Sona Machinery reported a 10.96% year-on-year decline in revenue from operations to ₹84.51 crore for the financial year ended March 31, 2026, resulting in a net loss of ₹3.46 crore. The company attributed the performance to the deferral of rice industry orders worth approximately ₹20 crore and a subdued industrial environment. Additionally, EBITDA turned negative at ₹3.46 crore due to lower-margin ethanol project orders and cost overruns.

Financial Performance for FY26

The company’s financial results for FY26 reflect the impact of a weak industrial environment and excess capacity in the ethanol industry. Revenue from operations decreased from ₹94.92 crore in the previous fiscal year to ₹84.51 crore. The deferral of orders, originally scheduled for March 2026, was primarily due to the Middle East conflict.

Profitability metrics deteriorated as the company focused on establishing its presence in the ethanol segment. The loss in EBITDA was driven by lower-margin project orders, longer execution cycles in the new vertical, and operating losses from deferred rice orders.

Segment-wise and Operational Highlights

Sona Machinery noted that EBITDA margins declined due to negative operating leverage from lower volumes. The company had taken on lower-margin ethanol project orders to establish a presence in the segment, which impacted overall profitability. Despite the revenue decline, the gross profit percentage remained relatively stable at 40.66% compared to 41.07% in the previous year.

Half-Yearly Performance Comparison

The second half of the fiscal year saw a sharper contraction in performance compared to the first half. H2 FY26 revenue stood at ₹41.11 crore, a significant drop from the ₹55.09 crore recorded in H2 FY25. The company reported a net loss of ₹4.37 crore in H2 FY26, contrasting with a profit of ₹1.18 crore in the corresponding period of the previous year.

Balance Sheet Position

As of March 31, 2026, the company’s total equity and liabilities stood at ₹89.10 crore, a decrease from ₹95.39 crore in the previous year. Shareholders' funds reduced to ₹65.83 crore from ₹69.30 crore. The balance sheet reflects an expansion in manufacturing capacity, with capital work-in-progress increasing to ₹9.98 crore from ₹2.18 crore, indicating ongoing investment in the new 90,000+ sq. ft. manufacturing facility.

Financial Summary for FY26

Looking ahead, the company stated its intention to transition from a machinery manufacturer to a technology-driven, integrated agri-processing solutions provider. Strategic objectives include scaling up turnkey and EPC project execution, strengthening presence in the grain-based distillery segment, and expanding global footprint in Africa, Southeast Asia, and the Middle East.

Sona Machinery Limited has appointed Ms. Jyoti Sachdeva as its Company Secretary & Compliance Officer effective June 6, 2026, following the resignation of Ms. Supriya. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Ms. Supriya resigned from the position for personal reasons, with her resignation effective from the same date.

Ms. Jyoti Sachdeva is a qualified Company Secretary and an associate member of the Institute of Company Secretaries of India. She holds a postgraduate degree and an LLB, bringing strong academic and professional credentials to the role. Her experience includes managing compliance for both listed and unlisted companies, with a specialization in corporate governance and comprehensive compliance under the Companies Act and SEBI regulations.

The company confirmed that Ms. Jyoti Sachdeva is not related to any Director of the company. The changes were disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Change