Singer India Limited Singer India Limited reported a return to profitability in the first quarter of FY27, with net profit rising to ₹3.00 crore from a loss of ₹2.36 crore in the corresponding period of FY26. The company’s revenue from operations grew 57% year-on-year to ₹144.55 crore, reflecting robust demand in its core business segments.

The Board of Directors approved the unaudited financial results on August 12, 2026. B S R & Co. LLP served as the statutory auditor, issuing an unmodified limited review report on the interim financial information prepared under Ind AS 34.

Financial Performance

Revenue growth was broad-based but led by the sewing machines division. Total income stood at ₹146.47 crore, including other income of ₹1.92 crore. Expenses were managed effectively, with total expenses at ₹142.43 crore against total income, resulting in a profit before tax of ₹4.04 crore.

Earnings per share (basic) were ₹0.48, compared to a loss per share of ₹0.38 in Q1FY26.

Segment Analysis

The sewing machines and related accessories segment remained the primary profit driver, contributing ₹115.04 crore to revenue and reporting a segment result of ₹12.74 crore. This compares to ₹66.43 crore in revenue and ₹4.74 crore in segment result for the same quarter last year.

In contrast, the domestic appliances segment continued to operate at a loss. It generated ₹29.51 crore in revenue but reported a segment loss of ₹3.10 crore, widening slightly from a loss of ₹2.36 crore in Q1FY26.

What the Numbers Show

The divergence between segment profitability and consolidated net profit highlights the impact of unallocated costs. While the sewing machines segment delivered a healthy margin, the company incurred ₹6.16 crore in unallocable other expenses during the quarter. These overheads, combined with the losses in the domestic appliances unit, absorbed a significant portion of the operating surplus generated by the core business.

Balance Sheet and Capital Structure

Total assets increased to ₹290.32 crore as on June 30, 2026, from ₹231.61 crore a year earlier. This expansion was driven by growth in the sewing machines segment, where assets rose to ₹159.33 crore from ₹113.01 crore. Total liabilities stood at ₹108.69 crore.

During FY26, the company raised ₹448.55 lakh through a preferential allotment of equity shares at ₹79.59 per share. The proceeds are designated for expanding manufacturing facilities and developing tools and equipment for sewing machines, with utilization planned by March 31, 2028.

Dividend and Governance

The Board proposed a final dividend of ₹0.40 per equity share for FY26, which was approved by shareholders at the Annual General Meeting held on August 7, 2026. The company continues to implement its Employee Stock Option Plan 2023, with 21.44 lakh options currently vested.

Singer India Limited shareholders overwhelmingly approved the company’s audited financial statements for FY26, declared a final dividend on equity shares, and re-appointed Director Gavin John Walker at its 48th Annual General Meeting (AGM) held on August 7, 2026. The resolutions passed with 99.99% support, reflecting strong confidence in the company’s governance and financial reporting integrity. The meeting was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), ensuring broad accessibility for investors across geographies.

The voting process, overseen by Varuna Mittal & Associates as the independent scrutinizer, saw participation from 118 members representing 24,003,848 votes out of a total of 622,191,117 shares held by 23,053 shareholders on the record date of July 31, 2026. Remote e-voting ran from August 4 to August 6, 2026, while live e-voting occurred during the AGM session. Only 229 votes were cast against any of the three ordinary resolutions, amounting to 0.001% of total polled votes.

The promoter group, holding 189,679,40 shares, voted unanimously in favour of all resolutions. Institutional investors also showed full support, while non-institutional public shareholders provided 99.99% backing. No invalid or rejected votes were recorded, underscoring the robustness of the electronic voting infrastructure managed by National Securities Depository (India) Limited (NSDL).

Governance and Compliance

The AGM complied with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013. Varuna Mittal & Associates submitted its consolidated scrutinizer’s report on August 10, 2026, confirming that all procedural requirements — including notice dispatch, newspaper advertisements in Financial Express and Jansatta, and access to annual reports for unregistered email holders — were fulfilled. The Company Secretary, Rupinder Kaur, countersigned the report, affirming adherence to regulatory norms.

Non-Executive Directors Kalliopi Tsiagka and Gavin John Walker were absent from the virtual session, though Walker’s re-appointment was still approved by rotation. Statutory auditors B S R & Co. LLP and secretarial auditors H.O. Gulati & Co. attended to address queries regarding their clean audit reports, which contained no qualifications or adverse remarks.

What the Numbers Show

The near-unanimous approval across all stakeholder categories — promoters, institutions, and retail investors — signals entrenched trust in Singer India’s leadership and financial transparency. With only 229 dissenting votes spread across three critical resolutions, there is no material opposition to current management direction or dividend policy. This outcome reinforces stability ahead of future strategic initiatives outlined by Vice Chairman and Managing Director Rakesh Khanna during the meeting.