ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 14/02/2026
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Suncity Synthetics Ltd announced its Q3 FY26 (ended 31 Dec 2025) and 9-month FY26 unaudited results at a board meeting held on 14 February 2026. For the 9-month period, total revenue fell sharply to Rs 50.67 lakhs from Rs 142.59 lakhs in 9M FY25, with net sales dropping to Rs 41.60 lakhs from Rs 115.93 lakhs — a roughly 64% decline. Despite this, the company swung to a 9-month profit of Rs 9.48 lakhs (vs a loss of Rs 20.83 lakhs in 9M FY25), driven entirely by an exceptional item of Rs 22.30 lakhs. Profit before exceptional items and tax remained negative at Rs -12.82 lakhs, showing that core operations are still loss-making. EPS for 9M FY26 stood at Rs 0.19 versus Rs -0.42 in the prior year. The auditor (S.G. Gandhi & Associates) issued a clean, unqualified limited review report.
The headline return to profit is misleading — it depends wholly on a one-time exceptional gain, while the underlying business continues to lose money on shrinking revenues. Shareholders should treat the result cautiously and look for evidence of revenue stabilisation and operating turnaround before reading this as a genuine recovery.