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Note: These are AI-generated, educational summaries of public NSE
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18 announcements match the current filters (relevance ≥ 5).
Pashupati Cotspin Approves 3:2 Bonus Share Issue; Paid-up Capital to Expand to Rs 39.46 Cr
Pashupati Cotspin's Board has approved a 3:2 bonus share issue, offering 3 bonus equity shares for every 2 held as of the record date. The bonus issue requires capitalizing Rs 23.68 Cr from available audited free reserves of Rs 148.32 Cr as of March 31, 2026. Consequently, paid-up share capital will expand from Rs 15.78 Cr to up to Rs 39.46 Cr, alongside an increase in authorized share capital to Rs 40 Cr. The bonus shares are estimated to be credited or dispatched on or before December 2, 2026, subject to shareholder approval via postal ballot.
Confidence: HIGH
What changedThe Board recommended a 3:2 bonus issue and approved raising the authorised share capital from Rs 16 Cr to Rs 40 Cr.
Why it mattersThe bonus issue increases share liquidity and expands paid-up capital without any cash outflow or operational business change.
Bonus Ratio: 3:2Reserves to be Capitalized: Rs. 23,67,60,000/-Available Free Reserves: Rs. 1,48,31,85,283/-Post-Bonus Paid-up Capital: Rs. 39,46,00,000/-Capitalized reserves vs Net worth: ~14.4%
📅 Short termShare count will increase 2.5x post-bonus, which will proportionally adjust the stock price and improve trading liquidity after the record date.
📈 Long termLimited; bonus issues are accounting capital adjustments and do not alter company fundamentals or earnings generation capacity.
⚠ Risk flags
- Shareholder approval pending via postal ballot
Key Highlights
Approved bonus share issue in the ratio of 3:2 (3 bonus shares for every 2 shares held)
Paid-up share capital to expand from Rs 15.78 Cr (15.78 Cr shares) to up to Rs 39.46 Cr (39.46 Cr shares)
Utilizing up to Rs 23.68 Cr out of total audited free reserves of Rs 148.32 Cr as of March 31, 2026
Authorised share capital increased from Rs 16.00 Cr to Rs 40.00 Cr
Estimated dispatch and credit of bonus shares on or before December 2, 2026
👀 What to Watch
Track the outcome of the postal ballot e-voting for shareholder approval and watch for the subsequent announcement of the record date.
Pashupati Cotspin Q1 FY27: Net Profit Surges 256% YoY to ₹7.24 Cr; Revenue Up 15%
Pashupati Cotspin reported a strong start to FY27 with standalone revenue rising 15.1% YoY to ₹122.11 Cr. Net profit saw a substantial increase of 256.6% YoY, reaching ₹7.24 Cr, driven by significant margin expansion as total expenses grew only 7.4% despite the revenue jump. The company also transitioned its Company Secretary and Compliance Officer role, appointing Ms. Kratika Soni. Investors should note that EPS figures are now adjusted for the 10:1 stock split executed in April 2026.
Confidence: HIGH
What changedPashupati Cotspin reported its Q1 FY27 financial results and appointed a new Company Secretary and Compliance Officer following a resignation.
Why it mattersThe sharp increase in profitability and margin expansion is significant for a company in the low-margin textile segment (TTM OPM 3.8%), suggesting improved operational efficiency or better realizations.
Standalone Revenue (Q1 FY27): ₹122.11 CrStandalone Net Profit (Q1 FY27): ₹7.24 CrYoY Profit Growth: 256.6%PBT Margin: 7.8%Stock Split Ratio: 10:1
📅 Short termThe stock may see positive momentum due to the significant bottom-line beat and margin improvement compared to the previous year's quarter.
📈 Long termStructural improvement in margins and the shift toward a lower-debt model could lead to a re-rating if growth targets of 15-20% are consistently met.
⚠ Risk flags
- Seasonality (Q1 is off-peak for cotton ginning)
- Commodity price volatility affecting yarn realizations
- High dependency on the Gujarat textile cluster
Key Highlights
Standalone Net Profit increased to ₹7.24 Cr from ₹2.03 Cr in the same quarter last year.
