Soma Textiles' highway pivot delivers ₹81 cr revenue, profit falls on one-offs
Revenue jumped to ₹80.88 crore in FY26 from ₹9.49 crore as the construction business scaled. Net profit fell to ₹9.83 crore from ₹69.27 crore without last year's exceptional gains.
What's new
- Soma Textiles posted FY26 revenue of ₹80.88 crore, up from ₹9.49 crore, confirming the full-year impact of its pivot to highway construction.
- Net profit fell to ₹9.83 crore from ₹69.27 crore, driven by the absence of prior-year exceptional gains.
- Underlying profit before exceptional items improved to ₹4.78 crore, up from a loss in FY25.
Why this matters
The audited results put final numbers on the business transformation the market knew was underway. Revenue grew 8x, but profit is more volatile. A one-off gain flattered the FY25 base; the core construction business is now generating a modest operating profit. The file confirms, rather than reveals, the new trajectory.
What we're watching
- Whether the highway-project pipeline can sustain the new revenue scale.
- If the ₹4.78 crore operating profit represents a stable floor.
- Management's commentary on execution pace and margin trends.
The full read
Soma Textiles now builds highways, not textiles. FY26 revenue landed at ₹80.88 crore, up from ₹9.49 crore the year before. Profit is more complicated. Net profit fell to ₹9.83 crore from ₹69.27 crore, but that comparison is skewed by FY25's large exceptional gains. Excluding them, operating profit improved from a loss to ₹4.78 crore. The pivot from trading to construction is real, and the audited numbers confirm what earlier quarters suggested: the new business is bigger but less profitable than the FY25 figure implied. The open question is whether the highway-project pipeline can support the scale, and whether the ₹4.78 crore operating profit is a floor or a ceiling.
Questions answered
- Why did Soma Textiles' net profit fall so sharply?
- Net profit dropped to ₹9.83 crore from ₹69.27 crore because FY25 included large exceptional gains. Excluding those, the underlying operating performance improved from a loss to a profit of ₹4.78 crore.
- What is the core business now?
- Soma Textiles has shifted from textile trading to highway construction. The ₹80.88 crore FY26 revenue figure comes from this new line of work.
- Was this revenue jump a surprise?
- Not entirely. The company had previously disclosed the change in management control and pivot to construction. Quarterly results showed the ramp-up, so these audited annual figures confirm rather than reveal the trajectory.
- How does the underlying profit look?
- Profit before exceptional items turned positive at ₹4.78 crore, after the company posted a loss on that basis in FY25. It suggests the core highway business is generating cash, even if the headline profit number is down.