Sumeet Industries514211Quarterly results

Q2/H1 FY27 results: revenue up, profit lower than a year ago; right issue and chips plant acquisition

Unaudited results for the quarter and half year ended 30.09.2026 shared.

By ScoutQuest · Tue 3 Nov 2026, 6:43 PM IST · 3 min read

₹377.29 lakh-61.7%

2025₹985.77 lakh2026₹377.29 lakh

Profit for the period, quarter ended 30.09. (standalone: ₹985.77 lakh (2025) and ₹377.29 lakh (2026).

Quarter revenue from operations: Rs. 36417.64 lakh (vs Rs. 26929.88 lakh a year ago)
Quarter profit: Rs. 377.29 lakh (vs Rs. 985.77 lakh)
Right issue: 16,84,24,218 shares at Rs.11.86 each, totalling Rs. 19975.11 Lakhs

Results at a glance

Revenue from operations for the quarter ended 30.09.2026 was Rs. 36417.64 lakh, against Rs. 26929.88 lakh in the quarter ended 30.09.2025.
For the half year, revenue from operations was Rs. 63653.53 lakh, against Rs. 51777.34 lakh a year earlier.
Total expenses for the quarter were Rs. 36207.86 lakh; cost of materials consumed alone was Rs. 31473.38 lakh, other expenses Rs. 4504.81 lakh and employee benefits Rs. 809.66 lakh.
Profit for the quarter was Rs. 377.29 lakh, against Rs. 985.77 lakh in the same quarter last year; for the half year it was Rs. 491.52 lakh against Rs. 1783.75 lakh.
Earnings per equity share of Rs. 2/- each (basic, not annualised) was Rs. 0.06 for the quarter and Rs. 0.08 for the half year.

How the quarter compares

Revenue grew while profit came in lower than the year-earlier quarter. Finance costs for the quarter were Rs. 220.38 lakh and depreciation Rs. 491.96 lakh. Exceptional items were nil in both the quarter and the half year.

The right issue

16,84,24,218 fully paid-up equity shares of face value Rs. 2/- each were issued at Rs.11.86 per equity share, including a premium of Rs. 9.86 per share.
The issue aggregated to Rs. 19975.11 Lakhs, in the ratio of 8 right equity shares for every 25 fully paid-up equity shares, for holders on the record date 12.06.2026.
The issue was subscribed 2.5 times the total right issue size.
On the balance sheet, paid-up equity share capital rose to Rs. 14063.62 lakh from Rs. 13326.51 lakh, and other equity to Rs. 27705.54 lakh from Rs. 7862.27 lakh.

Chips plant acquisition by the subsidiary

Wholly owned subsidiary Sumeet Speciality 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 ₹1.00 lakh and an unsecured loan, repayable on demand, of ₹2,777.56 lakhs as at 30th September, 2026.
Earnest money of ₹117.34 lakhs paid by the company in March 2026 was transferred to SSCL.
The statutory auditors drew attention to this funding as an Emphasis of Matter in their limited review report.

Balance sheet and cash

Total assets were Rs. 81074.14 lakh as at 30.09.2026, against Rs. 55081.26 lakh as at 31.03.2026.
Cash and cash equivalents were Rs. 16087.11 lakh, against Rs. 3865.07 lakh.
Non-current borrowings were Rs. 10175.19 lakh (Rs. 8561.96 lakh) and current borrowings Rs. 3579.68 lakh (Rs. 7365.06 lakh).
Net cash from operating activities for the half year was Rs. 1078.98 lakh, investing activities used Rs. 5755.71 lakh and financing activities brought in Rs. 16898.76 lakh.

Other points from the notes

Sumeet Global Pte Limited, an overseas subsidiary, has had its operations completely wound up following the board meeting of 13.02.2025.
Exceptional items in the prior year included the net write-off of the balance remaining after payment of financial obligations to secured and unsecured creditors under the NCLT-approved resolution plan, and write-off of investments in the Singapore subsidiary.
The company operates as a single reportable segment, textile manufacturing and trading.
The results were reviewed by the audit committee, approved by the board on 3rd November, 2026 and subjected to a limited review by the statutory auditors, who reported nothing indicating a material misstatement.

What to watch

The quarter shows higher revenue but lower profit than a year earlier, with right issue proceeds visible in cash and equity. The subsidiary's plant acquisition and the loan extended to it are worth following for how the new capacity is used.

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