Sula Vineyards Q1FY27 Results: Net Profit Declines to ₹1.06 Crore
Sula Vineyards reported consolidated revenue of ₹120.79 crore for Q1FY27. Consolidated net profit declined to ₹1.06 crore from ₹25.65 crore in Q4FY26. Standalone revenue was ₹106.65 crore with a net profit of ₹4.06 crore. The company sold an office property for ₹27 crore.
The sharp decline in net profit, despite revenue growth, could impact investor sentiment and stock performance. However, the sale of property and previous exceptional items provide some context.
The net profit for the quarter shows a significant decline compared to both the previous quarter and the same quarter last year, indicating a negative financial performance.
Sula Vineyards Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on August 6, 2026. The Board of Directors approved these results along with the limited review reports from the statutory auditors.
For the quarter ended June 30, 2026, the consolidated revenue from operations stood at ₹120.79 crore, a slight increase from ₹118.29 crore in the same quarter of the previous year. However, the consolidated net profit after tax saw a significant decline, reporting ₹1.06 crore for the quarter, a sharp drop from ₹25.65 crore in the quarter ended March 31, 2026, and ₹1.94 crore in the quarter ended June 30, 2025. Total comprehensive income for the quarter was ₹1.10 crore.
On a standalone basis, revenue from operations for the quarter ended June 30, 2026, was ₹106.65 crore, up from ₹99.31 crore in the corresponding quarter of the previous year. The standalone net profit after tax for the quarter was ₹4.06 crore, compared to a loss of ₹0.91 crore in the quarter ended June 30, 2025. The standalone net profit for the quarter ended March 31, 2026, was a loss of ₹5.76 crore.
During the quarter, the company sold an office property in Mumbai for ₹27.00 crore, recognizing a profit of ₹1.79 crore in other income. The consolidated financial results for the year ended March 31, 2026, had included an exceptional item of ₹182 crore as an impairment loss on intangible assets and goodwill. The standalone results for the quarter ended March 31, 2026, had an exceptional item of ₹8.11 crore related to an impairment loss on investment in a subsidiary.
The Board meeting commenced at 2:48 p.m. and concluded at 3:44 p.m. on August 6, 2026. The financial results are also available on the company's website.
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Sula Vineyards Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sula Vineyards Limited. Read the original for the full detail.