Transcript of the Investors' Conference Call held on 1st June, 2026 for Q4 & FY 26.
We wish to inform that this corrigendum to rectify an inadvertent clerical error regarding the expected period of the project becoming operational/ commissioned. Accordingly the timeline should be read as "by Q2 of FY 2028" instead of "by Q2 of FY 2027"
Audio Recording of the Investors’ Conference Call held on 1st June, 2026 for Q4 & FY26 Results
Annual Secretarial Compliance Report for the year ended 31st March, 2026.
The Board of Directors of the Company, has approved a brownfield expansion project of its spinning facility located in Alte, Kolhapur, Maharashtra. The project involves increasing the existing installed capacity 70,000 spindles to 90,000 spindles.
Press Release on Q4 & FY 26
Investor Presentation for Q4 & FY 26.
The Board has recommended a Final Dividend of Rs. 1.5 @75% for the FY 2025-26 on the equity shares of the company.
Pursuant to Reg 30 & 33 of SEBI (LODR) Regulations, 2015, we are enclosing herewith the following for the quarter and year ended 31st March, 2026: 1. Audited Standalone & Consolidated Financial Results 2. Independent Auditors Report issued by M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors 3. Declaration confirming the unmodified opinion of the statutory auditors on the Financial Results.
Pursuant to Regulation 30 and 33 of SEBI (LODR), Regulations, 2015, we are enclosing herewith the following documents: 1. Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended 31st March, 2026 2. Independent Auditor's Report on Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended 31st March, 2026 issued by M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors of the Company and, 3. Declaration confirming the unmodified opinion of the statutory auditors on the Audited Financial Results. Further, the Board has also recommended a Final Dividend of Rs. 1.5/-per share (i.e. 75% of face value of Rs. 2/- each) for the financial year ended 31st March, 2026, subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM) of the Company.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 675.77 | 959.66 | 695.57 | 1,001.31 | 906.33 | 991.03 | 1,009.45 | 864.84 | 733.27 | 827.96 | 779.26 | 757.89 |
| YOY Revenue Growth % | -12.85% | 21.53% | 30.91% | 45.7% | 34.12% | 3.27% | 45.13% | -13.63% | -19.1% | -16.45% | -22.8% | -12.37% |
| Other Income | 6.00 | 25.26 | 14.47 | 0.51 | 10.61 | 11.25 | 18.89 | 8.81 | 11.38 | 22.32 | 14.43 | 32.50 |
| Total Income | 681.77 | 984.92 | 710.04 | 1,001.82 | 916.94 | 1,002.28 | 1,028.34 | 873.65 | 744.65 | 850.29 | 793.69 | 790.39 |
| Total Expenses + | 591.04 | 845.56 | 633.49 | 877.36 | 807.53 | 890.29 | 938.12 | 861.87 | 690.53 | 793.18 | 759.17 | 745.53 |
| Cost of Materials Consumed | 391.75 | 378.22 | 414.25 | 477.43 | 529.54 | 496.27 | 331.39 | 317.02 | 343.74 | 386.24 | 300.93 | 361.83 |
| Employee Benefit Expense | 61.84 | 73.19 | 71.20 | 74.08 | 76.26 | 87.53 | 81.47 | 80.51 | 79.77 | 79.65 | 84.12 | 81.08 |
| Other Expenses | 233.16 | 286.25 | 254.36 | 312.54 | 305.03 | 327.58 | 290.02 | 282.20 | 240.79 | 289.65 | 281.55 | 299.52 |
| Operating Profit | 84.73 | 114.10 | 62.08 | 123.96 | 98.80 | 100.74 | 71.33 | 2.97 | 42.74 | 34.78 | 20.09 | 12.36 |
| OPM % | 12.5% | 11.9% | 8.9% | 12.4% | 10.9% | 10.2% | 7.1% | 0.3% | 5.8% | 4.2% | 2.6% | 1.6% |
| Profit Before Tax + | 90.73 | 139.36 | 76.55 | 124.47 | 109.41 | 111.99 | 90.22 | 11.78 | 54.12 | 57.11 | 34.52 | 44.86 |
| Tax Expense | 23.52 | 35.06 | 20.15 | 32.07 | 30.34 | 28.94 | 23.30 | 3.61 | 13.84 | 14.84 | 9.25 | 8.07 |
