Maris Spinners Ltd (531503)
Q2 FY27 results
📅 Next results: 04 Nov 2026 (board meeting)Maris Spinners Ltd's board meets on 4 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Maris Spinners' revenue was ₹48.1 Cr (+26.1% year on year, +4.7% on the previous quarter), and net profit ₹3.6 Cr (against a loss a year earlier); the operating margin was 14.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹48.1 | +26.1% | +4.7% |
| Operating profit | ₹7.1 | +335.6% | +182.9% |
| Net profit | ₹3.6 | from loss | — |
| EPS (₹) | 4.59 | from loss | — |
| Operating margin | 14.8% | — | — |
📢 Recent Corporate Announcements
Maris Spinners Ltd submitted the minutes of its 47th Annual General Meeting held on August 20, 2026. Shareholders approved all 5 resolutions, including the adoption of FY26 financial statements and the re-appointment of retiring directors. Additionally, a special resolution was approved for the re-appointment of Managing Director Mr. T Raghuraman for a 3-year term from September 23, 2026, to September 22, 2029, with a starting remuneration of Rs 2,00,000 per month.
- All 5 ordinary and special resolutions approved with ~100% voting in favour
- Re-appointed Mr. T Raghuraman as Managing Director for 3 years (23-09-2026 to 22-09-2029)
- MD remuneration fixed at Rs 2,00,000/month (FY27), Rs 2,25,000/month (FY28), and Rs 2,50,000/month (FY29)
- Appointed M/s A. Gopala Iyengar as Cost Auditors for FY27
- A total of 41 members attended the meeting held via video conferencing
Maris Spinners Ltd has appointed Ms. B M Shanmuga Priya as the new Company Secretary and Compliance Officer, effective September 1, 2026. She succeeds Mr. N Sridharan, who is resigning due to health reasons on August 31, 2026. Ms. Priya brings over 10 years of professional experience, including 6 years as a practicing Company Secretary and an LLB degree. This is a routine administrative transition for the micro-cap company, which has a market capitalization of Rs 26 Cr.
- Ms. B M Shanmuga Priya appointed as Company Secretary and Compliance Officer effective September 1, 2026
- The appointee has over 10 years of experience, including 6 years as a Practising Company Secretary
- Outgoing Secretary Mr. N Sridharan to be relieved on August 31, 2026, due to health reasons
- The company maintains a high promoter holding of 74.38% as of June 2026
Maris Spinners Ltd reported a significant financial turnaround for the quarter ended June 30, 2026. Revenue from operations grew 26.1% YoY to Rs 48.05 Cr compared to Rs 38.10 Cr in the same period last year. Most notably, the company posted a net profit of Rs 3.63 Cr, swinging from a net loss of Rs 0.45 Cr in June 2025. This quarterly profit is highly material, representing approximately 14% of the company's current market capitalization of Rs 26 Cr.
- Net profit of Rs 3.63 Cr in Q1 FY27 vs a loss of Rs 0.45 Cr in Q1 FY26
- Revenue from operations increased to Rs 48.05 Cr from Rs 38.10 Cr YoY
- Earnings Per Share (EPS) improved to Rs 4.59 from a negative Rs 0.57 YoY
- Total expenditure rose 9.7% YoY to Rs 44.54 Cr, trailing revenue growth
- Management change announced with Ms. Shanmuga Priya appointed as CS effective September 1, 2026
Maris Spinners reported a sharp turnaround in Q1 FY27, posting a net profit of ₹3.63 Cr compared to a loss of ₹0.45 Cr in the year-ago period. Revenue from operations grew 26.1% YoY to ₹48.05 Cr, while EPS improved significantly to ₹4.59 from -₹0.57. The company also announced a transition in the Company Secretary role, effective September 1, 2026. Despite the strong quarterly performance, the company remains highly leveraged with a debt-to-equity ratio of 3.72.
- Net Profit turned positive at ₹3.63 Cr for Q1 FY27 vs a loss of ₹0.45 Cr in Q1 FY26
- Revenue from operations increased 26.1% YoY to ₹48.05 Cr from ₹38.10 Cr
- Earnings Per Share (EPS) rose to ₹4.59 for the quarter, exceeding the total TTM EPS of -₹1.77
- Profit Before Tax (PBT) stood at ₹5.13 Cr vs a loss of ₹0.64 Cr in the same quarter last year
- Finance costs decreased to ₹2.09 Cr from ₹2.48 Cr in the year-ago quarter
Maris Spinners Ltd has announced the resignation of Mr. N. Sridharan from the position of Company Secretary and Compliance Officer. The resignation, tendered on July 31, 2026, is attributed to health reasons and includes a one-month notice period. He will be relieved from his duties at the close of business hours on August 31, 2026. This is a routine administrative change for the micro-cap textile company, which has a market capitalization of Rs 24 Cr and TTM revenue of Rs 168 Cr.
- Resignation letter submitted on July 31, 2026, citing health reasons.
- Effective date of cessation from the company is August 31, 2026.
- The outgoing officer served in the role since his appointment on May 29, 2020.
- The company is required to appoint a successor to maintain compliance with SEBI regulations.
Maris Spinners has released its 47th Annual Report for FY 2025-26, scheduling its AGM for August 20, 2026. The company proposes the re-appointment of Managing Director T Raghuraman for a three-year term starting September 2026, with a monthly salary starting at 2.00 Lakh. Operationally, yarn production saw a marginal decline of 1.97% year-on-year to 4.92 million kg. Despite a high debt-to-equity ratio of 3.72, the company claims no borrowings from external banks or agencies, suggesting reliance on internal or related-party funding.
- Cotton yarn production decreased to 4,916,100 kg in FY26 from 5,014,740 kg in FY25
- Managing Director re-appointment proposed for 3 years with salary increasing to 2.50 Lakh per month by 2028
- Installed capacity remained stagnant at 57,024 spindles across two units in Karnataka and Tamil Nadu
- Related party transactions included purchases of 130.99 Lakhs from A R H Energy LLP
- Company reported zero undrawn borrowing facilities as of March 31, 2026
Maris Spinners Ltd has announced that its Board of Directors will meet on August 7, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing required by SEBI. The company's stock has experienced a significant 30.2% decline over the past 12 months, making the upcoming earnings release a key point for assessing operational stability. The meeting is scheduled to begin at 10:15 AM.
- Board meeting scheduled for August 7, 2026, to approve quarterly results
- Financial results pertain to the quarter ended June 30, 2026
- Meeting is scheduled to commence at 10:15 AM
- Stock has seen a 30.2% price decline over the last 12 months
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