Board Meeting and Approval

The Board of Directors at its meeting held on Saturday, November 14, 2026, considered and approved the Un-Audited Standalone & Consolidated Financial Results for the half year ended September 30, 2026.

Auditor Review

Gada Chheda & Co LLP, Chartered Accountants, conducted a limited review and issued an unmodified opinion on both standalone and consolidated financial results, stating that nothing came to their attention causing them to believe the statements contain material misstatements.

Standalone Financial Results (Amount in Rs.)

Income Statement Highlights:

  • Revenue From Operations: 40,31,53,911 (H1 FY27) vs 43,13,45,521 (H1 FY26) vs 99,33,11,023 (FY26)
  • Other Income: - (nil) (H1 FY27) vs 4,82,771 (H1 FY26) vs 40,02,699 (FY26)
  • Total Income: 40,31,53,811 (H1 FY27) vs 43,18,28,292 (H1 FY26) vs 90,73,13,722 (FY26)
  • Purchase of stock-in-trade: 33,43,29,106 (H1 FY27) vs 43,57,78,067 (H1 FY26)
  • Changes in inventories: (1,62,31,236) (H1 FY27) vs (8,44,48,719) (H1 FY26)
  • Finance costs: 28,32,085 (H1 FY27) vs 27,92,950 (H1 FY26) vs 82,07,249 (FY26)
  • Employee benefits expense: 33,17,857 (H1 FY27) vs 52,22,561 (H1 FY26)
  • Depreciation and amortization: 83,631 (H1 FY27) vs 57,910 (H1 FY26) vs 90,18,201 (FY26)
  • Other expenses: 1,69,01,078 (H1 FY27) vs 1,54,27,343 (H1 FY26)
  • Profit before tax: 6,19,21,390 (H1 FY27) vs 6,69,97,260 (H1 FY26)
  • Tax expense: 1,55,91,520 (current tax) and (7,765) (deferred tax) for H1 FY27
  • Profit for the period: 4,63,37,635 (H1 FY27) vs 5,01,35,390 (H1 FY26)
  • Earnings per share (Basic): Rs 1.72 (H1 FY27) vs Rs 2.02 (H1 FY26)
  • Earnings per share (Diluted): Rs 1.72 (H1 FY27) vs Rs 1.98 (H1 FY26)

Balance Sheet Highlights (Standalone):

  • Share Capital: Rs 13,43,20,000 (unchanged from March 31, 2026)
  • Reserves and Surplus: Rs 22,88,48,826 (vs Rs 18,25,11,192 as of March 31, 2026)
  • Short Term Borrowings: Rs 19,30,92,664 (vs Rs 20,02,28,351 as of March 31, 2026)
  • Trade Payables: Rs 47,64,96,502 (vs Rs 52,72,80,715 as of March 31, 2026)
  • Inventories: Rs 29,50,41,358 (vs Rs 27,88,10,124 as of March 31, 2026)
  • Trade Receivables: Rs 42,73,76,687 (vs Rs 47,17,54,833 as of March 31, 2026)
  • Cash and Cash Equivalents: Rs 8,03,12,327 (vs Rs 7,38,74,238 as of March 31, 2026)

Consolidated Financial Results (Amount in Rs.)

Income Statement Highlights:

  • Revenue From Operations: 41,62,42,348 (H1 FY27) vs 58,16,42,630 (H1 FY26)
  • Other Income: - (nil) (H1 FY27) vs 35,44,522 (H1 FY26)
  • Total Income: 41,62,42,348 (H1 FY27) vs 58,51,87,152 (H1 FY26)
  • Purchase of stock-in-trade: 34,62,65,425 (H1 FY27)
  • Changes in inventories: 25,12,80,12 (H1 FY27)
  • Finance costs: 28,32,085 (H1 FY27) vs 27,92,950 (H1 FY26)
  • Employee benefits expense: 36,35,750 (H1 FY27) vs 60,35,652 (H1 FY26)
  • Depreciation and amortization: 1,54,477 (H1 FY27) vs 1,23,386 (H1 FY26)
  • Other expenses: 2,42,36,103 (H1 FY27) vs 1,41,20,510 (H1 FY26)
  • Profit before tax: 6,42,47,421 (H1 FY27) vs 6,72,76,704 (H1 FY26)
  • Tax expense: 1,61,76,566 (current tax) and (7,504) (deferred tax) for H1 FY27
  • Profit for the period: 4,80,78,359 (H1 FY27) vs 5,03,39,961 (H1 FY26)
  • Share in Profit For Minority Interest: 8,69,880 (H1 FY27)
  • Profit to be transferred to Reserves: 4,72,08,479 (H1 FY27)
  • Earnings per share (Basic): Rs 1.72 (H1 FY27) vs Rs 2.03 (H1 FY26)
  • Earnings per share (Diluted): Rs 1.72 (H1 FY27) vs Rs 1.98 (H1 FY26)

Subsidiary Information:

  • Shinetex Industries Private Limited: Total assets of Rs 3,65,90,720 as at September 30, 2026; total revenue of Rs 1,43,11,715 and net profit after tax of Rs 17,40,109 for H1 FY27.

Balance Sheet Highlights (Consolidated):

  • Share Capital: Rs 13,43,20,000 (unchanged from March 31, 2026)
  • Reserves and Surplus: Rs 22,94,60,466 (vs Rs 18,22,51,984 as of March 31, 2026)
  • Minority Interest: Rs 6,72,068 (vs Rs (1,97,814) as of March 31, 2026)
  • Short Term Borrowings: Rs 19,30,92,664 (vs Rs 20,02,28,351 as of March 31, 2026)
  • Trade Payables: Rs 48,19,70,954 (vs Rs 53,30,16,355 as of March 31, 2026)
  • Inventories: Rs 31,07,71,762 (vs Rs 28,56,42,847 as of March 31, 2026)
  • Trade Receivables: Rs 44,12,37,642 (vs Rs 48,55,71,226 as of March 31, 2026)
  • Cash and Cash Equivalents: Rs 8,15,08,311 (vs Rs 7,44,96,534 as of March 31, 2026)

Business Segment Information

The Company operates in a single segment namely import and trading of various types of fabrics and textile raw materials.

Notes to Financial Results

  • The same accounting policies are followed in preparation of the financial statements as those followed in the most recent annual statements.
  • Previous year figures have been regrouped/recast, wherever necessary.
  • Balance of Sundry Creditors, Debtors, Loans and advances etc. are as per books of accounts. The management is in process of reconciliation thereof.