Sarup Industries Limited reported a net profit of ₹56.83 lakh for the financial year ended March 31, 2026, a sharp decline from ₹478.87 lakh in the previous year. Revenue from operations for the year stood at ₹1,608.45 lakh, compared to ₹1,597.16 lakh in FY25. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹27.20 lakh, down from ₹42.54 lakh in the same period last year. Total income for the quarter was ₹482.38 lakh, slightly lower than ₹489.49 lakh in Q4FY25. The statutory auditors, M/s Y.K. Sud & Co, issued an unmodified opinion on the standalone financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's total assets as of March 31, 2026, were valued at ₹6,254.05 lakh, a decrease from ₹6,570.71 lakh in the previous year. Cash and cash equivalents reduced to ₹38.25 lakh from ₹75.61 lakh at the end of FY25. The company operates in a single segment, the manufacturing of shoes and shoe uppers, and has adopted Indian Accounting Standards (Ind AS).

Sarup Industries Limited announced the outcome of its board meeting held on February 13, 2026, at 4:30 PM at the company's office in P.O. Ramdaspura, Jalandhar, Punjab. The board approved unaudited financial results for Q3FY26 ended December 31, 2025, and made significant changes to key management personnel.

Financial Performance Overview

The company reported total income from operations of ₹353.85 lacs for Q3FY26, representing a decline from ₹468.58 lacs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹5.41 lacs, significantly lower than ₹12.63 lacs reported in Q3FY25. The earnings per share (EPS) for the quarter was ₹0.17, down from ₹0.39 in the previous quarter.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Sarup Industries recorded total income of ₹1,174.25 lacs compared to ₹1,113.04 lacs in the corresponding period of the previous year, showing growth of approximately 5.5%. However, net profit for the nine-month period was ₹29.63 lacs, substantially lower than ₹436.33 lacs in the previous year.

CFO Transition and New Appointment

The board meeting witnessed significant leadership changes as CA Gagandeep resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from February 13, 2026, citing personal reasons. The board accepted his resignation and acknowledged his contributions during his tenure. Following the recommendation of the Nomination and Remuneration Committee, the board appointed Ms. Rajwinder Kaur as the new Chief Financial Officer and Key Managerial Personnel with effect from February 13, 2026.

Compliance and Regulatory Framework

The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) and were reviewed by the Audit Committee before board approval. The statutory auditors M/s Y.K. SUD & CO, Chartered Accountants, have issued their limited review report as required under SEBI regulations. The company has submitted all necessary details to the exchanges as per Regulation 30 of the SEBI (LODR) Regulations, 2015, with Company Secretary Megha Gandhi overseeing the compliance requirements.