Sanmit Infra Ltd (532435)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sanmit Infra's revenue was ₹21.9 Cr (-45.4% year on year, -32.1% on the previous quarter), and net profit ₹1.1 Cr (+14.4% year on year); the operating margin was 9.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹21.9 | -45.4% | -32.1% |
| Operating profit | ₹2.2 | +10.2% | -25.3% |
| Net profit | ₹1.1 | +14.4% | -34.8% |
| EPS (₹) | 0.68 | +15.3% | -34.6% |
| Operating margin | 9.9% | — | — |
📢 Recent Corporate Announcements
Sanmit Infra Limited concluded its 26th Annual General Meeting (AGM) held on September 30, 2026, via Video Conferencing. A total of 54 members attended out of 30,862 shareholders as of the cut-off date of September 23, 2026. Key business included the adoption of FY2025-26 audited financials, the reappointment of Mr. Haresh Kanayalal Makhija, the appointment of M/s SSSS & Associates as Statutory Auditors, the appointment of Mrs. Sejal Nilesh Patel as Independent Director, and the adoption of new Articles of Association. Formal voting results are expected within two working days.
- 26th AGM held on September 30, 2026, spanning 17 minutes (1:00 PM to 1:17 PM IST)
- 54 members attended out of 30,862 total shareholders as of the September 23, 2026 cut-off date
- 5 resolutions tabled: 3 ordinary (financials, director re-appointment, auditor appointment) and 2 special (independent director, new Articles of Association)
- 6 registered speaker shareholders raised queries during the meeting
- Combined voting results to be submitted within 2 working days
Sanmit Infra Limited convened its Board of Directors meeting on September 25, 2026. The Board considered and approved the Cost Audit Report of the company for the financial year 2025-26. The meeting was brief, lasting 15 minutes from 01:00 PM to 01:15 PM, with no other material business decisions reported.
- Board approved the Cost Audit Report for FY 2025-26 on September 25, 2026
- Meeting commenced at 01:00 PM and concluded at 01:15 PM
- Filing is purely administrative compliance under SEBI LODR Regulations 29 and 30
Sanmit Infra reported standalone revenue from operations of Rs 21.95 Cr for the quarter ended June 30, 2026, declining 45.4% YoY from Rs 40.18 Cr in the prior-year period. Net profit increased by 14.1% YoY to Rs 1.08 Cr compared to Rs 0.94 Cr in Q1 FY25, with quarterly EPS standing at Rs 0.68. The Board also approved the adoption of a revised Articles of Association (AoA) aligned with the Companies Act, 2013, subject to shareholder approval. Additionally, Mrs. Sejal Nilesh Patel was appointed as an Independent Director for a 5-year tenure ahead of the 26th AGM on September 30, 2026.
- Revenue from operations fell 45.4% YoY to Rs 21.95 Cr (Rs 2,194.86 Lakhs) in the quarter ended June 30, 2026
- Net profit stood at Rs 1.08 Cr (Rs 107.51 Lakhs), up 14.1% YoY from Rs 0.94 Cr
- Adoption of updated Articles of Association under Companies Act, 2013, subject to AGM approval
- Appointment of Mrs. Sejal Nilesh Patel as Independent Director for a 5-year term w.e.f. August 14, 2026
- 26th AGM scheduled for September 30, 2026; record cut-off date fixed as September 23, 2026
Sanmit Infra reported its Q1 FY27 (quarter ended June 30, 2026) standalone financial results alongside corporate governance updates. Total revenue from operations declined 45.4% YoY to ₹21.95 Cr from ₹40.18 Cr in the year-ago period. Despite the revenue contraction, net profit after tax rose 14.1% YoY to ₹1.08 Cr (compared to ₹0.94 Cr in Q1 FY26), with basic EPS at ₹0.68. Additionally, the Board approved the appointment of Mrs. Sejal Nilesh Patel as an Additional Non-Executive Independent Director for a 5-year term effective August 14, 2026.
- Total revenue from operations fell 45.4% YoY to ₹2,194.86 Lakhs (₹21.95 Cr) in Q1 FY27 vs ₹4,018.40 Lakhs in Q1 FY26
- Net profit after tax increased 14.1% YoY to ₹107.51 Lakhs (₹1.08 Cr) from ₹94.21 Lakhs in the prior-year period
- Purchase of stock-in-trade decreased substantially to ₹587.21 Lakhs compared to ₹2,758.24 Lakhs in Q1 FY26
- Mrs. Sejal Nilesh Patel appointed as Non-Executive Independent Director for a 5-year term starting August 14, 2026
- 26th Annual General Meeting scheduled for September 30, 2026, with cut-off date fixed as September 23, 2026
Sanmit Infra Ltd reported standalone revenue from operations of ₹21.95 Cr for the quarter ended June 30, 2026, down 45.4% YoY from ₹40.18 Cr in the corresponding quarter last year. Standalone net profit stood at ₹1.08 Cr, marking a 14.1% YoY increase from ₹0.94 Cr, supported by reduced material purchases and direct expenses. On a sequential basis, revenue and profit after tax declined 32.1% and 35.0% respectively against Q4 FY26. Additionally, the Board approved the appointment of Mrs. Sejal Nilesh Patel as an Additional Independent Director for a 5-year term.
