Sumeet Industries514211Quarterly results
Board approves unaudited Q2 and H1 results; right issue of Rs.19975.11 lakhs subscribed 2.5 times
Board met on 3 November 2026 and approved the un-audited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 36417.64 | 26929.88 | +35.2% | 27235.89 | +33.7% |
| Total income | 36712.04 | 27100.19 | +35.5% | 27274.33 | +34.6% |
| Profit before tax | 504.18 | 985.77 | −48.9% | 152.65 | +230% |
| Profit after tax | 567.06 | 985.77 | −42.5% | 114.23 | +396% |
| Total comprehensive income | 571.69 | 963.65 | −40.7% | 148.82 | +284% |
| Basic EPS | 0.08 | 0.18 | −55.6% | 0.03 | +167% |
- PAT YoY Change
- Year ago 985.77 (−42.5%)
- Period
- 30/09/26 Un-Audited (Quarter Ended)
Notes to the results
- Rights issue during the quarter: 16,84,24,218 equity shares of Rs. 2/- each at Rs.11.86 per share (premium Rs. 9.86) aggregating Rs. 19975.11 Lakhs; ratio 8:25; subscribed 2.5 times.
- Wholly owned subsidiary SSCL acquired Phase-3 Chips Plant of Nakoda Limited (in liquidation) under IBC; Company funded equity ₹1.00 lakh and unsecured loan ₹2,777.56 lakhs.
- Exceptional items include write-off of balances after payment to creditors under NCLT-approved resolution plan and write-off of investment in Singapore subsidiary.
- Board meeting of 13.02.2025 completely wound up operations of overseas subsidiary M/s. Sumeet Global Pte Limited.
Results approved at the meeting
- The Board of Directors met on 3 November 2026 from 04.00 P.M. to 5.15 P.M. and approved the un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the statement of assets and liabilities and cash flow statement.
- The statutory auditors, HTKS & Co., Chartered Accountants, issued an Independent Auditor's Limited Review Report on the standalone unaudited results. The report records that the review was conducted under SRE 2410, provides moderate assurance, and that the firm does not express an audit opinion.
Standalone results, Rs. in Lakhs
- Revenue from operations: 36417.64 for the quarter and 63653.53 for the half year.
- Total Income: 36712.04 for the quarter.
- Profit (Loss) for the period: 377.29 for the quarter and 491.52 for the half year.
- Basic earnings per equity share of Rs.2/- each, not annualised: 0.06 for the quarter and 0.08 for the half year.
Consolidated results, Rs. in Lakhs
- Revenue from operations: 36417.64 for the quarter and 63653.53 for the half year.
- Profit (Loss) for the period: 504.18 for the quarter and 656.83 for the half year.
- Total Comprehensive Income for the period: 571.69 for the quarter and 724.34 for the half year.
- Basic earnings per equity share of Rs.2/- each, not annualised: 0.08 for the quarter and 0.10 for the half year.
Right issue, per Note 4
- During the quarter the company came out with a right issue of 16,84,24,218 fully paid equity shares of face value Rs. 2/- each for cash at Rs.11.86 per equity share, including a premium of Rs. 9.86 per share, aggregating Rs.19975.11 Lakhs.
- Entitlement was 8 right equity shares for every 25 fully paid up equity shares held on the record date of 12.06.2026.
- The issue was subscribed 2.5 times of the total right issue size.
- Standalone paid up equity share capital stood at 14063.62 (Rs. in Lakhs) at 30 September 2026, against 10526.51 at 30 June 2026.
Subsidiary and plant acquisition, per Note 5
- Wholly owned subsidiary Sumeet Specialty Chips Limited acquired the Phase-3 Chips Manufacturing Plant of Nakoda Limited (in liquidation) through the liquidation process under the Insolvency and Bankruptcy Code, 2016.
- The company funded SSCL by way of equity of Rs.1.00 lakh and an unsecured loan repayable on demand of Rs.2,777.56 lakhs as at 30 September 2026.
- Earnest money of Rs.117.34 lakhs paid by the company in March 2026 has been transferred to SSCL.
Other notes to the results
- Note 2 states the financial results of Sumeet Global Pte Limited and Sumeet Specialty Chips Limited, wholly owned overseas subsidiaries, are included in the consolidated results.
- Note 3 states exceptional items include the net write off of the balance remaining after payment of financial obligations to secured and unsecured creditors as per the resolution plan approved by the Hon'ble NCLT, and the write off of investments in the Singapore-based subsidiary where operations have been discontinued.
- The company is primarily engaged in manufacturing and trading of textile products and, on review by the Chief Operating Decision Maker, constitutes a single reportable segment under Ind AS 108.
- The results were reviewed by the Audit Committee and approved by the Board, and a limited review was carried out by the statutory auditors.
36712.04 (₹ in Lakhs)Total income, latest quarter
Revenue from operations, quarter (Rs. in Lakhs₹36417.64 lakh
Profit (Loss) for the period, standalone quarter (Rs. in Lakhs₹377.29 lakh
Also from Sumeet Industries
Revised Q2/H1 FY26 results: Rs.165.31 Lakhs tax provision corrected in consolidated net profit
4 Nov 2026
Revised related party transactions statement re-shared for the quarter and half year ended September 2026
4 Nov 2026
Q2/H1 FY27 results: revenue up, profit lower than a year ago; right issue and chips plant acquisition
3 Nov 2026
More numbers
- Profit (Loss) for the period, standalone quarter (Rs. in Lakhs)377.29
- Revenue from operations, half year (Rs. in Lakhs)63653.53
- Right issue aggregate sizeRs.19975.11 Lakhs
- Right issue equity shares allotted16,84,24,218
- Right issue price per equity shareRs.11.86
- Unsecured loan to SSCL₹2,777.56 lakhs
- Total income, latest quarter36712.04 (₹ in Lakhs)
- Total income, year-ago quarter27100.19 (₹ in Lakhs)
- Total income, previous quarter27274.33 (₹ in Lakhs)
- Total comprehensive income, latest quarter571.69 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter963.65 (₹ in Lakhs)
- Total comprehensive income, previous quarter148.82 (₹ in Lakhs)
- Profit after tax, latest quarter567.06 (₹ in Lakhs)
- Profit after tax, year-ago quarter985.77 (₹ in Lakhs)
- Profit after tax, previous quarter114.23 (₹ in Lakhs)
- Revenue from operations, latest quarter36417.64 (₹ in Lakhs)
- Revenue from operations, year-ago quarter26929.88 (₹ in Lakhs)
- Revenue from operations, previous quarter27235.89 (₹ in Lakhs)
- Profit before tax, latest quarter504.18 (₹ in Lakhs)
- Profit before tax, year-ago quarter985.77 (₹ in Lakhs)
- Profit before tax, previous quarter152.65 (₹ in Lakhs)
Source: BSE · 3 Nov 2026
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