Financial Results Summary

Standalone Financials (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹1,145.30 crore
  • Other income: ₹10.01 crore
  • Total income: ₹1,155.31 crore
  • Total expenses: ₹1,089.44 crore
  • Profit before tax: ₹65.87 crore
  • Tax expense: ₹16.73 crore (Current tax: ₹15.91 crore, Deferred tax: ₹0.82 crore)
  • Net profit after tax: ₹49.14 crore
  • Other comprehensive income: ₹0.02 crore
  • Total comprehensive income: ₹49.16 crore
  • Basic and diluted EPS: ₹1.11
  • Paid-up equity share capital: ₹44.41 crore (face value ₹1 each)

Consolidated Financials (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹1,145.30 crore
  • Other income: ₹9.86 crore
  • Total income: ₹1,155.16 crore
  • Total expenses: ₹1,089.91 crore
  • Profit before tax: ₹65.25 crore
  • Tax expense: ₹16.73 crore (Current tax: ₹15.91 crore, Deferred tax: ₹0.82 crore)
  • Net profit after tax: ₹48.52 crore
  • Other comprehensive income: ₹0.02 crore
  • Total comprehensive income: ₹48.54 crore
  • Basic and diluted EPS: ₹1.09
  • Paid-up equity share capital: ₹44.41 crore (face value ₹1 each)

Comparative Performance

Quarter-over-Quarter (Q1FY27 vs Q4FY26)

  • Revenue increased 16.22% from ₹985.49 crore to ₹1,145.30 crore
  • EBITDA decreased 9.65% from ₹86.24 crore to ₹77.92 crore
  • EBITDA margin decreased from 8.75% to 6.80% (195 bps decline)
  • PAT increased 22.06% from ₹40.25 crore to ₹49.14 crore
  • Production decreased 13.39% from 97,079 MT to 84,076 MT
  • Sales increased 0.15% from 89,841 MT to 89,972 MT

Year-over-Year (Q1FY27 vs Q1FY26)

  • Revenue increased 9.14% from ₹1,049.40 crore to ₹1,145.30 crore
  • EBITDA increased 0.19% from ₹77.76 crore to ₹77.92 crore
  • EBITDA margin decreased from 7.41% to 6.80% (61 bps decline)
  • PAT increased 20.62% from ₹40.74 crore to ₹49.14 crore
  • Production decreased 11.50% from 94,996 MT to 84,076 MT
  • Sales decreased 7.50% from 97,263 MT to 89,972 MT

Strategic and Operational Updates

Project Execution

  • Textile-to-textile recycling project (26,750 TPA, ₹300 crore investment) commissioning delayed from September 2026 to October 2026 due to heavy rainfall and labor shortages
  • PFY brownfield expansion (55,000 TPA, ₹235 crore investment) progressing on schedule with September 2026 commissioning target
  • Renewable energy transition target to increase renewable power share from ~26% to ~55%, with November 2026 commissioning target

Subsidiary Investment

  • Additional investment of ₹10.00 crore made in wholly owned subsidiary Ecosis Limited (formerly Texfil Private Limited) via rights issue
  • Total cumulative investment in Ecosis Limited now stands at ₹64.98 crore

Brand Partnerships

  • Signed MoUs with American & Efird Global, LLC and Decathlon for trials of recycled polyester yarn
  • Several other global brand approvals at advanced stage

Industry and Regulatory Context

  • Geopolitical tensions in West Asia led to increased crude oil-linked raw material (PTA and MEG) prices between March-May 2026
  • Higher freight, insurance and MEG import costs led to cautious buying and lower industry operating rates
  • Removal of customs duties on PTA and MEG effective April 2, 2026 for three-month period provided cost relief until July 15, 2026
  • Conditions improved from June 2026 as cost pressures and supply chain disruptions eased
  • Planned domestic PTA capacity additions expected to reduce India's import dependence
  • India-EU FTA progress and US tariff reduction on Indian textile exports support long-term export competitiveness

Management Commentary

Mr. Madhu Sudhan Bhageria, Chairman & Managing Director, stated: "The Company delivered a strong performance in Q1FY27, with revenue of ₹1145.3 Cr, up 16% QoQ, driven by stable volumes, disciplined execution, and continued focus on our core operations. Margins remained resilient with PAT at 49 Cr, up by 22% QoQ despite a volatile environment."

Accounting and Presentation Notes

  • Financial results reviewed by Audit Committee and approved by Board of Directors on July 30, 2026
  • Results underwent limited review by statutory auditors Arun K Gupta & Associates who issued unmodified reports
  • Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Company operates in one reportable segment: manufacturing and trading of polyester goods
  • Presentation currency changed from "Rs. In Lakhs" to "Rs. In Crores" effective Q1 FY26
  • Previous period figures regrouped/re-presented for comparability
  • Quarter ended March 31, 2026 figures are balancing figures between audited full year and published year-to-date figures

Meeting Details

Board meeting commenced at 4:30 PM and concluded at 5:15 PM on July 30, 2026