Somi Conveyor Beltings Reports FY26 Financial Results

Somi Conveyor Beltings Ltd has released its audited financial results for the fiscal year ending March 31, 2026. The company achieved a total revenue of ₹101.42 crore and a net profit of ₹5.03 crore.

Financial Highlights for FY26

The company reported a total revenue of ₹10141.78 lakh (₹101.42 crore) for the full fiscal year. Profit after tax for the same period was ₹503.06 lakh (₹5.03 crore). In the fourth quarter of FY26, revenue stood at ₹1748.71 lakh with a profit after tax of ₹58.84 lakh.

New Auditor Appointments

In addition to its financial performance, Somi Conveyor Beltings informed the stock exchanges of key appointments. M/s. B. P. Bang & Company has been appointed as the new Internal Auditor, and M/s Anchal Jain & Co. will serve as the new Cost Auditor for the financial year 2026-27. These decisions were finalized during a board meeting held on May 20, 2026.

Investor and Operational Impact

These financial figures offer shareholders a clear view of the company's operational achievements and profitability over the past year. The appointment of independent auditors is a standard corporate governance practice, ensuring a thorough review of the company's financial standing and operational costs for the coming fiscal year.

Company Background

Somi Conveyor Beltings Ltd manufactures conveyor belts, with its performance closely tied to industrial demand from sectors like mining, manufacturing, and logistics.

Future Outlook and Risks

While no immediate operational changes are expected, the FY26 results establish a performance baseline for FY27. Shareholders will anticipate continued growth and profitability, supported by the new auditors' oversight. Potential risks include raw material price volatility, industry competition, and economic downturns affecting industrial demand.

Performance Metrics

• FY26 Total Revenue: ₹101.42 crore
• FY26 Profit after Tax: ₹5.03 crore
• Q4 FY26 Total Revenue: ₹17.49 crore
• Q4 FY26 Profit after Tax: ₹0.59 crore

Investors will be tracking the company's performance in the upcoming quarters of FY 2026-27, alongside any significant operational updates or new business developments.