Minaxi Textiles Ltd (531456)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Minaxi Textiles' revenue was ₹5.9 Cr (+9.7% year on year, -5.2% on the previous quarter), and net profit ₹0.1 Cr (-94.3% year on year); the operating margin was 8.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹5.9 | +9.7% | -5.2% |
| Operating profit | ₹0.5 | from loss | -37.9% |
| Net profit | ₹0.1 | -94.3% | -72.1% |
| EPS (₹) | 0.02 | -94.6% | -71.4% |
| Operating margin | 8.6% | — | — |
📢 Recent Corporate Announcements
Minaxi Textiles Limited has declared the voting results of its 31st Annual General Meeting held on September 25, 2026. All four resolutions presented to shareholders—including the adoption of FY26 financial statements and director reappointments—were approved with >99.9% majority. A total of 18,848,935 votes were cast across 68 participating records out of 18,106 eligible shareholders holding 49,416,000 equity shares. The special resolution permitting remuneration payment to Whole Time Director Kiritkumar S. Patel in the event of loss or inadequate profits also passed with 99.991% approval.
- All 4 ordinary and special resolutions approved with over 99.99% affirmative votes
- 18,848,935 total votes cast out of 49,416,000 eligible voting shares (~38.14% voter turnout)
- 37 shareholders attended the AGM held via video conferencing
- Special resolution approving WTD remuneration during loss/inadequate profit passed with 99.991% assent
Minaxi Textiles Ltd has announced its 31st Annual General Meeting (AGM) to be held on September 25, 2026, via video conferencing. This is a routine regulatory filing for the micro-cap company, which has a market capitalization of approximately ‑6 Cr. The company reported a TTM revenue of ‑23.14 Cr and a PAT of ‑1.79 Cr for FY26. Investors should monitor the upcoming AGM notice for specific resolutions and management's outlook for the next fiscal year.
- 31st Annual General Meeting scheduled for Friday, September 25, 2026
- Meeting to be conducted at 02:00 p.m. through Video Conferencing (VC/OAVM)
- Company reported FY26 revenue of ‑23.14 Cr against ‑28.88 Cr in FY25
- Debt-to-Equity ratio remains high at 2.91 as per latest financial context
Minaxi Textiles reported a sharp 94.3% year-on-year decline in net profit to Rs 0.10 crore for the quarter ended June 2026, down from Rs 1.83 crore in June 2025. While revenue grew 9.7% YoY to Rs 5.89 crore, it fell 5.2% sequentially from the March 2026 quarter. The company continues to operate under a debt restructuring scheme initiated in FY22, and auditors have highlighted the 'going concern' assumption as a key matter. With a high debt-to-equity ratio of 2.91 and a market cap of only Rs 6 crore, the financial position remains strained.
- Net profit plummeted to Rs 10.34 lakhs in Q1 FY27 from Rs 183.26 lakhs in Q1 FY26.
- Revenue from operations stood at Rs 5.89 crore, representing a 9.7% YoY growth but a 5.2% sequential decline.
- Finance costs remained high at Rs 27.58 lakhs, consuming a significant portion of operating margins.
- Auditors drew attention to Note 6 regarding the 'Going Concern' basis and the execution of a debt restructuring scheme.
- The Board fixed September 18, 2026, as the record date for the upcoming 31st Annual General Meeting.
Minaxi Textiles reported a sharp decline in net profit to ₹0.10 Cr for Q1 FY27, down from ₹1.83 Cr in the same quarter last year, primarily due to a high base effect from other income in 2025. Revenue grew 9.6% year-on-year to ₹5.89 Cr but fell 5.2% sequentially from ₹6.21 Cr in March 2026. The company remains under a debt restructuring plan from FY22, with auditors highlighting the 'Going Concern' status due to historical cash losses. The 31st Annual General Meeting is scheduled for September 25, 2026.
- Net Profit fell 94.5% YoY to ₹0.10 Cr compared to ₹1.83 Cr in June 2025 (which included ₹3.03 Cr other income).
- Revenue from operations stood at ₹5.89 Cr, a 9.6% increase over the ₹5.37 Cr reported in June 2025.
- Finance costs for the quarter were ₹0.27 Cr, consuming 4.6% of total revenue.
- The company is operating under a debt restructuring scheme executed in FY21-22 to manage its ₹12 Cr debt.
- Record date for the upcoming AGM has been fixed as September 18, 2026.
Minaxi Textiles has scheduled a board meeting on August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing for the micro-cap company, which has a market capitalization of just ₹7 Cr. Investors will be looking for consistency after the company turned profitable in FY26 with a PAT of ₹1.79 Cr compared to a loss of ₹0.53 Cr in FY25. The company currently operates with a high debt-to-equity ratio of 2.91.
- Board meeting scheduled for August 12, 2026, to approve June quarter results
- Company reported TTM revenue of ₹23.14 Cr as of March 2026
- Current market capitalization is approximately ₹7 Cr
- Debt levels remain high at ₹12 Cr against a net worth of ₹4 Cr
- Promoter holding remains stable at 38.8% as of June 2026
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