Sagardeep Alloys reported a 43.6% rise in net profit to ₹263.78 lakh for the financial year ended March 31, 2026, driven by a 60.2% increase in revenue from operations to ₹16,533.97 lakh. The company’s Board of Directors approved the audited standalone and consolidated financial results for the year on May 22, 2026.

Revenue from operations for the year ended March 31, 2026, stood at ₹16,533.97 lakh, compared to ₹10,316.99 lakh in the previous year. Total revenue rose to ₹16,612.50 lakh from ₹10,388.70 lakh. Total expenses for the year increased to ₹16,304.43 lakh from ₹10,233.72 lakh. Profit before tax for the year was ₹341.32 lakh, up from ₹247.69 lakh in the prior year.

For the quarter ended March 31, 2026, the company reported a net profit of ₹162.69 lakh, a significant increase from ₹30.63 lakh in the same quarter of the previous year. Revenue from operations for the quarter surged to ₹7,038.75 lakh from ₹1,888.43 lakh. Total expenses for the quarter were ₹6,803.21 lakh. Exceptional items for the quarter included a profit of ₹33.25 lakh from the sale of property, plant, and equipment.

The statutory auditor, Piyush J. Shah & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The auditor confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.

The Board also approved the appointment of M/s Siddhi Shah & Associates as the new Secretarial Auditor for the financial year 2025-26, following the resignation of M/s SJV & Associates effective May 22, 2026, due to preoccupation. The consolidated financial results include the figures of subsidiary Sagardeep Engineers Private Limited.

Standalone Financial Results

Consolidated Financial Results

Promoter Satishkumar Asamal Mehta of sagardeep alloys declared that no shares were encumbered directly or indirectly by the promoter group during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Ltd. under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency regarding the pledging or hypothecation of shares by key stakeholders.

The declaration confirms that Mehta, along with other promoters, the promoter group, and persons acting in concert, maintained clear holdings throughout FY26. The filing, dated April 6, 2026, was addressed to the exchange and copied to the company and its Audit Committee. The absence of encumbrance indicates that the promoters did not use their shareholding as collateral for borrowing during the specified period.

Key Details of the Disclosure

The disclosure covers all entities falling under the definition of promoters, the promoter group, and persons acting in concert with them. This comprehensive declaration provides assurance to investors regarding the unencumbered status of the promoter's shareholding for the reported financial year.