Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results
Audit Opinion:
Clean/Unmodified opinion - No qualifications or modifications noted in the limited review report.
Key Financial Highlights [in ₹ Crores]
Standalone Results:
Revenue from Operations: ₹212.84 (Q1 FY27) vs ₹204.72 (Q1 FY26) - 4.0% YoY increase
Total Income: ₹219.49 (Q1 FY27) vs ₹209.45 (Q1 FY26)
EBITDA: Not specifically disclosed
Net Profit: ₹8.77 (Q1 FY27) vs ₹12.76 (Q1 FY26) - 31.3% YoY decline
EPS: ₹3.61 (Basic and Diluted) vs ₹5.25 (Q1 FY26)
Other Equity: ₹367.02 (as of March 31, 2026)
Cash and Cash Equivalents: Not disclosed
Debt: Not specifically disclosed
Consolidated Results:
Revenue from Operations: ₹229.39 (Q1 FY27) vs ₹211.97 (Q1 FY26) - 8.2% YoY increase
Total Income: ₹235.10 (Q1 FY27) vs ₹215.85 (Q1 FY26)
EBITDA: Not specifically disclosed
Net Profit: ₹9.64 (Q1 FY27) vs ₹12.77 (Q1 FY26) - 24.5% YoY decline
EPS: ₹3.96 (Basic and Diluted) vs ₹5.25 (Q1 FY26)
Other Equity: ₹375.91 (as of March 31, 2026)
Cash and Cash Equivalents: Not disclosed
Debt: Not specifically disclosed
Segment-wise Performance:
The company operates in only one reportable segment: manufacturing of home textiles products (bathmats, rugs, blankets, throws, cushions, etc.)
Corporate Actions:
- Recommended re-appointment of Mr. Sanjay Anand (DIN: 01367853) as director at ensuing AGM
- Noted conclusion of 2nd tenure of Mr. Vinit Rathod, Independent Director, effective August 11, 2026
- Approved appointment of Mr. Mohit D. Solanki (DIN: 11878759) as Additional Director (Independent) effective August 17, 2026
- Recommended increase in borrowing limits under Section 180(1)(c) of Companies Act, 2013 to ₹1,000 Crores
- Recommended increase in limit for creation of mortgage/charges under Section 180(1)(a) to ₹1,000 Crores
- Granted 3,31,154 stock options under Faze Three Employee Stock Option Scheme 2024
Other Significant Information:
- The company includes Faze Three Employee Trust in its standalone financial results
- Subsidiaries included in consolidation: Faze Three US LLC (Wholly Owned Subsidiary), Mats and More Private Limited (Wholly Owned Subsidiary)
- One subsidiary (not specified) showed revenues of ₹7.49 Crores and net loss of ₹(2.10) Crores for the quarter
- No exceptional items reported during the quarter