- Revenue from operations declined 45.4% YoY to ₹2,194.86 Lakhs compared to ₹4,018.40 Lakhs in Q1 FY26.
- Net profit after tax grew 14.1% YoY to ₹107.51 Lakhs against ₹94.21 Lakhs in Q1 FY26.
- Quarter-on-quarter revenue fell 32.1% from ₹3,230.42 Lakhs and PAT dropped 35.0% from ₹165.32 Lakhs.
- Basic & Diluted EPS stood at ₹0.68 for the quarter vs ₹0.59 YoY and ₹1.06 QoQ.
- Appointed Mrs. Sejal Nilesh Patel as Additional Independent Director for a 5-year term effective August 14, 2026.
Sanmit Infra reported its standalone revenue from operations for the quarter ended June 30, 2026, at Rs 21.95 Cr (Rs 2,194.86 Lakhs), reflecting a 45.4% YoY decline from Rs 40.18 Cr and a 32.1% sequential decline from Rs 32.30 Cr. Net profit for the period stood at Rs 1.08 Cr (Rs 107.51 Lakhs), up 14.1% YoY from Rs 0.94 Cr, but down 35.0% QoQ compared to Rs 1.65 Cr. Basic EPS came in at Rs 0.68 versus Rs 0.59 in the prior year's corresponding quarter. In addition, the board approved the appointment of Mrs. Sejal Nilesh Patel as an Independent Director for a 5-year term.
- Revenue from operations fell 45.4% YoY to Rs 2,194.86 Lakhs vs Rs 4,018.40 Lakhs in Q1 FY26.
- Net profit stood at Rs 107.51 Lakhs, up 14.1% YoY from Rs 94.21 Lakhs, but down 35.0% QoQ from Rs 165.32 Lakhs.
- Basic and Diluted EPS for the quarter was reported at Rs 0.68 vs Rs 0.59 in Q1 FY26.
- Mrs. Sejal Nilesh Patel appointed as Additional Non-Executive Independent Director for a 5-year term w.e.f. August 14, 2026.
- The 26th Annual General Meeting is scheduled for September 30, 2026, with record cut-off date set to September 23, 2026.
Sanmit Infra Ltd has scheduled a board meeting on August 14, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company, which has a market cap of Rs 82 Cr, is currently navigating a transition from real estate to petroleum trading and medical waste management. Given the high revenue volatility observed in FY26 (ranging from Rs 7.18 Cr to Rs 32.31 Cr per quarter), this upcoming report is critical for assessing the stability of its new business lines. The stock has faced significant pressure, declining 46.4% over the past 12 months.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Trading window for designated persons has been closed since June 25, 2026.
- Company reported a TTM revenue of Rs 104 Cr with a thin net profit of Rs 2 Cr.
- Promoter holding remains stable at 72.33% as of March 2026.
- Operating profit margins (OPM) stood at 5.4% for the trailing twelve months.
Sanmit Infra Ltd has appointed M/s. S S S S & Associates as its statutory auditor for a five-year term (FY 2026-27 to 2030-31), following the resignation of M/s. PAMS & Associates. The outgoing auditor cited geographical constraints after closing their Mumbai branch in 2024 as the reason for stepping down. Additionally, Independent Director Mr. Ajay Nanik Chandwani resigned effective June 13, 2026, due to health and age. The board also approved the distribution of net proceeds from fractional shares arising from a previously approved share consolidation.
- Appointment of M/s. S S S S & Associates as Statutory Auditor for a 5-year term until FY 2030-31.
- Resignation of M/s. PAMS & Associates effective June 12, 2026, citing logistical challenges after their Mumbai branch closure in 2024.
- Resignation of Independent Director Mr. Ajay Nanik Chandwani effective June 13, 2026.
- Approval to distribute net proceeds from fractional shares following the March 18, 2026, EGM decision on share consolidation.
- The board meeting on July 10, 2026, concluded within 90 minutes (03:00 PM to 04:30 PM).
Sanmit Infra Ltd has appointed M/s. S S S S & Associates as its Statutory Auditor for a five-year term (FY 2026-27 to 2030-31), following the resignation of M/s. PAMS & Associates. The previous auditor cited geographical constraints (Bhubaneswar vs Mumbai) as the reason for stepping down. Additionally, Independent Director Ajay Nanik Chandwani resigned effective June 13, 2026, due to health and age. The board also finalized the distribution of cash proceeds from fractional shares arising from a prior stock consolidation.
