Sarup Industries Ltd (514412)

Sarup Industries reported a weak set of results for Q1 FY27, with total income from operations declining 16.7% YoY to Rs 3.27 crore. Net profit saw a sharper decline of 52.6% YoY, falling to just Rs 5.48 lakhs from Rs 11.60 lakhs in the year-ago period. The company's performance was also significantly lower on a sequential basis, with revenue down 32% from Rs 4.82 crore in Q4 FY26. High finance costs of Rs 27.96 lakhs continue to weigh heavily on the thin margins of this micro-cap footwear manufacturer.

• Total income from operations decreased to Rs 3.27 crore from Rs 3.93 crore in Q1 FY26.
• Net profit after tax fell to Rs 5.48 lakhs, a 52.6% decline compared to Rs 11.60 lakhs YoY.
• Finance costs stood at Rs 27.96 lakhs, consuming approximately 8.5% of the total quarterly income.
• Earnings Per Share (EPS) dropped to Rs 0.17 from Rs 0.36 in the corresponding quarter of the previous year.
• Cost of materials consumed decreased to Rs 98.67 lakhs from Rs 156.94 lakhs YoY, reflecting lower production volumes.

Sarup Industries reported a weak set of results for Q1 FY27, with total income declining 16.7% YoY to Rs 3.27 Cr. Net profit saw a sharp contraction, falling to Rs 5.48 Lakhs from Rs 11.60 Lakhs in the same quarter last year. Sequentially, the performance was even softer, with revenue dropping 32% from Rs 4.82 Cr in Q4 FY26. The company's financial position remains strained with a negative net worth of Rs -2 Cr and a high debt load of Rs 37 Cr relative to its small scale.

• Total income from operations decreased to Rs 3.27 Cr in Q1 FY27 from Rs 3.93 Cr in Q1 FY26.
• Net profit after tax fell 52.7% YoY to Rs 5.48 Lakhs compared to Rs 11.60 Lakhs in the previous year's quarter.
• Earnings Per Share (EPS) declined to Rs 0.17 from Rs 0.36 in the year-ago period.
• Finance costs remained a significant burden at Rs 27.96 Lakhs, consuming 8.5% of total income.
• Promoter holding remains stable at 74.36% with zero shares pledged.