Regulatory Communication and Clarification
Date of Communication: The document contains two primary communications:
- May 16, 2026: Submission of audited financial results for Q4 and FY ended March 31, 2026
- June 23, 2026: Response to NSE clarification regarding machine-readable format submission
Nature of Query: On June 16, 2026, NSE sought clarification regarding "Machine Readable Form / Legible copy of Financial Results not submitted". The company responded on June 23, 2026, stating they had already submitted the XBRL of both standalone and consolidated financial results with requisite information.
Company's Clarification on Regulatory Compliance
The company confirmed compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All submissions were made to the National Stock Exchange of India Limited.
Financial Results Details
Standalone Financial Results for FY Ended March 31, 2026:
- Total Income: ₹88,870.81 lakhs
- Total Expenses: ₹83,876.64 lakhs
- Profit before tax: ₹4,994.17 lakhs
- Tax expense: ₹1,409.40 lakhs (Current tax: ₹1,180.00 lakhs, Deferred tax: ₹208.64 lakhs, Tax expense for earlier years: ₹20.76 lakhs)
- Profit for the period: ₹3,584.77 lakhs
- Other Comprehensive Income: ₹(1.01) lakhs
- Total Comprehensive Income: ₹3,583.76 lakhs
- Earnings Per Share (Basic & Diluted): ₹29.87
- Paid-up equity share capital: ₹1,200.00 lakhs (Face value ₹10 each)
- Other Equity: ₹44,533.43 lakhs
Quarterly Breakdown (Standalone):
- Q4 FY26: Profit of ₹1,174.09 lakhs, EPS ₹9.78
- Q3 FY26: Profit of ₹577.69 lakhs, EPS ₹4.81
- Q2 FY26: Profit of ₹1,572.92 lakhs, EPS ₹13.11
- Q1 FY26: Profit of ₹374.24 lakhs, EPS ₹3.12
Consolidated Financial Results for FY Ended March 31, 2026:
- Total Comprehensive Income: ₹3,583.76 lakhs
- Earnings Per Share (Basic & Diluted): ₹29.87
- Other Equity: ₹46,873.43 lakhs
Dividend Recommendation: The Board recommended a final dividend of ₹4 per share (40% on face value of ₹10 per share), subject to approval of shareholders in the ensuing Annual General Meeting.
Balance Sheet Highlights (Standalone as of March 31, 2026):
- Total Assets: ₹90,819.21 lakhs
- Non-current Assets: ₹55,670.73 lakhs (including Property, Plant and Equipment: ₹48,447.23 lakhs)
- Current Assets: ₹35,031.13 lakhs (including Inventories: ₹16,160.55 lakhs, Trade receivables: ₹13,482.35 lakhs)
- Total Equity: ₹45,733.43 lakhs
- Total Liabilities: ₹45,085.78 lakhs
Cash Flow Statement (Standalone FY26):
- Cash flow from operating activities: ₹9,045.21 lakhs
- Cash flow used in investing activities: ₹(6,445.74) lakhs
- Cash flow used in financing activities: ₹(2,727.07) lakhs
- Net decrease in cash: ₹(127.60) lakhs
Significant Notes to Financial Results
1. Segment Reporting: Operations primarily relate to only one reportable operating segment - Textiles
2. Discontinued Operations: The company discontinued operations of one Spinning unit at Hindupur, Andhra Pradesh effective February 27, 2025. Loss from discontinued operations for Q4 and year ended March 31, 2025 includes ₹1,119 lakhs towards Employee's settlement.
3. Subsidiary: The company's subsidiary (Suprem Associates) does not have any business operations, resulting in identical standalone and consolidated financial results.
4. Labour Code Impact: Implementation of new Labour Codes resulted in one-time incremental gratuity charge of ₹213.56 lakhs for the quarter and year ended March 31, 2026.
5. Restatement: The company recognized a restatement loss of ₹314.84 lakhs during the year ended March 31, 2026.