Sumeet Industries Share Price

Company is engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn.

• Business Line
• 1 hour 16 minutes ago

Textiles company Sumeet Industries announced Q4FY26 & FY26 results Standalone Financial Highlights: Standalone Total Income for Q4FY26 stood at Rs 26,698.10 lakh, reflecting a marginal decrease of 0.28% QoQ compared to Rs 26,774.04 lakh in Q3FY26, and an increase of 9.53% YoY compared to Rs 24,375.77 lakh in Q4FY25. For FY26, Standalone Total Income reached Rs 1,05,381.22 lakh, up 4.78% YoY from Rs 1,00,573.84 lakh in FY25. Standalone Revenue from operations for Q4FY26 was Rs 26,571.69 lakh, representing a 0.45% QoQ decrease from Rs 26,692.48 lakh in Q3FY26 and a 9.34% YoY increase from Rs 24,302.41 lakh in Q4FY25. The Standalone Net Profit for Q4FY26 was Rs 378.45 lakh, a decline of 43.22% QoQ from Rs 666.56 lakh in Q3FY26 and a decrease of 92.19% YoY from Rs 4,842.76 lakh in Q4FY25. For FY26, Standalone Net Profit was Rs 2,360.60 lakh, down 84.37% compared to Rs 15,100.96 lakh in FY25. Standalone Profit before tax for Q4FY26 was Rs 513.13 lakh, a decrease of 43.22% QoQ from Rs 903.77 lakh and 91.12% YoY from Rs 5,775.97 lakh. For FY26, Standalone Profit before tax stood at Rs 3,200.65 lakh compared to Rs 16,034.17 lakh in FY25. Consolidated Financial Results: Consolidated Total Income for Q4FY26 was Rs 26,698.10 lakh, showing a decrease of 0.28% QoQ from Rs 26,774.04 lakh and an increase of 9.53% YoY from Rs 24,375.78 lakh. For FY26, Consolidated Total Income was Rs 1,05,381.22 lakh, an increase of 4.78% YoY from Rs 1,00,573.85 lakh in FY25. Consolidated Revenue from operations for Q4FY26 stood at Rs 26,571.69 lakh, down 0.45% QoQ from Rs 26,692.48 lakh and up 9.34% YoY from Rs 24,302.42 lakh. Consolidated Net Profit for Q4FY26 was Rs 378.45 lakh, a 43.22% decrease QoQ from Rs 666.56 lakh and a 94.41% decrease YoY compared to Rs 6,767.89 lakh in Q4FY25. For FY26, the company reported a Consolidated Net Profit of Rs 2,360.60 lakh, down 86.14% YoY from Rs 17,026.10 lakh in FY25. Consolidated Profit before tax for Q4FY26 stood at Rs 513.13 lakh, compared to Rs 903.77 lakh in Q3FY26 (QoQ decrease of 43.22%) and Rs 7,701.10 lakh in Q4FY25 (YoY decrease of 93.34%). For FY26, Consolidated Profit before tax was Rs 3,200.65 lakh as against Rs 17,959.31 lakh in FY25. Business Highlights: Segment Performance: The company is primarily engaged in the business of manufacturing and trading of textile products. Based on the internal reporting framework, the operations of the company constitute a single reportable segment as per Ind AS 108 — "Operating Segments". Subsidiary Update: The Consolidated Financial Results include Sumeet Global PTE Ltd., Singapore. Although the Board approved its winding up on 13 February 2025, the process was not complete as of 31 March 2026, and hence it remains consolidated. Exceptional Items: Exceptional items for FY26 showed a net profit of Rs 41.05 lakh. These items represent the net impact of profit arising on the disposal of certain Property, Plant, and Equipment and provisions recognized for the implementation of the new Labour Codes. For Q4FY26, the company recorded an exceptional loss of Rs 120.57 lakh. Auditor Qualification: The Statutory Auditors issued a modified audit opinion regarding the non-ascertainment of interest payable under section 16 of the MSMED Act 2006 on delayed payments to MSME vendors. Dividends: There was no mention of a dividend declaration in the results. Pratik R. Jaju, Managing Director, Sumeet Industries, said: “We are pleased to report a stable financial performance for FY26 with Total Income of Rs 1,053.81 crore and PAT of Rs 27.33 crore. Despite a dynamic operating environment for the textile sector during the year, the Company continued to demonstrate resilient performance supported by its integrated operations, improving efficiencies and focused execution strategy under the leadership of the Eagle Group. During the quarter, we achieved an important strategic milestone with the Company being declared as the H1 Bidder for acquisition of Nakoda’s Phase 3 Polyester Chips manufacturing assets under CIRP at a value of Rs 23.47 crore. The acquisition provides access to 400 TPD polyester chips capacity, further strengthening backward integration and supporting our POY and FDY manufacturing operations. Looking ahead, we remain focused on expanding our value-added product portfolio, improving operational efficiencies, increasing renewable energy sourcing and driving sustainable growth across the polyester value chain. With planned capacity expansion, strengthening backward integration capabilities and improving product mix, we remain optimistic about the long-term growth opportunities for the business.” Result PDF

• Trendlyne
• 3 weeks 1 day ago

Textiles company Sumeet Industries announced Q3FY26 results Revenue: Rs 26,692.48 lakh against Rs 25,176.2 lakh during Q3FY25, change 6%. PAT: Rs 903.77 lakh against Rs 9,718.23 lakh during Q3FY25, change -91%. EPS: Rs 0.18 for Q3FY26. Result PDF

• Trendlyne
• 4 months 1 week ago