Soma Textiles Reports Q1 FY27 Net Profit of Rs 2.76 Crore; Announces Management Control Change
Soma Textiles & Industries Ltd. announced its financial results for the quarter ended June 30, 2026, while also informing investors of a complete change in promoter ownership, management control, and its primary business segment.
What Happened and Why It Matters
Soma Textiles reported standalone and consolidated revenue from operations of Rs 28.39 crore for Q1 FY27 and a net profit of Rs 2.76 crore.
The company stated that its standalone and consolidated financial statements are identical because its investment in Soma Textiles FZC has been fully impaired, resulting in no further recognition of losses from the associate company.
In addition to the quarterly results, the company announced a complete change in promoter and management control. Following the acquisition of the entire promoter shareholding by Roadway Solutions India Infra Limited along with Mr. Ameet Harjinder Gadhoke and Mrs. Teja Ranade Gadhoke, a new Board of Directors has been constituted.
Mr. Ameet Harjinder Gadhoke has been appointed as Managing Director, while Mrs. Teja Ranade Gadhoke has assumed the role of Non-Executive Chairperson.
The company also announced a strategic shift in its primary business, transitioning from textile trading to works contracts for highway construction, making infrastructure development its principal operating segment.
Soma Textiles Q1 FY27 Financial Performance and Business Transformation
- Quarterly Financial Results: Revenue from operations stood at Rs 28.39 crore, while net profit was Rs 2.76 crore during Q1 FY27.
- Identical Standalone and Consolidated Results: The company stated that both financial statements remain the same due to the complete impairment of its investment in Soma Textiles FZC, with no further associate losses being recognized.
- Management Control Change: The acquisition by Roadway Solutions India Infra Limited and the new promoter group resulted in a complete change in ownership, management, and the appointment of a new Board of Directors.
- Business Strategy Shift: Soma Textiles has transitioned its primary business from textile trading to works contracts for highway construction, making infrastructure projects its core operating business.
What to Watch Next
Investors may monitor how the new management executes the company's highway construction strategy and whether the business transformation translates into sustainable revenue and profitability.
Market participants may also watch for new project awards, order wins, and updates on the company's infrastructure business under the new promoter group.
Disclaimer
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