The Board of Directors of the Company at its Meeting held on today i.e. Thursday, the 28th May, 2026 have approved and taken on record the Audited Financial Results for the 4th Quarter ....
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Sonal Adhesives reported FY2026 revenue of Rs. 12,644.41 Lakhs, up 14.6% YoY from Rs. 11,033.26 Lakhs in FY2025. However, profitability declined sharply — PAT fell 22.3% to Rs. 137.17 Lakhs (vs Rs. 176.49 Lakhs) due to a near doubling of finance costs (Rs. 162.26 Lakhs vs Rs. 129.12 Lakhs) and rising other expenses. EBITDA margin compressed significantly. The company took a one-time exceptional charge of Rs. 17.09 Lakhs due to new labour code implementation. Operating cash flow turned negative at Rs. 701.36 Lakhs (vs positive Rs. 690.01 Lakhs in prior year) driven by working capital pressure — trade receivables and inventory buildup. Borrowings nearly doubled to Rs. 2,177.66 Lakhs. The Board also reappointed Mr. Sandeep Arora as Managing Director for 3 years at Rs. 3 Lakhs/month. Auditors issued an unmodified opinion.
Revenue growth is positive but the sharp PAT decline, margin compression, and negative operating cash flow signal operational stress. Nearly doubled debt levels and working capital deterioration are concerning for shareholder returns.