- Appointment of M/s. S S S S & Associates as Statutory Auditor for a 5-year term until FY 2030-31
- Resignation of previous auditor M/s. PAMS & Associates effective June 12, 2026, due to the closure of their Mumbai branch in 2024
- Resignation of Independent Director Ajay Nanik Chandwani effective June 13, 2026, citing health and age
- Board approval for the distribution of net proceeds from fractional shares to eligible shareholders
- The previous auditor had been associated with the company since the AGM held on September 29, 2018
Sanmit Infra has appointed M/s. S S S S & Associates as Statutory Auditors for a five-year term (FY 2026-27 to 2030-31) following the resignation of M/s. PAMS & Associates. The outgoing auditor cited geographical constraints after closing their Mumbai branch in 2024, making it difficult to audit the Mumbai-based company from Bhubaneswar. Additionally, Independent Director Mr. Ajay Nanik Chandwani resigned effective June 13, 2026, due to health and age. The Board also approved the distribution of net proceeds from fractional shares arising from a previous equity consolidation.
- New Statutory Auditor M/s. S S S S & Associates appointed for a 5-year term from FY 2026-27 to 2030-31.
- Outgoing auditor M/s. PAMS & Associates resigned effective June 12, 2026, after serving since September 2018.
- Independent Director Ajay Nanik Chandwani resigned effective June 13, 2026, citing age and health issues.
- The previous auditor's Mumbai branch was closed in 2024, leading to logistical challenges for the audit.
- Board finalized the distribution of net proceeds from fractional shares to eligible shareholders following the March 18, 2026, EGM approval.
Sanmit Infra Ltd has announced the resignation of Independent Director Ajay Nanik Chandwani, effective June 13, 2026, due to health reasons. Simultaneously, the company's statutory auditor, PAMS & Associates, resigned effective June 12, 2026, citing geographical difficulties after closing their Mumbai branch. To maintain compliance, the board has appointed S S S S & Associates as the new statutory auditor for a five-year term spanning FY 2026-27 to 2030-31. Additionally, the board approved the distribution of cash proceeds to shareholders entitled to fractional shares following the equity consolidation approved in March 2026.
- New statutory auditor S S S S & Associates appointed for a 5-year term until FY 2030-31
- Independent Director Ajay Nanik Chandwani resigned effective June 13, 2026
- Outgoing auditor PAMS & Associates resigned effective June 12, 2026, due to the closure of their Mumbai branch in 2024
- Board approved distribution of net proceeds from fractional shares arising from the March 18, 2026, EGM consolidation
- Board meeting on July 10, 2026, concluded within 90 minutes (03:00 PM to 04:30 PM)
Sanmit Infra Ltd held a board meeting on July 10, 2026, to approve several governance changes. The company appointed M/s. S S S S & Associates as Statutory Auditors for a five-year term (FY 2026-27 to 2030-31) following the resignation of M/s. PAMS & Associates due to geographical constraints. Additionally, Independent Director Mr. Ajay Nanik Chandwani resigned effective June 13, 2026, citing health reasons. The board also finalized the distribution of net proceeds from fractional shares arising from a previous equity consolidation.
- Appointment of M/s. S S S S & Associates as Statutory Auditor for a 5-year term starting FY 2026-27
- Resignation of previous auditor M/s. PAMS & Associates effective June 12, 2026, following the closure of their Mumbai branch in 2024
- Resignation of Independent Director Mr. Ajay Nanik Chandwani effective June 13, 2026, due to age and health
- Board approval for the distribution of cash proceeds from fractional shares to eligible shareholders
- Board meeting conducted for 1.5 hours from 03:00 PM to 04:30 PM on July 10, 2026
Sanmit Infra Ltd has scheduled a Board of Directors meeting for July 10, 2026, at 03:00 p.m. The primary agenda is the appointment of a Statutory Auditor for the company, as per SEBI (LODR) Regulations. This is a routine administrative procedure required for corporate governance and financial compliance. No other specific business expansions or financial results were mentioned in the agenda.
- Board meeting scheduled for July 10, 2026
- Primary agenda item is the appointment of a Statutory Auditor
- Meeting to be held at 03:00 p.m. at the registered office in Mumbai
- Filing made pursuant to Regulation 29 and 30 of SEBI (LODR) Regulations, 2015
Financial Performance
Revenue Growth by Segment
The company has shifted its primary revenue source from real estate to petroleum trading. Specific segment growth percentages are not disclosed, but trading of petroleum products now constitutes the main turnover. Related party sales to Haresh Agencies (Firm) alone accounted for INR 80.38 Cr (8,038.88 Lakhs) during the period.
