Un-audited financial results of the Company, for the quarter and half year ended on September 30, 2025, along with the Limited review report issued by M/s Y.K. SUD & CO, Chartered Accountants ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sarup Industries, a Punjab-based shoe upper manufacturer, reported a sharp decline in Q2 FY26 revenue at Rs. 392.67 lakhs, down about 52% from Rs. 820.19 lakhs in Q2 FY25. Half-year revenue fell to Rs. 643.59 lakhs from Rs. 1,602.53 lakhs, a steep ~60% drop. Net profit for Q2 FY26 was just Rs. 11.60 lakhs (EPS Rs. 0.36) versus Rs. 418.52 lakhs (EPS Rs. 12.87) in Q2 FY25, which had benefited from a one-time exceptional gain of Rs. 413.99 lakhs. The balance sheet shows negative other equity of Rs. -606.26 lakhs against long-term borrowings of Rs. 3,779.87 lakhs, indicating accumulated losses exceeding share capital. Operating cash flow turned negative at Rs. -80.41 lakhs in H1 FY26 versus a positive Rs. 161.50 lakhs a year ago. Statutory auditor Y.K. Sud & Co. issued an unqualified limited review report.
Sharp revenue contraction, negative net worth, rising debt, and negative operating cash flow point to serious financial stress. Shareholders should view this as a high-risk situation despite the small accounting profit, as the prior year's earnings were inflated by an exceptional item rather than core operations.