Sangam India Ltd

Sangam India Reports Strong Q2 Growth 📈 | Renewable Power Project to Save ₹10 Cr Annually

- Q2 FY26 revenue: ₹785 Cr (16% YoY growth)

- EBITDA: ₹76 Cr (32% YoY growth), margins up 120 bps to 9.6%

- Net profit: ₹23 Cr (impacted by depreciation policy change)

- Depreciation policy revised to match industry benchmarks (non-cash impact)

- Capacity utilization improved across all divisions

- Yarn prices up 2-3% QoQ, signs of stabilization

- Exports stable at 35-40% of total sales

- Debt reduction plan: ₹350 Cr over 3 years (₹100-120 Cr/year)

- 12MW renewable power project to save ₹10 Cr/year from December

- Focus on operational efficiency and sustainable growth