Revenue from operations grew 15.1% YoY to ₹122.11 Cr compared to ₹106.08 Cr in Q1 FY26.
Profit Before Tax (PBT) margin expanded to 7.8% from 2.6% in the year-ago period.
Earnings Per Share (EPS) for the quarter stood at ₹0.46, restated for the 10:1 stock split.
Consolidated revenue from two LLP subsidiaries (Pashupati Cotyarn and Sarjak Infra) totaled ₹17.05 Cr for the quarter.
👀 What to Watch
Monitor the sustainability of these improved margins as the company enters the peak cotton season starting October. Watch for updates on the transition to internal accrual-funded growth as mentioned in the company's strategy.
Pashupati Cotspin Q1 Net Profit Jumps 256% YoY to ₹7.24 Cr; Margins Expand Significantly
Pashupati Cotspin reported a strong start to FY27 with standalone net profit rising 256.6% YoY to ₹7.24 Cr for the quarter ended June 30, 2026. Revenue from operations grew 15.1% YoY to ₹122.11 Cr, despite the quarter being a seasonally slow period for the ginning business. Profitability was bolstered by a significant expansion in Profit Before Tax (PBT) margins, which rose to 7.6% from 2.5% in the year-ago quarter. The company also completed a 10-for-1 stock split during the period, with the record date being April 17, 2026.
Confidence: HIGH
What changedThe company has delivered a significant bottom-line beat with sharp margin expansion and successfully transitioned its Company Secretary and Compliance Officer.
Why it mattersFor a commodity-linked textile business, the jump in PBT margins from 2.5% to 7.6% suggests either a shift toward higher-value products or improved operational efficiencies, which is critical for long-term value creation.
Standalone Revenue (Q1 FY27): ₹122.11 CrStandalone Net Profit (Q1 FY27): ₹7.24 CrYoY Profit Growth: 256.6%PBT Margin: 7.6%Q1 Profit vs TTM PAT: ~72%
📅 Short termThe stock is likely to react positively to the substantial YoY and QoQ profit growth, especially as the quarterly profit represents a large portion of the previous full year's earnings.
📈 Long termIf the company can maintain these higher margins through the full cotton cycle, it may lead to a structural re-rating of the stock from its current P/E of 25.6.
⚠ Risk flags
- Seasonality (ginning business is primarily Oct-Apr)
- Commodity price volatility in raw cotton
- High debt relative to annual PAT (₹92 Cr debt vs ₹10 Cr TTM PAT)
Key Highlights
Standalone Net Profit surged 256.6% YoY to ₹7.24 Cr from ₹2.03 Cr in the previous year's quarter.
Revenue from operations increased 15.1% YoY to ₹122.11 Cr compared to ₹106.08 Cr in Q1 FY26.
Profit Before Tax (PBT) reached ₹9.54 Cr, a 243% increase over the ₹2.78 Cr reported in the same period last year.
Earnings Per Share (EPS) for the quarter stood at ₹0.46, restated for the 10-for-1 stock split completed in April 2026.
Consolidated results include two LLPs (Pashupati Cotyarn and Sarjak Infra) contributing ₹17.05 Cr in revenue.
👀 What to Watch
Watch for the sustainability of these improved margins as the company enters its peak ginning season (October to April) and monitor the progress of its 'Pashupati' brand in international markets.
Pashupati Cotspin Q1 Net Profit Jumps 256% YoY to ₹7.24 Cr; Revenue Up 15%
Pashupati Cotspin reported a strong year-on-year performance for Q1 FY27, with standalone revenue growing 15.1% to ₹122.11 Cr compared to ₹106.08 Cr in Q1 FY26. Net profit surged 256.6% YoY to ₹7.24 Cr, driven by improved operational margins despite a sequential revenue decline of 24% from Q4 FY26. The company completed a 10-for-1 stock split in April 2026, with the current EPS standing at ₹0.46. Management also announced a change in the Company Secretary and Compliance Officer roles.
