Sumeet Industries Reports Resilient FY26 Performance

02 Jun 2026 CW Team

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.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..