Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations
Audit Opinion:
Limited Review Report - No material misstatement identified. The review provides moderate assurance, not an audit opinion.
Key Financial Highlights [Rupees in Lakhs]:
Standalone Results:
Revenue from Operations: ₹853.64 lakhs (compared to ₹822.53 lakhs in Q4 FY26 and ₹902.08 lakhs in Q1 FY26)
Total Income: ₹1,858.75 lakhs (compared to ₹1,056.33 lakhs in Q4 FY26 and ₹1,617.27 lakhs in Q1 FY26)
Net Profit: ₹490.59 lakhs (compared to net loss of ₹361.66 lakhs in Q4 FY26 and net profit of ₹292.54 lakhs in Q1 FY26)
EPS: ₹8.26 basic and diluted (compared to ₹(6.09) in Q4 FY26 and ₹4.92 in Q1 FY26)
Other Equity: ₹33,793.04 lakhs (as of March 31, 2026)
Consolidated Results:
Revenue from Operations: ₹977.94 lakhs (compared to ₹1,123.54 lakhs in Q4 FY26 and ₹965.35 lakhs in Q1 FY26)
Total Income: ₹1,983.57 lakhs (compared to ₹1,357.95 lakhs in Q4 FY26 and ₹1,681.18 lakhs in Q1 FY26)
Net Profit: ₹456.42 lakhs (compared to net loss of ₹338.15 lakhs in Q4 FY26 and net profit of ₹229.44 lakhs in Q1 FY26)
Profit Attributable to Equity Holders: ₹456.42 lakhs
Segment-wise Performance [Rupees in Lakhs]:
Segment Revenue:
Card Clothing: ₹992.37 lakhs
Realty: ₹991.20 lakhs
Un-allocable: ₹-
Segment Results (Profit/Loss before tax and interest):
Card Clothing: Loss of ₹312.25 lakhs
Realty: Profit of ₹911.01 lakhs
Corporate Actions:
Dividend: Not Specified
Share Split/Bonus/Buyback: Not Specified
Other Significant Information:
The Board approved further investment of £250,000 (approximately ₹250 lakhs) in Garnett Wire Ltd., UK (wholly-owned subsidiary) to expand business abroad. The transaction is considered a related party transaction as Mr. Mehul K. Trivedi, Deputy Chairman of the Company, is also a Director on Garnett Wire's Board.
Garnett Wire Ltd. financials (year ended March 31, 2026):
- Turnover: £826,760
- Net Profit: £27,497
- 3-year turnover trend: £738,701 (2023-24), £781,435 (2024-25), £826,760 (2025-26)
The Company completed sale of its commercial property at Amar Business Zone in July 2026 for ₹1,320 lakhs.
The Carding business continues to face headwinds from global geopolitical disturbances and economic slowdown affecting the Indian Textile Industry. Management expects recovery by end of FY 2026-27.
Exceptional items of ₹(88.10) lakhs in Q4 FY26 and ₹(111.29) lakhs for full year FY26 related to incremental impact of New Labour Codes, 2025.