Financial Results - Standalone (₹ in Lakhs)

Quarterly Performance Comparison

  • Revenue from operations: Q1 FY27: 21,650.93 vs Q1 FY26: 21,739.27 (comparatively stable)
  • Other income: Q1 FY27: 159.05 vs Q1 FY26: 143.68
  • Total income: Q1 FY27: 21,809.98 vs Q1 FY26: 21,882.95

Expense Breakdown

  • Cost of materials consumed: 14,585.52
  • Employee benefits expense: 2,318.24
  • Finance costs: 1,031.16
  • Depreciation and amortization: 760.92
  • Other expenses: 2,966.74
  • Total expenses: 21,563.95

Profitability Metrics

  • Profit before tax: 246.03 (vs 724.30 in Q1 FY26)
  • Tax expenses: Deferred tax savings of (1,135.57)
  • Profit from continuing operations: 1,381.60
  • Profit from discontinued operations: - (nil)
  • Total profit for the period: 1,381.60 (vs 502.77 in Q1 FY26)

Earnings Per Share (Face value ₹5)

  • Basic EPS (continuing): ₹1.73
  • Diluted EPS (continuing): ₹1.73
  • Basic EPS (total): ₹1.73
  • Diluted EPS (total): ₹1.73

Comprehensive Income

  • Other comprehensive income: 38.11
  • Total comprehensive income: 1,419.72

Financial Results - Consolidated (₹ in Lakhs)

Consolidated Performance

  • Revenue from operations: 21,650.93
  • Other income: 146.67
  • Total income: 21,797.60
  • Total expenses: 21,563.75
  • Profit before tax: 233.85
  • Profit for the period: 1,369.42
  • Total comprehensive income: 1,407.53

Consolidated EPS (Face value ₹5)

  • Basic EPS (continuing): ₹1.71
  • Diluted EPS (continuing): ₹1.71
  • Basic EPS (total): ₹1.71
  • Diluted EPS (total): ₹1.71

Key Operational Highlights

Business Segment

The company is primarily engaged in manufacturing of Textile and related products, which constitutes the only significant business segment as per Ind AS 108.

Discontinued Operations

  • Garment unit at Palladam was sold during the year ended March 31, 2026
  • Land at SIPCOT, Perundurai continues to be classified as assets held for sale/discontinued operations
  • No income/expense from discontinued operations in Q1 FY27

Capital Structure Events

  • Convertible Equity Warrants: Company issued warrants in two tranches:
  • Tranche I: 42,25,806 warrants at ₹62, allotted November 4, 2024
  • Tranche II: 41,66,660 warrants at ₹36, allotted August 22, 2025
  • Forfeiture: During Q1 FY27, Tranche I conversion option was forfeited due to non-payment of balance subscription on May 4, 2026
  • Amount forfeited: ₹655 lakhs transferred to capital reserve
  • Total upfront subscription: ₹1,030 lakhs (Tranche I: ₹655 lakhs; Tranche II: ₹375 lakhs) classified as "Money Received Against Share Warrants"

Tax Regime Change

The company has proposed to adopt new tax regime under section 200 of the Income Tax Act, 2025 (corresponding to section 115BAA of Income Tax Act, 1961). Deferred tax has been computed for Q1 FY26 as per new tax regime, and opening deferred tax liability has been recomputed accordingly.

Governance and Approval

  • Board meeting: Held on August 10, 2026, commenced at 1:25 PM and concluded at 3:15 PM
  • Review: Financial results reviewed by Audit Committee and approved by Board of Directors
  • Auditor review: Statutory Auditors M/s P N Raghavendra Rao & Co. provided unmodified limited review report

Subsidiary Information

The consolidated results include the standalone results of the parent company and its subsidiary, Bannari Infotech Private Limited.