Sarup Industries Limited announced the outcome of its board meeting held on February 13, 2026, at 4:30 PM at the company's office in P.O. Ramdaspura, Jalandhar, Punjab. The board approved unaudited financial results for Q3FY26 ended December 31, 2025, and made significant changes to key management personnel.

Financial Performance Overview

The company reported total income from operations of ₹353.85 lacs for Q3FY26, representing a decline from ₹468.58 lacs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹5.41 lacs, significantly lower than ₹12.63 lacs reported in Q3FY25. The earnings per share (EPS) for the quarter was ₹0.17, down from ₹0.39 in the previous quarter.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Sarup Industries recorded total income of ₹1,174.25 lacs compared to ₹1,113.04 lacs in the corresponding period of the previous year, showing growth of approximately 5.5%. However, net profit for the nine-month period was ₹29.63 lacs, substantially lower than ₹436.33 lacs in the previous year.

CFO Transition and New Appointment

The board meeting witnessed significant leadership changes as CA Gagandeep resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from February 13, 2026, citing personal reasons. The board accepted his resignation and acknowledged his contributions during his tenure. Following the recommendation of the Nomination and Remuneration Committee, the board appointed Ms. Rajwinder Kaur as the new Chief Financial Officer and Key Managerial Personnel with effect from February 13, 2026.

Compliance and Regulatory Framework

The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) and were reviewed by the Audit Committee before board approval. The statutory auditors M/s Y.K. SUD & CO, Chartered Accountants, have issued their limited review report as required under SEBI regulations. The company has submitted all necessary details to the exchanges as per Regulation 30 of the SEBI (LODR) Regulations, 2015, with Company Secretary Megha Gandhi overseeing the compliance requirements.

Sarup Industries Limited , a manufacturer of shoes and shoe uppers, has announced its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a modest increase in net profit and revenue compared to the previous quarter.

Financial Highlights

Key Observations

Revenue Growth

The company's net sales for Q2 FY26 stood at Rs 427.52 lakhs, showing an increase of 8.9% compared to Q1 FY26 and a 50.8% year-on-year growth.

Profit Margins

The net profit margin remained at 2.95% for Q2 FY26, unchanged from Q1 FY26.

Expenses

Total expenses for Q2 FY26 were Rs 415.01 lakhs, with the cost of materials consumed at Rs 84.79 lakhs and finance costs at Rs 30.89 lakhs.

Balance Sheet Changes

As of September 30, 2025, the company's total assets increased to Rs 6,971.31 lakhs from Rs 6,947.10 lakhs in March 2025. Non-current borrowings rose to Rs 3,779.87 lakhs from Rs 3,592.73 lakhs.

Cash Flow

The cash flow statement for H1 FY26 shows a slight decrease in cash and cash equivalents, from Rs 75.61 lakhs at the beginning of the period to Rs 75.56 lakhs at the end.

Management Commentary

The Board of Directors approved these results during a meeting held on November 13, 2025, at the company's office in Jalandhar, Punjab. The results were reviewed by statutory auditors Y.K. SUD & CO, Chartered Accountants.

Outlook

While Sarup Industries has shown improvement in its top-line performance, the company's profitability remains a concern. The increase in non-current borrowings may indicate expansion plans or working capital needs, which investors should monitor closely.

Note: The financial results are unaudited and subject to limited review by the company's statutory auditors.