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14 announcements match the current filters (relevance ≥ 5).
Basilic Fly Studio reports ₹255 Cr order book and ₹105 Cr YTD wins in Q1 FY27 concall
Basilic Fly Studio disclosed in its Q1 FY27 earnings call that its undelivered order book stood at ₹255 Cr as of July 2026, scheduled for execution over Q2-Q4 FY27. The company has secured ₹105 Cr in new international orders FY27 YTD, representing ~30% of its TTM revenue (₹351 Cr). Additionally, the active bid pipeline stands at ₹700 Cr with 40% in advanced stages, and domestic OTT revenue has already crossed 2x of its entire FY26 domestic revenue. During Q1 FY27, the studio delivered 89 projects across 60 clients globally with an expanded workforce exceeding 800 professionals.
Confidence: HIGH
What changedManagement provided detailed operational updates, disclosing a ₹255 Cr order book and ₹105 Cr FY27 YTD new wins post Q1 FY27 earnings.
Why it mattersThe order book of ₹255 Cr provides strong revenue visibility for the remainder of FY27, covering ~73% of TTM revenue (₹351 Cr), addressing recent investor concerns over growth and utilization.
Undelivered Order Book: ₹255 CrFY27 YTD New International Orders: ₹105 CrOrder Book vs TTM Revenue: ~72.6%Active Bid Pipeline: ₹700 CrProjects Delivered in Q1 FY27: 89
📅 Short termProvides improved visibility into H2 FY27 revenue trajectory following a softer Q1 FY27 PAT of ₹6.7 Cr.
📈 Long termExpansion into high-end direct creative mandates and international scaling via One of Us strengthens BFS's position across global streaming networks.
⚠ Risk flags
- Lumpy milestone-based revenue recognition dependent on client approval schedules
- Pricing pressures in overseas markets and reliance on high-cost creative talent
Key Highlights
Undelivered order book reached ₹255 Cr as of end-July 2026 (up from historical levels of ₹100-150 Cr), to be executed across Q2 to Q4 FY27
Secured ₹105 Cr of new international orders FY27 YTD, equivalent to ~30% of TTM revenue of ₹351 Cr
Active bidding pipeline stands at ₹700 Cr, with 40% at an advanced stage of conversion
Delivered 89 projects (28 movies, 53 series, 8 commercials) for 60 clients (10 new) in Q1 FY27
Domestic OTT revenue crossed 2x the full-year FY26 revenue generated from this segment
👀 What to Watch
Track execution timeline of the ₹255 Cr order book in upcoming Q2 and Q3 FY27 results, alongside conversion rates from the ₹700 Cr bidding pipeline.
Basilic Fly Q1 FY27: Revenue at Rs 103.5 Cr, EBITDA Margin 13.91%, Bid Pipeline at £55M
Basilic Fly Studio released its Q1 FY27 investor presentation, reporting consolidated operational revenue of INR 103.5 Cr (INR 1,035 Mn) with an EBITDA margin of 13.91%, down from 20.89% in FY26. The company reported an active bid pipeline of £55 million, with approximately 40% at an advanced stage of conversion. Europe accounted for 79% of Q1 FY27 revenue, followed by North America at 10% and Others at 11%. Domestic OTT sales revenue showed strong traction, already exceeding ~2x of full-year FY26 domestic revenue following full-length mandates from Netflix and Amazon.
Confidence: HIGH
What changedBasilic Fly published its Q1 FY27 investor presentation detailing quarterly operational performance, margin trends, and pipeline visibility.
Why it mattersDemonstrates strong commercial pipeline visibility (£55M) and domestic OTT expansion, while highlighting near-term margin pressure (EBITDA margin at 13.91%).
Q1 FY27 Consolidated Revenue: INR 1,035 MnQ1 FY27 EBITDA Margin: 13.91%Active Bid Pipeline: £55MPipeline at Advanced Stage: ~40%Europe Revenue Share (Q1 FY27): 79%
📅 Short termMargin compression to 13.91% may keep trading muted in the near term, though positive traction in domestic OTT and a large bid pipeline provide underlying operational support.
