets
Total of other current financial assets
Total current financial assets 9,439.95
Current tax assets (net) 145.66
Other current assets
1 Other current assets 935.25
Total of other current assets 935.25
Total current assets 16,702.58
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 27,341.73
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,234.16
Other equity 7,689.44
Total equity attributable to owners of parent 8,923.60
Non controlling interest 0.00
Total equity 8,923.60
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2,252.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liability 275.06
Total of other non-current financial liabilities 275.06
Total non-current financial liabilities 2,527.06
Provisions, non-current 3,286.18
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 5,813.24
Current liabilities
Current financial liabilities
Borrowings, current 1,354.22
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 596.67
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 9,266.01
Total Trade payable 9,862.68
Other current financial liabilities
1 Lease Liability 63.34
Total of other current financial liabilities 63.34
Total current financial liabilities 11,280.24
Other current liabilities 1,217.17
1 Other current liabilities 1,217.17
Total of other current liabilities 1,217.17
Provisions, current 107.48
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 12,604.89
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 18,418.13
Total equity and liabilites 27,341.73
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 India Segment 3,292.70 11,039.70
2 UK Segment 3,264.49 15,844.31
Total Segment Revenue 6,557.19 26,884.01
Less: Inter segment revenue 52.99 204.73
Revenue from operations 6,504.20 26,679.28
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 India Segment 390.49 483.43
2 UK Segment (204.76) 77.51
Total Profit before tax 185.73 560.94
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 185.73 560.94
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 India Segment 11,474.54 11,474.54
2 UK Segment 15,867.19 15,867.19
Total Segment Asset 27,341.73 27,341.73
Un-allocable Assets 0.00 0.00
Net Segment Asset 27,341.73 27,341.73
4 Segment Liabilities
Segment Liabilities
1 India Segment 5,549.60 5,549.60
2 UK Segment 12,868.54 12,868.54
Total Segment Liabilities 18,418.14 18,418.14
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 18,418.14 18,418.14
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined benefit plans 11.89 5.59
2 Remeasurement of Defined benefit plans - AL UK 173.13 173.13
Total Amount of items that will not be reclassified to profit and loss 185.02 178.72
2 Income tax relating to items that will not be reclassified to profit or loss 46.31 44.78
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in translating the financial statement of foreign subsidiaries 83.06 328.53
Total Amount of items that will be reclassified to profit and loss 83.06 328.53
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 221.77 462.47



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 560.93
Adjustments for reconcile profit (loss)
Adjustments for finance costs 492.19
Adjustments for decrease (increase) in inventories (1,333.16)
Adjustments for decrease (increase) in trade receivables, current (2,349.09)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (359.26)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,261.65
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 796.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 238.43
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 263.14
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 70.58
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 762.06
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (298.62)
Net cash flows from (used in) operations 262.31
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 428.16
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (165.85)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 280.68
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 2.94
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 77.74
Proceeds from sales of goodwill 0.00
Purchase of goodwill 466.05
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 70.58
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (420.91)
Net cash flows from (used in) investing activities (1,177.74)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,102.97
Repayments of borrowings 0.00
Payments of lease liabilities 52.26
Dividends paid 0.00
Interest paid 492.19
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 310.76
Net cash flows from (used in) financing activities 869.28
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (474.31)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (474.31)
Cash and cash equivalents cash flow statement at beginning of period 1,691.86
Cash and cash equivalents cash flow statement at end of period 1,217.55





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 C N K & ASSOCIATES LLP Yes 31-07-2027