Confidence: HIGH
What changedThe company reported its first-quarter results for FY27 showing significant margin expansion and finalized a management change in its compliance department.
Why it mattersThe sharp increase in profitability relative to revenue suggests better procurement strategies or higher value-addition, which is critical for a company in the commodity-linked textile sector.
Q1 Net Profit: ₹7.24 CrYoY Profit Growth: 256.6%Q1 Revenue: ₹122.11 CrFinance Cost: ₹3.85 CrRestated EPS (Q1): ₹0.46
📅 Short termThe stock is likely to react positively to the triple-digit bottom-line growth, although investors should note the sequential revenue dip.
📈 Long termThe company's shift toward internal accruals for growth and brand stabilization in international markets remains the primary structural driver.
⚠ Risk flags
- Seasonality of business (Oct-Apr focus)
- Sensitivity to raw cotton price volatility
- Rising finance costs
Key Highlights
Standalone Net Profit increased to ₹7.24 Cr from ₹2.03 Cr in the same quarter last year, a 256% jump.
Revenue from operations grew 15.1% YoY to ₹122.11 Cr from ₹106.08 Cr.
Earnings Per Share (EPS) for the quarter rose to ₹0.46, compared to a restated ₹0.13 in Q1 FY26.
Finance costs rose to ₹3.85 Cr from ₹3.29 Cr in the previous year's corresponding quarter.
The company transitioned its Company Secretary role from Ms. Tanvi Patel to Ms. Kratika Soni effective August 5, 2026.
👀 What to Watch
Monitor the company's ability to maintain these higher margins as the peak cotton ginning season (October to April) approaches, which typically drives higher volumes.
6.42% Stake Acquired by Craft Emerging Market Fund in Pashupati Cotspin via Open Market
Craft Emerging Market Fund PCC, through its Citadel and Elite Capital funds, has disclosed the acquisition of a 6.42% stake in Pashupati Cotspin Limited. The acquisition involved 1,01,32,543 shares purchased through the open market. While the transaction date is listed as February 2025, the formal disclosure was signed in June 2026. This institutional entry comes at a time when the company's stock has faced significant downward pressure, losing over 90% of its value in the last three months.
Confidence: HIGH
What changedCraft Emerging Market Fund has emerged as a substantial shareholder with a 6.42% stake in the company.
Why it mattersInstitutional participation in a small-cap textile firm (Market Cap ₹276 Cr) typically improves liquidity and can signal external confidence in the company's underlying value despite recent market volatility.
Shares Acquired: 1,01,32,543Percentage Stake: 6.42%Total Voting Capital: 15,78,40,000 sharesTransaction Date: February 2025Market Cap: ₹276 Cr
📅 Short termThe disclosure of institutional buying may provide a sentiment floor for the stock, which has seen extreme price erosion recently.
📈 Long termInstitutional presence can lead to improved governance and visibility; however, the company's performance remains tied to the cyclical cotton yarn industry and its high debt levels (₹92 Cr).
⚠ Risk flags
- Significant delay in regulatory disclosure (over 15 months)
- Extreme recent stock price volatility (-91.2% in 3 months)
- Commodity price risk in the cotton segment
Key Highlights
Acquisition of 1,01,32,543 equity shares representing 6.42% of the company.
Transaction executed via open market purchases by Craft Emerging Market Fund PCC.
Total share capital of the company stands at 15,78,40,000 shares.
Acquirer is a non-promoter entity, maintaining the promoter holding at approximately 66%.
👀 What to Watch
Investors should monitor if this institutional investor maintains or increases its position and watch for any further disclosures regarding the significant delay between the transaction date (Feb 2025) and the filing date (June 2026).
Pashupati Cotspin Revises FY26 Results; Net Profit at ₹1,038.88 Lakhs with No Change to Bottom Line
Pashupati Cotspin Limited has re-submitted its audited financial results for the quarter and year ended March 31, 2026, to correct clerical errors in classification and grouping. The revisions primarily affected the 'Cost of Materials Consumed' and 'Purchase of Stock-in-Trade' line items due to casting errors, but the company confirmed there is zero impact on profitability, cash flows, or net worth. For the full year FY26, the company reported a standalone total income of ₹66,588.47 lakhs and a net profit of ₹1,038.88 lakhs, down from ₹1,410.97 lakhs in FY25. Additionally, the company has restated its EPS to ₹0.66 to account for a 10-for-1 stock split effective April 2026.