Geographic Revenue Split
Not disclosed in available documents, though operations are centered in Mumbai, Maharashtra.
Profitability Margins
Profit margins are under pressure due to the 'lowest bidder' tender system used for contracts, which reduces margins in percentage terms. The company is actively pursuing 'margin enhancement' and 'cost control' to mitigate this.
Capital Expenditure
The company notes that capital expansion involves 'huge capital expenditure' to determine future earnings, particularly in new business arenas like petroleum trading and waste management, though specific INR Cr figures for the current year are not provided.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company emphasizes that maintaining good relations with banks and financial institutions is critical for growth.
Operational Drivers
Raw Materials
Petroleum products (for trading), land (for reality development), and medical bi-products (for waste management). Petroleum products represent the largest portion of procurement costs given the shift in business focus.
Key Suppliers
Sanjay Builders & Developers (Partnership firm) is a key supplier with purchases totaling INR 10.40 Cr (1,040.55 Lakhs). Sanjeev Service Station provides diesel and lube oil (INR 0.89 Lakhs).
Capacity Expansion
The company is expanding by adopting new technologies to enhance production organically. It has recently ventured into petroleum trading and medical waste management to diversify from the slowing real estate sector.
Raw Material Costs
Purchases from related parties for products totaled approximately INR 10.40 Cr. The company uses a competitive bidding process to manage procurement costs.
Logistics & Distribution
Transportation charges paid to related parties (Sanjay Makhija, Haresh Makhija, and Haresh Agencies) totaled approximately INR 12.85 Lakhs. Transportation charges received from clients/partners totaled INR 64.06 Lakhs.
Strategic Growth
Growth Strategy
Growth will be achieved through diversification into petroleum product trading and medical waste management to offset real estate slowdowns. The strategy includes adopting new technologies for organic growth, enhancing margins through specific global support projects, and leveraging marketing arrangements/collaborations.
Products & Services
Petroleum products (Petrol, Diesel, Lube Oil), Real Estate Development (Residential/Commercial properties), and Medical Waste Management services.
Brand Portfolio
Sanmit Infra Limited.
New Products/Services
Medical waste management activities (medical bi-products) and petroleum product trading are the primary new revenue streams.
Market Expansion
The company is targeting infrastructure-related demand, believing that growth in the Indian infrastructure sector will bring additional demand for its business modules.
Strategic Alliances
The company is seeking new opportunities through collaborations and marketing arrangements, though specific partner names for new ventures are not listed.
External Factors
Industry Trends
The real estate industry is growing due to favorable demographics and FDI relaxation, but is currently facing a 'slowdown in market conditions.' The petroleum trading sector is being used as a hedge against this volatility.
Competitive Landscape
Faces competition from new players entering the market and existing players expanding due to market availability.
Competitive Moat
The company relies on its 'four core pillars' (Compassion, Transparency, Respect, Ethics) and its ability to attract/retain skilled technical manpower (38 permanent employees) as its primary competitive advantage.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and interest rates. Rising interest rates directly pressure the real estate sector's viability.
Consumer Behavior
Shifts in shopping habits and the growing number of retail malls are stimulating demand for modern offices and shopping centers.
Geopolitical Risks
Global turmoil is cited as a factor creating pressure on the Indian real estate sector and affecting petroleum supply chains.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013, SEBI (LODR) Regulations 2015, and FEMA. The company must comply with tender-based procurement rules for certain contracts.
Environmental Compliance
The company has entered the waste management sector, specifically for medical bi-products, which requires adherence to environmental and health regulations.
Taxation Policy Impact
The company notes that changes in government taxation policies are factors over which it has no direct control but which significantly impact operations.
Legal Contingencies
BSE initially levied a fine of INR 1,54,42,622 for non-compliance with Regulation 23(9) and another fine of INR 88,500 for Regulation 17(1). Both fines were subsequently waived by BSE in April 2025 after the company filed appeals and waiver applications.
Risk Analysis
Key Uncertainties
The primary uncertainty is the impact of economic cycles on the real estate market and the volatility of petroleum prices in the trading segment.
Geographic Concentration Risk
Operations appear concentrated in the Mumbai region, making the company sensitive to local land availability and Maharashtra-specific regulations.
Third Party Dependencies
Significant dependency on related parties for both sales (Haresh Agencies) and purchases (Sanjay Builders), representing a high concentration of related-party transactions.
Technology Obsolescence Risk
The company is mitigating technology risks by 'constantly adopting new technologies' to enhance production and upgrading internal financial control systems.
Credit & Counterparty Risk
The company monitors its relationship with market intermediaries like banks to ensure liquidity and credit availability for capital-intensive projects.
