Revenue from operations came in at Rs 59.41 crore, surging 133% from Rs 25.50 crore in Q1 FY25, though it slipped 2% sequentially from Rs 60.64 crore in Q4 FY25.

Profit before tax stood at Rs 7.77 crore in Q1 FY26, up 86.3% from Rs 4.17 crore in Q1 FY25 and 17% higher than Rs 6.64 crore in Q4 FY25.

Total expenditure increased 134% YoY to Rs 50.51 crore, in line with higher sales, though costs were better managed sequentially. Interest expenses surged 236% to Rs 1.48 crore, while depreciation remained flat at Rs 0.08 crore versus the same quarter last year.

Tax outgo stood at Rs 1.94 crore in Q1 FY26, up 85% YoY.

Sugs Lloyd operates in the renewable energy sector, with a primary focus on solar energy, electrical transmission and distribution, and civil EPC projects. Its services include developing power transmission infrastructure, constructing substations, and modernizing existing power systems. The company also provides outage management solutions to DISCOMs and turnkey solutions in civil construction, particularly for government clients. As of 31 March 2025, the company employed 206 people.

The company was listed on the BSE on 5 September 2025 at Rs 119.90 per share, a discount of 2.52% to the issue price of Rs 123. The IPO, which was open between 29 August and 2 September 2025, was subscribed 3.11 times, with a price band of Rs 117-123 per share.

The result was announced at the fag end of the trading session on Friday, 12 September 2025. Following the result, shares of Sugs Lloyd dropped 4.98% to settle at Rs 107.70.

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