Sri Lakshmi Saraswathi Textiles Arni Ltd (521161)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sri Lakshmi's revenue was ₹20.7 Cr (-5.8% year on year, -0.3% on the previous quarter), and net profit ₹-5.5 Cr (a bigger loss than a year earlier); the operating margin was -8.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹20.7 | -5.8% | -0.3% |
| Operating profit | ₹-1.8 | loss narrowed | loss widened |
| Net profit | ₹-5.5 | loss widened | loss widened |
| EPS (₹) | -16.56 | loss widened | loss widened |
| Operating margin | -8.8% | — | — |
📢 Recent Corporate Announcements
Sri Lakshmi Saraswathi Textiles filed its Q1 FY27 integrated financials along with management clarifications on qualified audit opinions. The company reported a net loss of ₹5.52 crore (₹551.84 lakhs) for Q1 ended June 30, 2026, taking accumulated losses to ₹105.14 crore. Auditors flagged material uncertainty over going concern, noting that the actual net worth is negative at (-)₹85.10 crore after excluding ₹210.71 crore in revaluation reserves. The report also highlighted persistent defaults in remitting statutory dues including ₹1.40 crore in EPF principal, ₹22.83 lakhs in TDS/TCS, and ₹5.24 lakhs in ESI.
- Q1 net loss stood at ₹551.84 lakhs, with accumulated losses reaching ₹10,514.05 lakhs as of March 31, 2026
- Actual net worth is negative at (-)₹85.10 crore, calculated by excluding ₹210.71 crore of revaluation reserve from other equity
- Auditors issued qualified opinion for defaults in statutory dues including ₹140.17 lakhs unpaid EPF principal, ₹22.83 lakhs TDS/TCS, and ₹5.24 lakhs ESI
- Unconfirmed capital advances of ₹21.40 lakhs and ₹13.18 lakhs for machinery purchases have remained outstanding for over 3 years
Sri Lakshmi Saraswathi Textiles reported a net loss of Rs 5.52 crore for Q1 FY27, continuing a trend of persistent losses. The statutory auditors have issued a qualified opinion, citing a 'Material Uncertainty Related to Going Concern' due to accumulated losses of Rs 105.14 crore and a negative net worth. The company is also in default of significant statutory dues, including Rs 1.49 crore in Provident Fund (EPF) and Rs 22.83 lakh in TDS/TCS. Management is banking on cost-control measures and new Free Trade Agreements (FTAs) for a potential turnaround.
- Reported a net loss of Rs 5.52 crore for the quarter ended June 30, 2026.
- Accumulated losses stood at Rs 105.14 crore as of March 31, 2026, resulting in negative net worth.
- Outstanding Employees' Provident Fund (EPF) dues of Rs 1.49 crore for the period August 2024 to June 2026.
- Unpaid TDS and TCS obligations totaling Rs 22.83 lakh for the period May 2025 to June 2026.
- Capital advances of Rs 34.58 lakh for machinery have remained outstanding for more than three years without confirmation.
Sri Lakshmi Saraswathi Textiles reported a net loss of Rs 5.52 Cr for Q1 FY27, contributing to accumulated losses of Rs 105.14 Cr as of March 2026. Statutory auditors have issued a qualified opinion regarding the company's ability to continue as a 'Going Concern' due to persistent losses and negative net worth. The company is also in significant default on statutory dues, including Rs 1.49 Cr in Provident Fund (EPF) and Rs 22.83 Lakhs in TDS/TCS. Management is banking on cost-control measures and potential benefits from new Free Trade Agreements (FTAs) to stabilize operations.
- Net loss of Rs 5.52 Cr reported for the quarter ended June 30, 2026.
- Accumulated losses stood at Rs 105.14 Cr as of March 31, 2026, resulting in negative net worth.
- Outstanding Employees' Provident Fund (EPF) dues of Rs 1.49 Cr for the period August 2024 to June 2026.
- Unpaid TDS and TCS aggregating to Rs 22.83 Lakhs outstanding since May 2025.
- Capital advances of Rs 34.58 Lakhs for machinery have remained unconfirmed for over three years.
Sri Lakshmi Saraswathi Textiles Arni Ltd has scheduled a board meeting for August 12, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is currently under significant financial pressure, reporting a TTM net loss of ₹16 crore on revenue of ₹87 crore. With a market capitalization of only ₹10 crore and a high debt of ₹59 crore, these results are critical for assessing liquidity and operational viability. The operating profit margin remains negative at -8.7%, reflecting ongoing structural challenges in the business.
