Somi Conveyor Beltings Ltd

Q1 FY27 standalone results

• Revenue from operations: ₹15.62 crore; Total revenue: ₹15.82 crore.
• PBT: ₹7.97 crore; Tax: ₹2.01 crore; PAT: ₹5.96 crore.
• EPS (basic/diluted): ₹0.51.
• Outstanding debt: ₹15.28 crore; Net worth: ₹82.14 crore.
• Reserves: ₹64.92 crore; Debt-equity: 0.19; DSCR: 2.68; Interest coverage: 3.40; ROE: 2.91%.
• Company manufactures and sells Industrial Conveyor Belts.
• Board took on record Aug 11, 2026; results limited reviewed by auditors.
• Quarter ended June 30, 2026; standalone unaudited results; audit committee reviewed.

Key disclosures and approvals

• Standalone unaudited financial results for quarter ended June 30, 2026 approved.
• Limited Review Report by Singhvi & Mehta enclosed.
• Audit Committee reviewed results and board took on record.
• Quarter ended June 30, 2026 is unaudited.
• Results available on the company website.
• Company confirms no subsidiary.
• Regulatory disclosure under SEBI LODR Regulations 2015.
• No material auditor remarks beyond limited review.

Dematerialisation status

• Dematerialisation requests received during the period were processed, with certificates mutilated and cancelled after verification.
• Name of the depositories substituted as registered owner within prescribed timelines.
• Dematerialised securities are listed on the stock exchanges where the original securities are listed.

Financial Performance 📊

• Q3 FY2026 standalone revenue from operations rose 35.7% YoY to Rs 3748.40 lakhs.
• Q3 FY2026 total revenue increased 35.9% YoY to Rs 3769.39 lakhs.
• Q3 FY2026 net profit after tax rose 60.6% YoY to Rs 237.82 lakhs.
• Q3 FY2026 profit before tax improved to Rs 316.72 lakhs from Rs 198.92 lakhs YoY.
• Nine months ended Dec 31, 2025 revenue from operations grew 8.4% YoY to Rs 8345.23 lakhs.
• Nine months net profit after tax was Rs 444.21 lakhs vs Rs 458.80 lakhs YoY.

Cost and Expense Trends

• Cost of materials consumed increased to Rs 2301.26 lakhs in Q3 FY2026 from Rs 1914.55 lakhs YoY.
• Employee benefit expenses rose to Rs 126.76 lakhs in Q3 FY2026 from Rs 108.01 lakhs YoY.
• Financial costs decreased to Rs 39.14 lakhs in Q3 FY2026 from Rs 55.23 lakhs YoY.
• Other expenses surged to Rs 670.69 lakhs in Q3 FY2026 from Rs 429.59 lakhs YoY.

Capital Structure & Returns

• Debt-equity ratio improved to 0.17x as of Dec 31, 2025 from 0.29x a year ago.
• Return on equity stood at 7.52% for the nine months ended Dec 31, 2025.

Capex & Operations 🧱

• Expanded mixing line production commissioned to increase conveyor belt compounding capacity in FY2026.
• Additional machinery installed; commissioning and final trial runs underway; production expected within FY2026.

Business Model & Compliance

• Company exclusively manufactures and sells industrial conveyor belts; no subsidiaries.
• Limited review by statutory auditors issued with no material misstatements noted.

Risks ⚠️

• Rs 13.92 lakhs gratuity liability recognized due to new Labour Codes effective Nov 21, 2025.

Financial Performance

• Approved standalone unaudited financial results for Q3 and nine months ended Dec 31, 2025.
• Q3 FY26 total revenue: Rs. 3,769.39 lakhs; profit before tax: Rs. 316.72 lakhs.
• Q3 FY26 net profit after tax: Rs. 273.82 lakhs; total comprehensive income: Rs. 236.34 lakhs.
• Earnings per share (basic and diluted) for Q3 FY26: Rs. 20.2.
• Return on equity: 7.52%; net profit ratio: 5.32% for nine months ended Dec 31, 2025.

Financial Ratios & Debt ️

• Debt-equity ratio improved to 0.17 as of Dec 31, 2025 from 0.29 in previous year.
• Debt service coverage ratio: 5.22 times; interest service coverage ratio: 9.34 times for current period.

Operational Developments

• Expansion of production capacity in Mixing Line; commissioning and trial runs underway.

Liabilities & Compliance ️

• Increase in gratuity liability of Rs. 13.92 lakhs recognized due to new Labour Codes effective Nov 21, 2025.

Auditor Remarks

• Auditor Singhvi & Mehta issued limited review report with no material misstatements or qualifications.

🗓️ Meeting Details

• Board meeting scheduled for February 7, 2026, at 2:30 PM at the registered office in Jodhpur.

📊 Key Agenda Items

• Approval of unaudited financial results for Q3 ended December 31, 2025, reviewed by statutory auditor.