Binny Mills Ltd (535620)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Binny Mills' revenue was ₹1.6 Cr (+58.9% year on year, -60.3% on the previous quarter), and net profit ₹-2.9 Cr (a smaller loss than a year earlier); the operating margin was 23.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.6 | +58.9% | -60.3% |
| Operating profit | ₹0.4 | — | — |
| Net profit | ₹-2.9 | loss narrowed | loss narrowed |
| EPS (₹) | -11.21 | loss narrowed | loss narrowed |
| Operating margin | 23.2% | — | — |
📢 Recent Corporate Announcements
Binny Mills reported a net loss of ₹2.90 Cr for the quarter ended June 30, 2026, on a low revenue base of ₹1.59 Cr. The company's financial position is severely stressed with a negative net worth of ₹250.51 Cr and a debt of ₹145 Cr. Finance costs of ₹3.34 Cr continue to exceed total revenue, accounting for 74% of total expenses. The company also carries significant provisions, including ₹9.73 Cr for liabilities of its parent company, Binny Limited.
- Revenue from operations stood at ₹1.59 Cr for Q1 FY27, up from ₹1.01 Cr in the year-ago quarter.
- Net loss for the quarter was ₹2.90 Cr, an improvement from the ₹11.0 Cr loss in the preceding March quarter.
- Finance costs reached ₹3.34 Cr, significantly higher than the total quarterly revenue of ₹1.59 Cr.
- Total negative net worth worsened to ₹250.51 Cr as of June 30, 2026, against a market cap of only ₹91 Cr.
- A provision of ₹9.73 Cr remains in the books for liabilities met on behalf of the parent company, Binny Limited.
Binny Mills Ltd has scheduled its 19th Annual General Meeting (AGM) for August 31, 2026, to adopt FY26 financial results and approve director appointments. The company is currently in severe financial distress, reporting a TTM net loss of Rs 20 crore on a revenue of just Rs 9 crore. Its net worth is deeply eroded at negative Rs 248 crore, with a total debt of Rs 145 crore. Key agenda items include the re-appointment of Shri T. Yeswanth and the regularization of Dr. T. Bhasker Raj, both of whom are related to the promoter family.
- 19th Annual General Meeting scheduled for August 31, 2026, at 11:30 AM via virtual mode.
- Company reported a TTM Net Loss of Rs 20 crore against a TTM Revenue of only Rs 9 crore.
- Net worth stands at a negative Rs 248 crore, indicating significant capital erosion.
- Total debt of Rs 145 crore is approximately 1.6x the company's current market capitalization of Rs 91 crore.
- Proposed regularization of Dr. T. Bhasker Raj as a Non-Executive Director following his initial appointment on July 31, 2026.
Binny Mills Ltd has announced its 19th Annual General Meeting (AGM) to be held on August 31, 2026, via video conferencing. The company has fixed the book closure period from August 25 to August 31, 2026, for the purpose of the meeting. No dividend has been declared, which is consistent with the company's financial position, including a TTM loss of ₹20 Cr and a negative net worth of ₹248 Cr. The cut-off date for e-voting eligibility is set for August 24, 2026.
- 19th Annual General Meeting scheduled for August 31, 2026, at 11:30 AM
- Book closure period fixed from August 25, 2026, to August 31, 2026
- Cut-off date for e-voting eligibility is August 24, 2026
- Dividend payout is confirmed as 'Not Applicable' for this period
- Company reports a significant negative net worth of ₹248 Cr as per latest context
Binny Mills Ltd has released its FY26 Annual Report, scheduling its 19th AGM for August 31, 2026. The company reported a net loss of ₹19 Cr on a revenue of ₹9 Cr for FY26, reflecting a worsening net profit margin of -298.50%. The balance sheet remains under severe stress with a negative net worth of ₹248 Cr and total debt of ₹145 Cr. Key agenda items for the AGM include the re-appointment of Director Shri T. Yeswanth and the regularization of Additional Director Dr. T. Bhasker Raj.
- Net loss for FY26 widened to ₹19 Cr from ₹13 Cr in the previous financial year.
- Revenue from operations grew to ₹9 Cr in FY26, up from ₹6 Cr in FY25.
- Net worth as of March 31, 2026, is deeply negative at ₹-248 Cr.
- Net Profit Ratio worsened significantly to -298.50% in FY26 from -200.95% in FY25.
- The 19th AGM is set for August 31, 2026, with a voting cut-off date of August 24, 2026.
Binny Mills reported a net loss of Rs 2.54 crore for the quarter ended June 30, 2026, showing a slight improvement from the Rs 2.87 crore loss in the same period last year. Total income for the quarter rose to Rs 2.11 crore from Rs 1.56 crore YoY. The company's financial health remains critical with outstanding debt of Rs 140.71 crore and a negative net worth of Rs 248 crore. Additionally, the board appointed Dr. T. Bhasker Raj, a relative of the promoters, as an Additional Director.
- Total income increased to Rs 2.11 crore in Q1 FY27 from Rs 1.56 crore in Q1 FY26
- Net loss narrowed slightly to Rs 2.54 crore compared to a loss of Rs 2.87 crore in the previous year's quarter
- Outstanding debt stands at Rs 140.71 crore, which is approximately 155% of the current market capitalization
- Negative EPS of Rs 11.21 for the quarter ended June 30, 2026
- 19th Annual General Meeting (AGM) scheduled for August 31, 2026
Binny Mills Ltd reported a total income of ₹2.58 Cr for the quarter ended June 30, 2026, a 130% increase from ₹1.12 Cr in the same quarter last year. Despite the revenue growth, the company remains deeply in the red with a net loss of ₹11.27 Cr for the quarter, only a marginal improvement from the ₹11.55 Cr loss YoY. The company's financial health is critical, with a negative net worth of ₹248 Cr and debt of ₹145 Cr as of the latest annual figures. Additionally, the board has appointed Dr. T. Bhasker Raj, a relative of the promoters, as an Additional Director.
- Total income for Q1 FY27 increased to ₹2.58 Cr from ₹1.12 Cr in Q1 FY26.
- Net loss for the quarter stood at ₹11.27 Cr, compared to a loss of ₹11.55 Cr in the previous year's corresponding quarter.
- The company's net worth is deeply negative at ₹-248 Cr, indicating technical insolvency.
- Dr. T. Bhasker Raj, cousin of the Managing Director, was appointed as an Additional Director effective July 31, 2026.
- The 19th Annual General Meeting (AGM) is scheduled for August 31, 2026.
Binny Mills Ltd has scheduled a board meeting for July 31, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The board will also approve the Directors' Report for FY 2025-26 and finalize the upcoming Annual General Meeting (AGM) details. This meeting is critical given the company's stressed financial state, characterized by a negative net worth of ₹248 Cr and TTM losses of ₹20 Cr. Investors should monitor the results for any signs of operational recovery or debt restructuring updates.
- Board meeting scheduled for July 31, 2026, at 11:30 a.m. via video conferencing.
- Agenda includes approval of unaudited financial results for the quarter ended June 30, 2026.
- Board to approve the Directors' Report for the full financial year 2025-26.
- Company reported a significant net loss of ₹11.0 Cr in the preceding quarter (March 2026).
- Current debt stands at ₹145 Cr against a small TTM revenue base of ₹9 Cr.
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