Investor Presentation for the quarter ended 30.06.2025.
SINGERIND · price
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Awaiting price reaction for this filing.
Singer India reported weak Q1 FY26 results with revenue declining 6.7% to INR 92.1 Cr from INR 98.7 Cr in Q1 FY25. The home appliances segment was hit by a short summer and intermittent rains that hurt cooling product sales, while sewing machines saw a marginal drop due to postponement of some large orders. The company swung from a small profit of INR 0.6 Cr in Q1 FY25 to a loss of INR 2.36 Cr in Q1 FY26, with EBITDA falling 266.7% to negative INR 2.4 Cr. On the positive side, the company highlighted its biggest-ever bulk order of INR 202.7 Cr in black sewing machines under the PMVY government scheme (sub judice), 19% e-commerce growth in sewing machines, and continued strong performance in premium AZZ machines. The balance sheet remains debt-free with INR 62 Cr in cash and shareholders' equity growing to INR 159 Cr.
Near-term sentiment may be negative due to the quarterly loss and revenue decline, but the large Rs. 202.7 Cr PMVY order (if it goes through) could significantly boost FY26-27 revenue. Investors should watch for clarity on the sub judice status of this order and a recovery in the appliances segment.