Unadudited Financial Result of the Company for the 3rd Quarter and Nine months ended 31st December, 2025
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd, a subsidiary of Triveni Engineering & Industries, reported Q3 FY26 revenue of Rs 7,805 lakhs (up 37.6% YoY) and 9M revenue of Rs 26,636 lakhs (up 51.6% YoY), driven entirely by the Sugar segment as Distillery operations remain suspended since 2024-25 pending major repairs. The Q3 loss after tax widened to Rs 1,699 lakhs (from Rs 1,453 lakhs YoY) due to sharply higher finance costs of Rs 876 lakhs (vs Rs 355 lakhs). However, the 9M loss narrowed to Rs 3,570 lakhs from Rs 5,657 lakhs last year. The company booked a Rs 140 lakh exceptional expense for the new Labour Codes and recognised deferred tax assets of Rs 5,702 lakhs. The auditor flagged a going-concern reliance on Triveni's financial and technical support, with the Composite Scheme of Amalgamation into TEIL awaiting NCLT hearing on February 5, 2026. The company has a deeply negative net worth of Rs 20,962 lakhs (equity capital Rs 525 lakhs vs negative other equity of Rs 21,487 lakhs) against total liabilities of Rs 52,384 lakhs.
Despite strong revenue growth, persistent losses, negative net worth, and a suspended distillery unit signal deep financial stress — shareholders are essentially dependent on the pending amalgamation with parent Triveni Engineering for value recovery. A favourable NCLT ruling would be the key catalyst, while an unfavourable outcome or further losses could meaningfully erode shareholder value.