Outcome of the Board Meeting held on November 14, 2025 for approval of Un-Audited Financial Results of the Company for the Quarter and Half Year ended September 30, 2025.
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Sudal Industries' Board approved its unaudited Q2 and H1 FY26 results on November 14, 2025. Revenue from operations for H1 FY26 grew 23.5% year-on-year to ₹8,665.95 lakhs, while Q2 revenue rose 16.7% to ₹4,168.01 lakhs. However, H1 profit after tax fell sharply to ₹106.08 lakhs (from ₹242.61 lakhs a year ago) and Q2 PAT dropped to ₹40.86 lakhs, hurt by higher finance costs and depreciation. The statutory auditor (Bagaria & Co LLP) issued a qualified opinion and flagged material uncertainty related to going concern, citing an ongoing Supreme Court appeal against an NCLAT order that had set aside the Company's Prepackaged Insolvency Resolution Plan. Operating cash flow remained positive at ₹340.21 lakhs for the half year.
Despite healthy revenue growth, the sharp profit decline and the auditor's qualified opinion along with the going concern flag are significant concerns for shareholders. The stock's near-term direction is heavily tied to the outcome of the Supreme Court case, which could impact the Company's liabilities and future solvency.