Sanmit Infra Limited Announces Leadership Reshuffle and Reports Quarterly Loss
Sanmit Infra Limited has appointed Mr. Kamal Kanayalal Makhija as CFO and Mr. Shlok Sanjay Makhija as CEO, effective November 13, 2025. The company reported a net loss of Rs. 116.66 lakhs for Q2 FY2026, with revenue from operations declining to Rs. 717.19 lakhs from Rs. 4,113.65 lakhs in Q2 FY2025. The petroleum and related products segment saw a significant decrease in revenue from Rs. 3,912.71 lakhs to Rs. 319.68 lakhs year-over-year.
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Sanmit Infra Limited , a diversified infrastructure company, has announced significant changes in its top management along with its financial results for the quarter ended September 30, 2025. The company reported a net loss and made key appointments in its leadership team.
Leadership Changes
The Board of Directors of Sanmit Infra Limited has approved several high-level appointments:
Mr. Kamal Kanayalal Makhija has been appointed as the new Chief Financial Officer (CFO), effective November 13, 2025. Mr. Makhija brings over 25 years of experience in Banking, Finance, and Petroleum Products to his new role.
Mr. Shlok Sanjay Makhija has been named the new Chief Executive Officer (CEO), also effective from November 13, 2025. Mr. Shlok Makhija, who has been serving as the Head of the Bitumen Division since 2018, is credited with establishing the company's Bitumen Emulsion Manufacturing Facility at Rasayani and spearheading the company's entry into Microsurfacing work projects.
These appointments follow the resignation of Mr. Dinesh Kanayalal Makhija from the position of CFO, citing other professional engagements.
Financial Performance
For the quarter ended September 30, 2025, Sanmit Infra Limited reported the following financial results:
| Particulars | Q2 FY2026 (in Rs. Lakhs) | Q2 FY2025 (in Rs. Lakhs) |
|---|---|---|
| Revenue from Operations | 717.19 | 4,113.65 |
| Total Income | 730.05 | 4,113.89 |
| Total Expenses | 887.06 | 4,166.43 |
| Net Profit/(Loss) after tax | (116.66) | (41.73) |
The company experienced a significant decrease in revenue from operations, dropping from Rs. 4,113.65 lakhs in Q2 FY2025 to Rs. 717.19 lakhs in Q2 FY2026. This decline in revenue contributed to an increased net loss of Rs. 116.66 lakhs for the quarter, compared to a loss of Rs. 41.73 lakhs in the same period last year.
Segment Performance
Sanmit Infra Limited operates in multiple segments:
- Petroleum and related products
- Biomedical Waste recycling machinery and other equipment
- Bitumen emulsion and other road construction related materials
- Microsurfacing and repair of roads and related services
The petroleum and related products segment, which has been a significant revenue generator, saw a substantial decrease in revenue from Rs. 3,912.71 lakhs in Q2 FY2025 to Rs. 319.68 lakhs in Q2 FY2026.
Looking Ahead
The appointment of new leadership comes at a challenging time for Sanmit Infra Limited, as it faces declining revenues and increased losses. The company will likely look to its new CEO and CFO to navigate these challenges and implement strategies for recovery and growth.
Investors and stakeholders will be watching closely to see how the new management team addresses the current financial situation and positions the company for future success across its diverse business segments.
Historical Stock Returns for Sanmit Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.21% | -6.34% | -13.67% | -30.77% | -34.75% | +6.53% |
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