Key Highlights
FY26 standalone total income increased to ₹66,588.47 lakhs from ₹65,081.93 lakhs in the previous year.
Net profit for FY26 stood at ₹1,038.88 lakhs, representing a year-on-year decline of approximately 26% compared to FY25.
Revisions were restricted to classification and grouping errors and did not alter the reported earnings per share (EPS) or net worth.
The company successfully migrated to the Main Board of NSE and BSE in July 2025 and adopted Ind AS reporting.
Equity shares were sub-divided from a face value of ₹10 to ₹1, with the record date set as April 17, 2026.
👀 What to Watch
Investors should treat this revision as a routine clerical correction and focus on the underlying year-on-year margin compression despite revenue growth. The stock split and migration to the main board may improve liquidity, but the decline in annual profit warrants a cautious outlook on operational efficiency.
Pashupati Cotspin Recommends Final Dividend of ₹0.05 Per Share for FY 2025-26
The Board of Directors of Pashupati Cotspin Limited has recommended a final dividend of ₹0.05 per equity share for the financial year ended March 31, 2026. This dividend represents 5% of the paid-up equity share capital, based on a face value of ₹1 per share. The recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be disbursed within 30 days from the date of the AGM declaration.
Key Highlights
Recommended final dividend of ₹0.05 per equity share for FY 2025-26
Dividend rate is 5% on the paid-up equity share capital
Equity shares have a face value of ₹1.00 each
Payment to be processed within 30 days of shareholder approval at the AGM
👀 What to Watch
Investors should monitor the announcement of the AGM date and the subsequent record date to ensure eligibility for the dividend. While the absolute dividend amount is small, it reflects the company's commitment to maintaining a payout to shareholders.
Pashupati Cotspin FY26 Revenue Up 3% to ₹655.9 Cr; Net Profit Declines to ₹10.4 Cr
Pashupati Cotspin reported a modest 3% annual revenue growth to ₹655.89 crore for FY26, though standalone net profit dropped 26% YoY to ₹10.39 crore. For Q4 FY26, revenue stood at ₹160.28 crore, showing growth over both the previous quarter and the same period last year. However, Q4 net profit saw a significant decline to ₹1.62 crore compared to ₹7.19 crore in Q4 FY25, primarily due to higher tax expenses and material costs. The board recommended a final dividend of ₹0.05 per share following a recent stock split.
Key Highlights
Annual revenue from operations increased to ₹65,589.22 lakhs in FY26 from ₹63,670.28 lakhs in FY25.
Standalone Net Profit for FY26 decreased to ₹1,038.89 lakhs compared to ₹1,410.97 lakhs in the previous year.
The company recommended a final dividend of ₹0.05 per equity share (5% of face value ₹1).
Q4 FY26 revenue grew 25.7% YoY to ₹16,027.58 lakhs, but net profit fell by 77.4% YoY.
The company successfully migrated to the Main Board of NSE and BSE and adopted Ind AS during the year.
👀 What to Watch
Investors should monitor the company's margin performance as profit declined significantly despite revenue growth, suggesting rising input costs. The stock split and migration to the main board may improve liquidity, but bottom-line recovery is key.
Pashupati Cotspin FY26 Revenue Rises to ₹655.89 Cr; Net Profit Declines 26% to ₹10.39 Cr
Pashupati Cotspin Limited reported a 3% year-on-year growth in annual revenue for FY26, reaching ₹65,589.22 lakhs. However, the company faced significant margin pressure, with annual net profit dropping to ₹1,038.89 lakhs from ₹1,410.97 lakhs in FY25. For Q4 FY26, while revenue grew 25.7% YoY to ₹16,027.58 lakhs, net profit saw a sharp decline compared to the same quarter last year. The board has recommended a final dividend of ₹0.05 per share following a recent stock split.