📈 Long termThe company is executing on offshoring high-cost UK/Europe production to its Indian delivery centres (Chennai, Pune, Bengaluru) to capitalize on a 30–40% structural cost advantage.
⚠ Risk flags
- EBITDA margin contraction to 13.91% in Q1 FY27 compared to 20.89% in FY26
- Geographic concentration risk with Europe contributing 79% of Q1 FY27 revenues
- Execution and conversion risk across the £55M bid pipeline
Key Highlights
Q1 FY27 consolidated revenue reached INR 103.5 Cr (INR 1,035 Mn) with an EBITDA margin of 13.91%
Active bidding pipeline stands at £55 million, with ~40% at an advanced conversion stage
Q1 FY27 revenue mix was dominated by Europe (79%), North America (10%), and Others (11%)
Domestic OTT revenue has already crossed ~2x of full-year FY26 revenue after onboarding Netflix and Amazon
👀 What to Watch
Track the conversion timeline of the £55M bid pipeline into billed revenue and watch for EBITDA margin recovery toward historical 20%+ levels in upcoming quarters.
Q1 FY27 PAT Drops 44% YoY to ₹6.7 Cr Despite 10% Revenue Rise to ₹103.5 Cr; Order Book at ₹308 Cr
Basilic Fly Studio reported Q1 FY27 consolidated revenue of ₹103.5 Cr (INR 1,035 Mn), up 10% YoY, but operating profitability faced severe margin compression. EBITDA fell 23% YoY to ₹14.4 Cr with margins contracting to 13.91%, while Net Profit declined 44% YoY to ₹6.7 Cr due to higher IT costs, travel, and forex losses. The company reported a solid executable order book of ₹308 Cr (approx. 90% of TTM revenue of ₹342 Cr), with 91% scheduled for execution in FY27. Additionally, the active bidding pipeline stands at ₹700 Cr (GBP 55 Mn), with 40% in advanced evaluation stages.
Confidence: HIGH
What changedBasilic Fly Studio announced its Q1 FY27 financial results showing revenue expansion alongside a sharp contraction in operating and net margins.
Why it mattersWhile top-line demand and the order book (₹308 Cr) remain robust across major global OTT players, rising IT overheads and forex headwinds have sharply eroded operating margins from historical >20% levels to 13.91%.
Q1 FY27 Revenue: INR 1,035 MnQ1 FY27 EBITDA: INR 144 MnQ1 FY27 Net Profit: INR 67 MnEBITDA Margin: 13.91%Order Book: INR 3,080 MnOrder Book vs TTM Revenue: ~90.0%
📅 Short termEarnings numbers reflect margin pressure which could weigh on near-term market sentiment, pending clarity from the upcoming analyst call on cost trajectory.
📈 Long termThe structural migration of delivery roles to India (offering 30–40% cost advantages) and adoption of AI workflows could support long-term margin recovery if order pipeline conversions materialize.
⚠ Risk flags
- Operating margin compression driven by escalated IT infrastructure and software costs
- Foreign exchange volatility and pricing pressure on international studio contracts
Key Highlights
Q1 FY27 consolidated revenue increased 10% YoY to INR 1,035 Mn (₹103.5 Cr)
EBITDA dropped 23% YoY to INR 144 Mn (₹14.4 Cr) with EBITDA margin shrinking to 13.91%
Net profit fell 44% YoY to INR 67 Mn (₹6.7 Cr), impacted by higher IT expenses and forex losses
Confirmed order book stands at ~INR 3,080 Mn (~₹308 Cr), representing ~90% of TTM revenue
Active bidding pipeline reached INR 7,000 Mn (GBP 55 Mn), with 40% in advanced evaluation
👀 What to Watch
Track the earnings conference call scheduled for August 17, 2026, to monitor management commentary on operational cost inflation and the timeline for margin normalization from the India-led delivery transition.
