Synergy Green Industries541929Quarterly results
Q2 FY27: revenue rises to Rs. 11,577.84 lakh, standalone loss of Rs. 508.23 lakh; auditor's unmodified opinion
Board approved unaudited Standalone and Consolidated results for the quarter ended September 30, 2026; the statutory auditor's Limited Review Report carries an unmodified opinion.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 11,577.84 | 7,200.33 | +60.8% | 7,514.93 | +54.1% |
| Total income | 11,630.63 | 7,437.92 | +56.4% | 7,571.29 | +53.6% |
| Profit before tax | (529.05) | 334.09 | — | (1,068.95) | +50.5% |
| Profit after tax | (508.34) | 236.08 | — | (1,010.98) | +49.7% |
| Total comprehensive income | (604.53) | 193.34 | — | (1,028.67) | +41.2% |
| Basic EPS | (3.27) | 1.52 | — | (6.51) | +49.8% |
- Total income YoY change
- +56.4% vs year ago 7,437.92
- Profit after tax (latest)
- (508.34) lakhs vs year ago 236.08
- Period
- Quarter Ended 30.09.26 (Unudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- New Labour Codes: past service cost increased gratuity liability by Rs.56.55 lakhs and leave liability by Rs.8.87 lakhs, shown as Exceptional Item for year ended March 31, 2026.
- ESOP Trust acquired 8,000 equity shares from open market as at March 31, 2026, treated as Treasury Shares; share capital shown net and excluded in EPS computation.
- The company operates only in one segment, i.e. Manufacturing of Metal Castings.
What the board decided
- The Board met on November 03, 2026 from 12.00 p.m. to 1.45 p.m. and approved the unaudited Standalone and Consolidated financial results for the quarter ended September 30, 2026, along with the Limited Review Report of the statutory auditors.
- P G Bhagwat LLP, Chartered Accountants, issued the Limited Review Report with an unmodified opinion on both the Standalone and the Consolidated results.
- The results were reviewed and recommended by the Audit Committee and approved by the Board, and the limited review was carried out by the statutory auditors.
How the quarter looked (standalone, Rs. in lakhs)
- Revenue from operations: 11,577.84 in the quarter ended 30.09.26, against 7,200.33 in the quarter ended 30.09.25.
- Total income: 11,630.63 against 7,437.92.
- Profit/(Loss) for the period: -508.23 against a profit of 236.08.
- Basic and diluted EPS: -3.27 against 1.52.
How the half year looked (standalone, Rs. in lakhs)
- Revenue from operations: 19,092.77.
- Total income: 19,201.92.
- Profit/(Loss) for the period: -1,519.11.
- Basic and diluted EPS: -9.78.
Other things flagged in the notes
- The company operates in a single segment, Manufacturing of Metal Castings.
- An Employee Stock Option Plan was approved by shareholders on April 22, 2025; employees were offered the right to buy shares at a predetermined price of Rs. 70/- per share, with options approved by the NRC on August 21, 2025. The Synergy Green Industries Limited ESOP Trust holds shares bought from the open market, treated as Treasury Shares, and paid-up equity share capital is disclosed net of these.
- Following the four labour codes notified by the Government of India on November 21, 2025, the company recognised incremental gratuity and leave liabilities as an "Impact of New Labour Codes" under "Exceptional Item" in the year ended March 31, 2026.
- The previous year's quarterly and annual statements were audited by another auditor, who expressed an unmodified opinion on them.
What a reader should take away
- The auditor's review conclusion is clean: the limited review says nothing came to the auditor's attention suggesting the interim statements are materially misstated or fail the required disclosures.
- The operating line expanded year on year, while the standalone result for the quarter and half year is a loss; the two facts sit side by side in the same statement and are worth reading together.
- The ESOP trust's treasury shares mean the paid-up capital and the per-share figures are presented after adjusting for shares held by the trust.
7,571.29 (Rs. In Lakhs)Total income, quarter
Total income, year-ago quarter7,437.92 (Rs. In Lakhs)
Total comprehensive income, year-ago quarter193.34 (Rs. In Lakhs)
Also from Synergy Green Industries
Synergy Green Industries schedules conference call with analysts for November 03, 2026 to discuss Q2 FY2026-27
3 Nov 2026
Q2 FY27 total income up 56.4% YoY, but margins fall and the quarter ends in a ₹5.08 Cr loss
3 Nov 2026
Synergy Green re-submits updated intimation of Q2 FY2026-27 earnings call on November 03, 2026
23 Oct 2026
More numbers
- Profit/(Loss) for the period, quarter ended 30.09.2026 (standalone)Rs. (508.23) lakh
- Profit/(Loss) for the half year ended 30.09.2026 (standalone)Rs. (1,519.11) lakh
- Paid up Equity Share Capital (face value Re. 10/- each)Rs. 1,553.50 lakh
- ESOP exercise price per shareRs.70/- per share
- Total income, latest quarter11,630.63 (Rs. In Lakhs)
- Total income, year-ago quarter7,437.92 (Rs. In Lakhs)
- Total income, previous quarter7,571.29 (Rs. In Lakhs)
- Total comprehensive income, latest quarter(604.53) (Rs. In Lakhs)
- Total comprehensive income, year-ago quarter193.34 (Rs. In Lakhs)
- Total comprehensive income, previous quarter(1,028.67) (Rs. In Lakhs)
- Profit after tax, latest quarter(508.34) (Rs. In Lakhs)
- Profit after tax, year-ago quarter236.08 (Rs. In Lakhs)
- Profit after tax, previous quarter(1,010.98) (Rs. In Lakhs)
- Revenue from operations, latest quarter11,577.84 (Rs. In Lakhs)
- Revenue from operations, year-ago quarter7,200.33 (Rs. In Lakhs)
- Revenue from operations, previous quarter7,514.93 (Rs. In Lakhs)
- Profit before tax, latest quarter(529.05) (Rs. In Lakhs)
- Profit before tax, year-ago quarter334.09 (Rs. In Lakhs)
- Profit before tax, previous quarter(1,068.95) (Rs. In Lakhs)
Source: BSE · 3 Nov 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.