Financial Results - Standalone (₹ in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹5,451.46 (Q2 FY27) vs ₹5,964.68 (Q2 FY26) - decrease of ₹513.22 lakhs
  • Other Income: ₹137.91 (Q2 FY27) vs ₹77.60 (Q2 FY26)
  • Total Income: ₹5,589.37 (Q2 FY27) vs ₹6,042.28 (Q2 FY26)
  • Profit Before Tax: ₹115.26 (Q2 FY27) vs ₹180.88 (Q2 FY26) - decrease of ₹65.62 lakhs
  • Net Profit After Tax: ₹87.00 (Q2 FY27) vs ₹164.94 (Q2 FY26) - decrease of ₹77.94 lakhs
  • EPS: ₹0.87 (Q2 FY27) vs ₹1.65 (Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹11,871.60 (H1 FY27) vs ₹11,623.28 (H1 FY26) - increase of ₹248.32 lakhs
  • Other Income: ₹351.80 (H1 FY27) vs ₹160.33 (H1 FY26)
  • Total Income: ₹12,223.40 (H1 FY27) vs ₹11,783.61 (H1 FY26)
  • Profit Before Tax: ₹310.38 (H1 FY27) vs ₹339.01 (H1 FY26) - decrease of ₹28.63 lakhs
  • Net Profit After Tax: ₹232.44 (H1 FY27) vs ₹279.08 (H1 FY26) - decrease of ₹46.64 lakhs
  • EPS: ₹2.32 (H1 FY27) vs ₹2.79 (H1 FY26)

Expense Breakdown (H1 FY27)

  • Cost of Materials Consumed: ₹7,601.20
  • Employee Benefits Expenses: ₹1,972.68
  • Finance Cost: ₹233.29
  • Depreciation and Amortization: ₹236.02
  • Power and Fuel: ₹374.92
  • Other Expenses: ₹2,522.38

Tax Expenses (H1 FY27)

  • Current Tax: ₹75.68
  • Deferred Tax: ₹2.26
  • Total Tax: ₹77.94

Other Comprehensive Income

  • H1 FY27: (₹78.47) - includes Mark to Market Profit on Export Forward Contracts of ₹0.42 lakhs recognized under IND AS 109

Capital Structure

  • Paid-up Equity Share Capital: ₹500.00 lakhs (Face value ₹5 each) - unchanged
  • Other Equity: ₹5,612.67 lakhs (as of September 30, 2026)
  • Networth: ₹6,112.67 lakhs (as of September 30, 2026)

Financial Results - Consolidated (₹ in Lakhs)

Quarterly Performance (Q2 FY27)

  • Total Income: ₹5,440.11
  • Profit Before Tax: ₹103.91
  • Net Profit After Tax: ₹75.65
  • Share of Profit of Associates: ₹74.60
  • Total Profit After Tax: ₹150.25
  • EPS: ₹1.50

Half-Yearly Performance (H1 FY27)

  • Total Income: ₹12,175.18
  • Profit Before Tax: ₹262.16
  • Net Profit After Tax from Continuing Operations: ₹184.22
  • Share of Profit of Associates: ₹181.29
  • Total Profit After Tax: ₹365.51
  • EPS: ₹3.66

Associate Company Contribution

  • Includes results of M/s. Lankaspin Private Limited, Sri Lanka
  • Company's share of net profit after tax: ₹189.29 lakhs for six months ended September 30, 2026
  • Total comprehensive income: ₹189.29 lakhs for six months ended September 30, 2026

Balance Sheet Position (Standalone as of September 30, 2026)

Assets (₹ in Lakhs)

  • Total Assets: ₹17,438.77
  • Non-Current Assets: ₹5,253.22
  • Property, Plant and Equipment: ₹4,900.34
  • Other Intangible Assets: ₹7.42
  • Investments: ₹275.86
  • Other Financial Assets: ₹69.18
  • Current Assets: ₹12,185.55
  • Inventories: ₹4,968.73
  • Trade Receivables: ₹4,016.28
  • Cash and Cash Equivalents: ₹105.68
  • Other Bank Balances: ₹1,996.77
  • Current Tax Assets: ₹25.69
  • Other Current Assets: ₹1,072.40

Liabilities and Equity (₹ in Lakhs)

  • Equity: ₹6,112.67
  • Share Capital: ₹500.00
  • Other Equity: ₹5,612.67
  • Non-Current Liabilities: ₹2,319.23
  • Borrowings: ₹1,657.92
  • Deferred Tax Liabilities: ₹523.82
  • Other Non-Current Liabilities: ₹137.49
  • Current Liabilities: ₹9,006.88
  • Borrowings: ₹6,852.57
  • Trade Payables: ₹1,272.06
  • Micro/Small Enterprises: ₹272.42
  • Other Creditors: ₹999.64
  • Other Current Liabilities: ₹806.58
  • Provisions: ₹75.67

Cash Flow Statement (Standalone H1 FY27)

Operating Activities

  • Cash generated from operations: (₹780.57)
  • Net cash from operating activities: (₹701.83)

Investing Activities

  • Purchase of Fixed Assets/WIP: (₹279.08)
  • Proceeds from sale of Fixed Assets: ₹3.75
  • Dividend Receipts: ₹48.22
  • Interest Received: ₹64.75
  • Investments in shares: (₹5.95)
  • Net cash from investing activities: (₹467.95)

Financing Activities

  • Repayment of Long Term Borrowings: (₹193.61)
  • Borrowings for Working Capital: ₹1,676.17
  • Finance Costs: (₹233.29)
  • Dividend Paid: (₹2.66)
  • Net cash from financing activities: ₹1,246.61

Net Change

  • Net increase in cash and cash equivalents: ₹76.83
  • Cash at beginning of period: ₹28.85
  • Cash at end of period: ₹105.68

Segment Reporting

The company had discontinued operations of Textile Division and completely disposed of assets during Q2 FY25. Reporting on segment performance is not required as per IND AS 108. All figures reported pertain entirely to the continuing operations of FIBC division.

Regulatory Compliance and Review

  • Financial results reviewed by Audit Committee on November 10, 2026
  • Approved by Board of Directors on November 11, 2026
  • Statutory Auditors (Krishnan and Raman, Chartered Accountants) conducted limited review
  • Prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015
  • Filed pursuant to SEBI LODR Regulations 33(3)(a) and (b)

Labor Code Implementation Impact Assessment

  • Code on Wages, Industrial Relations Code, Code on Social Security, and Occupational Safety, Health and Working Conditions Code became operational from April 1, 2026
  • Central Government has notified rules for all four codes
  • States are finalizing respective state rules for full implementation
  • Requirement of Basic wages to be at least 50% of total wages for statutory dues will not impact company as they already maintain higher percentage
  • Tamil Nadu state has not enforced the code by notifying minimum floor wage rules
  • Management believes no material changes to cost structures necessitating provisioning for current year
  • Detailed impact study will be conducted after state government notification

Additional Notes

  • No previous period figures were re-grouped/restated during the year
  • The full format of financial results is available on BSE website (www.bseindia.com) and company website (www.polyspin.org)