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Sangam (India) to Acquire 49% Stake in Clean Max Kenai for Rs 24 Cr to Add 20 MW Hybrid Power
Sangam (India) Limited has entered into a share purchase agreement to acquire a 49% equity stake in Clean Max Kenai Private Limited for an investment of up to Rs 24 Crore. The acquisition is a strategic move to set up a 20 MW Wind-Solar Hybrid captive power project in Jodhpur, Rajasthan, to power the company's existing plants. This project is expected to be operational by April 2027 and is projected to deliver significant annual power cost savings of approximately Rs 26 Crores. The investment aligns with the company's ESG goals and aims to provide long-term cost stability by reducing reliance on the grid.
Key Highlights
Acquisition of 49% equity stake in Clean Max Kenai Private Limited for a cash consideration of up to Rs 24 Crore.
Development of a 20 MW Wind-Solar Hybrid captive power project to ensure long-term cost efficiency.
Expected annual savings of Rs 26 Crores once the project becomes operational.
Projected Commercial Operation Date (COD) is April 2027, with acquisition completion by February 2027.
The target entity is a Special Purpose Vehicle (SPV) with zero turnover currently, focused on renewable energy generation.
💼 Action for Investors
This is a positive development as the projected annual savings of Rs 26 Crore exceed the initial investment of Rs 24 Crore, suggesting a very high ROI. Investors should monitor the project's progress toward its 2027 operational deadline as it will significantly improve operating margins.
Sangam India Q3 FY26 PAT Surges 899% YoY to ₹24 Cr; EBITDA Margins Expand to 10.9%
Sangam (India) reported a robust Q3 FY26 with PAT surging nearly 10x to ₹24 crore, driven by significant margin expansion and operational efficiencies. Revenue grew 3.2% YoY to ₹775 crore, while EBITDA increased by 39.3% to ₹85 crore as margins improved from 8.1% to 10.9%. The company is aggressively investing in renewable energy with 30 MW of new capacity planned by FY27, expected to save ₹32 crore annually. Despite a slight QoQ dip in revenue, the bottom-line growth remains strong due to a better product mix and cost discipline.
Key Highlights
Q3 FY26 PAT skyrocketed 898.8% YoY to ₹24 crore compared to ₹2 crore in the previous year.
EBITDA margins expanded by 283 bps YoY to 10.9%, reaching ₹85 crore in Q3 FY26.
9M FY26 revenue stands at ₹2,362 crore, up 11.1% YoY, with PAT rising 123.2% to ₹50 crore.
Announced 30 MW additional renewable energy capacity (Solar & Hybrid) with projected annual savings of ₹32 crore.
Capacity utilization remains high across core segments: Denim at 93% and Yarn at 91%.
💼 Action for Investors
Investors should note the massive turnaround in profitability and margin expansion, which suggests improved operational leverage. The focus on renewable energy to reduce costs and the stable debt profile (Net D/E 1.1x) make it a strong watch in the textile sector.
Sangam (India) Q3 Consolidated PAT Surges to ₹24.47 Cr; 9M Profit Up 123% YoY
Sangam (India) Limited reported a strong performance for Q3 FY26, with consolidated net profit jumping to ₹24.47 crore from ₹2.45 crore in the year-ago quarter. Revenue from operations saw a modest growth of 2.7% YoY, reaching ₹774.66 crore. For the nine-month period ended December 2025, the company's profit reached ₹49.73 crore, a significant increase from ₹22.28 crore in the previous year. Despite a slight sequential dip in revenue, the substantial improvement in margins and bottom-line figures highlights a strong recovery.
Key Highlights
Consolidated Net Profit skyrocketed to ₹24.47 crore in Q3 FY26 from ₹2.45 crore in Q3 FY25.
Revenue from Operations stood at ₹774.66 crore, a 2.7% increase over the previous year's ₹753.99 crore.
Nine-month consolidated PAT reached ₹49.73 crore, up 123% from ₹22.28 crore in the corresponding period.
Basic EPS (after exceptional items) improved significantly to ₹4.87 from ₹0.49 YoY.
Finance costs increased to ₹27.39 crore in Q3 FY26 compared to ₹21.45 crore in the same quarter last year.
💼 Action for Investors
The massive YoY profit expansion indicates a turnaround in operational efficiency, making this a positive signal for shareholders. Investors should monitor if this margin improvement is sustainable and keep an eye on rising finance costs.
Sangam (India) Q3 PAT Surges 10x YoY to ₹24.47 Cr; Revenue Up 2.7%
Sangam (India) Limited reported a massive jump in consolidated Profit After Tax (PAT) to ₹24.47 crore for Q3 FY26, compared to just ₹2.45 crore in the same quarter last year. Revenue from operations grew 2.7% YoY to ₹774.66 crore, though it saw a slight sequential dip from ₹786.18 crore in Q2. For the nine-month period ended December 2025, the company's PAT more than doubled to ₹49.73 crore from ₹22.28 crore in the previous year. The significant bottom-line growth was driven by improved operational efficiencies despite a rise in finance and power costs.
Key Highlights
Consolidated PAT for Q3 FY26 reached ₹2,447 lakhs, a significant increase from ₹245 lakhs in Q3 FY25.
Revenue from operations for the quarter stood at ₹77,466 lakhs versus ₹75,399 lakhs YoY.
9M FY26 consolidated revenue grew to ₹2,35,061 lakhs from ₹2,12,265 lakhs in the previous year.
Basic EPS (after exceptional items) rose to ₹4.87 for the quarter from ₹0.49 in the year-ago period.
Finance costs increased to ₹2,739 lakhs in Q3 FY26 from ₹2,145 lakhs in Q3 FY25.
💼 Action for Investors
The sharp recovery in profitability and strong nine-month performance suggest improved operational leverage, making it a positive signal for long-term investors. However, investors should keep an eye on rising finance costs and power expenses which could impact future margins.
Sangam (India) to Set Up 27 MWp Captive Solar Power Plant in Rajasthan
Sangam (India) Limited has entered into an EPC contract with IB Vogt Solar India Private Limited for a new solar power project. The agreement involves setting up a 27.00 MWp solar power plant in Jaisalmer, Rajasthan, dedicated to captive consumption. This initiative is expected to significantly reduce the company's energy costs and improve its sustainability profile. The project allows for a capacity variation of plus or minus 5%.
Key Highlights
Signed EPC contract with IB Vogt Solar India Private Limited for a 27.00 MWp solar plant.
Project located at Village Sangarh, Jaisalmer, Rajasthan for captive power requirements.
Capacity variation of ± 5% is permitted under the terms of the agreement.
Strategic move to lower operational power costs and enhance long-term energy security.
💼 Action for Investors
Investors should monitor the project's commissioning timeline as it will likely lead to improved operating margins through reduced power expenses. This move also strengthens the company's ESG credentials.