Sula Vineyards Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SULA · price
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Sula Vineyards reported a significant decline in profitability for FY2026. Consolidated revenue fell to Rs 596.19 crore from Rs 619.38 crore in FY2025, while net profit dropped sharply to Rs 25.65 crore from Rs 70.20 crore, a decline of about 63%. Standalone performance was even weaker, with net profit plummeting to just Rs 3.10 crore from Rs 33.40 crore (down 91%) due to an Rs 8.11 crore impairment loss on subsidiary investment. The company recorded an exceptional item of Rs 1.82 crore (consolidated) for impairment of intangible assets. The Board recommended a reduced final dividend of Rs 2 per share (100%) compared to Rs 3.6 per share (180%) in the previous year. Auditors Walker Chandiok & Co LLP issued an unmodified opinion with no going concern issues.
The sharp decline in profits, especially at the standalone level, and reduced dividend payout signal weaker financial performance. Shareholders may face pressure as earnings per share dropped significantly from Rs 8.32 to Rs 3.04 at consolidated level.