Sheshadri Industries News

Sheshadri Industries Q3FY26 Revenue Falls 20.5% YoY

Sheshadri Industries reported Q3FY26 revenue of ₹682.95 lakhs, down from ₹859.51 lakhs in Q3FY25. Net profit declined to ₹100.49 lakhs from ₹160.11 lakhs year-over-year.

Sheshadri Industries Reports Quarterly Results with Exceptional Items Impact

Sheshadri Industries Limited's Board approved unaudited financial results for the quarter ended September 30, 2025, which included exceptional items of ₹225.01 lakhs comprising export duty credit write-offs and GST demands. The company continues operations on a going concern basis despite accumulated losses of ₹1,903.96 lakhs and current liabilities exceeding current assets, citing market value of immovable properties as support.

Sheshadri Industries Reports Widened Q1 Loss Despite Revenue Recovery

Sheshadri Industries Limited reported a net loss of ₹127.21 lakhs for Q1 FY2026, compared to a loss of ₹58.93 lakhs in the same quarter last year. Revenue from operations declined marginally by 1.1% to ₹634.46 lakhs, while total income increased 15.2% to ₹785.94 lakhs due to higher other income. The company's performance was significantly impacted by exceptional items worth ₹225.01 lakhs, including a write-off of ₹214.11 lakhs in export duty credits and ₹10.90 lakhs in GST demands. The board approved several governance changes, accepting Ms. Sushma Gupta's resignation as Independent Director and appointing Ms. Pooja Gupta as Additional Non-Executive Independent Director. M/s. HSP & Associates LLP was appointed as Secretarial Auditors for five years. The company faces challenges with accumulated losses of ₹2,052.30 lakhs and current liabilities exceeding current assets, though management continues to prepare financials on a going concern basis citing market value of immovable properties.