| Tax % | 25.9% | 25.2% | 26.3% | 25.8% | 27.7% | 25.8% | 25.8% | 30.6% | 25.6% | 26% | 26.8% | 18% |
| Profit After Tax | 67.21 | 104.30 | 56.40 | 92.39 | 79.07 | 83.05 | 66.93 | 8.18 | 40.28 | 42.27 | 25.27 | 36.79 |
| EPS (Basic) | 3.39 | 5.27 | 2.85 | 4.66 | 3.99 | 4.19 | 3.37 | 0.42 | 2.03 | 2.13 | 1.28 | 1.86 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,098.37 | 3,771.65 | 3,332.31 | 2,783.59 | 2,805.95 | 2,514.75 | 1,965.07 |
| YOY Revenue Growth % | -17.85% | 13.18% | 19.71% | -0.8% | 11.58% | 27.97% | - |
| Other Income | 80.63 | 49.56 | 46.24 | 34.14 | 139.22 | 37.74 | 54.32 |
| Total Income | 3,179.01 | 3,821.21 | 3,378.55 | 2,817.73 | 2,945.17 | 2,552.49 | 2,019.39 |
| Total Expenses + | 2,988.40 | 3,497.81 | 2,947.45 | 2,494.32 | 2,490.52 | 2,199.91 | 1,792.94 |
| Cost of Materials Consumed | 1,392.74 | 1,674.21 | 1,661.64 | 1,347.32 | 1,238.70 | 1,332.80 | 1,090.70 |
| Employee Benefit Expense | 324.62 | 325.77 | 280.32 | 234.63 | 169.75 | 145.28 | 124.62 |
| Other Expenses | 1,111.51 | 1,204.82 | 1,086.30 | 853.23 | 818.19 | 696.06 | 577.62 |
| Operating Profit | 109.98 | 273.84 | 384.86 | 289.27 | 315.43 | 314.84 | 172.13 |
| OPM % | 3.5% | 7.3% | 11.5% | 10.4% | 11.2% | 12.5% | 8.8% |
| Profit Before Exceptional | 190.61 | 323.40 | 431.11 | 323.41 | 454.65 | 352.58 | 154.69 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -98.46 |
| Profit Before Tax + | 190.61 | 323.40 | 431.11 | 323.41 | 454.65 | 352.58 | 56.23 |
| Tax Expense | 46.00 | 86.19 | 110.80 | 85.24 | 116.56 | 92.32 | -17.53 |
| Tax % | 24.1% | 26.7% | 25.7% | 26.4% | 25.6% | 26.2% | -31.2% |
| Profit After Tax | 144.61 | 237.22 | 320.30 | 238.17 | 338.09 | 260.26 | 73.76 |
| EPS (Basic) | 7.30 | 11.98 | 16.17 | 12.03 | 17.13 | 13.18 | 3.74 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 1,537.66 | 1,614.28 | 1,391.13 | 1,341.38 | 1,030.55 | 578.31 | 0.00 |
| Property, Plant & Equipment | 1,246.31 | 1,260.42 | 1,268.93 | 1,039.22 | 570.39 | 514.61 | 0.00 |
| Capital Work in Progress | 4.43 | 26.63 | 24.68 | 170.80 | 23.32 | 7.72 | 0.00 |
| Non-Current Investments | 51.92 | 51.92 | 10.57 | 10.57 | 24.92 | 24.92 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 27.72 | 6.64 | 3.12 | 2.90 | 2.92 | 2.65 | 0.00 |
| Current Assets + | 2,181.09 | 2,081.92 | 2,102.34 | 1,652.70 | 2,049.27 | 1,668.36 | 0.00 |
| Inventories | 977.83 | 885.97 | 1,053.03 | 777.94 | 924.99 | 677.28 | 0.00 |
| Trade Receivables | 672.80 | 789.23 | 560.35 | 493.79 | 476.34 | 525.15 | 0.00 |
| Cash and Cash Equivalents | 81.28 | 80.36 | 80.81 | 65.46 | 348.02 | 114.31 | 0.00 |
| Current Investments | 190.07 | 134.57 | 132.67 | 143.49 | 1.50 | 166.93 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 2,316.48 | 2,236.24 | 2,047.44 | 1,764.67 | 1,567.84 | 1,274.38 | 0.00 |
| Equity Share Capital | 39.61 | 39.61 | 39.61 | 39.61 | 39.48 | 39.48 | 0.00 |
| Other Equity | 2,276.87 | 2,196.63 | 2,007.83 | 1,725.06 | 1,528.36 | 1,234.90 | 0.00 |
| Non-Current Liabilities | 262.29 | 269.61 | 286.59 | 296.34 | 175.32 | 113.89 | 0.00 |
| Current Liabilities | 1,139.99 | 1,190.35 | 1,159.44 | 933.07 | 1,336.66 | 858.40 | 0.00 |
| Total Liabilities | 1,402.28 | 1,459.96 | 1,446.04 | 1,229.41 | 1,511.98 | 972.29 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 419.92 | 270.46 | 142.59 | 643.13 | -326.04 | 26.54 | 0.00 |
| Cash from Investing Activities | -39.80 | -206.75 | -89.39 | -463.92 | 62.08 | -196.36 | 0.00 |
| Cash from Financing Activities | -379.20 | -64.16 | -37.84 | -460.32 | 584.25 | 158.49 | 0.00 |
| Net Increase/Decrease in Cash | 0.92 | -0.45 | 15.35 | -281.11 | 320.29 | -11.33 | 0.00 |