Sangam India Q1 FY27 PAT Surges 1826% YoY

Revenue: ₹867 crore, up 8.1% YoY (Q1 FY26: ₹803 crore) and down 1.5% QoQ (Q4 FY26: ₹880 crore)
Gross Profit: ₹378 crore, with a gross margin of 43.6%, up 640 basis points YoY (Q1 FY26: 37.2%)
EBITDA: ₹112 crore, up 59.6% YoY (Q1 FY26: ₹70 crore) and up 14.4% QoQ (Q4 FY26: ₹98 crore)
EBITDA Margin: 12.9%, up 418 bps YoY (Q1 FY26: 8.8%) and up 180 bps QoQ (Q4 FY26: 11.2%)
Depreciation: ₹26 crore, down 28.5% YoY (Q1 FY26: ₹36 crore) and up 4.7% QoQ (Q4 FY26: ₹25 crore)
Profit Before Tax: ₹55 crore, up 2079.9% YoY (Q1 FY26: ₹3 crore) and up 22.3% QoQ (Q4 FY26: ₹45 crore)
Tax Expense: ₹14 crore, up from ₹0 crore in Q1 FY26 and up 15.7% QoQ (Q4 FY26: ₹12 crore)
Profit After Tax: ₹41 crore, up 1825.9% YoY (Q1 FY26: ₹2 crore) and up 24.8% QoQ (Q4 FY26: ₹33 crore)
PAT Margin: 4.7%, up 446 bps YoY (Q1 FY26: 0.3%) and up 99 bps QoQ (Q4 FY26: 3.7%)
Basic EPS: ₹8.16, up 1825.9% YoY (Q1 FY26: ₹0.42) and up 24.8% QoQ (Q4 FY26: ₹6.54)
Diluted EPS: ₹8.16, up 1825.9% YoY (Q1 FY26: ₹0.42) and up 24.8% QoQ (Q4 FY26: ₹6.54)

Profitability improvement attributed to better realizations, favorable product mix, operating leverage, and disciplined cost management
High capacity utilization across businesses: Denim fabric at 98%, PV fabric at 97%
Note: Revenue figures are inclusive of Other Incomes

Spinning (ring): 3,06,864 spindles | 85,140 MT p.a.
Spinning (open-end): 4,584 rotors | 19,080 MT p.a.
Knitting: 32 knitting machines | 5,400 MT p.a.
Denim fabric: 298 weaving looms, 5 indigo processing lines, 1 rope dyeing line | 60 million meters p.a.
PV fabric: 304 weaving looms, 7 stenters | 76 million meters p.a.
Seamless garments: 114 seamless knitting machines | 10.74 million pieces p.a.
Green fibre (recycled polyester): Fibre plant, Bhilwara | 45 TPD (16,020 MT p.a.)

Total Outlay: Approximately ₹1,500 crore
Completion Timeline: By March 2029
Funding: Fully funded through internal accruals and term debt, within firm internal leverage discipline
Purpose: To complete integration from fibre to garment across both cotton and synthetic value chains, including entry into garment manufacturing

PV garments: Capacity of 5 lakh pieces per month
Denim garments: Capacity of 5 lakh pieces per month
Both units will be ramped up in phases, in step with customer commitments
Strategic rationale: Leverages existing fabric production and customer relationships with leading domestic and international brands
High degree of automation specified to reduce dependence on scarce skilled labor

Existing renewable capacity: 36 MW (19 MW solar + 5 MW wind + 12 MW hybrid)
Under implementation: 40.7 MW (18 MW solar from Q2 FY27 + 2.7 MW solar from August 2026 + 20 MW hybrid from April 2027)
Total planned capacity: 76.7 MW
Expected annual savings at full operation: ₹48 crore (₹22 crore from solar + ₹26 crore from hybrid)
Benefits: Structural reduction in power cost per unit and carbon footprint

Operations: 6 state-of-the-art manufacturing facilities in Rajasthan
Employment: 10,000+ employees directly employed across operations
Market Reach: Export presence in 50+ countries, serving leading global and domestic brands
Business Segments: Five revenue segments with two-thirds domestic base reducing dependence on any single product, market or customer
Recognition: Four-star export house by Directorate General of Foreign Trade, Government of India
Accreditations: Globally recognized certifications including GOTS, OCS, GRS, Oeko-Tex Standard 100, BCI

Community: Established institutes, university, and NABH-certified hospital serving Bhilwara region
Water Management: 4 effluent treatment plants, 4 sewage treatment plants
Circular Economy: Recycled polyester fibre capacity of 45 TPD today, rising to 85 TPD under growth plan, consuming close to 50,000 MT of plastic waste annually at full capacity
Recycled content and renewable sourcing are increasingly qualification criteria for global brand customers

Mr. Ram Pal Soni: Founder & Chairman
Mr. Anurag Soni: Managing Director (PhD in Strategic Management, over three decades with Sangam)
Mr. V. K. Sodani: Executive Director & CEO (Fabrics and Garment business, over three decades in fabric manufacturing)
Mr. Pranal Modani: CEO (Yarn & Denim Business)
CA S. R. Dakhera: CFO (Chartered Accountant with nearly four decades in corporate finance)

Mr. Dinesh Chander Patwari: Former Principal Chief Commissioner of Income Tax, Rajasthan (35 years in Indian Revenue Service)
Mr. Rakesh Kumar Gupta: Former IRS officer, MBA from IIM Ahmedabad (36 years in Indian Revenue Service)
Mr. Anand Kumar: Former Secretary, Ministry of Textiles, Government of India (37 years in IAS)

| FY21 | 1,369 | 132 | 9.6% | 4 |

| FY22 | 2,445 | 315 | 12.9% | 142 |

| FY23 | 2,729 | 318 | 11.7% | 130 |

| FY24 | 2,641 | 228 | 8.6% | 40 |

| FY25 | 2,872 | 260 | 9.1% | 32 |

| FY26 | 3,243 | 329 | 10.1% | 83 |

Company Representative: Mr. Arjun Agal, Company Secretary (+91 9252145210, arjunagal@sangamgroup.com)
Go India Advisors: Ms. Mehal Gogia (+91 9140969229, mehal@goindiaadvisors.com) and Ms. Garima Singla (+91 9780042377, garima@goindiaadvisors.com)