Date: 02/10/2026
Financial Results (Standalone & Consolidated)
FY 2025-26 Performance:
- Revenue from operations: ₹780.95 crore (vs. ₹702.07 crore in FY 2024-25), representing 11% growth
- Profit after tax: ₹71.56 crore (vs. ₹65.74 crore in FY 2024-25), representing 8.85% growth
- Earnings per share: Increased from ₹114.83 to ₹125.00
- Export turnover: ₹545.5 crore, accounting for 72.9% of total turnover
- Net cash from operating activities: ₹228.25 crore
Q1 FY 2026-27 Performance:
- Revenue from operations: ₹257.92 crore (vs. ₹191.98 crore in Q1 FY 2025-26)
- Profit after tax: ₹25.70 crore (vs. ₹15.92 crore in corresponding quarter)
- EPS: Increased from ₹27.81 to ₹44.89
Dividend Declaration or Non-Declaration
- Final dividend recommended: ₹37 per equity share of ₹10 face value for FY 2025-26
- Total payout: ₹21.18 crore
- Payout ratio: Approximately 29.60%
- Subject to approval of Members
Capacity Expansion and Modernisation
FY 2025-26 Investments:
- Total investment: ₹69.96 crore (entirely from internal accruals)
- Installed spindle capacity increased from 108,288 spindles to 114,336 spindles
- Additional 6,480 spindles commissioned on 26-09-2026, bringing total to 120,816 spindles
Future Plans:
- Unit 4 modernisation planned with investment of ₹135-138 crore
- Replacement of approximately 43,000 existing spindles with 45,000 new-generation spindles
- Targeted operational date: March 2027
- Funding: Entirely through internal accruals
- Objectives: Higher productivity, greater automation, improved process control, better product consistency, lower manpower requirements
Sustainability Initiatives
- Installed wind power capacity: 27.4 MW
- Rooftop solar capacity: 8.33 MW (primarily for captive consumption)
- Renewable energy meets 82-84% of total energy requirement
- Estimated CO₂ emissions avoided through renewable energy usage: 41,011 tonnes in FY 2025-26
- Evaluating opportunities in Battery Energy Storage Systems subject to technical feasibility, investment economics, operating requirements and regulatory environment
Business Strategy and Philosophy
- Core principle: Build and sustain strong balance sheet with solvency as prime motive
- Company remains debt-free
- Focus on differentiated products rather than selling spindle capacity
- Emphasis on quality, consistency, sustainability, traceability and reliability
- Customer relationships: Leading international brands and marquee clients, approximately half with relationships extending beyond 15 years
- Traceability systems enable tracing finished yarn back to individual bale, ginner and originating farm
- Inventory management maintained to ensure uninterrupted production and mitigate supply-chain disruptions
Governance and Acknowledgments
- Commitment to sound corporate governance, regulatory compliance, transparency and responsible stewardship
- Acknowledgement of employees, customers, suppliers, bankers, auditors, advisors and business partners
- Emphasis on long-term thinking, patience and discipline as core principles