- Board meeting scheduled for August 12, 2026, to approve Q1 results
- Company reported a net loss of ₹3.79 crore in the most recent quarter ended March 2026
- TTM revenue stands at ₹87 crore, down from ₹100 crore in FY25
- Debt levels are high at ₹59 crore compared to a market cap of only ₹10 crore
- Operating profit margin (OPM) was -8.7% for the trailing twelve months
Sri Lakshmi Saraswathi Textiles Arni Ltd has announced its 62nd Annual General Meeting (AGM) with a book closure period from August 20, 2026, to August 26, 2026. This is a routine administrative filing required under SEBI regulations. The company remains in a financially stressed position with a TTM net loss of ‹16 Cr against a small market capitalization of ‹10 Cr. Investors should look for the full annual report and AGM proceedings for any turnaround plans regarding its negative operating margins (-8.7%).
- 62nd Annual General Meeting (AGM) scheduled for the company.
- Book closure period set from August 20, 2026, to August 26, 2026.
- Company reports a TTM revenue of ‹87 Cr with a significant net loss of ‹16 Cr.
- Debt levels remain high at ‹59 Cr relative to a ‹10 Cr market capitalization.
- Promoter holding has remained steady at 55.09% as of June 2026.
Sri Lakshmi Saraswathi Textiles (SLST) has released its FY26 Annual Report, proposing a major strategic shift by amending its Memorandum of Association to include real estate, construction, and warehousing. The company continues to face severe financial stress with a TTM net loss of Rs 16 crore and a negative operating margin of 8.7%. Despite a small market cap of Rs 10 crore, the company reports a net worth of Rs 129 crore following a significant asset revaluation. Investors should note the inventory turnover dropped by 26% in FY26, reflecting declining textile production.
- Proposed amendment to MOA to enter Real Estate, Warehousing, and Construction businesses
- Net Worth stands at Rs 129 Cr against a Market Cap of only Rs 10 Cr, driven by asset revaluation
- Inventory turnover ratio declined by 26% due to decreased production volumes
- TTM Net Loss of Rs 16 Cr on a revenue base of Rs 87 Cr
- Debt remains high at Rs 59 Cr with a Debt Service Coverage Ratio of -7.45 in the previous period
Sri Lakshmi Saraswathi Textiles (SLST) has scheduled its 62nd AGM for August 26, 2026, where it will seek shareholder approval for a major strategic shift. The company proposes amending its Memorandum of Association to include real estate, construction, and warehousing as main business objects. This move comes as the company faces severe operational stress, with a TTM loss of ‡16 Cr and a 26% decline in inventory turnover. Despite a ‡10 Cr market cap, the company carries ‡59 Cr in debt, though recent asset revaluations have significantly altered its reported net worth to ‡129 Cr.
- Proposed amendment to MOA to include Real Estate, Warehousing, and Construction as main business objects.
- Inventory turnover ratio dropped 26% to 15.62 due to decreased production levels.
- Debt-Equity ratio reported at 0.04 following a significant asset revaluation that increased reserves.
- Net Profit Ratio remains negative at -0.18, though slightly improved from -0.21 in the previous period.
- AGM scheduled for August 26, 2026, to be held via Video Conferencing.
Sri Lakshmi Saraswathi Textiles (SLST) has proposed a major amendment to its Memorandum of Association to include real estate, construction, and warehousing as main business objects. This pivot comes as the company faces severe financial stress, reporting a net loss of ‡21 cr in FY25 and a TTM loss of ‡16 cr. The company's balance sheet shows significant asset revaluation during the year, which improved the debt-equity ratio by 136% despite operational losses. Investors should note the ‡59 cr debt against a small ‡10 cr market capitalization.
- Proposed amendment to MOA to include Real Estate, Construction, and Warehousing as main objects.
- Reported a net loss of ‡21.0 cr for FY25 on revenue of ‡100 cr.
- Debt-Equity ratio improved by 136% primarily due to asset revaluation rather than debt reduction.
- Inventory turnover ratio dropped by 26% due to decreased production volumes.
- 62nd AGM scheduled for August 26, 2026, to seek approval for the business pivot.
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