Financial Performance (Quarter ended 30th June, 2026)

  • Revenue from Operations: ₹44.38 crore
  • Other Income: ₹10 lakhs (includes profit/loss on fair valuation of investments of ₹Nil)
  • Total Income: ₹44.48 crore
  • Total Expenses: ₹45.43 crore
  • Cost of Materials Consumed: ₹30.69 crore (includes ₹4 crore GST input tax credit write-off)
  • Changes in Inventories: (₹1.29) crore
  • Employee Benefits Expense: ₹4.40 crore
  • Finance Costs: ₹1.01 crore (includes interest on compound financial instruments of ₹69 lakhs)
  • Depreciation: ₹99 lakhs
  • Other Expenses: ₹9.63 crore
  • Profit/(Loss) before exceptional items and tax: (₹95) lakhs
  • Exceptional Items: ₹Nil
  • Tax Expense: (₹6) lakhs (Deferred Tax)
  • Profit/(Loss) after tax: (₹89) lakhs
  • Other Comprehensive Income: (₹5) lakhs net
  • Total Comprehensive Income: (₹94) lakhs
  • Earnings per share (Basic & Diluted): (₹0.51) per equity share of face value ₹10 each
  • Paid-up equity share capital: ₹17.55 crore

Comparative Financials

Vs. Previous Quarter (Q4 FY26 - Audited):

  • Revenue increased from ₹37.91 crore to ₹44.38 crore
  • Net loss improved from (₹4.91) crore to (₹89) lakhs
  • EPS improved from (₹2.80) to (₹0.51)

Vs. Corresponding Quarter (Q1 FY26 - Unaudited):

  • Revenue increased from ₹38.58 crore to ₹44.38 crore
  • Net loss improved from (₹2.02) crore to (₹89) lakhs
  • EPS improved from (₹1.15) to (₹0.51)

Key Notes and Additional Information

1. GST Input Tax Credit Write-off: The company wrote off ₹4 crore of GST input tax credit during the quarter due to uncertainty about future utilization under the inverted GST duty rate structure. This amount has been included in Cost of Materials Consumed.

2. Proposed Sale of Nagpur Unit: The Board of Directors approved the execution of a Memorandum of Understanding with GTN Engineering (India) Limited for the proposed sale of the company's Nagpur Unit as a going concern on a slump sale basis. The consideration is ₹41 crore plus net current assets of approximately ₹30 crore (exact amount to be determined based on net current assets as of 30th September 2026). The transaction is subject to shareholders' approval under Section 180(1)(a) of the Companies Act, 2013, execution of definitive Business Transfer Agreement, and other applicable conditions precedent.

3. Segment Information: The company operates primarily in the textile products business, recognized as a single business segment, hence segment-wise disclosure is not provided.

4. Auditor's Review: Lodha & Co LLP conducted a limited review and found no material misstatements in the financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

5. Previous Period Figures: The figures for the quarter ended 31st March, 2026, are balancing figures between audited annual figures and previously published unaudited quarterly figures.