Q1 Consolidated PAT Drops 44% YoY to ₹6.7 Cr; Approves Main Board Migration & IPO Fund Shift
Basilic Fly Studio reported a 44.2% YoY decline in Q1 consolidated net profit to ₹6.7 Cr (₹67 Mn) from ₹12.0 Cr (₹120 Mn), despite revenue from operations growing 9.9% YoY to ₹103.5 Cr (₹1,035 Mn). Profitability was weighed down by elevated employee benefit expenses of ₹70.3 Cr and higher finance costs. The Board also approved migrating its shares from the NSE Emerge platform to the Main Boards of NSE and BSE. Additionally, the company proposed reallocating ₹21.4 Cr (₹214 Mn) of IPO proceeds from Hyderabad/Salem studios to a new 11,000 sq. ft., 150-seat facility in Bangalore.
Confidence: HIGH
What changedReported Q1 FY27 financial performance showing margin compression, reallocated ₹21.4 Cr IPO funds to Bangalore, and initiated the formal process to migrate to the Main Boards of NSE and BSE.
Why it mattersMain Board migration will improve institutional liquidity and visibility, while the sharp margin contraction underscores operational cost inflation and pricing pressures in global VFX projects.
Consolidated Revenue (Q1): ₹1,035 MnConsolidated Net Profit (Q1): ₹67 MnReallocated IPO Proceeds: ₹214 MnBangalore Studio Seating Capacity: 150 employeesQ1 Diluted EPS: ₹2.61
📅 Short termEarnings weakness with PAT down >40% YoY may create near-term stock overhang, partially offset by positive sentiment around Main Board listing.
📈 Long termMain Board listing enhances investor reach, while execution at the Bangalore studio and margin improvement in international VFX projects remain central to long-term compounding.
⚠ Risk flags
- Sharp contraction in operating and net profit margins due to rising employee costs
- Dependency on timely shareholder approval for IPO object variations and Main Board migration
Key Highlights
Q1 Consolidated revenue rose 9.9% YoY to ₹103.5 Cr (₹1,035 Mn) from ₹94.2 Cr in Q1 previous year.
Consolidated net profit dropped 44.2% YoY to ₹6.7 Cr (₹67 Mn) compared to ₹12.0 Cr in Q1 previous year, with diluted EPS decreasing to ₹2.61 from ₹5.16.
Proposed reallocation of ₹21.4 Cr (₹214 Mn) IPO proceeds from Hyderabad & Salem facilities to a 11,000 sq ft, 150-seat Bangalore studio.
Approved migration from NSE Emerge SME platform to the Main Boards of NSE and BSE via Postal Ballot.
👀 What to Watch
Track the shareholder postal ballot voting for Main Board migration, operational commissioning of the Bangalore facility, and margin recovery in subsequent quarters.
Girnar Spintex Q1 Net Loss Widens to ₹2.65 Cr; Sets Nov 2026 Target for Spinning Expansion
Girnar Spintex Industries Limited (formerly Amit Spinning Industries) reported Q1 revenue of ₹2,498.08 lakh, up marginally from ₹2,465.85 lakh YoY, but net losses widened sharply to ₹265.31 lakh from ₹34.36 lakh in Q1 FY26. The company provided an updated timeline for its composite textile plant modernisation, targeting commercial production of the Processing Division by the end of September 2026 and the expanded Spinning Division by end-November 2026. Additionally, the company shifted its banking ties to Cosmos Bank and secured a loan sanction for the expansion, placing an order for 11,040 spindles with Rieter India.
Confidence: HIGH
What changedThe company established revised commissioning targets for its processing (September 2026) and spinning (November 2026) divisions alongside securing debt financing from Cosmos Bank.
Why it mattersThe company is incurring ongoing net losses, making timely execution of the 11,040-spindle capacity expansion and processing plant essential for operating leverage and cash flow turnaround.
Q1 Revenue from Operations: ₹2,498.08 lakhQ1 Net Loss: ₹265.31 lakhAdditional Spindles Ordered: 11,040 unitsProcessing Commercial Date: End of September 2026Spinning Commercial Date: End of November 2026
📅 Short termWidening quarterly losses and negative EPS are likely to pressure sentiment until commercial commissioning yields tangible revenue ramp-up.
