Nellore, May 28: Sharat Industries Limited, or SIL, a publicly listed aquaculture company from Nellore, Andhra Pradesh, operating across the shrimp value chain, today announced its audited financial results for the quarter and full year ended March 31, 2026.
PERFORMANCE HIGHLIGHTS
|
PARTICULARS |
Q4FY26 |
Q4FY25 |
GROWTH (%) |
FY26 |
FY25 |
GROWTH (%) |
|
Net Profit (Rs Cr) |
0.05 |
0.53 |
(89.84%) |
15.90 |
9.96 |
59.68% |
|
Revenue from Operations (Rs Cr) |
117.24 |
93.91 |
24.85% |
524.72 |
380.53 |
37.89% |
|
EBITDA (Rs Cr) |
3.34 |
4.16 |
(19.71%) |
36.03 |
28.56 |
26.16% |
For the year ended March 2026, Revenue from Operations grew 37.89% YoY to Rs 524.72 crore, supported by healthy demand across key markets and improved business volumes. EBITDA increased 26.16% YoY to Rs 36.03 crore, while Net Profit grew 59.68% YoY to Rs 15.90 crore. EBITDA margins moderated by around 60 basis points compared to the previous year, primarily due to elevated and volatile raw material prices, geopolitical uncertainties and supply chain-related cost pressures.
For Q4FY26, the Company reported Revenue from Operations of Rs 117.24 crore, EBITDA of Rs 3.34 crore, and Net Profit of Rs 0.05 crore. Profitability during the quarter was impacted by elevated raw material prices and disruption linked to the conflict in West Asia, including the deferment or cancellation of certain orders originally destined for the Middle East. The Company incurred additional operating expenses to repackage and divert these products to alternate destinations, which impacted margins and operating cash flows during the quarter.
MANAGEMENT COMMENTS
Sharat Reddy Sabbella, Executive Director, said: “FY26 was a year of resilient growth for Sharat Industries. Despite a challenging global operating environment, geopolitical uncertainties, elevated raw material prices and supply chain disruptions, we delivered strong revenue and profit growth, supported by healthy demand across key export markets, strengthened customer relationships and a higher contribution from value-added products.
During the year, higher input costs and shipment-related disruptions exerted pressure on margins, particularly in Q4. We responded by focusing on operational efficiencies, cost optimisation, product mix improvement and market diversification. We also strengthened our presence in strategic markets such as China and expanded our value-added product portfolio. While pricing pressures and competition from countries such as Ecuador, Vietnam and Indonesia continue, we remain focused on disciplined execution, product diversification and market expansion to sustain long-term growth and competitiveness.”
BUSINESS & OPERATIONAL HIGHLIGHTS
FY26 revenue grew ~38% YoY, supported by healthy export demand, stronger business volumes and product diversification.
Demand in the U.S. market has gradually started normalising following tariff-related developments.
The Company saw strong growth in China, with revenue contribution increasing from 1.4% in FY25 to 19% in FY26.
Black Tiger shrimp, a higher-margin value-added product, witnessed strong export demand; the Company is targeting significant growth in FY27.
EBITDA margins remained under pressure due to elevated raw material costs, particularly fish meal prices, crude-linked inflationary pressures and additional costs related to shipment disruption, repackaging and diversion of orders.
The Company is evaluating opportunities in newer markets including Germany, Kazakhstan and Vietnam.
Feed division performance remained healthy during Q4FY26, supported by seasonal stocking by farmers.
During Q4FY26, the Company introduced “PD – Curl Control” as a new value-added product category and exported initial sample shipments to Russia, receiving encouraging responses.
SOLAR POWER PROJECT UPDATE
The Company has taken up a 1 MW solar power project for captive consumption at its processing facility in Nellore. During Q4FY26, 310 kW, representing around 30% of the planned capacity, was commissioned. The remaining 70% is expected to be commissioned by the end of Q1FY27. The project, with an estimated cost of around Rs 4.5 Cr, has been undertaken to improve energy efficiency and reduce power costs across operations. The project has been sized at the maximum permissible capacity currently available to the Company for captive consumption and, once fully commissioned, the project is expected to generate annual savings of approximately ₹1.4–1.5 crore, with the captive power benefits expected to reflect from Q2FY27 onwards.