Super Iron Foundry FY26 net profit rises 55% to ₹1,666.36 lakh

1 min read     Updated on 29 May 2026, 06:57 PM
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AI Summary

Super Iron Foundry Ltd reported a consolidated net profit of ₹1,666.36 lakh for FY26, a 55% increase from the previous year, driven by a rise in revenue to ₹25,594.84 lakh. Standalone net profit fell to ₹506.67 lakh, while standalone revenue grew to ₹18,539.39 lakh. The company's Board approved the audited financial results on May 29, 2026, and noted the establishment of two foreign subsidiaries. Compliance with new Labour Codes was confirmed, with no material impact on obligations.

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Super Iron Foundry Ltd reported a consolidated net profit of ₹1,666.36 lakh for the financial year ended March 31, 2026, an increase of 55% from ₹1,075.21 lakh in the previous year. Revenue from operations rose to ₹25,594.84 lakh for FY26, compared to ₹15,869.68 lakh in FY25. The Board of Directors approved the audited financial results for the standalone and consolidated entities during a meeting held on May 29, 2026.

Financial Performance

The standalone net profit for the year stood at ₹506.67 lakh, a decline from ₹1,075.21 lakh in the prior year, while standalone revenue from operations increased to ₹18,539.39 lakh from ₹15,869.68 lakh. The company reported basic and diluted earnings per share (EPS) of ₹7.12 on a consolidated basis for FY26, up from ₹6.26 in the previous year. On a standalone basis, the EPS was ₹2.17 for FY26.

Metric FY26 (₹ in lakhs) FY25 (₹ in lakhs)
Consolidated Revenue 25,594.84 15,869.68
Consolidated Net Profit 1,666.36 1,075.21
Standalone Revenue 18,539.39 15,869.68
Standalone Net Profit 506.67 1,075.21
Consolidated EPS 7.12 6.26

Operational Highlights and Subsidiaries

The company established two wholly-owned subsidiaries during the year: SIF Saudi Arabia Company Limited and SIF International FZE in the UAE. The consolidated financial results include the performance of these subsidiaries. The auditors, Baid Agarwal Singhi & Co., stated that the financial statements of the subsidiaries were audited by other auditors, and their opinion on the consolidated amounts is based solely on those reports. The company operates in a single business segment, Iron and Steel foundry.

Compliance and Disclosures

The financial results were prepared in accordance with the accounting standards prescribed under Section 133 of the Companies Act, 2013. The trading window for dealing in the company's securities will open 48 hours after the results were made public on May 29, 2026. The company also noted compliance with the new Labour Codes notified by the Government of India, stating the impact on employee benefit obligations was immaterial.

Historical Stock Returns for Super Iron Foundry

1 Day5 Days1 Month6 Months1 Year5 Years
-1.42%-4.76%-8.16%+11.11%+28.76%-56.14%

What is the strategic rationale behind establishing subsidiaries in Saudi Arabia and the UAE, and how will they contribute to future revenue growth?

How will the company manage the divergence between standalone and consolidated profitability in the coming fiscal year?

What capital expenditure plans are in place to support the significant increase in operational capacity and revenue?

Super Iron Foundry Ltd Grants ₹4,50,00,000 Term Loan to Wholly Owned Subsidiary SIF International FZE

1 min read     Updated on 13 May 2026, 07:46 PM
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AI Summary

Super Iron Foundry Ltd disclosed on May 13, 2026, the grant of a term loan of ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs) to its wholly owned subsidiary SIF International FZE for working capital purposes. This disbursement represents the first tranche of a total loan agreement valued at ₹15,00,00,000 (Rupees Fifteen Crore), structured as a five-year term loan with no security provided. The disclosure was made under Regulation 30 of the SEBI Listing Regulations and filed with BSE Limited.

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Super Iron Foundry Ltd has made a regulatory disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges of a term loan granted to its wholly owned subsidiary. The company extended a loan of ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs) to SIF International FZE on May 13, 2026, to support the subsidiary's working capital requirements. The disclosure was filed in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Loan Agreement Details

The loan agreement has been entered into between Super Iron Foundry Ltd as the lender and SIF International FZE as the borrower. The first tranche disbursed amounts to ₹4,50,00,000, which also represents the total amount currently outstanding under the arrangement. The following table summarises the key terms of the loan as disclosed:

Parameter: Details
Lender: Super Iron Foundry Ltd
Borrower: SIF International FZE
Nature of Loan: Term Loan
Total Loan Agreement Size: ₹15,00,00,000 (Rupees Fifteen Crore only)
First Tranche Amount: ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs only)
Total Amount Outstanding: ₹4,50,00,000 (Rupees Four Crore Fifty Lakhs only)
Date of Execution: May 13, 2026
Loan Term: 05 years
Security Provided: NA

Purpose and Relationship

The loan has been granted specifically to meet the working capital requirements of SIF International FZE. As a wholly owned subsidiary of Super Iron Foundry Ltd, SIF International FZE is the sole counterparty to this agreement. The disclosure notes that the transaction does not involve any issuance of shares, and no special rights such as the right to appoint directors or restrict changes in capital structure have been conferred as part of this arrangement.

Regulatory Compliance

The disclosure was submitted to BSE Limited in accordance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations. The company has confirmed that there are no other disclosures related to nominee board appointments, potential conflicts of interest, or termination and amendment provisions applicable at this stage. The filing was signed by Prashil Singh, Company Secretary and Compliance Officer (Membership No.: A78711), on behalf of Super Iron Foundry Ltd.

Historical Stock Returns for Super Iron Foundry

1 Day5 Days1 Month6 Months1 Year5 Years
-1.42%-4.76%-8.16%+11.11%+28.76%-56.14%

When does Super Iron Foundry plan to disburse the remaining ₹10.50 crore tranches to SIF International FZE, and what milestones will trigger each subsequent disbursement?

How might the unsecured nature of this ₹15 crore loan facility impact Super Iron Foundry's balance sheet and credit ratings if SIF International FZE faces financial difficulties?

What are SIF International FZE's revenue projections and business expansion plans that necessitate this working capital support, and how will they affect Super Iron Foundry's consolidated financials?

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1 Year Returns:+28.76%