Key Highlights
Annual revenue from operations increased by 3% to ₹65,589.22 lakhs in FY26.
Net profit for the full year FY26 decreased by approximately 26.4% to ₹1,038.89 lakhs.
Recommended a final dividend of ₹0.05 per equity share (5% on face value of ₹1).
Q4 FY26 revenue showed sequential growth of 8.5% over Q3 FY26, reaching ₹16,027.58 lakhs.
The company completed its transition to Indian Accounting Standards (Ind AS) and migration to the Main Board during the year.
👀 What to Watch
Investors should exercise caution as the company is struggling to translate revenue growth into bottom-line profits due to rising operational costs. Monitor the impact of the recent stock split on liquidity and watch for margin stabilization in the upcoming quarters.
Pashupati Cotspin Completes 1:10 Stock Split; Shares Credited to Demat Accounts
Pashupati Cotspin Limited has successfully executed the sub-division of its equity shares from a face value of Rs. 10 to Re. 1. The company confirmed that the sub-divided shares were credited to the demat accounts of eligible shareholders on April 18, 2026. Following this corporate action, the total number of paid-up equity shares has increased from approximately 1.57 crore to 15.78 crore. The shares have been trading under the new ISIN INE124Y01028 since the record date of April 17, 2026.
Key Highlights
Stock split ratio of 1:10, reducing face value from Rs. 10 to Re. 1 per share
Total issued and paid-up share capital increased to 15,78,40,000 shares from 1,57,84,000 shares
Sub-divided shares were credited to shareholder demat accounts on April 18, 2026
Authorized share capital adjusted to 16,00,00,000 shares of Re. 1 each
New ISIN for trading is INE124Y01028, effective from the record date of April 17, 2026
👀 What to Watch
Investors should verify their demat statements to ensure the correct number of shares (10x previous holding) has been credited. No further action is required as the stock is already trading at the adjusted price and face value.
Pashupati Cotspin Sets April 17, 2026, as Record Date for 1:10 Stock Split
Pashupati Cotspin Limited has officially fixed April 17, 2026, as the record date for its upcoming stock split. The company will subdivide each existing equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each. This corporate action is intended to enhance market liquidity and make the shares more accessible to retail investors. Shareholders on the company's books as of the record date will see their shareholding count increase tenfold, while the share price will adjust proportionally on the ex-split date.
Key Highlights
Record date for the stock subdivision is fixed for Friday, April 17, 2026.
Stock split ratio is 1:10, turning 1 share of ₹10 face value into 10 shares of ₹1 face value.
The board meeting confirming the record date was held on March 31, 2026.
The move aims to improve the liquidity of the company's shares in the secondary market.
👀 What to Watch
Existing shareholders will automatically receive the additional shares in their demat accounts after the record date. No action is required, but investors should expect the share price to adjust downward by a factor of 10 on the ex-date.
Pashupati Cotspin Shareholders Approve Stock Split and MoA Amendment
Pashupati Cotspin Limited has announced that its shareholders have approved a sub-division (stock split) of equity shares through a postal ballot process. The resolution was passed with 100% of the 7,414,800 votes cast being in favor of the split. Additionally, shareholders approved the necessary amendments to the Capital Clause of the Memorandum of Association. The voting results represent approximately 46.98% of the total outstanding shares of the company.
Key Highlights
Shareholders approved the sub-division (split) of equity shares with 100% of valid votes in favor.
A total of 7,414,800 votes were polled, representing 46.98% of the 15,784,000 total outstanding shares.
Promoter and Promoter Group cast 7,378,600 votes in favor, representing 70.84% of their total shareholding.
The resolution to amend the Memorandum of Association to reflect the new capital structure was also passed unanimously by voters.
The resolutions are deemed to have been passed on March 29, 2026, the final date of the e-voting period.
👀 What to Watch
Investors should monitor for the upcoming announcement of the record date for the stock split, which is expected to enhance liquidity and retail participation. No immediate action is required until the split ratio and record date are finalized by the board.
