Financial Results Overview

The Board of Directors approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting commenced at 7:45 PM and concluded at 8:50 PM.

Consolidated Financial Results (₹ lakhs)

Income:

  • Revenue from operations: ₹115,351.37 (Q1 FY27) vs ₹95,578.61 (Q1 FY26) - 20.7% YoY growth
  • Other income: ₹2,665.76 (including interest income from debentures: ₹1,304.29)
  • Total income: ₹118,017.13

Expenses:

  • Cost of materials consumed: ₹60,069.88
  • Employee benefits expense: ₹37,614.30
  • Finance costs: ₹3,051.33
  • Depreciation and amortization: ₹4,580.99
  • Other expenses: ₹12,107.29
  • Total expenses: ₹111,733.72

Profitability:

  • Profit before tax: ₹6,283.41
  • Tax expenses: ₹1,853.59 (Current tax: ₹2,375.19, Deferred tax credit: ₹521.60)
  • Net profit for the period: ₹4,429.82
  • Total comprehensive income: ₹8,170.20

Per Share Data:

  • Basic EPS: ₹6.05
  • Diluted EPS: ₹5.75
  • Paid-up equity share capital: ₹3,663.69 lakhs (face value ₹5 each)

Standalone Financial Results (₹ lakhs)

Income:

  • Revenue from operations: ₹75,166.11
  • Other income: ₹3,667.12 (including interest income from debentures: ₹1,304.29 and interest on loans to subsidiaries: ₹1,133.17)
  • Total income: ₹78,833.23

Expenses:

  • Cost of materials consumed: ₹41,849.58
  • Employee benefits expense: ₹23,825.19
  • Finance costs: ₹1,315.13
  • Depreciation and amortization: ₹2,739.43
  • Other expenses: ₹6,782.60
  • Total expenses: ₹70,046.89

Profitability:

  • Profit before tax: ₹8,786.34
  • Tax expenses: ₹1,922.72 (Current tax: ₹2,375.19, Deferred tax credit: ₹452.47)
  • Net profit for the period: ₹6,863.62
  • Total comprehensive income: ₹10,673.13

Per Share Data:

  • Basic EPS: ₹9.37
  • Diluted EPS: ₹8.91
  • Paid-up equity share capital: ₹3,663.69 lakhs (face value ₹5 each)

Key Operational Highlights

1. BRFL Textiles Private Limited (BTPL) Investment:

  • Subscribed to Optionally Convertible Debentures (OCD) with face value ₹1,000 each at 20.35% cumulative coupon rate for ₹22,500 lakhs
  • Extended corporate guarantees of ₹31,500 lakhs to banks on behalf of BTPL
  • Acquired 110,089,019 equity shares and 1,57,89,474 CCPS for ₹7,199.06 lakhs, converted to 9,62,24,645 equity shares
  • Current holding: 19% equity interest in BTPL as of June 30, 2026

2. Amalgamation Scheme:

  • Board approved scheme of amalgamation of BRFL Textiles with the company on August 9, 2025
  • NCLT Mumbai Bench directed convening of equity shareholder meeting
  • Scheme approved by members on July 31, 2026
  • Company obtaining balance requisite approvals
  • No financial impact recorded in current results

Accounting and Compliance Notes

  • Financial results prepared in accordance with Indian Accounting Standards (Ind-AS)
  • Figures for quarter ended March 31, 2026 are balancing figures between audited annual and unaudited nine-month figures
  • Results reviewed by Audit Committee and approved by Board on August 11, 2026
  • Subjected to limited review by statutory auditors MSKA & Associates LLP
  • Job work charges reclassified to Other expenses in current quarter with corresponding figures regrouped
  • Operating segment: 'manufacture and sale of apparels' as single reportable segment

Auditor's Review

  • Independent auditors conducted review under SRE 2410
  • Nothing came to attention suggesting material misstatement or non-compliance
  • Includes financial results of 13 subsidiaries
  • Three subsidiaries not subject to review with total revenue of ₹Nil, net loss of ₹3.83 lakhs, and comprehensive loss of ₹4.14 lakhs