Financial Results Overview
Standalone Performance (Quarter Ended 30.09.2026)
- Revenue from operations: ₹26,369.37 lakhs (₹263.69 Cr)
- Other income: ₹35.56 lakhs
- Total income: ₹26,404.93 lakhs
- Profit before tax: ₹956.13 lakhs
- Tax expense: ₹242.03 lakhs (all deferred tax)
- Profit for the period: ₹714.10 lakhs (₹7.14 Cr)
- Earnings per share (basic/diluted): ₹0.89
Standalone Performance (Half Year Ended 30.09.2026)
- Revenue from operations: ₹48,020.30 lakhs (₹480.20 Cr)
- Other income: ₹194.61 lakhs
- Total income: ₹48,214.91 lakhs
- Profit before tax: ₹1,202.16 lakhs
- Tax savings: ₹(893.54) lakhs
- Profit for the period: ₹2,095.70 lakhs (₹20.96 Cr)
- Earnings per share (basic/diluted): ₹2.62
Comparative Performance
Q2 FY27 vs Q2 FY26:
- Revenue increased 15.5% from ₹22,832.32 lakhs to ₹26,369.37 lakhs
- Profit decreased 26.9% from ₹602.09 lakhs to ₹714.10 lakhs (including discontinued operations)
H1 FY27 vs H1 FY26:
- Revenue increased 7.7% from ₹44,571.59 lakhs to ₹48,020.30 lakhs
- Profit increased 89.7% from ₹1,104.86 lakhs to ₹2,095.70 lakhs
Balance Sheet Position (Standalone as at 30.09.2026)
- Total assets: ₹1,02,435.19 lakhs (vs ₹99,439.39 lakhs as at 31.03.2026)
- Equity share capital: ₹3,996.07 lakhs (unchanged)
- Other equity: ₹46,265.76 lakhs (vs ₹44,332.07 lakhs)
- Total equity: ₹50,261.83 lakhs
- Non-current borrowings: ₹15,267.94 lakhs (vs ₹8,644.36 lakhs)
- Current borrowings: ₹23,891.84 lakhs (vs ₹30,942.93 lakhs)
- Inventories: ₹23,540.78 lakhs (vs ₹19,481.03 lakhs)
Cash Flow Statement (Standalone H1 FY27)
- Cash flow from operating activities: ₹4,047.61 lakhs
- Cash flow used in investing activities: ₹(1,266.82) lakhs
- Cash flow used in financing activities: ₹(2,818.27) lakhs
- Net decrease in cash: ₹(37.48) lakhs
- Cash and cash equivalents at end: ₹243.49 lakhs
Key Operational Highlights
Segment Information
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
The Garment unit at Palladam was sold during FY26. Land at SIPCOT, Perundurai continues to be classified as assets held for sale (₹211.74 lakhs). No discontinued operations in current quarter.
Capital Structure Events
The company issued Convertible Equity Warrants in two tranches:
- Tranche I: 42,25,806 warrants at ₹62, allotted 04 November 2024
- Tranche II: 41,66,660 warrants at ₹36, allotted 22 August 2025
Tranche I conversion option was forfeited due to non-payment of balance subscription on 04 May 2026. Forfeited application money of ₹655 lakhs transferred to capital reserve as at 30.09.2026.
Tax Regime Change
The company has proposed to adopt new tax regime under section 200 of Income Tax Act, 2025. Deferred tax computed for H1 FY27 as per new regime, with opening deferred tax liability recomputed accordingly.
Consolidated Results
Includes results of parent company and subsidiary Bannari Infotech Private Limited:
- Q2 FY27 revenue: ₹26,392.56 lakhs
- Q2 FY27 profit: ₹700.96 lakhs
- H1 FY27 revenue: ₹48,190.16 lakhs
- H1 FY27 profit: ₹2,070.39 lakhs
- EPS for H1 FY27: ₹2.59
Auditor's Review
Statutory auditors M/s P N Raghavendra Rao & Co. conducted limited review and issued unmodified report dated 11th November 2026, stating nothing has come to their attention causing belief that the financial results contain material misstatement.
Board Meeting Details
Board meeting commenced at 4:30 PM and concluded at 6:00 PM on 11.11.2026.