📈 Long termIf successfully commissioned by November 2026, the 11,040 spindles and processing unit could structurally scale operating volume and improve product integration.
⚠ Risk flags
- Risk of further project commissioning delays
- Widening net losses of ₹265.31 lakh impacting net worth
- Increased debt obligations following expansion loan from Cosmos Bank
Key Highlights
Q1 standalone revenue was ₹2,498.08 lakh vs ₹2,465.85 lakh YoY; net loss widened to ₹265.31 lakh.
Basic EPS for the quarter dropped to ₹(9.67) compared to ₹(1.25) in Q1 FY26.
Processing Division commissioning targeted for end of September 2026; trial job work has commenced.
Ordered 11,040 additional spindles from Rieter India, aiming for commercial spinning production by end of November 2026.
Shifted banking facilities from HDFC Bank to Cosmos Bank and secured expansion loan sanction.
👀 What to Watch
Track the full-scale commissioning of the Processing unit by September 2026 and machinery delivery/installation of 11,040 spindles by November 2026 to see if utilization halts operational losses.
ASIL Reports Q1 Net Loss of ₹2.65 Cr; Orders 11,040 Spindles for Plant Expansion
Girnar Spintex Industries (formerly Amit Spinning Industries) reported a standalone net loss of ₹265.31 lakh for the quarter ended June 30, 2026, widening from a loss of ₹34.36 lakh in Q1 FY26. Revenue from operations stood at ₹2,498.08 lakh, up marginally from ₹2,465.85 lakh year-on-year but down sequentially from ₹3,667.55 lakh in Q4 FY26. On the capex front, the company has secured debt sanction from Cosmos Bank and ordered 11,040 additional spindles from Rieter India. Commercial production for the expanded processing and spinning divisions is scheduled to commence by September 2026 and November 2026, respectively.
Confidence: HIGH
What changedThe company reported widened quarterly net losses while confirming delivery timelines for 11,040 new spindles and debt tie-up with Cosmos Bank.
Why it mattersOperational pressure has deepened losses, making the timely commissioning and ramp-up of the expanded spinning and processing facilities vital for financial recovery.
Revenue from operations (Q1): ₹2,498.08 LakhsNet Loss (Q1): ₹265.31 LakhsBasic EPS: ₹(9.67)Additional Spindles Ordered: 11,040Total Borrowings: ₹6,608.59 Lakhs
📅 Short termWeak earnings and expanded quarterly losses may weigh on sentiment, while delivery and installation of Rieter machinery remain near-term operational milestones.
📈 Long termSuccessful ramp-up of 11,040 additional spindles and composite fabric processing could scale topline, though high debt and interest costs remain structural risks.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution and commissioning delays for spinning and processing facilities
- High debt burden with over ₹66 cr in total borrowings
- Ongoing operational losses eroding equity base
Key Highlights
Q1 FY27 revenue from operations reached ₹2,498.08 lakh versus ₹2,465.85 lakh in Q1 FY26
Net loss widened significantly to ₹265.31 lakh compared to a loss of ₹34.36 lakh in the prior-year period
Ordered 11,040 additional spindles from Rieter India with delivery expected within one month
Targeting commercial operations for the expanded processing division by September 2026 and spinning by November 2026
Total borrowings stood at ₹6,608.59 lakh (₹2,362.10 lakh non-current and ₹4,246.49 lakh current) as of June 30, 2026
👀 What to Watch
Monitor whether commercial production commences on schedule in September and November 2026, and track if capacity additions aid profitability in subsequent quarters.
₹105 Cr New Order Win and ₹700 Cr Bidding Pipeline Strengthen FY27 Growth Visibility
Basilic Fly Studio (BFS) has announced new international order wins totaling ₹105 Cr (~GBP 8.2 Mn) for FY27, which accounts for approximately 30.7% of its TTM revenue of ₹342 Cr. These projects from major platforms like Netflix, Disney, and Apple are set to begin in August 2026 and be completed within the current fiscal year. The company's bidding pipeline has surged to a record ₹700 Cr, providing a massive potential growth runway compared to its current revenue base. BFS is also scaling its Bengaluru operations to 100 resources by March 2027 to optimize its cost structure by 30-40% through India-led delivery.
