Sukhjit starch & chemicals Limited has issued a clarification to stock exchanges regarding recent price movement in its shares, responding to an inquiry received on March 02, 2026. The company addressed concerns about unusual trading activity through a formal communication dated March 03, 2026.

Regulatory Compliance and Disclosure

The company emphasized its consistent compliance with regulatory requirements in its response to the exchanges. Key aspects of their clarification include:

The management stated that the company has always been prompt in sharing necessary information and developments that may impact operations, performance, or price behavior, including all unpublished price sensitive information with stock exchanges.

Market Factors Behind Price Movement

The company attributed the recent price and volume movement to external market factors beyond management control. According to the clarification, the movement may be due to:

• Market perception and analysis about the industry
• Prevailing capital market conditions
• General market sentiment

The management clarified that it does not have any new material information to share with shareholders beyond the company's financial data and other information already available in the public domain.

Commitment to Future Disclosures

Sukhjit Starch & Chemicals reiterated its commitment to regulatory compliance and transparency. The company assured that it will continue to make appropriate disclosures as and when any price-sensitive events occur or when information is in the interest of shareholders, pursuant to SEBI LODR Regulations 2015.

The clarification was digitally signed by Aman Deep Setia, Senior Vice President (Finance) and Company Secretary, on March 03, 2026, and submitted to both BSE Limited and National Stock Exchange of India Limited through e-filing.

Sukhjit Starch & Chemicals Limited announced its unaudited financial results for Q3FY26 ended December 31, 2025, showing a significant decline in profitability amid challenging market conditions. The starch manufacturing company reported substantial drops in both quarterly and nine-month performance metrics.

Q3FY26 Standalone Performance

The company's standalone operations reflected considerable pressure during the third quarter. Net profit declined sharply by 62.59% to ₹4.04 crores compared to ₹10.80 crores in Q3FY25. Revenue from operations decreased 7.89% to ₹343.86 crores from ₹373.35 crores in the corresponding quarter of the previous year.

Nine-Month FY26 Results

The nine-month performance showed similar trends with net profit falling 65.28% to ₹12.86 crores from ₹37.04 crores in the corresponding period of FY25. Revenue from operations declined 9.17% to ₹1,023.74 crores compared to ₹1,127.05 crores in the previous year. EBITDA for the nine-month period stood at ₹60.11 crores with a margin of 5.87% compared to ₹92.36 crores and 8.19% margin in the previous year.

Consolidated Results

On a consolidated basis, the company reported net profit of ₹3.13 crores for Q3FY26 compared to ₹10.78 crores in Q3FY25, representing a decline of 71.00%. Consolidated revenue from operations decreased to ₹347.00 crores from ₹375.26 crores in the previous year quarter.

Cost Structure and Margins

The company's cost of material consumed stood at ₹238.37 crores in Q3FY26 compared to ₹304.20 crores in Q3FY25. Employee benefits expense remained relatively stable at ₹16.64 crores versus ₹17.19 crores. Finance costs increased to ₹7.73 crores from ₹7.06 crores in the corresponding quarter.

Earnings Per Share

Standalone basic and diluted earnings per share for Q3FY26 were ₹1.29 compared to ₹3.46 in Q3FY25. For the nine-month period, EPS declined to ₹4.12 from ₹11.86 in the previous year. The company's paid-up equity share capital remained unchanged at ₹15.62 crores with a face value of ₹5 per share.

Regulatory Compliance and Publication

The company filed its quarterly results with stock exchanges on February 12, 2026, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were subsequently published in Financial Express (English) and Jag Bani (vernacular) newspapers as per regulatory requirements under Regulation 30 and 47.

Business Operations

The company operates primarily in starch manufacturing and its derivatives as a single business segment. The consolidated results include subsidiaries Sukhjit Mega Food Park & Infra Ltd., The Vijoy Steel and General Mills Co. Ltd., and Scott Industries Ltd. The company is headquartered at Sarai Road, Phagwara, Punjab, and maintains its registered office at the same location.