Sarup Industries has resubmitted its unaudited financial results for the quarter ended June 30, after an initial filing error. The company, which specializes in manufacturing shoes and shoe uppers, reported a significant increase in net profit and a modest growth in total income from operations.

Resubmission of Financial Results

The company initially filed an Auditor's report instead of the required Limited Review Report along with its Q1 results. Sarup Industries has now rectified this error by resubmitting the unaudited financial results along with the correct Limited Review Report issued by Y.K. SUD & CO, Chartered Accountants, the statutory auditors of the company.

In a statement to the BSE, the company confirmed that there are no changes to the financial figures approved by the board on August 1. The resubmission was made to comply with regulatory requirements and ensure transparency in financial reporting.

Financial Highlights

For the quarter ended June 30, Sarup Industries reported the following key financial metrics:

The company witnessed a substantial year-on-year growth in net profit, which more than doubled from Rs. 5.18 lacs in the previous year's Q1 to Rs. 11.60 lacs in the current Q1, representing a 124% increase. This growth in profitability is noteworthy, especially considering the modest 9.1% increase in total income from operations.

Operational Performance

Sarup Industries operates in a single segment, focusing on the manufacturing of shoes and shoe uppers. The company's earnings per share (EPS) for the quarter stood at Rs. 0.36, compared to Rs. 0.16 in the same period last year, reflecting the improved profitability.

Limited Review Report

The Limited Review Report, conducted by Y.K. SUD & CO, Chartered Accountants, stated that based on their review, nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view of the company's affairs. This provides assurance to investors regarding the accuracy and reliability of the reported financial information.

Conclusion

Sarup Industries' Q1 results demonstrate strong profit growth despite moderate revenue increase, potentially indicating improved operational efficiency or cost management. The company's prompt correction of the filing error also reflects its commitment to regulatory compliance and transparent communication with stakeholders.

Sarup Industries has reported a significant improvement in its financial performance for the quarter ended June 30, 2025. The shoe and shoe uppers manufacturer saw its net profit more than double, accompanied by an increase in revenue and a notable reduction in finance costs.

Financial Highlights

• Net Profit: Rs 11.60 lacs, up 124% from Rs 5.18 lacs in Q1 FY25
• Total Income: Rs 392.79 lacs, increased from Rs 360.03 lacs year-over-year
• Earnings Per Share (EPS): Improved to Rs 0.36 from Rs 0.16

Key Performance Indicators

Operational Performance

Sarup Industries demonstrated resilience in its operations, with total income from operations rising by 9.1% year-over-year. The company managed to achieve this growth despite an increase in the cost of materials consumed and employee benefit expenses.

Cost Management

A notable aspect of the company's performance was the significant reduction in finance costs, which decreased by 43.7% to Rs 26.01 lacs from Rs 46.18 lacs in the same quarter last year. This reduction played a crucial role in boosting the company's profitability.

Board Approval and Audit Review

The unaudited financial results were approved by the Board of Directors at a meeting held on August 1, 2025. The results have undergone a limited review by the company's statutory auditors, Y.K. Sud & Co., Chartered Accountants, as required under SEBI regulations.

Shareholding Pattern

As of the quarter end, the promoter and promoter group hold 74.36% of the company's shares, with no shares pledged. The remaining 25.64% is held by the public.

Investor Relations

The company reported no pending investor complaints for the quarter, reflecting positively on its investor relations management.

Sarup Industries continues to operate in a single segment, focusing on the manufacturing of shoes and shoe uppers. The company's improved financial performance, particularly the substantial increase in net profit, may be seen as a positive indicator for its shareholders and potential investors in the footwear manufacturing sector.