Date: 01-06-2026

Financial Performance Summary

Consolidated Financial Highlights (FY26 vs FY25):

| Metric | FY26 (₹ crore) | FY25 (₹ crore) | Change |

| Total Revenue | 301.67 | 300.91 | UP by 0.25% |

| EBITDA | 42.41 | 32.87 | UP by 29.04% |

| EBITDA Margin (%) | 14.06% | 10.92% | UP by 314 BPS |

| Net Profit | 13.35 | 10.16 | UP by 31.40% |

| Net Profit Margin (%) | 4.43% | 3.38% | UP by 105 BPS |

| Diluted EPS (₹) | 5.96 | 8.21 | Down by 27.41% |

Operational Highlights

Capacity Enhancement: Successfully installed 14,592 additional spindles, bringing total operational capacity to 50,832 spindles.

Sustainability Initiative: Expanded solar power capacity from 2,500 KW to 3,131 KW, reinforcing commitment to green manufacturing.

Industry Context and Government Policies

Cotton Import Duty Exemption: The government has exempted customs duty on cotton imports for five months (June 1, 2026 to October 31, 2026) to support the textile industry, reducing costs and boosting competitiveness.

EU-India Free Trade Agreement: The agreement provides for immediate duty elimination and phased concessions for Indian textiles and apparel entering the European Union, completely eliminating previous tariffs that ranged between 8 and 12%. This covers all major sectors of India's textile exports including readymade garments, home textiles, made fibre apparel, technical textiles, handicrafts, carpets and silk products.

  • India will eliminate or reduce tariffs on 96.6% of EU exports by 2032
  • EU will reduce or eliminate tariffs on 99.5% of Indian goods by value
  • Expected to save an estimated €4 billion annually in duties
  • Provides access to EU's $263.5 billion textile and apparel import market
  • India's current textile and apparel export to EU is $7.2 billion

National Textile Targets: Union Finance Minister Nirmala Sitharaman outlined ambitious targets of USD 100 billion in textile exports and USD 250 billion in textile production by 2030. The sector currently contributes 2.3% to GDP and accounts for nearly 12% of export earnings, supporting nearly six crore livelihoods. Textile exports touched approximately USD 33.5 billion in 2025-26.

Seven PM MITRA textile parks are being developed across the country, with investment MoUs worth over ₹27,000 crore already signed.

Management Commentary

Mr. Deepak Garg, Managing Director, commented: "We are pleased to report a robust performance for FY26, in spite of Tariff war, Geopolitical tensions we managed to report Total Revenue of ₹301.67 crore surpassing the FY25 Total Revenue. EBITDA surged by an impressive 29.04% YoY to ₹42.41 crore, with margins expanding by 314 basis points to 14.06%, reflecting our continued focus on operational efficiency. Net profit also showed strong growth, rising by 31.40% to ₹13.35 crore, demonstrating the resilience of our business and the value we are creating for our stakeholders."

Forward Guidance

The company expects to achieve Total Revenue of around ₹350-400 crore and EBITDA of ₹50-60 crore for FY 2026-27.

Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated.