Integrated Filing — IndAS



General information about company

Scrip Code 526885
NSE Symbol SARLAPOLY
MSEI Symbol NOTLISTED
ISIN INE453D01025
Name of company SARLA PERFORMANCE FIBERS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 22-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 22-04-2026   17:38:00
End date and time of board meeting 22-04-2026   22:19:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 10,253.24 40,123.22
Other income 1,126.91 5,664.60
Total income 11,380.15 45,787.82
2 Expenses
(a) Cost of materials consumed 4,196.85 17,353.42
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 134.91 720.67
(d) Employee benefit expense 663.96 2,446.12
(e) Finance costs 179.25 823.90
(f) Depreciation, depletion and amortisation expense 614.41 2,523.15
(f) Other Expenses
1 Impairment Expenses 453.40 453.40
2 Other expenses 4,590.06 15,294.79
Total other expenses 5,043.46 15,748.19
Total expenses 10,832.84 39,615.45
3 Total profit before exceptional items and tax 547.31 6,172.37
4 Exceptional items (7,713.26) (7,713.26)
5 Total profit before tax (7,165.95) (1,540.89)
6 Tax expense
7 Current tax (1,194.15) (209.26)
8 Deferred tax 0.00 0.00
9 Total tax expenses (1,194.15) (209.26)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (5,971.80) (1,331.63)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (5,971.80) (1,331.63)
17 Other comprehensive income net of taxes (1,499.71) (2,942.59)
18 Total Comprehensive Income for the period (7,471.51) (4,274.22)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (5,963.93) (1,313.46)
Total profit or loss, attributable to non-controlling interests (7.87) (18.18)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (7,465.86) (4,256.12)
Total comprehensive income for the period attributable to owners of parent non-controlling interests (6.74) (18.10)
21 Details of equity share capital
Paid-up equity share capital 835.03 835.03
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 42,814.74
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -7.14 -1.57
Diluted earnings (loss) per share from continuing operations -7.14 -1.57
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -7.14 -1.57
Diluted earnings (loss) per share from continuing and discontinued operations -7.14 -1.57
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Audit Committee has reviewed these results and the Board of Directors have approved the above results at their meeting held on 22nd April, 2026. 2. Figures of three months ended March 31, 2026 and the corresponding quarter ended in the previous year as reported in these results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the relevant financial year. Also the figures upto the end of third quarter had only been reviewed and not subjected to audit 3. The Board of Directors have recommended a dividend of INR. 2/- per equity share of face value of INR 1/- subject to approval of shareholders. The Promoters and the promoter group have expressed that they will be waiving of their rights to receive the dividend. 4. During the quarter, the Company sold 11,1% Non-Cumulative Redeemable Preference Shares held in its wholly owned subsidiary, Sarla Flex Inc., having a face value of USD 10,00,000 each, for consideration of USD 11,000 per share. (a) In the standalone Financials, Based on the carrying amount of the said Preference Shares of Rs. 7,824.85 lakhs (gross of impairment of Rs. 2,280.10 Lakhs carried out in earlier years), the sale transaction has resulted in a loss amounting to Rs. 5,433.16 lakhs, which has been recognized as an Exceptional Item in the statement of Profit and Loss for the quarter and year ending 31st March 2026. For the sale and write off of the loss for the above transaction and subsequent receipt of the sales proceeds, the company has applied for the necessary approvals from the regulators and the same is still awaited as on date. The management believes that there is no uncertainty regarding the approvals and the receipt of the aforesaid consideration. (b) In the Consolidated Financials, the sale transaction has resulted in a loss amounting to Rs 7,713.26 Lakhs (since Provision for Impairment of Rs 2,280.10 Lakhs recorded in the earlier years in the standalone financials statements were eliminated due to consolidation adjustments) which has been recognized as an Exceptional Item in the statement of Profit and Loss for the quarter and year ending 31st March 2026. 5. The Company has performed an impairment assessment of its Windmill asset in accordance with Ind AS 36 – Impairment of Assets. The recoverable amount of the asset was determined using the Discounted Cash Flow (DCF) method. As the recoverable amount was lower than the carrying amount, an impairment loss of Rs. 453.40 lakhs has been recognized in the Statement of Profit and Loss for the quarter and year ended 31st March 2026. 6. Pursuant to the new labour code provisions the Company had assesed and recognised the impact of enhanced gratuity liability of Rs 18.37 Lakhs in December 2025, resulting in an increase in employee benefit expenses



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 21,749.01
Capital work-in-progress 443.40
Investment property
Goodwill 0.00
Other intangible assets 21.28
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 28,407.86
Trade receivables, non-current
Loans, non-current 30.08
Other non-current financial assets
1 Other financial assets 66.20
Total of other non-current financial assets 66.20
Total non-current financial assets 28,504.14
Deferred tax assets (net) 1.52
Other non-current assets
1 Non current Tax Assets (Net) 226.22
2 Other non-current assets 578.17
Total of other non-current assets 804.39
Total non-current assets 51,523.74
2 Current assets
Inventories 7,736.42
Current financial asset
Current investments 8,386.28
Trade receivables, current 11,469.88
Cash and cash equivalents 269.32
Bank balance other than cash and cash equivalents 38.35
Loans, current 23.69
Other current financial assets
Total of other current financial assets 2,316.82
Total current financial assets 22,504.34
Current tax assets (net)
Other current assets
1 Other current assets 1,329.45
Total of other current assets 1,329.45
Total current assets 31,570.21
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 83,093.95
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 835.03
Other equity 50,639.59
Total equity attributable to owners of parent 51,474.62
Non controlling interest (11.24)
Total equity 51,463.38
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,525.65
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 450.38
Total of other non-current financial liabilities 450.38
Total non-current financial liabilities 3,976.03
Provisions, non-current 160.57
Deferred tax liabilities (net) 1,586.42
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 5,723.02
Current liabilities
Current financial liabilities
Borrowings, current 15,576.30
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 176.33
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,437.91
Total Trade payable 3,614.24
Other current financial liabilities
1 Lease Liabilities 226.13
2 Other financial liabilities 5,400.77
Total of other current financial liabilities 5,626.90
Total current financial liabilities 24,817.44
Other current liabilities 964.21
1 Other current liabilities 964.21
Total of other current liabilities 964.21
Provisions, current 55.34
Current tax liabilities (Net) 70.56
Deferred government grants, Current
Total current liabilities 25,907.55
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 31,630.57
Total equity and liabilites 83,093.95
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 (a). YARN 10,180.78 39,618.49
2 (b). WIND POWER 0.0009753 0.0064391
Total Segment Revenue 10,278.31 40,262.40
Less: Inter segment revenue 25.06 139.17
Revenue from operations 10,253.25 40,123.23
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 (a). YARN 2,632.70 10,737.53
2 (b). WIND POWER (502.26) (196.84)
Total Profit before tax 2,130.44 10,540.69
i. Finance cost 179.25 823.90
ii. Other Unallocable Expenditure net off Unallocable income 9,117.14 11,257.68
Profit before tax (7,165.95) (1,540.89)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 (a). YARN 41,810.04 41,810.04
2 (b). WIND POWER 4,225.20 4,225.20
Total Segment Asset 46,035.24 46,035.24
Un-allocable Assets 37,058.71 37,058.71
Net Segment Asset 83,093.95 83,093.95
4 Segment Liabilities
Segment Liabilities
1 (a). YARN 15,080.97 15,080.97
2 (b). WIND POWER 11.08 11.08
Total Segment Liabilities 15,092.05 15,092.05
Un-allocable Liabilities 16,538.47 16,538.47
Net Segment Liabilities 31,630.52 31,630.52
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 30.37 28.92
Total Amount of items that will not be reclassified to profit and loss 30.37 28.92
2 Income tax relating to items that will not be reclassified to profit or loss 7.64 7.28
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit and loss (2,041.74) (4,044.55)
Total Amount of items that will be reclassified to profit and loss (2,041.74) (4,044.55)
4 Income tax relating to items that will be reclassified to profit or loss (519.30) (1,080.32)
5 Total Other comprehensive income (1,499.71) (2,942.59)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (1,540.89)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 735.16
Adjustments for decrease (increase) in inventories (341.25)
Adjustments for decrease (increase) in trade receivables, current 334.29
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,200.38)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (10.41)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 426.76
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,976.56
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 1,156.65
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (621.68)
Adjustments for dividend income 73.21
Adjustments for interest income 329.46
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (1,253.94)
Other adjustments for non-cash items 7,838.93
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 9,638.02
Net cash flows from (used in) operations 8,097.13
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 676.31
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 7,420.82
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 6,814.91
Other cash receipts from sales of interests in joint ventures 111.59
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 31.96
Purchase of property, plant and equipment 1,784.84
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 7.13
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 10.97
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 73.21
Interest received 329.46
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (8,071.63)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 3,542.23
Repayments of borrowings 766.67
Payments of lease liabilities 199.97
Dividends paid 1,079.82
Interest paid 823.88
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 671.89
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 21.08
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 21.08
Cash and cash equivalents cash flow statement at beginning of period 248.24
Cash and cash equivalents cash flow statement at end of period 269.32





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 CNK & Associates LLP Yes 31-07-2027


Financial details

Amount in (Lakhs)

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 45,787.82 45,787.82
2 Total Expenditure 47,328.71 47,328.71
3 Net Profit/(Loss) (1,331.63) (1,331.63)
4 Earnings Per Share -1.57 -1.57
5 Total Assets 83,096.96 83,096.96
6 Total Liabilities 31,630.52 31,630.52
7 Net Worth 51,463.42 51,463.42


Audit qualification

Amount in (Lakhs)

Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block

Textual Information(1) We draw attention to Note No. 4 to the financial results on Exceptional Items wherein the Company has recognized loss of Rs. 7,713.26 lakhs on sale of 1% Non-Cumulative Redeemable Preference Shares held in its wholly owned subsidiary, Sarla Flex Inc.



For the sale and write off of the loss for the above transaction and subsequent receipt of the sales proceeds the company has applied for the necessary approvals from the regulators and the same is still awaited as on date of our audit report.



Note No.4 to the financial Results:

During the quarter, the Company sold 11,1% Non-Cumulative Redeemable Preference Shares held in its wholly owned subsidiary, Sarla Flex Inc., having a face value of USD 10,00,000 each, for consideration of USD 11,000 per share.

In the Consolidated Financials, the sale transaction has resulted in a loss amounting to Rs 7,713.26 Lakhs (since Provision for Impairment of Rs 2,280.10 Lakhs recorded in the earlier years in the standalone financials statements were eliminated due to consolidation adjustments) which has been recognized as an Exceptional Item in the statement of Profit and Loss for the quarter and year ending 31st March 2026.

For the sale and write off of the loss for the above transaction and subsequent receipt of the sales proceeds, the company has applied for the necessary approvals from the regulators and the same is still awaited as on date.

The management believes that there is no uncertainty regarding the approvals and the receipt of the aforesaid consideration.

Textual Information(2) Not Applicable
Textual Information(3) Not Applicable
Textual Information(4) Auditor have qualified the opinion as the approvals from the regulators is still awaited but the Management, based on its assessment of the facts and circumstances, believes that such approvals are procedural in nature and do not cast any uncertainty on the transaction
Textual Information(5) This being a regulatory non-compliance we are unable to quantify the amount of penalty that may be imposed by the regulator to regularize this transaction pending clearance


Signatories detail

Name of CEO / Managing director KRISHNA KUMAR JHUNHUNWALA
Name of CFO KAYVANNA SHAH
Name of audit committee chairman SACHIN ABHAYANKAR
Name of statutory auditor SURESH AGASKAR
Name of other signatory, if any, with designation
Place MUMBAI
Date 22-04-2026