Financial Performance Overview

Profit & Loss Statement (₹ in Crore)

  • Q2 FY27 Total Income: ₹193.43 crore, up 4.9% YoY from ₹184.37 crore in Q2 FY26.
  • H1 FY27 Total Income: ₹363.27 crore, up 6.0% YoY from ₹342.76 crore in H1 FY26.
  • Q2 FY27 EBITDA: ₹16.66 crore, up 21.3% YoY; EBITDA margin at 8.6%, up 117 bps YoY.
  • H1 FY27 EBITDA: ₹31.08 crore, up 17.9% YoY; EBITDA margin at 8.6%, up 86 bps YoY.
  • Q2 FY27 PAT: ₹3.12 crore, up 81.1% YoY; PAT margin at 1.6%, up 68 bps YoY.
  • H1 FY27 PAT: ₹4.84 crore, up 2.2x YoY from ₹2.19 crore; PAT margin at 1.3%, up 69 bps YoY.
  • Finance Cost: ₹16.08 crore for H1 FY27, compared to ₹15.30 crore in H1 FY26.

Balance Sheet Statement (as of H1 FY27, ₹ in Crore)

  • Total Assets: ₹671.17 crore (FY26: ₹640.11 crore).
  • Non-Current Assets: ₹247.37 crore, including Property, Plant & Equipment of ₹237.66 crore.
  • Current Assets: ₹423.80 crore, including Inventories of ₹230.26 crore and Trade Receivables of ₹171.97 crore.
  • Equity: ₹124.14 crore, comprising Equity Share Capital of ₹10.29 crore and Other Equity of ₹113.85 crore.
  • Non-Current Liabilities: ₹184.71 crore, including Long Term Borrowings of ₹170.39 crore.
  • Current Liabilities: ₹362.32 crore, including Borrowings of ₹281.38 crore.

Operational and Strategic Highlights

  • Manufacturing Capacity: The company operates 177 looms for fabrics, 10,124 spindles for worsted yarn, 20,544 spindles for synthetic yarn, 400 positions for vortex yarn, and fabric processing capacity of 336 lac meters.
  • Export Presence: Exports to 60+ countries, including Europe, USA, Australia, South Korea, Taiwan, Bangladesh, Brazil, Africa, and Latin America. Supplier to IKEA.
  • Sustainability Initiatives: 9.1 MW solar power installed, fulfilling ~18% of total power consumption. Zero Liquid Discharge certified since 2015. 60% recycled fiber consumption in FY26.
  • Growth Drivers: Focus on export diversification under India-UK and India-EU FTAs, operational efficiency, product premiumisation, and renewable energy investments.

Management Commentary

Managing Director Nivedan Churiwal stated that H1 FY27 was a period of building a resilient organization with a focus on strengthening business capabilities, product quality, and adapting to industry requirements. The company aims to improve long-term resource efficiency through sustainable practices, including proposed renewable energy investments.

Corporate Governance

Robust internal control mechanisms with quarterly audit committee reviews. Governance framework built on integrity, transparency, and accountability.

Historical Financial Performance (₹ in Crore)

  • FY26 Revenue: ₹657.73 crore
  • FY26 EBITDA: ₹49.83 crore (7.58% margin)
  • FY26 PAT: ₹2.38 crore (0.4% margin)
  • Net Debt: ₹439 crore in FY26 with Net Debt to Equity of 3.7x