Pashupati Cotspin Announces 1:10 Stock Split; Face Value to Reduce from ₹10 to ₹1
Pashupati Cotspin Limited has issued a postal ballot notice to seek shareholder approval for a 1:10 stock split. The proposal involves sub-dividing each equity share of face value ₹10 into ten equity shares of face value ₹1 each to improve liquidity and retail participation. The voting period for this resolution is scheduled from February 28 to March 29, 2026, with results expected by March 31, 2026. The total authorized share capital will remain at ₹16 crore, but the number of shares will increase tenfold.
Key Highlights
Proposed sub-division of equity shares from a face value of ₹10 to ₹1 per share.
Total authorized share capital of ₹16,00,00,000 to be divided into 16,00,00,000 shares.
Paid-up capital of ₹15,78,40,000 will consist of 15,78,40,000 shares post-split.
Remote e-voting period runs from February 28, 2026, to March 29, 2026.
Cut-off date for eligibility to vote was February 20, 2026.
👀 What to Watch
Investors should monitor the announcement of the Record Date following shareholder approval to understand when the split will reflect in their portfolios. The split is likely to increase trading liquidity and make the stock more accessible to retail investors.
Pashupati Cotspin Approves 1:10 Stock Split to Boost Liquidity
Pashupati Cotspin's Board of Directors has approved a sub-division of its equity shares from a face value of Rs. 10 to Re. 1 per share. This 1:10 split is intended to make the shares more affordable for retail investors and enhance market liquidity. The total paid-up share capital remains unchanged at Rs. 15.78 crore, while the number of shares will increase tenfold to 15.78 crore. The company expects to complete the process within 2 to 2.5 months, pending shareholder and regulatory approvals.
Key Highlights
Approved sub-division of 1 equity share of Rs. 10 into 10 equity shares of Re. 1 each
Total issued and paid-up shares to increase from 1,57,84,000 to 15,78,40,000
Total paid-up share capital remains constant at Rs. 15,78,40,000
The split is expected to be completed within a tentative timeline of 2 to 2.5 months
Rationale is to enhance market liquidity and broaden shareholder participation
👀 What to Watch
Investors should monitor the announcement of the record date to ensure eligibility for the additional shares. While the split increases the number of shares held, the total investment value remains unchanged as the share price will adjust proportionally.
Pashupati Cotspin Approves 1:10 Stock Split to Boost Liquidity
Pashupati Cotspin's Board has approved a sub-division of its equity shares from a face value of Rs. 10 to Re. 1 per share, effectively a 1:10 split. This corporate action will increase the total number of issued shares from 1,57,84,000 to 15,78,40,000 while keeping the total paid-up capital constant at Rs. 15.78 crore. The move is intended to make the shares more affordable for retail investors and enhance market liquidity. The process is expected to be completed within 2 to 2.5 months, pending shareholder approval via postal ballot.
Key Highlights
Stock split ratio of 1:10, reducing face value from Rs. 10 to Re. 1 per share
Total number of issued and paid-up shares to increase from 1.57 crore to 15.78 crore
Authorized share capital to be restructured to 16,00,00,000 shares of Re. 1 each
Expected completion timeline of 2 to 2.5 months from the date of approvals
Primary objective is to enhance market liquidity and broaden the shareholder base
👀 What to Watch
Investors should recognize that a stock split does not change the company's valuation or their proportional ownership, but it may improve trading volumes. Monitor for the announcement of the record date following shareholder approval.
Pashupati Cotspin Q3 PAT Jumps 238% YoY to ₹2.69 Cr Despite Revenue Dip
Pashupati Cotspin reported a standalone Profit After Tax (PAT) of ₹269.12 Lakhs for Q3 FY26, a significant increase from ₹79.61 Lakhs in the same quarter last year. However, revenue from operations declined by 10.2% YoY to ₹14,768.57 Lakhs. On a nine-month basis, PAT grew to ₹876.57 Lakhs compared to ₹691.79 Lakhs in the previous year, showing improved margins. The company noted that its cotton ginning business is seasonal, typically peaking between October and April, making sequential comparisons less relevant.
