Financial Results Approval

The Board approved the Standalone and Consolidated Un-audited Financial Results for the quarter ended June 30, 2026. The financial results were reviewed by the Audit Committee and include a Limited Review Report pursuant to Regulation 33 of SEBI Listing Regulations.

Financial Performance Highlights (Standalone)

  • Revenue from Operations: ₹21,211.24 lakh (₹212.11 crore)
  • Other Income: ₹233.81 lakh
  • Total Income: ₹21,445.05 lakh
  • Profit Before Tax: ₹1,569.37 lakh
  • Tax Expense: ₹440.44 lakh (Current tax: ₹513.21 lakh, Deferred tax: ₹(72.77) lakh)
  • Profit After Tax: ₹1,128.92 lakh (₹11.29 crore)
  • Basic/Diluted EPS: ₹2.17 (face value ₹2 per share)
  • Paid-up Equity Share Capital: ₹1,040.00 lakh

Quarterly Comparison (Standalone)

  • Q1 FY27 (Jun 30, 2026) vs Q4 FY26 (Mar 31, 2026): Revenue decreased from ₹23,897.03 lakh to ₹21,211.24 lakh; Net profit decreased from ₹515.45 lakh to ₹1,128.92 lakh
  • Q1 FY27 (Jun 30, 2026) vs Q1 FY26 (Jun 30, 2025): Revenue increased from ₹19,631.61 lakh to ₹21,211.24 lakh; Net profit increased from ₹880.98 lakh to ₹1,128.92 lakh

Consolidated Financial Performance

  • Profit After Tax: ₹1,126.23 lakh (after share of loss of associate: ₹2.69 lakh)
  • Basic/Diluted EPS: ₹2.17

Dividend Information

The dividend recommended by the Board on May 30, 2026, if approved at the ensuing Annual General Meeting, will be paid before October 30, 2026.

Notes to Financial Results

1. The company operates in a single segment: "Textiles Business" (IND AS-108 not applicable).

2. Implementation of new Labour Codes effective November 21, 2025, resulted in an increase in gratuity liability by ₹146.26 lakh for the year ended March 31, 2026, recognized in both standalone and consolidated results.

3. Figures for quarter ended March 31, 2026, are balancing figures between audited annual figures and reviewed year-to-date figures up to third quarter.

4. Corresponding figures have been regrouped/reclassified for comparability.

Auditor's Review

ML Bhuwania and Co LLP conducted limited reviews of both standalone and consolidated financial results. For consolidated results, they relied on the review report of other auditors for the associate company Neo Stretch Private Limited, which contributed a loss of ₹2.69 lakh for the quarter.

The auditors concluded that nothing came to their attention suggesting the statements contain material misstatements or fail to disclose required information under Regulation 33 of SEBI Listing Regulations.