Synergy Green Industries reported a 3.5% income rise to ₹376.37 crore for FY26, but net profit plunged 72.4% to ₹4.66 crore. The results reflect costs from a ₹217 crore brownfield expansion.
Synergy Green Industries FY26 Results
Synergy Green Industries FY26 Total Income: ₹376.37 crore; PAT: ₹4.66 crore
Reader Takeaway: Completed ₹217cr expansion but PAT hit by costs; FY27 outlook positive.
What just happened
Synergy Green Industries recorded a total income of ₹376.37 crore for the fiscal year 2025-26, a 3.5% increase from ₹363.68 crore in FY 2024-25. However, Profit After Tax (PAT) saw a significant decline of 72.4%, dropping to ₹4.66 crore from ₹16.89 crore in the previous year. PBDIT also decreased by 8.1% to ₹49.32 crore.
Why this matters
The results highlight a challenging year marked by substantial investments in expansion. While top-line growth was modest, profitability was heavily impacted by expansion-related overheads, increased manpower, rising commodity and energy costs, and higher finance costs due to debt-funded capital expenditure.
The backstory
The company completed a ₹217 crore capital expenditure program during the year. This included expanding foundry capacity, increasing casting weight capabilities, commissioning a machining and surface treatment facility, and boosting captive solar power generation.
What changes now
Management anticipates margin expansion and healthy double-digit revenue growth in FY 2026-27, driven by the ramp-up of new facilities. The executable order book for FY 2026-27 is projected to grow over 33% to surpass ₹500 crore.
Risks to watch
Key concerns include the current margin pressure (EBITDA margins contracted from 14.8% to 13.1%), significant dependence on the wind energy sector (over 80% of revenues), and an increased Debt-Equity ratio of 2.25.
Peer comparison
(No peer comparison data available in the provided filing)
Context metrics (time-bound)
- Total Income FY 2025-26: ₹376.37 crore
- Total Income FY 2024-25: ₹363.68 crore
- Profit After Tax (PAT) FY 2025-26: ₹4.66 crore
- Profit After Tax (PAT) FY 2024-25: ₹16.89 crore
- Debt-Equity Ratio FY 2025-26: 2.25
What to track next
Investors will be watching for the company's ability to convert its expanded capacity into improved revenue and profitability in FY 2026-27, as well as the growth in its order book and margin recovery.