Sreeleathers FY26 profit up 27% on 12% revenue growth

The headline numbers from FY26

Sreeleathers Limited reported stronger profitability for the year ended March 31, 2026, supported by an expansion in revenue from operations. Net profit for FY26 rose 27.3% year-on-year to ₹28.7427 crore (₹2,874.27 lakh). Revenue from operations grew 12.4% to ₹248.4043 crore (₹24,840.43 lakh) from ₹220.9947 crore (₹22,099.47 lakh) in FY25. The company also reported higher total income and higher expenses, indicating increased scale of operations during the year.

The audited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 29, 2026. The meeting commenced at 5:30 p.m. and concluded at 9:30 p.m. According to the disclosures, the statutory auditors, M/s K. Rungta & Co., Chartered Accountants, issued an unmodified opinion on the audited standalone results.

FY26 profitability improves alongside higher income

Beyond revenue from operations, Sreeleathers reported total income of ₹254.6131 crore (₹25,461.31 lakh) in FY26 versus ₹221.4464 crore (₹22,144.64 lakh) in FY25. Total expenses increased to ₹216.3469 crore (₹21,634.69 lakh) from ₹189.5454 crore (₹18,954.54 lakh). Profit before tax rose to ₹38.2068 crore (₹3,820.68 lakh) compared with ₹31.9010 crore (₹3,190.10 lakh) in the previous year.

The reported earnings per share (EPS) increased to ₹12.41 for FY26 from ₹9.75 in FY25. While the filing provides headline totals, it also shows the combined effect of higher sales and higher cost base, with profit growth outpacing revenue growth during the year.

Q4FY26 shows a sharper year-on-year jump

For the quarter ended March 31, 2026 (Q4FY26), Sreeleathers reported profit of ₹9.6712 crore (₹967.12 lakh). This was higher than ₹5.2948 crore (₹529.48 lakh) in Q4FY25, as stated in the results summary. Revenue from operations for Q4FY26 stood at ₹62.6930 crore (₹6,269.30 lakh), up from ₹53.1528 crore (₹5,315.28 lakh) in the same quarter last year.

The quarterly numbers matter because they show how the year ended for the company and often influence how investors interpret annual performance. Here, both profit and revenue from operations were higher than the comparable quarter in the prior year, consistent with the full-year trend.

Dividend: final payout proposed after interim dividend mention

The Board recommended a final dividend of Re 1 per equity share of face value ₹10 each for FY26. The dividend is subject to shareholder approval at the ensuing Annual General Meeting (AGM), as noted by the company.

Separately, the text also references that Sreeleathers has declared a 10% interim dividend for the financial year March 2026. The company’s FY26 communication, however, specifically reiterates the final dividend recommendation of Re 1 per share, which will depend on shareholder approval at the AGM.

Board decisions: independent director appointment

Alongside the financial approval, the Board approved the appointment of Mr. Bhaskar Chatterjee as an Additional Director in the category of Non-Executive Independent Director. The proposed term is five consecutive years, effective May 29, 2026. This appointment is also subject to shareholder approval at the upcoming AGM.

Such governance updates are typically disclosed with results because board composition and independent oversight are relevant for listed companies, particularly when shareholders are asked to vote on appointments.

Auditor’s view: unmodified opinion on audited results

The statutory auditors, M/s K. Rungta & Co., provided an unmodified opinion on the standalone audited financial results. An unmodified opinion indicates that, based on the audit, the financial statements present a true and fair view in accordance with the applicable financial reporting framework.

The company stated that the audited standalone financial results were reviewed by the Audit Committee and approved by the Board at the May 29, 2026 meeting.

Market references and trading context in the disclosure

The provided text includes two market price references: ₹189.98 (down 0.17%) on March 18, 2026, and a “current price” of ₹178.91. These points offer context on how the stock has been quoted around the period referenced in the disclosure, although they do not, by themselves, explain the drivers behind price changes.

The text also mentions an “upcoming earnings date” of May 29, 2026, which aligns with the board meeting date when audited results were approved.

Key financial snapshot (FY26 vs FY25, and Q4 comparison)

What investors may track next

The immediate next step flagged by the company is shareholder approval at the AGM for the final dividend and the independent director appointment. Investors typically watch for the record date and payment timelines once dividends are approved, but those details are not provided in the text.

The company has also referenced earlier board activity, including a board meeting outcome dated February 6, 2026 related to financial results for the quarter and nine months ended December 31, 2025 and an interim dividend. In the near term, market participants will likely focus on how the FY26 audited numbers translate into performance in subsequent quarters, and on any further board or exchange filings.

Conclusion

Sreeleathers closed FY26 with higher revenue and faster profit growth, with net profit rising 27.3% to ₹28.7427 crore and revenue from operations increasing 12.4% to ₹248.4043 crore. The Board’s May 29, 2026 meeting also recommended a Re 1 final dividend and approved the appointment of Mr. Bhaskar Chatterjee as an independent director, subject to shareholder approval at the AGM. The audited standalone results received an unmodified opinion from M/s K. Rungta & Co. The next formal milestones will be AGM-related approvals for the dividend and the director appointment, as disclosed by the company.