Key Highlights
Net Profit for Q3 FY26 surged 238% YoY to ₹2.69 Crore from ₹0.80 Crore in Q3 FY25.
Revenue from operations for the quarter stood at ₹147.69 Crore, down from ₹164.54 Crore YoY.
Nine-month (9M FY26) PAT increased to ₹8.77 Crore against ₹6.92 Crore in 9M FY25.
Total expenses for Q3 FY26 decreased significantly to ₹147.74 Crore compared to ₹165.93 Crore in Q3 FY25.
Basic EPS for the quarter improved to ₹1.71 from ₹0.51 in the corresponding previous quarter.
👀 What to Watch
The significant improvement in bottom-line margins despite lower revenue suggests better operational efficiency or favorable raw material pricing. Investors should monitor the seasonal performance in Q4, which is typically a peak period for the ginning business, to see if this margin expansion is sustainable.
Pashupati Cotspin Q3 Net Profit Surges 238% YoY to ₹2.69 Crore
Pashupati Cotspin reported a significant 238% year-on-year increase in net profit to ₹269.12 lakhs for the quarter ended December 31, 2025, despite a 10.2% dip in revenue from operations to ₹14,768.57 lakhs. The company's profitability improved substantially due to better cost management, with finance costs reducing by 38% YoY to ₹223.41 lakhs. For the nine-month period, net profit rose 26.7% to ₹876.57 lakhs compared to the previous year. The company recently migrated to the main board of NSE and BSE in July 2025 and is now reporting under Ind AS standards.
Key Highlights
Net profit for Q3 FY26 jumped 238% YoY to ₹269.12 lakhs from ₹79.61 lakhs in the previous year.
Revenue from operations decreased by 10.2% YoY to ₹14,768.57 lakhs compared to ₹16,453.95 lakhs.
Finance costs saw a sharp decline of 38% YoY, falling to ₹223.41 lakhs from ₹360.01 lakhs.
Nine-month net profit reached ₹876.57 lakhs, up from ₹691.79 lakhs in the corresponding period of the previous year.
The company successfully migrated from the SME platform to the Main Board of NSE and BSE on July 17, 2025.
👀 What to Watch
Investors should focus on the company's improved margins and significant reduction in interest expenses, which are driving bottom-line growth despite flat revenue. Monitor the upcoming peak seasonal performance as the cotton ginning business typically accelerates between October and April.
Pashupati Cotspin Credit Rating Upgraded to IVR BBB-/Stable for Rs 125.92 Cr Bank Facilities
Infomerics has upgraded Pashupati Cotspin's long-term credit rating to IVR BBB-/Stable and short-term rating to IVR A3. The upgrade is primarily driven by a significant improvement in the company's capital structure, with the overall gearing ratio dropping from 2.56x in FY24 to 0.85x in FY25. While FY25 revenue saw a marginal decline of 2.14% to Rs 646.96 crore, the PAT margin improved from 1.24% to 1.98%. The company maintains adequate liquidity with gross cash accruals of Rs 26 crore against debt repayments of Rs 23.22 crore.
Key Highlights
Long-term rating upgraded to IVR BBB-/Stable from IVR BB+/Stable for facilities worth Rs 114.92 crore.
Overall gearing ratio improved significantly to 0.85x in FY25 from 2.56x in FY24 due to reduced debt reliance.
PAT margin increased to 1.98% in FY25 from 1.24% in FY24, despite a slight dip in total operating income.
H1FY26 provisional revenue reported at Rs 347.93 crore with a PAT of Rs 6.07 crore.
Tangible Net Worth strengthened to Rs 119.93 crore as of March 31, 2025, compared to Rs 76.39 crore in the previous year.
👀 What to Watch
The credit upgrade signals a stronger balance sheet and reduced financial risk, which is a positive development for long-term investors. Monitor the company's ability to maintain these improved margins and manage working capital in the cyclical textile industry.
