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SGIL Reports Q3 FY26 Net Loss of ₹1.49 Crore; Re-appoints Sachin Shirgaokar as CMD
Synergy Green Industries Limited (SGIL) reported a weak performance for Q3 FY26, swinging to a net loss of ₹148.88 lakhs compared to a profit of ₹594.52 lakhs in the same quarter last year. Revenue from operations declined by approximately 5.5% YoY to ₹9,182.13 lakhs. The bottom line was further pressured by an exceptional item of ₹64.18 lakhs related to the impact of new Labour Codes. Despite the financial downturn, the board approved several leadership changes, including the re-appointment of Sachin Rajendra Shirgaokar as Chairman & Managing Director for three years.
Key Highlights
Net Loss of ₹148.88 lakhs in Q3 FY26 vs a Net Profit of ₹594.52 lakhs in Q3 FY25.
Revenue from operations decreased to ₹9,182.13 lakhs from ₹9,712.01 lakhs YoY.
Nine-month PAT stands at ₹424.91 lakhs, a significant drop from ₹1,305.31 lakhs in the previous year.
Exceptional charge of ₹64.18 lakhs recognized due to statutory impact of New Labour Codes.
Board approved re-appointment of Sachin Rajendra Shirgaokar as CMD and Vendavagali Srinivasa Reddy as ED for 3 years.
👀 What to Watch
Investors should exercise caution as the company has turned loss-making on a quarterly basis with declining year-on-year revenue. It is important to monitor if the management can stabilize margins and offset rising finance and depreciation costs in upcoming quarters.