Sahyadri Industries delivered a robust financial performance for the year ended March 31, 2026, with net profit rising 49% to ₹29.00 crores from ₹19.46 crores in the previous year. Total income for FY26 stood at ₹684.87 crores compared to ₹608.79 crores in FY25, reflecting a year-on-year growth of 12.5%. The company's EBITDA increased by 15.8% to ₹67.2 crores, with the EBITDA margin improving to 9.8% from 9.5% in the prior year. Capacity utilization also improved to 74% in FY26 versus 68% in FY25. The Board of Directors approved the audited financial results at its meeting held on May 9, 2026, with the statutory auditors, M/s Joshi Apte & Company, issuing an unmodified opinion on the annual financial results.

Q4 & FY26 Financial Highlights

The company posted strong growth across both the quarter and the full year. For the quarter ended March 31, 2026, total income stood at ₹196.53 crores compared to ₹152.57 crores in the corresponding quarter of the previous year, while net profit for the quarter was ₹10.55 crores against ₹4.27 crores in the same quarter of the prior year. The following table presents the key performance metrics for Q4 and full-year FY26:

The following table summarises the key financial metrics for the full year:

Commenting on the results, Managing Director Mr. Satyen Patel said: "We are pleased to report resilient financial performance with growth across income, profitability, and margins. Total Income for FY26 stood at Rs 684.9 crore, compared to Rs 608.8 crore in FY25, reflecting YoY growth of 12.5%. EBITDA increased to Rs 67.2 Cr from Rs 58.0 crore, a growth of 15.8%, driven by operating leverage. The EBITDA margin has inched up from 9.5% in FY25 to 9.8% in FY26. PAT rose by 49.0% to Rs 29.0 crore in FY26 compared to the same period last year." Mr. Patel also noted that evolving geo-political developments, logistics costs, and forex volatility may impact export markets and imported raw material costs going forward.

Segment Performance and Expansion

The company operates across two segments—Building Material and Power Generation. The Building Material segment remained the dominant contributor, with segment revenue of ₹671.68 crores for FY26 compared to ₹594.50 crores in FY25. The Power Generation segment reported revenue of ₹14.44 crores for FY26 versus ₹17.50 crores in the prior year. On the expansion front, the company is setting up a new unit in Odisha for manufacturing Asbestos Corrugated Sheets with a capacity of 1,20,000 MT. Additionally, activities related to setting up a Non-Asbestos Cement Boards plant in Maharashtra with a capacity of 72,000 MT have been initiated, with land identified and acquisition in process. The total capital expenditure for these projects is estimated at ₹95 crores each, funded through internal accruals and debt.

Balance Sheet and Cash Flow

As at March 31, 2026, total assets stood at ₹532.10 crores, while total equity improved to ₹406.09 crores from ₹378.29 crores. A notable reduction in current borrowings—from ₹71.00 crores to ₹16.29 crores—underscores significant deleveraging during FY26. Net cash from operating activities stood at ₹121.34 crores compared to ₹53.89 crores in FY25, driven by improved profitability and working capital management. Cash and cash equivalents at the close of the year stood at ₹6.72 crores.

Dividend and Governance

The Board has recommended a final dividend of ₹1.5 per equity share of face value ₹10 each for FY26, subject to approval of members at the ensuing 32nd Annual General Meeting. The Board also approved the reconstitution of the Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee, and CSR Committee with immediate effect. Key governance decisions included the re-appointment of M/s Joshi Apte & Company as Statutory Auditors and the appointment of Mr. Sunil Mahendra Suratwala as an Additional Director. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited financial results in newspapers "Financial Express" and "Loksatta" on May 10, 2026.

About Sahyadri Industries

Sahyadri Industries is a pioneer in building solutions, offering a complete range of products for interior and exterior building systems and roofing solutions. Its offerings include Swastik roofs and Cemply flat sheets, along with innovative ECOPRO building systems. The company caters to domestic markets across Maharashtra, Gujarat, Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Kerala, Odisha, and Chhattisgarh, as well as international markets in South Asia, the Middle East, and Africa.

Sahyadri Industries Limited has signed a Share Subscription and Shareholders' Agreement (SSSHA) on May 4, 2026, marking a significant step in its renewable energy strategy. The agreement formalises the company's acquisition of a 7.14% equity stake in Emerge Solar One Private Limited, a move aimed at securing solar power through a group captive arrangement.

Agreement Details

The SSSHA was executed with the Special Purpose Vehicle (SPV) and the Parent Company on May 4, 2026. This development follows the Board of Directors' approval of the proposal, which was communicated via an intimation dated April 4, 2026. The key parameters of the transaction are outlined below:

Group Captive Solar Scheme

The equity acquisition in Emerge Solar One Private Limited is structured under a group captive scheme as provided for under the Electricity Act, 2003 (as amended) and applicable rules thereunder. Under such arrangements, a company acquires a minimum prescribed equity stake in a power generating entity and is entitled to consume power generated in proportion to its shareholding. This structure enables industrial consumers to source power directly from dedicated generation assets.

Regulatory Disclosure

The disclosure was made by Sahyadri Industries Limited to both the Bombay Stock Exchange and the National Stock Exchange of India Limited in compliance with Regulation 30 of the applicable listing regulations. The intimation was signed by Rajib Kumar Gope, Company Secretary and Compliance Officer (Membership No. F8417), on behalf of the company.