Unaudited Financial Results of the Company for the quarter ended June 30, 2025.
Awaiting price reaction for this filing.
Sanghi Industries posted Q1 FY26 revenue from operations of ₹245.38 crore, up about 10% from ₹222.99 crore in Q1 FY25. However, operating loss before exceptional items widened sharply to ₹(115.40) crore versus ₹(88.82) crore a year ago, mainly because depreciation nearly doubled to ₹89.63 crore and finance costs rose to ₹53.55 crore. An exceptional income of ₹40 crore (indemnification receipt from erstwhile promoters against an electricity-duty dispute) brought the net loss down to ₹(75.40) crore versus ₹(88.82) crore in Q1 FY25. Loss per share stood at ₹(2.92) vs ₹(3.44). The auditor (SRBC & Co LLP) issued a clean, unmodified limited-review report. Key ongoing items: a pending Scheme of Arrangement with Ambuja Cements (swap ratio 12 Ambuja shares for every 100 Sanghi shares, awaiting NCLT nod), and a Gujarat electricity-duty dispute where a provision of ₹43.90 crore is already booked and ₹176.63 crore is disclosed as contingent liability for interest.
The headline loss shrank only because of a one-time ₹40 crore promoter indemnification; underlying operations remain weak with widening depreciation and finance costs eroding the revenue gain. Shareholders should watch the Ambuja merger scheme progress, as the swap ratio and NCLT approval will directly shape equity value, while the electricity-duty litigation remains a material overhang.