Sambandam Spinning Mills Ltd (521240)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sambandam Spinning's revenue was ₹60.0 Cr (-6.1% year on year, -11.7% on the previous quarter), and net profit ₹0.4 Cr (-26.1% year on year); the operating margin was 8.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹60.0 | -6.1% | -11.7% |
| Operating profit | ₹5.2 | -2.1% | +763.1% |
| Net profit | ₹0.4 | -26.1% | from loss |
| EPS (₹) | 0.90 | -26.2% | from loss |
| Operating margin | 8.6% | — | — |
📢 Recent Corporate Announcements
Sambandam Spinning Mills Limited has submitted its 52nd Annual Report for FY 2025-26 and scheduled its Annual General Meeting (AGM) for September 18, 2026, via video conferencing. The company fixed September 11, 2026, as the record date, with share transfer books closed from September 12 to September 18, 2026. Key AGM resolutions include adopting FY26 financial statements (Revenue of Rs 263.66 Cr and net loss of Rs 5.74 Cr), approving statutory audit fees of Rs 8 lakhs, and extending the tenure of Joint Managing Director S. Dinakaran upon attaining age 70.
- 52nd Annual General Meeting scheduled for September 18, 2026, at 10:45 AM IST via video conferencing
- Record date set as September 11, 2026, with book closure from September 12 to September 18, 2026
- FY26 reported revenue from operations stood at Rs 263.66 Cr with a net loss of Rs 5.74 Cr (EPS Rs -13.46)
- Proposed ratification of statutory audit fees of Rs 8 lakhs and cost audit fees of Rs 1 lakh for FY 2026-27
Sambandam Spinning Mills has submitted its 52nd Annual Report for FY 2025-26 along with the Notice for its Annual General Meeting (AGM) scheduled on September 18, 2026. The record date for the AGM is fixed as September 11, 2026, with the register of members closed from September 12 to September 18, 2026. Key AGM resolutions include adoption of audited financial statements, statutory auditor remuneration of Rs 8 lakhs, director re-appointments/appointments, and enabling acceptance of fixed deposits from members. The annual financials reflect FY26 operational revenue of Rs 263.66 crore with a net loss of Rs 5.74 crore.
- 52nd Annual General Meeting scheduled on September 18, 2026 via video conferencing
- Record date set for September 11, 2026, with share transfer books closed from September 12 to 18, 2026
- FY26 Revenue from operations reported at Rs 263.66 crore compared to Rs 268.48 crore in FY25
- FY26 net loss stood at Rs 5.74 crore (EPS of Rs -13.46) vs loss of Rs 7.43 crore in FY25
- Proposed resolutions include statutory audit fees of Rs 8 lakhs and enabling fixed deposit mobilization from members
Sambandam Spinning Mills reported a Q1 FY27 revenue of ₹59.99 Cr, a 6.1% decline compared to ₹63.91 Cr in the same quarter last year. Net profit for the quarter stood at ₹0.34 Cr, down from ₹0.52 Cr YoY, though it represents a recovery from the ₹2.96 Cr loss in the preceding March quarter. The company is also reconstituting its board with two independent directors retiring and two new appointments effective September 2026. Financial health remains a concern with a high debt-to-equity ratio of 1.74 and a low ROCE of 2.0%.
- Revenue from operations decreased to ₹59.99 Cr in Q1 FY27 from ₹63.91 Cr in Q1 FY26.
- Net profit for the quarter was ₹0.34 Cr, a 34.6% decline from ₹0.52 Cr in the year-ago period.
- Finance costs for the quarter remained high at ₹2.94 Cr, consuming nearly 50% of operating profit.
- Two Independent Directors, Dr. V. Sekar and Sri D. Balasundaram, will retire on 18.09.2026.
- The company fixed 11.09.2026 as the record date for the 52nd Annual General Meeting.
Sambandam Spinning Mills reported a net profit of ₹0.49 Cr for the quarter ended June 30, 2026, marking a turnaround from a loss of ₹2.96 Cr in the preceding quarter. Revenue from operations declined to ₹59.99 Cr, down 11.7% sequentially and 6.1% year-on-year. The company has adopted a new tax regime (Section 115BAA) and refreshed its board with two new independent directors. Despite the marginal profit, the company's high debt of ₹139 Cr remains a significant overhang relative to its ₹44 Cr market capitalization.
- Reported a net profit of ₹0.49 Cr in Q1 FY27 compared to a net loss of ₹2.96 Cr in Q4 FY26.
- Revenue from operations stood at ₹59.99 Cr, a decrease from ₹63.91 Cr in the year-ago period.
- Finance costs for the quarter were ₹2.94 Cr, consuming nearly 5% of total revenue.
- Appointed two new Independent Directors: TCA Srinivasa Prasad (ex-SBI GM) and S. Prakash (Textile industry veteran).
- Non-charging of depreciation amounting to ₹17.78 Lakhs on assets classified as 'held for sale' aided the bottom line.
Sambandam Spinning Mills reported a consolidated net profit of ₹0.39 Cr for the quarter ended June 30, 2026, recovering from a net loss of ₹2.86 Cr in the previous quarter. Revenue from operations stood at ₹59.99 Cr, reflecting a 6.1% YoY decline and an 11.7% QoQ decline. The company has adopted the new tax regime (Section 115BAA), which led to a recomputation of deferred tax liabilities. Despite the return to profitability, the company remains highly leveraged with a debt-to-equity ratio of 1.74.
- Consolidated Net Profit of ₹38.56 Lakhs in Q1 FY27 vs a loss of ₹286.15 Lakhs in Q4 FY26.
- Revenue from operations declined to ₹5,999.22 Lakhs from ₹6,792.67 Lakhs in the preceding quarter.
- Finance costs remained high at ₹2.94 Cr, consuming nearly 5% of total revenue.
- Depreciation of ₹17.78 Lakhs was not charged on assets classified as 'held for sale' per Ind AS 105.
- Promoter holding increased to 51.32% in June 2026 from 50.24% in March 2026.
Sambandam Spinning Mills has scheduled a board meeting on August 13, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently navigating a challenging financial period, having reported a net loss of ‡6 crore in FY26. With a high debt of ‡139 crore against a market capitalization of only ‡46 crore, the upcoming results are critical for assessing liquidity and operational recovery. The operating profit margin remains thin at 4.4% TTM.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Company reported a net loss of ‡2.96 crore in the most recent quarter (March 2026)
- Total debt stands at ‡139 crore, which is approximately 3x the current market capitalization
- Promoter holding saw a slight increase to 51.32% in June 2026 from 50.24% in March 2026
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