Unaudite Financial Resuls of the Company for the 3rd Quarter (Q3) and Nine months (9M) ended December 31, 2025
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd reported unaudited Q3 FY26 revenue of Rs 78.05 crore, up 37.6% YoY from Rs 56.71 crore in Q3 FY25, while 9M FY26 revenue jumped 51.6% YoY to Rs 266.36 crore driven by the Sugar segment. Despite the topline growth, the company posted a Q3 FY26 net loss of Rs 16.99 crore (wider than Rs 14.53 crore loss in Q3 FY25), though the 9M FY26 loss narrowed to Rs 35.70 crore from Rs 56.57 crore. The auditor's limited review flagged going concern uncertainty (the company relies on support from holding company Triveni Engineering & Industries Ltd) and raised doubts about realization of Rs 57.02 crore in deferred tax assets given continuous past losses. Distillery operations remain suspended since the ethanol supply year 2024-25, and an exceptional expense of Rs 1.40 crore was booked for new Labour Codes. Other equity is deeply negative at Rs (214.87) crore, and the Composite Scheme of Arrangement to merge SSEL into parent TEIL is awaiting NCLT hearing on February 5, 2026.
Sharp revenue growth from sugar business is encouraging, but persistent losses, negative net worth, and a suspended distillery underline serious financial weakness. The pending merger into financially stronger Triveni Engineering & Industries is the key event for shareholders to watch — its approval could rescue the stock, while rejection could expose deeper stress.