Latest news about Somi Conveyor Beltings
Somi Conveyor Beltings
90.87
-0.77(-0.84%)
Company Performance:
View Company Insights1D-0.84%
1M-1.06%
6M-11.04%
1Y-35.19%
5Y+55.60%
More news about Somi Conveyor Beltings
09Apr 26
Somi Conveyor Board Approves Independent Director Re-appointment at April 8 Meeting
Somi Conveyor Beltings Limited concluded its board meeting on April 8, 2026, approving the re-appointment of Independent Director Shri Santosh Kumar Joshi for a second consecutive five-year term. The decision requires shareholder approval through special resolution at the Extra-Ordinary General Meeting scheduled for May 6, 2026, with comprehensive e-voting arrangements from May 3-5, 2026.
07Feb 26
Somi Conveyor Beltings Reports Strong Q3FY26 Results with 60.52% Jump in Net Profit
Somi Conveyor Beltings Limited reported strong Q3FY26 financial results with revenue from operations growing 35.68% year-on-year to ₹3,748.44 lakhs and net profit surging 60.52% to ₹237.82 lakhs. The company's nine-month performance showed revenue growth of 8.46% to ₹8,345.23 lakhs, though net profit declined 3.18% to ₹444.21 lakhs. Key financial ratios remained healthy with improved debt-equity ratio of 0.17. The company is advancing its production expansion in mixing line operations, expecting to commence enhanced production capacity within the current financial year.
14Nov 25
Somi Conveyor Beltings Reports Q2 FY2026 Results with Focus on Profitability and Expansion
Somi Conveyor Beltings Limited announced Q2 FY2026 results with a 17.8% increase in quarterly profit to Rs 2.38 crores, despite a 42% decrease in revenue to Rs 1972.48 lakhs. The company is expanding its Mixing Line production capacity, with new machinery being installed. Financial position remains strong with a current ratio of 2.52 and a debt-equity ratio of 0.19. Management expects the ongoing capacity expansion to complete within the current financial year, potentially driving future growth.
12Nov 25
Somi Conveyor Beltings Secures Rs 3.04 Crore Order from Steel Authority of India
Somi Conveyor Beltings Limited has won an order worth Rs 3.04 crore from Steel Authority of India Limited (SAIL) for supplying various grades of conveyor belts. The order includes 14,800 meters of HR-120 and M24 grade belts, to be delivered by February 3, 2026. The company will use virgin raw materials and undergo third-party quality inspections. Somi offers an 18-month guarantee on the products, showcasing its commitment to quality and potentially strengthening its market position.
11Nov 25
Somi Conveyor Beltings Secures Rs 30.67 Lakh Order from Essar Bulk Terminal
Somi Conveyor Beltings Limited has received a new domestic order worth Rs 30.67 lakh from Essar Bulk Terminal (Salaya) Limited. The order is for 400 meters of Open End Flat Conveyor Belt with specific dimensions. The company is required to deliver the product within 15 days from the purchase order date. This order is not a related party transaction, and neither the promoter, promoter group, nor any group companies have any interest in Essar Bulk Terminal (Salaya) Limited.
17Sept 25
SOMI Conveyor Beltings Reports Robust Order Book of ₹85.50 Crore
Somi Conveyor Beltings Limited has disclosed an order book position of ₹85.50 crore as of September 15, 2025. The company communicated this information to the National Stock Exchange of India Limited (NSE) and BSE Limited through an official letter signed by Whole-time Director Vimal Bhansali. This substantial order book suggests strong demand for the company's products and services in the conveyor belt manufacturing sector.
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