Suryo Foods & Industries Q1 Results: Net loss widens to ₹187k

Suryo Foods & Industries reported a net loss of ₹187,000 for the quarter ended June 30, 2026 (Q1FY26), marking a reversal from the profit of ₹185,000 recorded in the corresponding period of the previous year. The decline was driven by higher other expenses, which rose to ₹1,047,000 from ₹662,000 in Q1FY25, despite total income remaining flat at ₹1,361,000. The company’s Board of Directors approved these unaudited financial results on August 10, 2026, alongside key governance appointments and the scheduling of its 37th Annual General Meeting (AGM).

The financial performance reflects a challenging operating environment where revenue from operations remained nil, with total income derived entirely from other sources. While depreciation and employee benefit expenses saw marginal decreases or stability, the significant spike in other expenses pressured the bottom line. The loss per share stood at ₹0.03, compared to earnings per share of ₹0.05 in Q1FY25.

Key Financial Metrics

Particulars	Q1FY26 (₹ in thousands)	Q1FY25 (₹ in thousands)	Change
Revenue from Operations	-	-	-
Other Income	1,361	1,361	0%
Total Income	1,361	1,361	0%
Total Expenses	1,548	1,176	+31.6%
Net Profit / (Loss)	(187)	185	Turned to Loss
EPS (Basic)	(0.03)	0.05	-

Governance and Appointments

Alongside the financial results, the Board made several strategic appointments to strengthen its leadership and compliance framework. Mr. Rajiv Kumar Moharana has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 10, 2026. He brings over 15 years of experience in accounts and finance, holding degrees in Masters in Commerce and Master in Business Administration.

The Board also recommended the re-appointment of Mrs. Annapurna Dash as a Non-Executive, Non-Independent Director, liable to retire by rotation. Her re-appointment is subject to shareholder approval at the upcoming AGM. Mrs. Dash is related to Chairman & Managing Director Mr. Amarendra Dash and Director & CEO Mr. Aditya Dash.

AGM and Compliance Details

The company has scheduled its 37th Annual General Meeting for Monday, September 28, 2026, at 11:30 A.M. at its registered office in Bhubaneswar. The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026 (both days inclusive) to determine eligibility for the meeting.

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company appointed M/s. Saroj Ray & Associates as its Secretarial Auditor for the financial year 2026-27. The firm, with over 21 years of experience, will conduct the audit in accordance with Section 204 of the Companies Act, 2013. The financial results were reviewed by Sanjit Mohanty & Co., Chartered Accountants, under Standard on Review Engagements (SRE) 2410.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.06%	-4.71%	+0.50%	-30.27%	-11.55%	+130.64%

Suryo Foods & Industries Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 4, 2026. The company reported a net loss of Rs 3,180 thousand for the financial year, a significant decline from the net profit of Rs 2,487 thousand recorded in the previous year ended March 31, 2025. The statutory auditors, Sanjit Mohanty & Co., issued an unmodified opinion on the audited financial results.

Financial Performance Overview

The standalone financial results reveal challenging operational conditions during FY26. Total income for the year stood at Rs 5,479 thousand, down from Rs 6,313 thousand in the previous year. The company reported no income from operations during the reported financial year, with all income classified under other income. Total expenses increased substantially to Rs 8,353 thousand in FY26 compared to Rs 3,974 thousand in FY25. This increase was primarily driven by other expenses, which rose to Rs 6,174 thousand from Rs 2,086 thousand in the previous year. Employee benefit expenses also increased to Rs 907 thousand from Rs 580 thousand, while depreciation and amortization expenses stood at Rs 1,272 thousand compared to Rs 1,308 thousand in the prior year.

The following table summarizes the key annual financial metrics:

Metric:	Year Ended Mar 31, 2026	Year Ended Mar 31, 2025
Total Income (Rs in '000):	5,479	6,313
Total Expenses (Rs in '000):	8,353	3,974
Net Profit / (Loss) (Rs in '000):	(3,180)	2,487
Basic & Diluted EPS (Rs):	(0.46)	0.63
Paid-up Equity Share Capital (Rs in '000):	69,300	39,600

Quarterly Performance

For the quarter ended March 31, 2026, the company reported a net loss of Rs 3,582 thousand, compared to a net profit of Rs 2,100 thousand in the same quarter of the previous year. Basic and diluted earnings per share for the quarter stood at (Rs 0.52), compared to Rs 0.53 in the corresponding quarter of the previous year. The paid-up equity share capital increased to Rs 69,300 thousand from Rs 39,600 thousand, reflecting the rights issue undertaken during the financial year.

Metric:	Q4 FY26	Q3 FY26	Q4 FY25
Total Income (Rs in '000):	1,366	1,361	3,318
Total Expenses (Rs in '000):	4,652	1,948	1,366
Net Profit / (Loss) (Rs in '000):	(3,582)	(587)	2,100
Basic & Diluted EPS (Rs):	(0.52)	(0.15)	0.53

Balance Sheet and Cash Flow Position

The balance sheet as of March 31, 2026, shows total assets of Rs 38,244 thousand, compared to Rs 32,857 thousand in the previous year. Property, plant and equipment stood at Rs 24,557 thousand, while cash and cash equivalents increased significantly to Rs 6,658 thousand from Rs 315 thousand. Equity share capital increased to Rs 69,300 thousand from Rs 39,600 thousand, while other equity stood at (Rs 38,557) thousand compared to (Rs 65,079) thousand in the previous year.

The cash flow statement reveals a net cash inflow from financing activities of Rs 59,400 thousand, primarily from proceeds from the issue of equity shares through the rights issue. The company undertook a rights issue of 29,70,000 equity shares at a price of Rs 20 per share, including a premium of Rs 10 per share. Net cash outflow from operating activities was Rs 53,057 thousand, while net increase in cash and cash equivalents for the year stood at Rs 6,343 thousand.

Cash Flow Item:	FY26 (Rs in '000)	FY25 (Rs in '000)
Net Cash from Operating Activities:	(53,057)	634
Net Cash from Investing Activities:	-	(1,142)
Net Cash from Financing Activities:	59,400	-
Net Increase / (Decrease) in Cash:	6,343	(508)
Closing Cash & Cash Equivalents:	6,658	315

Board Decisions and Leadership Changes

The Board of Directors, in their meeting held on May 4, 2026, approved several key matters including the audited financial results, the report of the secretarial auditor for the financial year 2025-26, and the Monitoring Agency Report. The meeting commenced at 12:00 P.M. and concluded at 2:10 P.M. In a significant development, the Board accepted the resignation of Mr. Bijay Kumar Dash from the position of Chief Financial Officer of the company, effective from the close of business hours on May 4, 2026. The resignation was tendered due to personal commitments and pre-occupation. The information was submitted to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.