Financial Performance - Q2 FY27 (Quarter Ended 30th September 2026)

  • Revenue from operations: ₹781.1 crore, increased 24.5% YoY from ₹627.4 crore in Q2 FY26
  • Gross Profit: ₹249.2 crore, increased 64.7% YoY from ₹151.3 crore in Q2 FY26
  • Gross Margin: 31.9%, expanded by 779 basis points from 24.1% in Q2 FY26
  • EBITDA: ₹154.9 crore, increased 136.8% YoY from ₹65.4 crore in Q2 FY26
  • EBITDA Margin: 19.8%, expanded by 940 basis points from 10.4% in Q2 FY26
  • Profit Before Tax: ₹129.7 crore, increased 244.6% YoY
  • Profit After Tax: ₹96.4 crore, increased 240.9% YoY from ₹28.3 crore in Q2 FY26
  • PAT Margin: 12.3%, expanded by 783 basis points from 4.5% in Q2 FY26
  • EPS: ₹7.6 compared to ₹2.2 in Q2 FY26

Financial Performance - H1 FY27 (Half Year Ended 30th September 2026)

  • Revenue from operations: ₹1,484.7 crore, increased 22.4% YoY from ₹1,213.2 crore in H1 FY26
  • Exports contribution: 52.2% of overall revenue, registering 10.97% growth on yearly basis
  • Gross Profit: ₹477.2 crore, increased 55.2% YoY from ₹307.4 crore in H1 FY26
  • Gross Margin: 32.1%, expanded by 680 basis points from 25.3% in H1 FY26
  • EBITDA: ₹287.1 crore, increased 112.8% YoY from ₹134.9 crore in H1 FY26
  • EBITDA Margin: 19.3%, expanded by 822 basis points from 11.1% in H1 FY26
  • Profit After Tax: ₹172.3 crore, increased 176.3% YoY from ₹62.4 crore in H1 FY26
  • PAT Margin: 11.6%, expanded by 647 basis points from 5.1% in H1 FY26
  • EPS: ₹13.6 compared to ₹4.9 in H1 FY26

Operational Highlights - Q2 FY27

  • Total Production Volume: 21,296 MT (compared to 21,294 MT in Q2 FY26)
  • Yarn Sales Volume: 21,172 MT (compared to 20,949 MT in Q2 FY26)

Expansion Projects and Capital Expenditure

  • Odisha greenfield project: Investment of approximately ₹1,000 crore
  • Capacity addition: 150,000 spindles
  • Current status: Progressing as planned
  • Expected commencement: First phase of production during Q3 FY27
  • Strategic advantage: Location within Odisha's cotton-producing region provides proximity to raw materials

Sustainability Initiatives

  • Solar power project commissioned during Q1 FY27
  • Contributing to improved cost efficiency and greater renewable-energy integration

Management Commentary and Outlook

  • Positive demand prospects supported by healthy domestic consumption, festive and wedding-season demand
  • Improving export enquiries and continued diversification of global supply chains
  • India-UK Free Trade Agreement and progress on India-EU Free Trade Agreement expected to improve market access
  • Company positioned to capitalize on opportunities through diversified portfolio and established customer relationships
  • Strong momentum entering second half of FY27
  • Confidence in long-term growth prospects and ability to create sustainable value for stakeholders

Company Background

  • Established in 1989
  • Three state-of-the-art manufacturing facilities in India
  • Produces grey and dyed textile yarns for weaving and knitting industry
  • Presence in more than 30 countries