Sunrise Industrial Traders profit rises 356% in Q1FY27

1 min read     Updated on 20 Jul 2026, 05:21 PM
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Sunrise Industrial Traders Limited reported a significant surge in profit for the quarter ended June 30, 2026, reaching ₹73.57 lakh, a 356% increase from the previous quarter. This growth was fueled by a ₹19.92 lakh recovery of written-off bonds from IL&FS Transportation Network Ltd and higher dividend income, which pushed total revenue to ₹136.65 lakh. The company's Total Comprehensive Income for the quarter was ₹2,270.26 lakh, largely due to fair valuation changes in equity instruments.

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Sunrise Industrial Traders Limited reported a profit of ₹73.57 lakh for the quarter ended June 30, 2026, a sharp increase compared to the ₹16.14 lakh recorded in the quarter ended March 31, 2026. Total revenue from operations rose to ₹136.65 lakh from ₹83.69 lakh in the previous quarter, driven by dividend income and an exceptional recovery of written-off bonds. The company, a Non-Systematically Important Non-Banking Financial Company, does not have separate reporting segments as it is primarily engaged in investment activities.

The financial results were reviewed by the Audit Committee on July 20, 2026. The company reported an exceptional item of ₹19.92 lakh during the quarter, representing the recovery of investments in bonds from IL&FS Transportation Network Ltd that were previously written off in 2020. This recovery significantly contributed to the profit before tax, which stood at ₹100.72 lakh for the period.

Total expenses for the quarter decreased to ₹55.85 lakh from ₹57.72 lakh in the prior quarter. Employee benefits expenses were recorded at ₹37.05 lakh, while depreciation and amortization costs stood at ₹13.02 lakh. The tax expense for the quarter amounted to ₹27.15 lakh, inclusive of current tax and tax relating to earlier years.

The company reported a Total Comprehensive Income of ₹2,270.26 lakh for the quarter, largely influenced by changes in the fair valuation of equity instruments amounting to ₹2,169.35 lakh. Earnings per equity share (basic and diluted) for the quarter were ₹14.74, compared to ₹3.24 in the preceding quarter.

A N Shah & Associates, Chartered Accountants, reviewed the unaudited financial results. The review report confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provide a true and fair view of the company's financial performance for the quarter.

Standalone Financial Results (₹ in Lakhs)

Particulars Quarter ended 30-06-2026 (Unaudited) Quarter ended 31-03-2026 (Audited) Year ended 31-03-2026 (Audited)
Total Revenue from operations 136.65 83.69 492.77
Total Expenses 55.85 57.72 200.17
Profit before tax 100.72 25.97 292.60
Net Profit / (Loss) for the period 73.57 16.14 224.93
Total Comprehensive Income 2,270.26 (2,264.63) (448.66)
Basic/Diluted Earnings per share (Rs.) 14.74 3.24 45.08

Historical Stock Returns for Sunrise Industrial Trader

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%+15.56%

How sustainable is the current revenue growth given the reliance on exceptional items like the recovery of written-off bonds?

What impact will the significant changes in the fair valuation of equity instruments have on future earnings volatility?

Are there additional recoveries expected from other written-off investments similar to the IL&FS bonds?

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Sunrise Industrial Traders schedules AGM on July 30

2 min read     Updated on 06 Jul 2026, 10:31 AM
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Sunrise Industrial Traders Limited has scheduled its 54th Annual General Meeting for July 30, 2026, at its registered office in Mumbai. The company reported a net profit of ₹224.93 lakh for FY26, a decline from ₹325.99 lakh in the previous year, while revenue fell to ₹492.77 lakh. The Register of Members will remain closed from July 23 to July 30, 2026. Remote e-voting will be available via NSDL from July 27 to July 29, 2026, for members holding shares as on July 22, 2026.

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Sunrise Industrial Traders Limited has scheduled its 54th Annual General Meeting for July 30, 2026, at its registered office in Mumbai. The company reported a net profit of ₹224.93 lakh for the financial year ended March 31, 2026, a decline from ₹325.99 lakh in the previous year. Revenue from operations fell to ₹492.77 lakh from ₹571.82 lakh in FY25, primarily driven by lower business income.

The company’s total comprehensive income for the period stood at a negative ₹448.66 lakh, compared to a positive ₹431.78 lakh in the prior year. Total expenses for the year were reported at ₹200.18 lakh, slightly lower than the ₹202.09 lakh recorded in FY25. The net profit before tax stood at ₹292.59 lakh, down from ₹455.71 lakh in the preceding year.

Annual General Meeting Details

The 54th Annual General Meeting will be held on Thursday, July 30, 2026, at 12:30 p.m. at the registered office. The Register of Members and Share Transfer Books will remain closed from July 23, 2026, to July 30, 2026, for the purpose of the AGM.

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. The e-voting period commences at 9:00 a.m. on July 27, 2026, and ends at 5:00 p.m. on July 29, 2026. Members holding shares in physical or demat form as on the cut-off date of July 22, 2026, are entitled to vote.

Financial Performance

The company’s earnings per share (EPS) for the year decreased to ₹45.08 from ₹65.33 in the previous year.

Particulars FY26 (Rs. Lakhs) FY25 (Rs. Lakhs)
Revenue from Operations 492.77 571.82
Total Expenses 200.18 202.09
Net Profit Before Tax 292.59 455.71
Net Profit After Tax 224.93 325.99
Earnings Per Share (Basic) 45.08 65.33

Corporate Governance and Compliance

The Board of Directors has recommended the ratification of the appointment of M/s. A N Shah & Associates, Chartered Accountants, as the statutory auditors for FY26. The auditors hold office up to the conclusion of the Annual General Meeting to be held in 2028. The company stated that it has complied with the conditions of Corporate Governance as stipulated in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ended March 31, 2026.

The Board of Directors consists of four members, including two independent directors. During the year, Ms. Ayushi Saraf ceased to be the Company Secretary effective May 5, 2025, and Ms. Pratiksha Salecha was appointed as Company Secretary and Compliance Officer effective September 1, 2025.

Historical Stock Returns for Sunrise Industrial Trader

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%+15.56%

What strategic initiatives will management implement to reverse the decline in revenue and net profit?

How does the company plan to address the negative total comprehensive income reported for the year?

Will the company declare a dividend at the AGM given the drop in earnings per share?

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