Sampann Utpadan FY26 Results: Net profit up 70% to ₹679.3 million
- Net profit after tax surged 70.8% YoY to ₹679.3 million in FY26
- Revenue from operations grew 45.4% to ₹1,426.4 million, driven by rubber division
- EBITDA expanded over threefold to ₹1,641.0 million due to operational leverage
- Company converted 8.2 million warrants into equity, raising paid-up capital
- No dividend declared; focus remains on strengthening financial position

*this image is generated using AI for illustrative purposes only.
Sampann Utpadan reported a significant improvement in profitability for FY26, with net profit after tax rising 70.2% year-on-year to ₹679.3 million. The growth was supported by a robust expansion in operating revenue, which increased 45.4% to ₹1,426.4 million.
The company's financial performance for the fiscal year ended March 31, 2026, reflects strong operational execution in its core reclaimed rubber business. While revenue surged, the bottom-line growth outpaced top-line expansion, indicating improved operational leverage and cost management during the period.
Financial Performance
The consolidated revenue from operations reached ₹1,426.4 million in FY26, compared to ₹975.1 million in the previous year. This substantial increase was primarily driven by the Reclaimed Rubber Division, which contributed approximately ₹1,344.0 million to the total revenue. The Non-Conventional Energy Division contributed a marginal ₹28.5 million, remaining relatively flat compared to the prior year.
| Metric | FY26 (₹ million) | FY25 (₹ million) | Change (%) |
|---|---|---|---|
| Revenue from Operations | 1,426.4 | 975.1 | +45.4% |
| Total Revenue | 1,436.0 | 978.3 | +46.8% |
| Net Profit After Tax | 679.3 | 397.6 | +70.8% |
| EBITDA* | 1,641.0 | 399.0 | +311.3% |
*EBITDA calculated as Profit before financial cost, depreciation, and tax.
Other income also saw a notable increase, rising to ₹96.1 million from ₹31.7 million in FY25. This was largely attributed to a gain on currency fluctuation of ₹52.8 million and duty drawback benefits of ₹26.0 million. In contrast, the previous year included an exceptional item of ₹811.2 million from the sale of Extended Producer Responsibility (EPR) certificates, which did not recur in FY26.
What the Numbers Show
A key analytical observation is the divergence between revenue growth and cost escalation. While revenue grew by 45.4%, the cost of material consumed rose by 40.2% to ₹1,139.4 million. This suggests that the company successfully passed on a portion of input cost increases to customers or benefited from favorable product mix shifts, allowing EBITDA margins to expand significantly. The absence of the large one-time EPR certificate sale in FY26 makes the current-year profit figure a more reliable indicator of recurring operational performance compared to FY25.
Capital Structure and Governance
During the year, the company converted 8.2 million convertible warrants into equity shares, increasing its paid-up capital to ₹488.1 million from ₹406.1 million. This move strengthened the equity base without diluting existing shareholders' value through fresh issuance at market rates. The Board did not declare any dividend for FY26, opting instead to retain earnings to strengthen the financial position and fund future operational requirements.
The company also announced changes in its statutory auditorship. M/s V Doogar & Associates will replace M/s D. Tayal & Jain as the statutory auditors for the next five years, effective from the conclusion of the upcoming Annual General Meeting. Additionally, the Board sought approval for the remuneration of Executive Director Sanjeetkumar Gourishankar Rath, reflecting ongoing efforts to align management compensation with performance metrics.
Historical Stock Returns for Sampann Utpadan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.36% | -1.64% | -7.18% | -11.95% | -11.65% | +186.25% |
How might the retention of earnings instead of declaring a dividend impact shareholder sentiment and future capital allocation strategies?
What are the specific operational plans for the Non-Conventional Energy Division to drive growth beyond its current marginal contribution?
Could the significant gain from currency fluctuations be sustained in FY27, or does it signal exposure to forex volatility risks?


































