Sumeet Industries Ltd-$ — earnings calls
1 quarter summarised from transcripts filed with the exchange, every statement cited. Newest first.
Q1 FY27 earnings call
Sumeet Industries reported Q1 FY27 income growth of over 9% year-on-year to Rs 272.74 crores, with EBITDA of Rs 8.85 crores at a 3.24% margin and PAT of Rs 1.14 crore, which management attributed to volatility in PTA and MEG raw material prices linked to geopolitical tensions. The company completed a rights issue raising Rs 199.75 crores, allocating proceeds toward working capital, the Nakoda CP plant acquisition, debt repayment, and a solar captive power plant. Management discussed capacity expansion, including a newly commissioned 30,000 tons per annum unit and plans to recommission the acquired Nakoda CP plant in the next financial year.