Suncity Synthetics Limited

Board Meeting Details

The Board Meeting was held on Tuesday, 03rd November 2026 at 04:00 p.m. at the registered office of the company. The meeting commenced at 04:00 P.M. and concluded at 06:30 P.M. The Audit Committee reviewed the results before they were taken on record by the Board.

Financial Results Overview

Quarter Ended 30th September 2026 (Unaudited) vs. 30th September 2025 (Unaudited):

  • Net Sales/Income from Operations: ₹0.00 lakhs (vs. ₹8.93 lakhs YoY)
  • Other Income: ₹0.00 lakhs (vs. ₹0.00 lakhs YoY)
  • Total Revenue: ₹0.00 lakhs (vs. ₹8.93 lakhs YoY)
  • Total Expenses: ₹10.78 lakhs (vs. ₹12.98 lakhs YoY)
  • Employees benefits expense: ₹1.65 lakhs (vs. ₹0.45 lakhs YoY)
  • Depreciation and amortization: ₹0.20 lakhs (vs. ₹1.25 lakhs YoY)
  • Other Expenditure: ₹8.93 lakhs (vs. ₹2.74 lakhs YoY)
  • Profit before exceptional item and tax: (₹10.78) lakhs loss (vs. ₹4.05 lakhs profit YoY)
  • Exceptional items: ₹15.77 lakhs (vs. ₹0.00 lakhs YoY)
  • Profit before tax: ₹4.99 lakhs (vs. ₹4.05 lakhs profit YoY)
  • Tax expenses: ₹0.00 lakhs (vs. ₹0.00 lakhs YoY)
  • Profit/(Loss) for the period: ₹4.99 lakhs profit (vs. ₹4.05 lakhs loss YoY)
  • Total comprehensive income: ₹4.99 lakhs (vs. ₹4.05 lakhs loss YoY)

Six Months Ended 30th September 2026 (Unaudited) vs. 30th September 2025 (Unaudited):

  • Net Sales/Income from Operations: ₹0.00 lakhs (vs. ₹20.08 lakhs YoY)
  • Other Income: ₹0.00 lakhs (vs. ₹8.84 lakhs YoY)
  • Total Revenue: ₹0.00 lakhs (vs. ₹28.92 lakhs YoY)
  • Total Expenses: ₹16.65 lakhs (vs. ₹27.12 lakhs YoY)
  • Profit before exceptional item and tax: (₹16.65) lakhs loss (vs. ₹1.80 lakhs profit YoY)
  • Exceptional items: ₹23.31 lakhs (vs. ₹0.00 lakhs YoY)
  • Profit before tax: ₹6.65 lakhs (vs. ₹1.80 lakhs profit YoY)
  • Tax expenses: ₹0.00 lakhs (vs. ₹0.00 lakhs YoY)
  • Profit/(Loss) for the period: ₹6.65 lakhs profit (vs. ₹1.80 lakhs profit YoY)
  • Total comprehensive income: ₹6.65 lakhs (vs. ₹1.80 lakhs profit YoY)

Earnings Per Share (EPS):

  • Basic and diluted EPS before extraordinary items for Q2 FY27: ₹0.10 (vs. ₹0.08 loss YoY)
  • Basic and diluted EPS after extraordinary items for Q2 FY27: ₹0.10 (vs. ₹0.08 loss YoY)
  • Basic and diluted EPS before extraordinary items for H1 FY27: ₹0.13 (vs. ₹0.04 YoY)
  • Basic and diluted EPS after extraordinary items for H1 FY27: ₹0.13 (vs. ₹0.04 YoY)

Balance Sheet Position (as at 30th September 2026 vs 31st March 2026)

Assets:

  • Total Assets: ₹235.37 lakhs (vs. ₹85.45 lakhs)
  • Non-Current Assets: ₹137.98 lakhs (vs. ₹57.19 lakhs)
  • Property, plant & equipment: ₹10.07 lakhs (vs. ₹10.48 lakhs)
  • Investments: ₹2.40 lakhs (vs. ₹2.40 lakhs)
  • Loans: ₹98.39 lakhs (vs. ₹17.19 lakhs)
  • Deferred tax asset: ₹27.12 lakhs (vs. ₹27.12 lakhs)
  • Current Assets: ₹97.39 lakhs (vs. ₹28.26 lakhs)
  • Inventories: ₹4.00 lakhs (vs. ₹4.00 lakhs)
  • Trade receivable: ₹63.45 lakhs (vs. ₹20.39 lakhs)
  • Cash and cash equivalents: ₹0.35 lakhs (vs. ₹1.14 lakhs)
  • Loans: ₹11.49 lakhs (vs. ₹0.00 lakhs)
  • Other current assets: ₹18.10 lakhs (vs. ₹2.73 lakhs)

Equity and Liabilities:

  • Total Equity: (₹37.81) lakhs negative (vs. (₹44.43) lakhs negative)
  • Equity Share Capital: ₹494.58 lakhs (vs. ₹494.58 lakhs)
  • Other Equity: (₹532.39) lakhs (vs. (₹539.01) lakhs)
  • Non-Current Liabilities: ₹8.25 lakhs (vs. ₹17.54 lakhs)
  • Borrowings: ₹8.25 lakhs (vs. ₹17.54 lakhs)
  • Current Liabilities: ₹264.93 lakhs (vs. ₹112.34 lakhs)
  • Trade payables: ₹7.44 lakhs (vs. ₹0.00 lakhs)
  • Other Current Liabilities: ₹257.49 lakhs (vs. ₹112.34 lakhs)

Cash Flow Statement (Half Year Ended 30th September 2026 vs 30th September 2025)

  • Cash Flow from Operating Activities: (₹0.75) lakhs net cash used (vs. ₹36.67 lakhs net cash generated)
  • Cash Flow from Investing Activities: ₹0.00 lakhs (vs. ₹15.36 lakhs net cash generated)
  • Cash Flow from Financing Activities: (₹0.04) lakhs (vs. ₹20.64 lakhs net cash generated)
  • Net Increase/(Decrease) in cash: (₹0.79) lakhs (vs. (₹0.67) lakhs)
  • Cash and cash equivalents at beginning: ₹1.14 lakhs (vs. ₹1.60 lakhs)
  • Cash and cash equivalents at end: ₹0.35 lakhs (vs. ₹0.93 lakhs)

Additional Notes

1. The company's operations comprise reprocessing of synthetics waste and pet bottle waste.

2. Stock has been valued at lower of cost and realizable value.

3. Segment reporting is not applicable to the company.

4. Figures of corresponding quarter and previous year have been regrouped/reclassified wherever necessary.

5. The company has adopted Indian Accounting Standard (Ind AS) from April 01, 2017.

6. The financial results include an exceptional item of ₹15.77 lakhs for the quarter and ₹23.31 lakhs for the half-year, which significantly impacted profitability.