Audited Financial Results for the Year ended 31 March 2026
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Sunflag Iron and Steel reported standalone revenue of Rs 3,93,938 lakhs for FY2025-26, up 11.4% from Rs 3,53,559 lakhs in the prior year. However, profit after tax declined to Rs 20,066 lakhs from Rs 21,143 lakhs (down ~5%), indicating margin compression despite higher revenues. The company recorded exceptional items totalling approximately Rs 10,200 lakhs, including a mark-to-market loss of Rs 9,330 lakhs on its investment in Lloyds Metal & Energy Limited and Rs 870 lakhs impact from new labour codes. The Board recommended a dividend of Rs 1 per share (10%). Qualified borrowings reduced significantly from Rs 270.20 crores to Rs 154.97 crores during the year. Statutory auditors Lodha & Co LLP issued an unmodified (clean) opinion on the financial statements.
The revenue growth of ~11% was overshadowed by a PAT decline due to significant exceptional items and margin compression. The large MTM loss on listed investments and labour code impact affected profitability. Debt reduction is a positive sign for the balance sheet.