Sula Vineyards Limited — Quarter and year ended 31 March 2026
This document contains consolidated and standalone quarterly/yearly financial results along with balance sheets and cash flow statements.
| Sr. No | Particulars | Quarter Ended | Year Ended |
|---|---|---|---|
| 31 March 2026 (Unaudited, Refer note 7) |
31 December 2025 (Unaudited) | ||
| 1 | Income | ||
| (a) Revenue from operations | 142.56 | 195.68 | |
| (b) Other income | 1.61 | 0.91 | |
| Total Income (a+b) | 144.17 | 196.69 | |
| 2 | Expenses | ||
| (a) Cost of materials consumed | 71.96 | 17.02 | |
| (b) Purchases of stock-in-trade | 13.14 | 10.73 | |
| (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade | (51.01) | 35.80 | |
| (d) Excise duty on sales | 7.65 | 15.27 | |
| (e) Employee benefits expense | 20.41 | 24.79 | |
| (f) Finance costs | 7.14 | 8.19 | |
| (g) Depreciation and amortisation expenses | 10.08 | 10.41 | |
| (h) Other expenses: | |||
| – Selling, distribution and marketing expenses | 20.95 | 30.43 | |
| – Others | 31.73 | 29.69 | |
| Total expenses (a+b+c+d+e+f+g+h) | 132.05 | 182.33 | |
| 3 | Profit before exceptional item and tax (1-2) | 12.12 | 14.26 |
| 4 | Exceptional item (Refer note 6) | (0.12) | (1.70) |
| 5 | Profit before tax (3+4) | 12.00 | 12.56 |
| 6 | Tax expense / (credit) | ||
| (a) Current tax | 2.45 | 4.77 | |
| (b) Deferred tax | 0.96 | (1.31) | |
| Total tax expenses (a+b) | 3.41 | 3.46 | |
| 7 | Net profit for the quarter/year (5-6) | 8.59 | 9.10 |
| 8 | Other comprehensive income (OCI) | ||
| (a) Items that will not be reclassified to profit or loss | |||
| – Gain on remeasurement of defined benefit plans (net of tax) | 1.62 | 0.65 | |
| (b) Items that will be reclassified to profit or loss | – | – | |
| Other comprehensive income for the quarter/year, net of tax | 1.62 | 0.65 | |
| 9 | Total comprehensive income for the quarter/year (7+8) | 10.21 | 9.75 |
| Sr. No | Particulars | 31 March 2026 | 31 December 2025 | 31 March 2025 | 31 March 2026 | 31 March 2025 |
|---|---|---|---|---|---|---|
| 10 | Paid up equity share capital (Face value of INR 2 each) | 16.89 | 16.89 | 16.88 | 16.89 | 16.88 |
| 11 | Other equity (excluding revaluation reserve) | 570.51 | 569.39 | |||
| 12 | Earnings per equity share of face value INR 2 each (Not annualised for the quarters) |
|||||
| (a) Basic (in INR) | 1.02 | 1.08 | 1.55 | 3.04 | 8.32 | |
| (b) Diluted (in INR) | 1.02 | 1.08 | 1.55 | 3.04 | 8.32 |
| Particulars | As at 31 March 2026 Audited | As at 31 March 2025 Audited |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 471.26 | 471.86 |
| Right-of-use assets | 36.40 | 16.32 |
| Capital work-in-progress | 0.85 | 4.87 |
| Goodwill | 1.67 | 2.52 |
| Other intangible assets | 2.72 | 4.61 |
| Intangible assets under development | – | 0.65 |
| Financial assets | ||
| Investments * | 0.00 | 0.00 |
| Loans | 1.78 | 2.24 |
| Other financial assets | 13.72 | 11.55 |
| Deferred tax assets (net) | 6.25 | 4.58 |
| Non-current tax assets (net) | 0.22 | 6.19 |
| Other non-current assets | 13.75 | 13.27 |
| Total non-current assets | 548.62 | 538.66 |
| Current assets | ||
| Inventories | 200.91 | 216.07 |
| Financial assets | ||
| Trade receivables | 237.19 | 234.41 |
| Cash and cash equivalents | 7.19 | 7.22 |
| Bank balances other than cash and cash equivalents | 2.18 | 1.15 |
| Loans | 2.44 | 1.90 |
| Other financial assets | 86.63 | 74.71 |
| Other current assets | 10.36 | 6.45 |
| Total current assets | 546.90 | 541.91 |
| TOTAL ASSETS | 1,095.52 | 1,080.57 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 16.89 | 16.88 |
| Other equity | 570.51 | 569.39 |
| Total equity | 587.40 | 586.27 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | 56.63 | 67.66 |
| Lease liabilities | 31.73 | 12.89 |
| Other financial liabilities | 4.02 | 0.28 |
| Provisions | 3.32 | 3.38 |
| Deferred tax liabilities (net) | 28.64 | 27.14 |
