Synergy Green Industries Ltd

Meeting Details

• Date and time: August 13, 2026; exact time not disclosed.
• Type and mode: earnings call (group) conducted virtually.
• Event: Synergy Green Industries Limited Q1 FY2026-27 earnings call.
• Key participants: Executive Director; Associate Vice President; Company Secretary.
• Purpose: discuss unaudited quarterly results for quarter ended June 30, 2026.
• Availability: transcript uploaded; audio recording accessible; transcript on company website.

Meeting Details

• Date: 13 August 2026; group conference call (virtual) with analysts/investors; audio posted; organiser: Synergy Green Industries Ltd.

Participants

• Key company participants: Executive Director, Associate Vice President, Company Secretary.

Purpose

• Discuss unaudited Q1 FY27 results and outlook; include Q&A session.

Additional Notes

• Audio recording available on company website; transcript to be shared with stock exchanges.

Rating actions and facilities

• Long-term rating reaffirmed at Crisil BBB/Stable for bank facilities totaling Rs 334 crore.
• Total facilities increased to Rs 334 crore from Rs 300.72 crore.
• Short-term rating reaffirmed at Crisil BBB/Stable.
• Fixed deposit rating reaffirmed at Crisil BBB/Stable.
• Outlook remains Stable for all ratings.
• Ratings under continuous surveillance; rating letters valid till 31 March 2027.
• Annexure lists bank-wise Crisil BBB/Stable ratings.

Business Overview

• Core business: foundry and machining for wind and non-wind applications.
• In-house facilities include 45,000 TPA foundry and 20,000 TPA machining.
• 10 MW captive solar power supports energy costs.
• Wind castings served 6 of 15 leading wind OEMs.
• Diversified castings business targets broader market beyond wind.

Operational Highlights

• Q1 FY27 production up 9.7% YoY.
• Revenue recognition affected by delays in customer material lifting.
• West Asia export logistics disruptions impacted exports.
• Foundry capacity expanded to 45,000 TPA and machining to 20,000 TPA.
• Export revenues projected to remain 25-30% of total.

Financial Performance

• Total Income for Q1 FY27: Rs 75.71 Cr.
• PBDIT: Rs 5.30 Cr; margin 7.0%.
• PBT before exceptional items: Rs -10.69 Cr.
• PAT: Rs -10.11 Cr.
• Balance sheet: Equity & Liabilities Rs 466.53 Cr; Net Worth Rs 100.98 Cr.

Capital Structure & Liquidity

• Long-term borrowings: Rs 162.75 Cr; Short-term: Rs 79.93 Cr.
• Total borrowings: Rs 242.68 Cr; Cash: Rs 8.70 Cr.

Outlook & Strategic Priorities

• FY27 revenue growth guidance: ~33% over FY26.
• Exports to contribute 25-30% of revenues.
• PBDIT margins to expand by ~300 bps.
• Capacity expansion to support higher volumes and new customers.

Risks & Mitigation

• RM inflation and consumables cost pressure impacting margins.
• Export logistics disruptions affecting revenue recognition.
• Electricity tariff policy revisions impacting margins.
• Mitigation: price indexation and higher production volumes.

Financial snapshot (Q1 FY27)

• Q1 revenue 75.71 Cr, down 11.32% YoY from 85.38 Cr.
• PBDIT 5.30 Cr; margin 7.0% vs 15.41% in Q1 FY26.
• Depreciation 8.81 Cr; Finance costs 7.18 Cr; PBT before exceptional items -10.69 Cr.
• Tax/deferred tax -0.58 Cr; Net loss -10.11 Cr vs net profit 0.41 Cr in Q1 FY26.
• Exceptional items: statutory provision for new labour code 0 in Q1 FY27; 0.01 Cr in Q1 FY26.

Outlook and drivers

• Revenue impeded by delayed material lifting, prototype approvals, and West Asia logistics disruptions.
• FY27 outlook: order book expected to grow ~33%; strengthened production capacity.
• Export revenue expected to be 25-30% of total going forward.
• Price revisions from Q2 FY27 offset RM/consumables inflation; 5 MW wind PPA to offset electricity costs.
• PBDIT margin expected to improve by >300 bps in FY27 due to higher volumes and in-house machining.

Financial highlights

• Standalone revenue from operations: 7,514.93 Lakhs; total income: 7,571.29 Lakhs.
• Standalone PAT: -1,010.88 Lakhs; EPS: -6.51 Rs.
• Consolidated PAT: -1,010.98 Lakhs; EPS: -6.51 Rs.
• Total comprehensive income: standalone -1,028.57 Lakhs; consolidated -1,028.67 Lakhs.
• Single segment: Manufacturing of Metal Castings.

Meeting Details

• Date and time: August 13, 2026 at 4:00 p.m. IST.
• Type and mode: Earnings conference call, virtual (Zoom).
• Event/organiser: Synergy Green Industries Ltd.
• Key participants: Executive Director; Associate Vice President; Company Secretary & Compliance Officer.
• Purpose: Discuss Q1 FY26-27 operational and financial performance (quarter ended 30.06.2026).
• Availability: Presentation will be available on company website after Board Meeting; copies to stock exchanges.

AGM details

• AGM held 23 July 2026 at 11:00 a.m. via Video Conference; concluded 11:45 a.m.

Resolutions approved

• Resolution 1: Adoption of standalone and consolidated financial statements with boards report and auditors report approved.
• Resolution 2: Re-appointment of Niraj S. Shirgaokar as director approved.
• Resolution 3: Dividend on 10% Redeemable Preference shares approved.
• Resolution 4: Appointment of statutory auditors P. G. Bhagwat LLP approved.
• Resolution 5: Continuation of Independent Director Subhash G. Kutte approved.
• Resolution 6: Borrowing limits increased to Rs 250 crore approved.
• Resolution 7: Ratification of cost auditor remuneration for FY 2026-27 approved.

Dividend details

• Dividend: Approved on 10% Redeemable Preference shares.

Director changes

• Niraj Shirgaokar reappointed as director.
• Subhash G. Kutte to continue as independent director.

Auditors

• Statutory auditors: P. G. Bhagwat LLP appointed.
• Cost Auditor remuneration ratified for FY 2026-27.

Borrowing and other approvals

• Borrowing limits increased to Rs 250 crore.

Dematerialisation processing and listing

• Dematerialisation requests were processed and confirmed to the depositories.
• Securities dematerialised have been listed on exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depositories' names substituted as registered owners within timelines.
• No exceptions or non-compliance reported.