Sangam (India) reports strong half-year earnings, boosted by accounting change

Sangam (India) Limited reported unaudited standalone profit after tax of Rs. 2,805 Lakhs for the half-year ended September 30, 2025, a significant increase from Rs. 1,757 Lakhs in the prior year. Consolidated profit after tax also rose to Rs. 2,526 Lakhs, up from Rs. 1,983 Lakhs.

This growth was notably influenced by a revision in the estimated useful life of certain plant and machinery and solar power plant assets, effective April 1, 2025. This accounting change resulted in a lower depreciation charge of Rs. 2,407 Lakhs for the half-year, consequently increasing profit before tax by Rs. 2,407 Lakhs and profit after tax by Rs. 1,801 Lakhs.

The company's total standalone income for the half-year reached Rs. 1,57,491 Lakhs, with consolidated total income at Rs. 1,58,729 Lakhs. The board also approved issuing performance-linked sweat equity shares to promoter group individuals, including Mr. V K Sodani and Mr. Pranal Modani, for up to 1,00,000 equity shares each, tied to achieving specific PAT and EBITDA milestones through FY 2029-30.