Sellowrap Industries Reports Q1 Financials; Confirms IPO Funds Utilization Status
Sellowrap Industries Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also confirmed the utilization status of its Initial Public Offer (IPO) proceeds as of June 30, 2026.The Board of Directors considered and approved these financials during a meeting held on August 10, 2026. These results have been subject to a limited review by Statutory Auditors, who expressed an unmodified opinion on the financial statements.
Quarterly Financial Performance (Q ended June 30, 2026)
The unaudited standalone and consolidated financial results were prepared in accordance with applicable accounting standards. The company operates within one reportable business segment, conducting operations primarily within India.A significant change noted during the review period was the modification of the depreciation method for Property, Plant and Equipment (PPE), which changed from the Written Down Value (WDV) method to the Straight-Line Method (SLM), effective April 1, 2026. The company stated that this change was applied prospectively and resulted in a decrease in depreciation expense of 2115.19 lakhs and a corresponding increase in profit before tax for the quarter.
The financial performance across various periods is detailed below:
Table 1: Standalone Statement of Profit and Loss (Amounts are given as per the source material)
| PARTICULARS | 30.06.2026 (Unaudited) | 31.03.2026 (Audited) | 30.06.2025 (Unaudited) | 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 598,622 | 6,791.39 | 4,289.71 | 20,081.65 |
| Other Income | 37.95 | 59.48 | 19.72 | 136.20 |
| Total Revenue | 6,024.17 | 6,850.87 | 4,300.43 | 20,217.85 |
| Cost Of Material Consumed | 377,294 | 437,519 | 231,508 | 11,461.76 |
| Changes In Inventoris Of Finished Goods | (377.05) | (155.53) | 98.18 | (77.91) |
| Work In Progress And Stock In Trade | 330.22 | 93.19 | (126.57) | (271.82) |
| Employees Benefits Expenses | 533.11 | 589.31 | 378.58 | 1,985.22 |
| Finance Costs | 88.27 | 85.64 | 79.17 | 313.48 |
| Depreciation And Amortisation Expenses | 107.15 | 265.59 | 24,215 | 1,019.79 |
| Manufacturing Expenses | 795.28 | 748.93 | 557.69 | 2,526.59 |
| Office And Administrative Expenses | 397.17 | - | 307.85 | 1,327.17 |
| Selling And Distribution Expenses | 155.34 | 216.78 | 116.06 | 631.95 |
| Total Expenses | 580,244 | 6,526.95 | 3,969.44 | 18,916.24 |
| Profit Before Extraordinary Items And Tax | 221.73 | 323.92 | 330.99 | 1,301.60 |
| Csr Expenses | 5.02 | 3.49 | 352.33 | 13.96 |
| Profit Before Tax | N/A | N/A | N/A | 1,287.65 |
Table 2: Consolidated Statement of Profit and Loss (Amounts are given as per the source material)
The consolidated results include the company's share of profit from an associate company, which reported total revenues of Rs. 3,355.34 lakhs and profit before tax (PBT) of Rs. 81.48 lakhs for the period April to June 2026.
| PARTICULARS | 30.06.2026 (Unaudited) | 31.03.2026 (Audited) | 30.06.2025 (Unaudited) | 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 5,986.22 | 6,791.39 | 4,289.71 | 20,081.65 |
| Other Income | 37.95 | 5,948 | 19.72 | 136.20 |
| Total Revenue | 6024.17 | 6,850.87 | 4,300.43 | 20,217.85 |
| Cost Of Material Consumed | 377,294 | 437,549 | 231,508 | 11,461.76 |
| Changes In Inventoris Of Finished Goods | (377.08) | (155.53) | 98.18 | (17.91) |
| Work In Progress And Stock In Trade | 33,022 | 93.19 | (126.57) | (27,182) |
| Employees Benefits Expenses | 533.11 | 589.31 | 378.58 | 1,985.22 |
| Finance Costs | 88.27 | 85.64 | 7,917 | 313.48 |
| Depreciation And Amortisation Expenses | 107.15 | 265.59 | 242.15 | 1,019.79 |
| Manufacturing Expenses | 795.28 | 748.93 | 557.69 | 2,526.59 |
| Office And Administrative Expenses | 397.47 | 307.85 | 309.10 | 1,327.47 |
| Selling And Distribution Expenses | 155.34 | 21,678 | 116.06 | 631.96 |
| Total Expenses | 5,802.44 | 6,526.95 | 3,969.44 | 18,916.24 |
| Tax | 22,173 | 323.92 | 339.99 | 1,301.60 |
| Csr Expenses | 5.02 | 349 | 352 | 13.96 |
| Profit Before Tax | 216.71 | 320.43 | 336.47 | 1,287.65 |
IPO Proceeds Utilization Update
A certificate verified the utilization of proceeds raised through the Initial Public Offer (IPO) up to June 30, 2026. The company received a Gross Proceeds amount of 3,027.84 Lakhs. After deducting Issue related expenses amounting to 429.47 Lakhs, the Net Proceeds of the Fresh Issue stood at 2,598.37 Lakhs.The allocation and utilization status of these funds are detailed in the table below:
Table 3: IPO Proceed Allocation and Utilization (as of June 30, 2026)
| Objects of the Issue | Allocated Amount (in Lakhs) | Amount Utilised till June '26 (Lakhs) | Amount Unutilised till June '26 (Lakhs) |
|---|---|---|---|
| Gross Proceeds from the Fresh Issue | 3,027.84 | 429.47 | 0 |
| Capital Expenditure towards purchase of Plant & Machinery, Infrastructure Development and Other Auxiliary Equipments | 1,239.85 | 801.75 | 438.10 |
| Funding the Working Capital Requirements of the Company | 1,000.00 | 1,000.00 | - |
| General Corporate Purpose | 358.53 | 358.53 | - |
| Total | 2,598.37 | 2,160.28 | 438.10 |
The unutilized IPO proceeds of Rs. 438.10 Lakhs have been temporarily invested in Fixed Deposits with HDFC Bank pending further deployment according to the Prospectus objects.
SELLOWRAP Stock Price Movement
Today, Sellowrap Industries Limited stock concluded trading at ₹65.50 after a session that registered zero percentage change. The share price remained stable, matching its previous close and indicating a steady day for the equity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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