Sakthi Sugars FY26 profit falls, Q4 gains from APTEL order

1 min read     Updated on 27 May 2026, 08:51 PM
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Sakthi Sugars Limited reported a decline in annual net profit to ₹2813.45 lakh for FY26, down from ₹7997.12 lakh in the previous year, despite a strong quarterly performance in Q4. The Q4 profit of ₹8650.10 lakh was driven by the recognition of income from an APTEL judgment, though revenue for the quarter decreased year-on-year. Segment-wise, the Power division remained profitable, while the Sugar segment incurred a loss before tax and finance costs.

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Sakthi Sugars Limited reported a net profit of ₹2813.45 lakh for the financial year ended March 31, 2026, a decrease from ₹7997.12 lakh in the previous year. Revenue from operations for FY26 stood at ₹89897.02 lakh, compared to ₹92854.06 lakh in FY25. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026.

Financial Performance for FY26

Total expenses for the year increased to ₹94726.02 lakh from ₹98448.07 lakh in the prior year. The company reported earnings per share (EPS) of ₹2.37 for FY26, down from ₹6.73 in the previous year. The statutory auditors, M/s. P.N.Raghavendra Rao & Co., issued an unmodified opinion on the standalone financial results.

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Revenue from Operations 89897.02 92854.06
Total Income 98537.11 98932.86
Total Expenses 94726.02 98448.07
Net Profit for the Period 2813.45 7997.12

Quarterly Results and APTEL Impact

For the quarter ended March 31, 2026, the company reported a net profit of ₹8650.10 lakh, a sharp increase from ₹7409.55 lakh in the corresponding quarter of the previous year. Revenue from operations for Q4 FY26 was ₹30192.41 lakh, down from ₹32183.25 lakh in Q4 FY25.

The quarterly profit was significantly boosted by the recognition of income related to an Appellate Tribunal for Electricity (APTEL) judgment. The company recognized differential tariff income of ₹4410.64 lakh and carrying cost of ₹3800.47 lakh, aggregating to ₹8211.11 lakh. The auditors included an emphasis of matter noting that actual amounts recoverable remain subject to determination by the Tamil Nadu Electricity Regulatory Commission (TNERC).

Segment Performance

The company operates across Sugar, Industrial Alcohol, Power, and Soya Products segments. For the year ended March 31, 2026, the Power segment reported a profit before tax and finance cost of ₹10566.91 lakh, while the Sugar segment reported a loss of ₹3231.30 lakh before tax and finance costs. The Industrial Alcohol segment reported a profit of ₹2635.40 lakh before tax and finance costs.

Historical Stock Returns for Sakthi Sugars

1 Day5 Days1 Month6 Months1 Year5 Years
+0.33%+2.94%+0.55%-5.60%-28.50%+51.75%

What is the expected timeline for the Tamil Nadu Electricity Regulatory Commission (TNERC) to determine the actual recoverable amounts from the APTEL judgment?

Will the company implement specific cost-cutting measures or strategic shifts to reverse the Sugar segment's reported losses?

How sustainable is the Power segment's profitability without the one-time boost from the APTEL-related income?

Promoter M. Manickam acquires 1.69cr shares in Sakthi Sugars

1 min read     Updated on 20 May 2026, 07:51 PM
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Promoter M. Manickam acquired 1,68,60,000 shares of Sakthi Sugars Limited from ABT Investments (India) Private Limited for ₹26,90,85,600. The inter se transfer, executed on May 4, 2026, increased Manickam's holding to 15.79% while the total promoter group shareholding remained constant at 59.83%. The transaction was completed under SEBI Takeover Code Regulation 10(1)(a)(ii) exemption.

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M. Manickam, a promoter of Sakthi Sugars Limited , has disclosed the acquisition of 1,68,60,000 equity shares via an inter se transfer. The transaction, which took place on May 4, 2026, involved the purchase of shares from ABT Investments (India) Private Limited, another entity within the promoter group.

The acquisition was conducted at a price of ₹15.96 per share, resulting in a total consideration of ₹26,90,85,600. This transfer was executed in accordance with the exemption provided under Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation allows for inter se transfers among promoters and promoter group companies without triggering an open offer, provided specific conditions are met.

Shareholding Details

The disclosure outlines the changes in shareholding for both the acquirer and the seller as a result of this transaction. The acquisition has increased M. Manickam's direct stake in the company, while the aggregate shareholding of the promoter and promoter group remains unchanged.

Shareholder Shares Before Acquisition % Before Acquisition Shares After Acquisition % After Acquisition
M. Manickam 19,14,200 1.61 1,87,74,200 15.79
ABT Investments (India) Pvt Ltd 6,64,73,540 55.93 4,96,13,540 41.75
Promoter and Promoter Group Total 7,11,13,177 59.83 7,11,13,177 59.83

Regulatory Compliance

Prior intimation regarding this proposed acquisition was submitted to the stock exchanges on April 17, 2026, in compliance with Regulation 10(5) of the SEBI Takeover Code. Subsequently, the necessary disclosures under Regulation 10(6) and Regulation 10(7) were filed on May 5, 2026, and May 14, 2026, respectively. The acquirer confirmed that the transfer price does not exceed the volume-weighted average market price (VWAP) by more than 25%, calculated over the 60 trading days preceding the notice. The regulatory fee for the transaction was remitted to SEBI.

Historical Stock Returns for Sakthi Sugars

1 Day5 Days1 Month6 Months1 Year5 Years
+0.33%+2.94%+0.55%-5.60%-28.50%+51.75%

Will M. Manickam's significantly increased direct stake of 15.79% lead to any changes in the board composition or strategic direction of Sakthi Sugars Limited?

Could ABT Investments (India) Private Limited's reduced stake from 55.93% to 41.75% signal a broader restructuring of the promoter group's holding structure in Sakthi Sugars?

How might this consolidation of shares under M. Manickam's direct ownership impact minority shareholders' confidence and the stock's liquidity on the exchanges?

More News on Sakthi Sugars

1 Year Returns:-28.50%