Confidence: HIGH
What changedThe company secured a major order block equivalent to 30% of last year's revenue and significantly expanded its potential project pipeline to over 2x its annual revenue.
Why it mattersThis provides strong revenue visibility for FY27 and validates the company's ability to win high-end niche projects from global streaming giants while maintaining a low-cost India-based delivery model.
New Order Value: ₹105 CrOrder vs TTM Revenue: ~30.7%Bidding Pipeline: ₹700 CrPipeline vs TTM Revenue: ~204.4%Bengaluru Resource Target: 100
📅 Short termThe stock is likely to see positive sentiment as the ₹105 Cr order win provides immediate revenue certainty for the current fiscal year.
📈 Long termThe massive ₹700 Cr pipeline and expansion into high-margin niche projects suggest a structural shift toward higher scale and profitability if execution remains consistent.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in scaling the Bengaluru center
- Dependency on global streaming platforms' production budgets
- Pricing pressure from overseas studios with excess capacity
Key Highlights
Won ₹105 Cr in new Hollywood projects from Netflix, Disney, and Apple for FY27 delivery.
Bidding pipeline reached a record ₹700 Cr, with 40% of active bids in advanced stages.
Bengaluru delivery center expansion on track to reach 100 resources by March 2027.
Total workforce now exceeds 850 professionals across Chennai, Pune, Vancouver, and London.
Project Hybrid cost-saving initiative for cloud infrastructure is in final user testing.
👀 What to Watch
Monitor the conversion rate of the ₹700 Cr bidding pipeline into firm contracts and the impact of 'Project Hybrid' on operating margins in the H2 FY27 results.
₹24.66 Cr Revenue: Girnar Spintex (ASIL) Q1 Revenue Grows 23%, Net Loss Narrows
Girnar Spintex (formerly Amit Spinning) reported a 23% YoY increase in revenue from operations to ₹24.66 crore for Q1 FY26. The company's net loss narrowed significantly to ₹34.36 lakhs from a loss of ₹75.50 lakhs in the same period last year. A key driver was the newly acquired fabric manufacturing unit (effective March 2025), which contributed approximately 68% of the total revenue. Despite the top-line growth, the company remains loss-making as total expenses rose to ₹26.09 crore, primarily due to a 72.5% increase in raw material costs.
Confidence: HIGH
What changedThe company has integrated a new fabric manufacturing unit acquired via stump sale, which has fundamentally shifted its revenue mix to be 68% fabric-driven.
Why it mattersThis represents a significant forward integration strategy into textile manufacturing, increasing the scale of operations, though the company has yet to reach a break-even point at the net level.
Revenue (Q1 FY26): ₹2,465.85 lakhsNet Loss (Q1 FY26): ₹34.36 lakhsFabric Unit Revenue Contribution: ~68%Material Cost YoY Increase: 72.5%EPS (Basic): ₹(1.25)
📅 Short termThe narrowing of losses and strong revenue growth from the new unit are positive signs, but the stock may remain range-bound until net profitability is achieved.
📈 Long termThe structural shift toward fabric manufacturing is a major pivot; long-term success depends on achieving economies of scale and managing volatile raw material inputs.
⚠ Risk flags
- Persistent net losses
- High raw material cost sensitivity
- Concentration of revenue in a newly acquired unit
Key Highlights
Revenue from operations increased 23.2% YoY to ₹2,465.85 lakhs from ₹2,000.54 lakhs.
Net loss narrowed by 54.5% YoY to ₹34.36 lakhs compared to ₹75.50 lakhs in Q1 FY25.
The new fabric manufacturing unit acquired in March 2025 contributed ~68% of total revenue this quarter.
Cost of materials consumed surged 72.5% YoY to ₹1,738.71 lakhs, impacting margins.
Appointed M/s. Shrenik Nagaonkar & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30).
👀 What to Watch
Monitor the company's ability to translate the high revenue contribution from the new fabric unit into net profitability and watch for stabilization in raw material costs.
