Meeting Details

The Board meeting commenced at 03:45 PM IST and concluded at 5:30 PM IST on November 13, 2026.

Financial Results Overview

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹6,258.72 lakhs
  • Other income: ₹61.24 lakhs
  • Total income: ₹6,319.96 lakhs
  • Total expenses: ₹6,088.81 lakhs
  • Profit before tax: ₹231.15 lakhs
  • Income tax expense: ₹124.69 lakhs (comprising deferred tax charge)
  • Profit after tax: ₹106.46 lakhs
  • Other comprehensive income: -₹6.32 lakhs
  • Total comprehensive income: ₹100.14 lakhs
  • Basic earnings per share (EPS): ₹0.12
  • Diluted EPS: ₹0.12

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹12,728.00 lakhs
  • Other income: ₹77.14 lakhs
  • Total income: ₹12,805.14 lakhs
  • Total expenses: ₹12,310.58 lakhs
  • Profit before tax: ₹494.56 lakhs
  • Income tax expense: ₹196.85 lakhs
  • Profit after tax: ₹297.71 lakhs
  • Other comprehensive income: -₹6.21 lakhs
  • Total comprehensive income: ₹291.50 lakhs
  • Basic EPS: ₹0.33
  • Diluted EPS: ₹0.33

Comparative Performance

Quarterly Comparison (YoY):

  • Revenue declined 5.3% from ₹6,606.76 lakhs in Q2 FY26 to ₹6,258.72 lakhs in Q2 FY27
  • Profit after tax declined 52.4% from ₹223.83 lakhs in Q2 FY26 to ₹106.46 lakhs in Q2 FY27
  • Basic EPS decreased from ₹0.25 in Q2 FY26 to ₹0.12 in Q2 FY27

Half Year Comparison (YoY):

  • Revenue declined 3.2% from ₹13,151.63 lakhs in H1 FY26 to ₹12,728.00 lakhs in H1 FY27
  • Profit after tax declined 33.2% from ₹445.99 lakhs in H1 FY26 to ₹297.71 lakhs in H1 FY27
  • Basic EPS decreased from ₹0.50 in H1 FY26 to ₹0.33 in H1 FY27

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹1,976.44 lakhs
  • Purchases of Stock-in-Trade: ₹3,419.66 lakhs
  • Changes in inventories: -₹862.43 lakhs
  • Employee benefits expense: ₹460.23 lakhs
  • Finance costs: ₹193.57 lakhs
  • Depreciation and amortization: ₹58.63 lakhs
  • Knitting and processing charges: ₹397.82 lakhs
  • Other expenses: ₹444.89 lakhs

Balance Sheet Position (as of September 30, 2026)

Assets:

  • Total assets: ₹34,861.85 lakhs
  • Non-current assets: ₹10,693.06 lakhs (including property, plant and equipment: ₹2,180.78 lakhs)
  • Current assets: ₹24,168.79 lakhs (including inventories: ₹10,843.36 lakhs, trade receivables: ₹10,641.97 lakhs)
  • Cash and cash equivalents: ₹703.30 lakhs

Liabilities and Equity:

  • Total equity: ₹20,672.70 lakhs (share capital: ₹1,802.59 lakhs, other equity: ₹18,870.11 lakhs)
  • Non-current liabilities: ₹2,267.94 lakhs (including borrowings: ₹819.85 lakhs)
  • Current liabilities: ₹11,921.21 lakhs (including borrowings: ₹6,764.29 lakhs, trade payables: ₹4,404.03 lakhs)

Cash Flow Statement (H1 FY27)

  • Net cash used in operating activities: -₹1,382.25 lakhs
  • Net cash generated from investing activities: ₹507.11 lakhs
  • Net cash generated from financing activities: ₹1,503.31 lakhs
  • Net increase in cash and cash equivalents: ₹628.17 lakhs

Preferential Issue Update

The Extraordinary General Meeting held on June 11, 2026, approved a preferential issue of up to 2,12,00,000 convertible warrants at an issue price of ₹22.50 per warrant (face value ₹2, premium ₹20.50). NSE and BSE granted in-principle approval on August 28, 2026.

On September 12, 2026, the Preferential Issue Committee allotted 84,75,000 warrants upon receipt of 25% of the issue price. The balance 75% is payable upon exercise of the warrants. Warrants not exercised within 18 months from the date of allotment will lapse, and the amount paid will be forfeited.

Business Segment

The company is engaged in the business of "Hosiery and others" with one reportable segment as per Ind AS 108.