To consider and approve Un-Audited Financial Results for the quarter ended 30.06.2025
SINGERIND · price
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Awaiting price reaction for this filing.
Singer India reported a loss of ₹236 lakhs in Q1 FY26 (ended 30 June 2025) compared to a profit of ₹56 lakhs in the same quarter last year. Revenue from operations fell to ₹9,210 lakhs from ₹9,869 lakhs, a drop of about 6.7%. Both segments weakened — sewing machines revenue declined to ₹6,643 lakhs and the domestic appliances segment deepened its loss to ₹(236) lakhs from ₹(28) lakhs. The company posted a loss before tax of ₹324 lakhs versus a profit of ₹75 lakhs a year ago, with EPS turning negative at ₹(0.38). Auditors BSR & Co. LLP issued an unmodified limited review opinion, but drew attention to the ongoing BIS license cancellation matter affecting Zig-Zag machine imports, with the next Delhi High Court hearing scheduled for 8 September 2025. A fire incident at the registered office on 13 July 2025 (post-quarter) caused no business disruption as IT systems run on cloud platforms.
Negative short-term sentiment likely as the company swung to a quarterly loss with declining revenues across both segments. Investors should monitor the BIS/Zig-Zag legal outcome and the fire incident insurance recovery, both of which could affect future quarters.