ASIL Promoters Declare Zero Pledged Shares for FY Ended March 2026
Promoters Deepak Choudhari and Jitendrakumar Chopra of Girnar Spintex Industries Limited (formerly Amit Spinning Industries Limited) have declared that no equity shares were pledged or encumbered during the financial year ended March 31, 2026. The promoters collectively hold 29,04,969 shares, representing their entire stake in the company. The filing notes that while they are recognized as promoters by the Registrar of Companies following an NCLT resolution plan, administrative updates with CDSL and NSDL are still in progress. This disclosure confirms the absence of debt-related pressure on the promoter's equity holdings.
Key Highlights
Promoters declared zero encumbrance on 29,04,969 equity shares for the year ended March 31, 2026.
Individual holdings consist of Deepak Choudhari with 14,52,485 shares and Jitendrakumar Chopra with 14,52,484 shares.
The company was acquired under the Insolvency Resolution Process via an NCLT order dated July 31, 2018.
Formal recognition of the new promoters in CDSL and NSDL records is currently pending due to procedural issues.
👀 What to Watch
Investors should take confidence in the zero-pledge status of the promoters, which indicates financial stability. Monitor the stock for the eventual completion of depository record updates to reflect the new promoter structure.
Girnar Spintex FY26 Net Profit Rises 55% to ₹3.86 Cr; Q4 Profit Declines Sharply
Girnar Spintex Industries Limited (formerly Amit Spinning Industries) reported a 19.5% YoY increase in annual revenue to ₹125.84 crore for FY26. Full-year net profit grew significantly by 55% to ₹3.86 crore, up from ₹2.49 crore in FY25, with EPS rising to ₹14.05. However, the Q4 FY26 performance was notably weak, with net profit plunging to ₹16.80 lakhs from ₹2.45 crore in the previous year's corresponding quarter. The company successfully integrated a new fabric manufacturing unit and maintained an unmodified audit opinion.
Key Highlights
Annual total revenue increased to ₹125.84 crore in FY26 from ₹105.30 crore in FY25.
Full-year net profit rose 55% YoY to ₹3.86 crore, resulting in an EPS of ₹14.05.
Q4 FY26 net profit dropped sharply to ₹16.80 lakhs compared to ₹2.45 crore in Q4 FY25.
Finance costs for the full year increased to ₹5.53 crore from ₹4.37 crore in the previous year.
The company reported zero defaults on loans and debt securities as of March 31, 2026.
👀 What to Watch
Investors should weigh the strong full-year growth against the significant margin contraction observed in the final quarter. While the expansion into fabric manufacturing is a positive long-term driver, the sharp Q4 profit decline warrants a cautious approach until operational stability is demonstrated.
Girnar Spintex (ASIL) Delays FY26 Audited Financial Results Due to Incomplete Audit
Girnar Spintex Industries Limited (formerly Amit Spinning Industries) has failed to submit its audited financial results for the quarter and year ended March 31, 2026, within the regulatory timeline. The Board meeting originally scheduled for May 30, 2026, was adjourned to June 2, 2026, but the results could still not be finalized as the statutory audit process remains incomplete. The company cited pending information and audit procedures as the primary reasons for the delay. Management has stated that the results will be submitted immediately upon completion of the audit to ensure compliance with accounting standards.
Key Highlights
Board meeting for FY26 results originally scheduled for May 30, 2026, was adjourned due to pending information.
Reconvened meeting on June 2, 2026, failed to approve results as statutory audit procedures are still ongoing.
Company cited the non-availability of the final audit report as a key reason for the non-submission.
Management claims the delay is unintentional and necessary to ensure the accuracy of financial information.
The company is yet to provide a specific new date for the approval and submission of the FY26 results.
👀 What to Watch
Investors should exercise caution as delays in financial reporting can sometimes indicate internal control issues or disagreements with auditors. Monitor for the final audit report to see if there are any qualifications or significant adjustments compared to previous quarters.
