Standalone Financial Performance (Amount in ₹ Lakhs)
Income Statement Highlights for H1 FY27 (Unaudited):
- Revenue from Operations: ₹9,708.23
- Other Income: ₹109.31
- Total Income: ₹9,817.55
- Total Expenses: ₹8,927.22
- Profit Before Tax: ₹890.32
- Tax Expense: ₹229.56 (Current Tax: ₹227.35, Deferred Tax: ₹2.21)
- Profit for the Period: ₹660.76
Comparative Figures:
- H1 FY26 Profit: ₹520.92
- FY26 Full Year Profit: ₹993.43
Earnings Per Share (EPS):
- Basic EPS: ₹3.45
- Diluted EPS: ₹3.45
Balance Sheet Position as of 30.09.2026 (Unaudited):
- Share Capital: ₹1,916.00
- Reserves and Surplus: ₹9,142.30
- Money received against share warrants: ₹349.40
- Total Assets/Liabilities: ₹13,811.07
- Inventories: ₹4,572.14
- Trade Receivables: ₹6,489.71
- Cash and Cash Equivalents: ₹57.87
Ratios:
- Debt/Equity: 0.11
- Debt Service Coverage: 27.42
- Interest Coverage Ratio: 26.49
Cash Flow Statement (H1 FY27):
- Net Cash from Operating Activities: (₹1,612.04)
- Net Cash from Investing Activities: ₹183.28
- Net Cash from Financing Activities: ₹943.96
- Net Decrease in Cash: (₹484.79)
Consolidated Financial Performance (Amount in ₹ Lakhs)
The consolidated results include subsidiary Suvarna Enterprise (controlled from 01/10/2025) and associate Suvarna Spinning Mills Private Limited (30% holding, accounted under equity method).
Income Statement Highlights for H1 FY27 (Unaudited):
- Revenue from Operations: ₹10,843.72
- Other Income: ₹73.90
- Total Income: ₹10,917.62
- Total Expenses: ₹10,021.15
- Profit Before Tax: ₹896.47
- Tax Expense: ₹229.56 (Current Tax: ₹227.35, Deferred Tax: ₹2.21)
- Profit for the Period: ₹666.91
- Non-Controlling Interest: ₹51.67
Earnings Per Share (EPS):
- Basic EPS: ₹3.48
- Diluted EPS: ₹3.48
Balance Sheet Position as of 30.09.2026 (Unaudited):
- Share Capital: ₹1,916.00
- Reserves and Surplus: ₹9,157.09
- Money received against share warrants: ₹349.40
- Total Assets/Liabilities: ₹14,149.67
- Inventories: ₹4,671.76
- Trade Receivables: ₹6,980.13
- Cash and Cash Equivalents: ₹68.39
Ratios:
- Debt/Equity: 0.11
- Debt Service Coverage: 27.60
- Interest Coverage Ratio: 26.67
Cash Flow Statement (H1 FY27):
- Net Cash from Operating Activities: (₹1,550.50)
- Net Cash from Investing Activities: (₹30.58)
- Net Cash from Financing Activities: ₹1,124.78
- Net Decrease in Cash: (₹474.30)
Important Notes
1. The company is listed on the BSE SME Platform and is exempt from IND-AS adoption. Results are prepared according to Accounting Standards prescribed under Section 133 of the Companies Act, 2013.
2. During FY 2023-24, the company issued 51,38,000 share warrants at ₹106 per share (face value ₹10 + premium ₹96). In FY 2024-25, 41,60,000 equity shares were allotted upon conversion. The remaining 9,78,000 share warrants (₹349.40 lakhs received) are yet to be converted.
3. For H1 FY27, these warrants were anti-dilutive as the fair value of equity shares (₹51.03, based on BSE SME average weekly closing price from April-Sep 2026) was lower than the exercise price (₹106). Consequently, basic and diluted EPS are equal.
4. For the comparative period ended 31 March 2026, these warrants were dilutive and were factored into the diluted EPS calculation.
5. The consolidation scope includes:
- Suvarna Enterprise: Became a subsidiary effective 01/10/2025 after a supplementary partnership deed executed on 18/11/2025 vested control in the company. Consolidated on a line-by-line basis from this date.
- Suvarna Spinning Mills Private Limited: Associate company (30% equity acquired on 14/02/2026 for ₹80,000). Accounted for using the equity method.
6. Comparative consolidated figures for H1 FY25 are not presented as Suvarna Enterprise was not consolidated during that period (was an associate accounted under equity method).
7. The financial results are reviewed by auditors M/s SBMG & Co. LLP, who issued a limited review report with no modifications.