Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR
Audit Opinion:
The unaudited standalone and consolidated financial results were reviewed by the statutory auditors, S.R. Dinodia & Co. LLP. The review reports state that nothing has come to their attention that causes them to believe the statements contain any material misstatement. The reports are clean and unmodified.
Key Financial Highlights [₹ lakh]:
Standalone Results for Q1 FY27:
Revenue from Operations: ₹1,41,668.10
Total Income: ₹1,53,897.45
Net Profit: ₹9,923.43
EPS: ₹21.77 (Basic) and ₹21.70 (Diluted)
Consolidated Results for Q1 FY27:
Revenue from Operations: ₹1,52,826.11
Total Income: Not Specified
Net Profit: ₹9,923.43 (Attributable to owners: ₹10,075.69; Non-controlling interest: ₹(127.26))
EPS: ₹21.77 (Basic) and ₹21.70 (Diluted)
YoY Comparison (Consolidated):
Net Profit for Q1 FY27 increased to ₹9,923.43 lakh from ₹9,504.77 lakh in Q4 FY26 (previous quarter) and ₹7,632.87 lakh in Q1 FY26, indicating an improvement.
Segment-wise Performance:
The Group has four primary operating segments based on geography: Hong Kong, India, Bangladesh, and Vietnam.
For the quarter ended June 30, 2026 (Consolidated):
- Hong Kong Segment Revenue: ₹1,12,041.88 lakh (44.01% of total)
- India Segment Revenue: ₹34,343.92 lakh (13.49% of total)
- Bangladesh Segment Revenue: ₹44,417.69 lakh (17.45% of total)
- Vietnam Segment Revenue: ₹40,953.98 lakh (16.09% of total)
- Others Segment Revenue: ₹22,809.68 lakh (8.96% of total)
Total Segment Revenue: ₹2,54,567.15 lakh
Less: Inter Segment Revenue: ₹1,01,741.04 lakh
Net Segment Revenue: ₹1,52,826.11 lakh
Segment Profit before Tax and Interest:
- Hong Kong: ₹2,505.66 lakh
- India: ₹1,667.27 lakh
- Bangladesh: ₹2,813.06 lakh
- Vietnam: ₹6,174.63 lakh
- Others: ₹1,433.82 lakh
Total Segment Profit: ₹14,614.44 lakh
Corporate Actions:
1. Bonus Issue: The Board recommended a 1:1 bonus issue (1 new equity share for every 1 existing share of ₹5 each), subject to shareholder approval. The record date will be fixed later. ₹23,095.27 lakh will be capitalized from General Reserve, Capital Redemption Reserve, Securities Premium, and Retained Earnings. Post-issue, the paid-up capital will be ₹4,619.05 lakh divided into 9,23,81,084 shares. The bonus shares are expected to be credited by October 4, 2026.
2. Stock Split: The proposal for sub-division of equity shares was deferred.
3. Dividend: A second interim dividend of ₹8.50 per share for FY26 was declared on May 14, 2026, and paid during Q1 FY27.
Other Significant Information:
1. Exceptional Items: Standalone results included an exceptional loss of ₹9.12 lakh (net) on sale of Property, Plant & Equipment and ₹248.45 lakh for Property Tax settlement. Consolidated results included an exceptional loss of ₹23.30 lakh (net) and ₹248.45 lakh for the same items.
2. ESOPs: Employee benefit expense of ₹16.37 lakh (standalone) and ₹27.17 lakh (consolidated) was provided for stock options. 38,100 shares were allotted during the quarter upon exercise of options.
3. Subsequent Event: 1,24,000 stock options were granted to eligible employees on August 5, 2026.
4. Acquisition: Through its step-down subsidiary, DSSP Global Limited, the company acquired an additional 0.9% stake in PT Pinnacle Apparels, increasing its holding to 99.92%.
5. Other Income: Standalone other income of ₹1,203.73 lakh includes a dividend of ₹477.88 lakh received from foreign subsidiary Pearl Global (HK) Limited.