Sumeet Industries Q1 FY27: Revenue Up 9.17%, Rights Issue Completed
SUMEETINDS · price
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Sumeet Industries reported Q1 FY27 total income of ₹272.74 Cr, up 9.17% YoY. EBITDA was ₹8.85 Cr (3.24% margin) and net profit ₹1.14 Cr. Margins were hit by raw material price surge from Middle East tensions. Completed a ₹199.75 Cr rights issue; proceeds for working capital, Nakoda CP Plant (140,000 TPA, expected Q1 FY28 with potential ₹1,500 Cr revenue), debt repayment, and 6.5 MW solar project. FY27 guidance: 30%+ revenue growth, EBITDA margin around 6%.
Capacity expansion and deleveraging via rights issue support future growth; near-term margins under pressure but guided to recover.