Sumeet Industries Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
SUMEETINDS · price
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Awaiting price reaction for this filing.
Sumeet Industries' board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. Revenue from operations rose 6% year-on-year to Rs. 26,692.48 lakhs in Q3 FY26 and 3.2% to Rs. 78,469.82 lakhs for 9M FY26. However, net profit for Q3 fell sharply to Rs. 903.77 lakhs from Rs. 9,718.23 lakhs in Q3 FY25, a drop of about 91%, mainly because exceptional items shrunk to just Rs. -12.46 lakhs compared to a large Rs. 9,662.76 lakhs gain a year ago. For 9M FY26, net profit stood at Rs. 2,687.52 lakhs versus Rs. 10,258.21 lakhs in the prior year period. The company noted that the underlying business (textiles, single segment) has improved, with profit before exceptional items rising strongly. The proposed rights issue was deferred to a future board meeting, and a 1:5 stock split (face value reduced from Rs. 10 to Rs. 2) was carried out in October 2025.
Reported profits look weak mainly due to the absence of last year's large one-time gains; the core textile business is actually performing better. Shareholders should watch the deferred rights issue decision and treat the headline PAT decline as largely driven by non-recurring items rather than weak operations.