Deepak Spinners Limited disclosed its unaudited standalone financial results for the quarter ended June 30, 2026, pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board of Directors meeting was held on August 6, 2026, commencing at 4:40 PM and concluding at 5:45 PM. The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on August 6, 2026.
Financial Performance (Quarter Ended June 30, 2026)
Income:
- Revenue from operations: ₹13,682 lakh (compared to ₹13,877 lakh in Q1 FY26 and ₹12,076 lakh in Q4 FY26)
- Other income: ₹261 lakh (compared to ₹59 lakh in Q1 FY26 and ₹148 lakh in Q4 FY26)
- Total income: ₹13,943 lakh
Expenses:
- Cost of materials consumed: ₹8,726 lakh
- Changes in inventories: (₹216) lakh (negative indicates decrease)
- Employees benefit expenses: ₹1,869 lakh
- Finance costs: ₹63 lakh
- Depreciation & amortization: ₹414 lakh
- Other expenses: ₹2,672 lakh
- Total expenses: ₹13,528 lakh
Profitability:
- Profit before exceptional items and tax: ₹415 lakh (compared to loss of ₹482 lakh in Q1 FY26)
- Exceptional items: None
- Profit before tax: ₹415 lakh
- Tax expenses: ₹106 lakh (₹105 lakh deferred tax + ₹1 lakh income tax related to earlier year)
- Profit after tax: ₹309 lakh (compared to loss of ₹361 lakh in Q1 FY26)
- Other comprehensive income: Not applicable (shown as dash)
- Total comprehensive income: ₹309 lakh
Capital Structure:
- Paid up equity share capital: ₹719 lakh (face value ₹10 each)
- Other equity: Not specified for current quarter
- Earnings per share (basic and diluted): ₹4.30 (not annualized)
Significant Development
Pursuant to an order dated April 28, 2026 from the Vidyut Upbhokta Shikayat Nivaran Forum, Bhopal, the company's Discom (MPMKVVCL) determined an incremental consumption rebate entitlement of ₹945.13 lakh, payable in installments and subject to base-year clarification awaited from MPERC.
Of this amount:
- ₹105.01 lakh credited by the Discom during the quarter has been recognized as other income
- ₹840.12 lakh balance has not been recognized as it is considered probable but not virtually certain of realization based on past experience
- The unrecognized amount will be accounted for when credited or when realization becomes virtually certain
Auditor Review
The financial results were reviewed by Salarpuria & Partners, Chartered Accountants (Firm ICAI Registration No. 302113E), who issued an unqualified review report stating that nothing has come to their attention that causes them to believe the statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.
Segment Information
The company operates within a single primary business segment of 'Yarn' manufacturing, with no other reportable segments as per Ind AS 108 'Operating Segments'.