Sumeet Industries Limited reported resilient audited results for FY26, with total income crossing Rs10,538.1 mn and profit after tax of Rs273.3 mn. The company continued integrated polyester operations including PET chips, partially oriented yarn and fully drawn yarn under new promoters following the NCLT order in July 2024. Management described the performance as stable amid a dynamic textile sector and attributed resilience to operational integration and efficiency gains.

For the quarter ended Q4 FY26, consolidated total income stood at Rs2,669.8 mn, up nine point five three per cent year on year, while EBITDA rose to Rs146.8 mn, an increase of 113.58 per cent. EBITDA margin improved by 268 basis points to five point five zero per cent and profit after tax for the quarter was Rs75.0 mn with an EPS of Rs0.15. For the full year, EBITDA reached Rs607.7 mn and EBITDA margin expanded by 431 basis points to five point seven seven per cent.

The board disclosed that the company has been declared the H1 bidder for acquisition of Nakoda Phase three polyester chips manufacturing assets under corporate insolvency resolution process at a value of Rs234.7 mn. The acquisition will provide access to a 400 tonnes per day chips capacity, equivalent to 146,000 tonnes per annum, supporting backward integration for POY and FDY manufacturing. Management outlined plans to expand value added product mix and strengthen backward integration to drive long term growth.

The board has approved phase one of a polyester yarn capacity expansion adding 15,000 tonnes per annum at an investment of Rs300.0 mn, aimed at scaling value added synthetic yarns. The company holds a 27 per cent stake in HI URJA TECHNO LLP which operates a 14 MW solar plant and is pursuing further renewable sourcing under captive arrangements. The statement noted forward looking risks and uncertainties and said the company would not update such statements as circumstances change.