| Total non-current liabilities | 124.34 | 111.35 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 237.44 | 229.45 |
| Lease liabilities | 7.13 | 5.25 |
| Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 12.96 | 5.94 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 82.74 | 86.23 |
| Other financial liabilities | 17.80 | 24.03 |
| Other current liabilities | 23.40 | 27.59 |
| Provisions | 1.56 | 2.17 |
| Current tax liabilities (net) | 0.75 | 2.29 |
| Total current liabilities | 383.78 | 382.95 |
| TOTAL EQUITY AND LIABILITIES | 1,095.52 | 1,080.57 |
| Particulars | Year ended 31 March 2026 Audited | Year ended 31 March 2025 Audited |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before tax | 35.39 | 88.34 |
| Adjustments for : | ||
| Depreciation and amortisation expense | 39.17 | 34.99 |
| Interest expense | 29.15 | 27.79 |
| Interest income | (2.55) | (2.38) |
| Gain on sale of investment in mutual fund | – | (0.61) |
| Impairment of intangible assets | 1.82 | – |
| Impairment of trade receivables | 0.30 | 0.27 |
| (Reversal of)/ allowance for non-moving/ obsolete inventory | (0.45) | 0.31 |
| Government grant related to depreciable assets | (0.28) | (0.28) |
| Share based payment expenses | 3.28 | 3.78 |
| Loss on disposal of property, plant and equipment (net) | 0.22 | 0.22 |
| Profit on termination of lease | (0.49) | (0.17) |
| Unrealised exchange loss/(gain) on foreign currency translations (net) | 0.03 | (0.03) |
| Operating profit before working capital changes | 70.20 | 63.89 |
| Adjustments for changes in working capital: | ||
| Decrease/(increase) in inventories | 105.59 | 152.23 |
| Increase in trade receivables | 15.61 | (18.54) |
| Increase in financial assets and other asset | (3.08) | (65.06) |
| Increase in trade payables, current / non-current other financial liabilities, other liabilities | (15.91) | (2.93) |
| 4.69 | 12.98 | |
| 1.31 | (73.55) | |
| Cash generated from operations | 106.90 | 78.68 |
| Direct taxes paid (net of refunds) | (6.15) | (20.30) |
| Net cash generated from operating activities (A) | 100.75 | 58.38 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment, capital work-in-progress, other intangible assets and intangible assets under development (net) | (32.21) | (67.48) |
| Payment towards acquisition of business (net of cash and cash equivalents acquired) | – | (12.98) |
| Proceeds from sale of property, plant and equipment and other intangible assets (net) | 0.16 | 2.11 |
| Loan given to employees (net) | (0.08) | (0.47) |
| (Placement of)/ proceeds from maturity of bank deposits (net) | (2.15) | 1.15 |
| Proceeds from sale of mutual funds | – | 94.86 |
| Investment in mutual funds | – | (94.25) |
| Interest received | 0.96 | 2.25 |
| Net cash used in investing activities (B) | (33.32) | (74.81) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Proceeds from issue of equity share capital on exercise of employee stock options | 0.65 | 0.17 |
| Proceeds from long-term borrowings | 30.93 | 61.50 |
| Repayment of long-term borrowings | (34.50) | (44.96) |
| Proceeds from short-term borrowings | 28.53 | 26.64 |
| Repayment of short-term borrowings | (21.55) | (41.70) |
| Repayment of working capital demand loans (net) | (6.45) | (4.00) |
| Repayment of principal portion of lease liabilities | (6.17) | (5.09) |
| Payment of interest on lease liabilities | (2.47) | (1.78) |
| Interest paid | (25.73) | (26.76) |
| Dividend paid | (30.70) | (37.56) |
| Net cash used in financing activities (C) | (67.46) | (73.54) |
| Net decrease in cash and cash equivalents (A+B+C) | (0.03) | (89.97) |
| Cash and cash equivalents at the beginning of the year | 7.22 | 97.19 |
| Cash and cash equivalents at the end of the year | 7.19 | 7.22 |
| Sr. No. | Particulars | Quarter ended 31 March 2026
(Unaudited, Refer note 7) | Quarter ended 31 December 2025
(Unaudited) | Quarter ended 31 March 2025