Financial Performance Summary
Quarterly Performance (Q2 FY27)
- Revenue from operations: ₹17.20 crore
- Other income: ₹0.02 crore
- Total income: ₹17.22 crore
- Total expenses: ₹17.70 crore
- Loss before exceptional items and tax: ₹(0.48) crore
- Exceptional items: ₹0.03 crore (profit on sale of old machinery)
- Loss before tax: ₹(0.45) crore
- Net loss for the quarter: ₹(0.43) crore
- Basic and diluted EPS: ₹(0.78) per share (after exceptional items)
Half-Year Performance (H1 FY27)
- Revenue from operations: ₹29.04 crore
- Other income: ₹0.03 crore
- Total income: ₹29.07 crore
- Total expenses: ₹29.79 crore
- Loss before exceptional items and tax: ₹(0.72) crore
- Exceptional items: ₹0.10 crore
- Loss before tax: ₹(0.62) crore
- Net loss for half year: ₹(0.62) crore
- Basic and diluted EPS: ₹(1.08) per share (after exceptional items)
Comparative Performance
Quarterly Comparison (Q2 FY27 vs Q2 FY26)
- Revenue increased from ₹4.26 crore to ₹17.20 crore
- Net loss improved from ₹(7.4) lakh to ₹(4.3) lakh
Half-Year Comparison (H1 FY27 vs H1 FY26)
- Revenue increased from ₹11.27 crore to ₹29.04 crore
- Net loss improved from ₹(13.6) lakh to ₹(6.2) lakh
Balance Sheet Position (as at 30.09.2026)
- Total assets: ₹42.14 crore
- Property, plant and equipment: ₹20.06 crore
- Capital work in progress: ₹4.47 crore
- Inventories: ₹6.58 crore
- Trade receivables: ₹1.16 crore
- Cash and cash equivalents: ₹0.36 crore
- Equity share capital: ₹5.79 crore
- Other equity: ₹(24.26) crore
- Total borrowings: ₹44.03 crore (increased from ₹41.23 crore as at 31.03.2026)
- Trade payables: ₹3.63 crore
- Other current liabilities: ₹12.32 crore
Cash Flow Statement (Half Year Ended 30.09.2026)
- Net cash used in operating activities: ₹(2.15) crore
- Net cash from investing activities: ₹0.09 crore
- Net cash from financing activities: ₹2.80 crore (proceeds from borrowings)
- Net decrease in cash and cash equivalents: ₹(0.34) crore
- Cash and cash equivalents at beginning: ₹0.70 crore
- Cash and cash equivalents at end: ₹0.36 crore
Exceptional Items
- Q2 FY27: ₹3.00 lakh profit on sale of old machinery
- Q1 FY27: ₹7.00 lakh surcharge and interest waiver on power charges for period October 2016 to March 2024
Segment Information
The company is primarily engaged in manufacturing of Cotton Yarn which is the only reportable segment as per Ind AS 108 Operating Segments.
Related Party Transactions (Half Year Ended 30.09.2026)
Key Management Personnel
- Vanka Raja Kumari - Director
- Vanka Ravali - Director
- Vikash Kumar Thakur - Company Secretary
- Atmakuri Rama Guravaiah - CFO
Significant Transactions with Related Parties
- Job work charges received from Ravali Spinners Pvt Ltd: ₹0.67 lakh
- Purchase of goods from SVR Spinning Mills Pvt Ltd: ₹0.54 lakh
- Sale of goods to Ravali Spinners Pvt Ltd: ₹26.29 lakh
- Loans received from Indian Hair Industries Pvt Ltd: ₹346.90 lakh
- Loans repaid to Indian Hair Industries Pvt Ltd: ₹1596.92 lakh
Outstanding Balances with Related Parties
- Due to Ravali Spinners Pvt Ltd: ₹673.50 lakh
- Due to RK Hair Products Pvt Ltd: ₹1256.34 lakh
- Due to Indian Hair Industries Pvt Ltd: ₹2429.00 lakh
- Due to SVR Spinning Mills (P) Ltd: ₹343.54 lakh
Shareholding Pattern
Equity Share Capital (₹10/- each)
- Vanka Ravindra Nath: 74,760 shares
- Vanka Raja Kumari: 73,320 shares
- Vanka Raghuveer: 73,320 shares
- Vanka Ravali: 73,320 shares
Preference Share Capital
- Vanka Ravindra Nath: ₹1.25 lakh
- Vanka Raja Kumari: ₹1.25 lakh
- Vanka Raghuveer: ₹1.25 lakh
- Vanka Ravali: ₹1.25 lakh
Auditor's Review
Brahmayya & Co., Chartered Accountants conducted limited review and concluded that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.