Sugs Lloyd Limited , a power infrastructure and EPC solutions company, has announced its unaudited financial results for the half year ended September 30, 2025, reporting strong growth and significant changes to its board structure.

Financial Performance

The company reported a robust financial performance for H1 FY26:

The significant year-over-year growth in revenue and profit underscores the company's strong market position and operational efficiency.

Key Financial Highlights

• The company reported a 91% growth in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and a 94% growth in PAT (Profit After Tax) for the half year.
• EBITDA for H1 FY26 stood at ₹1,999.13 lakhs.
• Earnings per share (EPS) for the half-year reached ₹5.10, compared to ₹4.15 in the same period last year.
• Cash and cash equivalents increased substantially to ₹5,845.21 lakhs as of September 30, 2025, up from ₹66.77 lakhs at the end of the previous fiscal year.
• The company maintains a robust order book of ₹409.59 crore, providing 24-30 months execution visibility.
• Sugs Lloyd holds over 50% market share in Fault Passage Indicator technology.

Board Restructuring

Sugs Lloyd Limited announced several changes to its board structure, subject to shareholder approval:

1. Mr. Kapil Dev Marwah: Redesignated from Whole Time Director to Executive Director.
2. Mrs. Priti Shah: Redesignated from Managing Director to Whole Time Director.
3. Mr. Santosh Kumar Shah: Redesignated from Non-Executive Director to Managing Director and Executive Chairman.

These changes aim to strengthen the company's leadership and streamline its management structure.

Initial Public Offering

The company successfully completed its initial public offering (IPO) of 6,964,000 equity shares at ₹123 per share. The shares were listed on the BSE SME platform on September 5, 2025, marking a significant milestone in the company's growth journey.

Outlook

With strong financial performance, successful IPO, strategic board restructuring, and a significant market share in key technologies, Sugs Lloyd Limited appears well-positioned for continued growth in the power infrastructure and EPC solutions sector. The company's increased cash reserves, robust revenue growth, and substantial order book provide a solid foundation for future expansion and market opportunities.

Note: All financial figures are based on unaudited consolidated results for the half year ended September 30, 2025.

Sugs Lloyd Limited (SLL), a company specializing in solar energy, electrical transmission and distribution, and civil EPC projects, has received credit ratings from CARE Ratings Limited for its bank facilities totaling ₹125 crore. The ratings reflect the company's growing operations, healthy profitability, and strong order book position.

Credit Ratings Breakdown

Key Strengths

1. Experienced Promoters: SLL benefits from the leadership of Priti Shah and Santosh Kumar Shah, who have around two decades of experience in the electrical transmission and distribution industry.

2. Growing Operations: The company's total operating income (TOI) grew at a compound annual growth rate (CAGR) of 97.81% for four years, reaching ₹176.20 crore, up from ₹65.13 crore in the previous year.

3. Healthy Profitability: SLL maintained a comfortable PBILDT (Profit Before Interest, Lease, Depreciation, and Tax) margin of 14.63%.

4. Strong Order Book: As of July 31, SLL's order book stood at ₹470.94 crore, approximately 2.67 times its gross sales, providing medium-term revenue visibility.

5. Improved Capital Structure: The company's capital structure improved significantly following an equity infusion of ₹85.65 crore from IPO proceeds in September.

Challenges

1. Working Capital Intensive Operations: The company's working capital cycle stood at 112 days, primarily due to extended receivable days of 116 days.

2. Competitive Industry: SLL operates in a tender-based business environment with intense competition, which may pressure profitability margins.

Financial Performance

A: Audited, UA: Unaudited

Outlook

CARE Ratings has assigned a 'Stable' outlook to Sugs Lloyd Limited, indicating confidence in the company's ability to maintain its financial performance. The ratings agency believes that SLL will continue to benefit from the experience of its promoters in the industry.

While the company faces challenges such as working capital intensity and competitive pressures, its strong order book and improved capital structure post-IPO provide a solid foundation for future growth.