Pursuant to Regulation 33 of SEBI LODR Regulations, we are enclosing herewith the Unaudited Financial Results of the Company for the 1st quarter ended June 30, 2025, along with Limited ....
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises reported Q1 FY26 revenue from operations of ₹9,284.53 lakhs, down about 3.7% from ₹9,637.43 lakhs in Q1 FY25, entirely from the sugar segment as the distillery unit remains shut since the 2024-25 sugar season due to extensive repairs. The loss before tax widened sharply to ₹862.03 lakhs from ₹401.31 lakhs a year earlier, driven by much higher finance costs (₹875.83 lakhs vs ₹21.15 lakhs). Loss after tax narrowed to ₹646.64 lakhs (vs ₹3,358.72 lakhs) mainly because of a deferred tax credit this quarter. Loss per share stood at ₹12.32 vs ₹63.98 in the year-ago quarter. The books show negative other equity of ₹21,486.52 lakhs against equity capital of just ₹525 lakhs. The company is now a subsidiary of Triveni Engineering & Industries Ltd (TEIL), which is providing financial and technical support, and a scheme to amalgamate SSLEL into TEIL (along with demerger of TEIL's power transmission arm) approved by the board in December 2024 is pending stock exchange and other approvals.
Persistent operational losses, negative net worth, and a non-operating distillery keep the standalone outlook weak, though the pending amalgamation into stronger parent TEIL is the key near-term value driver for shareholders via the swap ratio. Be cautious on standalone performance; track the scheme's approval timeline and the distillery restart.