Gem Spinners India Ltd (521133)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Gem Spinners' revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a smaller loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | loss narrowed | loss widened |
| Net profit | ₹-0.1 | loss narrowed | loss widened |
| EPS (₹) | -0.02 | — | loss widened |
📢 Recent Corporate Announcements
Gem Spinners India Ltd informed the exchange that its Managing Director, Mr. R Veeramani, was remanded under police custody on the afternoon of Saturday, August 29, 2026. The company stated that the final outcome of the custody will be communicated as soon as known. Gem Spinners is a microcap company with a market cap of ₹37 crore and ₹0 crore TTM revenue, already operating under financial distress with a negative net worth of ₹-3 crore.
- Managing Director Mr. R Veeramani remanded under police custody on August 29, 2026
- Intimation submitted to the stock exchange on August 31, 2026
- Company stated final outcome will be intimated in due course
- Company reported zero revenue across recent quarters and TTM net loss of ₹0.41 crore
Gem Spinners India Ltd continues to report zero operational revenue for the quarter ended June 30, 2026, maintaining its status as a non-operational entity. The company recorded a net loss of Rs 11.74 lakhs, a slight improvement from the Rs 14.16 lakh loss in the same quarter of the previous year. Total expenses decreased to Rs 11.74 lakhs from Rs 14.16 lakhs YoY, primarily due to lower employee benefit and other expenses. The company's financial health remains critical with a negative net worth of Rs 3 crore and a statutory auditor note regarding the non-provisioning of impairment losses.
- Revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026.
- Net loss for the period stood at Rs 11.74 lakhs compared to a loss of Rs 14.16 lakhs in Q1 FY25.
- Total expenses for the quarter were Rs 11.74 lakhs, down from Rs 14.16 lakhs YoY.
- Employee benefit expenses decreased to Rs 2.60 lakhs from Rs 3.89 lakhs in the previous year's quarter.
- The 36th Annual General Meeting is scheduled for September 30, 2026, with a book closure starting September 24, 2026.
Gem Spinners India reported nil revenue from operations for the first quarter ended June 30, 2026, consistent with prior quarters. Net loss for Q1 FY27 stood at Rs 11.74 lakh compared to a loss of Rs 8.78 lakh in Q4 FY26 and Rs 14.16 lakh in Q1 FY26. Total expenses for the quarter were Rs 11.74 lakh, comprising employee benefits of Rs 2.60 lakh, depreciation of Rs 3.90 lakh, and other expenses of Rs 5.24 lakh. The company also scheduled its 36th Annual General Meeting for September 30, 2026.
- Revenue from operations remained at Rs 0.00 lakh for Q1 FY27
- Net loss for the quarter came in at Rs 11.74 lakh versus Rs 14.16 lakh in Q1 FY26
- Total expenses stood at Rs 11.74 lakh, including depreciation of Rs 3.90 lakh and employee costs of Rs 2.60 lakh
- 36th AGM scheduled for September 30, 2026, with an e-voting cut-off date of September 23, 2026
Gem Spinners India Ltd has scheduled a board meeting on August 14, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of Rs -3 Cr and zero revenue reported over the last four quarters. Investors should note the micro-cap status (Rs 41 Cr market cap) and consistent quarterly net losses of approximately Rs 0.09 Cr to Rs 0.14 Cr. The upcoming results will be scrutinized for any signs of operational restart or revenue generation.
- Board meeting scheduled for August 14, 2026, at 11:30 a.m. in Chennai
- Agenda focuses on approving unaudited financial results for the quarter ended June 30, 2026
- Company reported Rs 0.0 Cr revenue for the entire FY26 and FY25
- Net worth remains negative at Rs -3 Cr as per latest financial context
- Promoter holding has remained stable at 72.86% through March 2026
Financial Performance
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