Sumeet Industries Reports Resilient FY26 Performance
ECONOMY & POLICY

Sumeet Industries Reports Resilient FY26 Performance

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code