Girnar Spintex Delays FY26 Audited Results; Board Meeting Adjourned to June 02, 2026
Girnar Spintex Industries Limited (formerly Amit Spinning Industries Limited) has announced a delay in the submission of its audited financial results for the fiscal year ended March 31, 2026. The Board of Directors met on May 30, 2026, but could not finalize the results due to pending audit procedures and missing critical information. The meeting has been adjourned and is now scheduled to reconvene on June 02, 2026. The company maintains that the delay is unintentional and necessary to ensure the accuracy of the financial statements.
Key Highlights
Audited financial results for FY ended March 31, 2026, delayed beyond the May 30 deadline.
Board meeting adjourned to June 02, 2026, due to incomplete audit-related procedures.
Delay caused by non-availability of certain critical information required for compliance.
Company emphasizes the delay is to ensure the highest standards of corporate governance.
👀 What to Watch
Investors should wait for the rescheduled announcement on June 02, 2026, to assess the company's financial health. Continued delays or qualified audit reports should be viewed as significant risk factors.
Girnar Spintex Q3 Results: Returns to Profit with ₹25.24 Lakhs Net vs Year-Ago Loss
Girnar Spintex (formerly Amit Spinning Industries) reported a significant turnaround in Q3 FY26, posting a net profit of ₹25.24 Lakhs compared to a loss of ₹124.77 Lakhs in the same quarter last year. Revenue from operations grew by 27.8% year-on-year to ₹3,074.60 Lakhs. For the nine-month period ending December 2025, the company achieved a total profit of ₹376.29 Lakhs, a sharp recovery from the ₹343.38 Lakhs loss in the previous year's corresponding period. The company continues to operate in a single business segment, Textiles, and reported no defaults on its loan obligations.
Key Highlights
Revenue from operations increased 27.8% YoY to ₹3,074.60 Lakhs in Q3 FY26.
Net Profit stood at ₹25.24 Lakhs for Q3 FY26, reversing a loss of ₹124.77 Lakhs in Q3 FY25.
9M FY26 performance shows a strong turnaround with a profit of ₹376.29 Lakhs vs a loss of ₹343.38 Lakhs YoY.
Earnings Per Share (EPS) improved to ₹0.92 from a negative ₹4.55 in the previous year's quarter.
Total assets as of December 31, 2025, were valued at ₹12,906.42 Lakhs.
👀 What to Watch
The company has successfully transitioned from losses to profitability over the last nine months, indicating operational improvements. Investors should monitor the sustainability of these margins and the company's ability to manage raw material costs in the textile sector.
Girnar Spintex (ASIL) Q3 FY25 Revenue Up 9.5% YoY; Net Loss Narrows to ₹1.25 Crore
Girnar Spintex Industries (formerly Amit Spinning Industries) reported a revenue of ₹24.06 crore for Q3 FY25, marking a 9.5% growth compared to ₹21.98 crore in Q3 FY24. The company's net loss narrowed significantly to ₹1.25 crore from a loss of ₹2.44 crore in the same period last year, indicating improved operational efficiency. However, the company remains loss-making at the bottom line with a negative EPS of ₹2.36 for the quarter. For the nine-month period ending December 2024, the cumulative loss stands at ₹3.43 crore on a total revenue of ₹69.94 crore.
Key Highlights
Revenue from operations increased to ₹2,406.24 lakhs in Q3 FY25 from ₹2,197.64 lakhs in Q3 FY24.
Net loss for the quarter narrowed to ₹124.77 lakhs compared to a loss of ₹244.24 lakhs in the year-ago quarter.
Total expenses for the quarter were ₹2,532.19 lakhs, with raw material costs accounting for ₹1,823.54 lakhs.
The company reported no defaults on loans or debt securities as of December 31, 2024.
Nine-month (9M FY25) revenue reached ₹6,991.54 lakhs with a total comprehensive loss of ₹343.38 lakhs.
👀 What to Watch
While the narrowing of losses and revenue growth are positive signs, investors should remain cautious as the company is still not profitable. Close attention should be paid to the 'Note 5' regarding unconfirmed trade payables and advances, which could lead to future adjustments.
