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Somi Conveyor Q3 Net Profit Jumps 60.5% YoY to ₹2.38 Cr; Revenue Up 35.7%
Somi Conveyor Beltings Limited reported a robust performance for Q3 FY26, with revenue from operations rising 35.7% YoY to ₹37.48 crore. Net profit for the quarter surged to ₹2.38 crore from ₹1.48 crore in the previous year's corresponding quarter. The company is in the final stages of commissioning its Mixing Line expansion, which is expected to enhance capacity for steel cord belts and improve product quality. Additionally, the company has significantly reduced its leverage, with the debt-equity ratio improving to 0.17 from 0.29 YoY.
Key Highlights
Revenue from operations grew 35.7% YoY to ₹3,748.40 lakhs in Q3 FY26.
Net profit for the quarter increased by 60.5% YoY to ₹237.82 lakhs.
Debt-Equity ratio improved significantly to 0.17 from 0.29 in the previous year.
Mixing Line expansion is in the final trial run phase with production expected to start within FY26.
Recognized a ₹13.92 lakh increase in gratuity liability due to the notification of new Labour Codes.
💼 Action for Investors
Investors should view the strong quarterly growth and debt reduction as positive signs of operational efficiency. Monitor the upcoming commissioning of the new mixing line, as it is expected to scale operations and enable the execution of larger orders.