Sudal Industries Reports Q2 Results Amid Ongoing Supreme Court Appeal
Sudal Industries Limited announced Q2 2025 results with revenue growth but decreased profitability. Revenue from operations increased by 25.92% to ₹4,496.96 lakhs, while profit before tax decreased by 56.12% to ₹51.87 lakhs compared to Q2 2024. The company's financial position remains subject to a Supreme Court appeal regarding its Pre-package Insolvency Resolution Plan. Management believes in a favorable outcome, but auditors highlight material uncertainty. Total assets stood at ₹6,388.15 lakhs with total equity of ₹2,692.74 lakhs as of September 30, 2025.
*this image is generated using AI for illustrative purposes only.
Sudal Industries Limited , a manufacturer of aluminum extrusions and downstream value-added products, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance comes amid an ongoing legal battle concerning its Pre-package Insolvency Resolution Plan (PIRP).
Financial Highlights
For the quarter ended September 30, 2025, Sudal Industries reported:
| Particulars | Q2 2025 (₹ in lakhs) | Q2 2024 (₹ in lakhs) | % Change |
|---|---|---|---|
| Revenue from Operations | 4,496.96 | 3,571.37 | +25.92% |
| Total Income | 4,507.39 | 3,580.59 | +25.88% |
| Profit Before Tax | 51.87 | 118.22 | -56.12% |
| Profit After Tax | 65.24 | 66.22 | -1.48% |
For the half-year ended September 30, 2025:
| Particulars | H1 2025 (₹ in lakhs) | H1 2024 (₹ in lakhs) | % Change |
|---|---|---|---|
| Revenue from Operations | 8,665.95 | 7,014.00 | +23.55% |
| Total Income | 8,684.10 | 7,032.73 | +23.48% |
| Profit Before Tax | 123.50 | 324.61 | -61.95% |
| Profit After Tax | 106.08 | 242.61 | -56.28% |
Operational Performance
The company witnessed a significant increase in revenue from operations, with a 25.92% year-on-year growth in Q2 2025. However, profitability has been impacted, as evidenced by the 56.12% decrease in profit before tax for the same period.
Legal Proceedings and Going Concern
Sudal Industries' financial position remains subject to the outcome of a Supreme Court appeal regarding its Pre-package Insolvency Resolution Plan (PIRP). The National Company Law Appellate Tribunal (NCLAT) had previously set aside the PIRP approved by the National Company Law Tribunal (NCLT). The company has appealed this decision in the Supreme Court, which granted a stay on the NCLAT order on October 4, 2024.
The management, based on expert legal opinion, believes in a favorable outcome of the appeal and considers it appropriate to prepare the financial results on a going concern basis. However, the auditors have highlighted this as a material uncertainty in their limited review report.
Balance Sheet Position
As of September 30, 2025, Sudal Industries reported:
| Particulars | Amount (₹ in lakhs) |
|---|---|
| Total Assets | 6,388.15 |
| Total Equity | 2,692.74 |
| Non-Current Liabilities | 1,594.10 |
| Current Liabilities | 2,209.83 |
Cash Flow and Liquidity
For the half-year ended September 30, 2025, the company reported:
- Net cash from operating activities: ₹340.21 lakhs
- Net cash used in investing activities: ₹(103.48) lakhs
- Net cash used in financing activities: ₹(387.30) lakhs
The closing cash and cash equivalents stood at ₹10.17 lakhs, compared to ₹160.74 lakhs at the beginning of the period.
While Sudal Industries has shown growth in revenue, the ongoing legal proceedings and decreased profitability present challenges for the company. The outcome of the Supreme Court appeal could significantly impact the company's future operations and financial stability.
Historical Stock Returns for Sudal Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.24% | -7.40% | -10.73% | +147.04% | +46.72% | +3,488.80% |
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