Ashnoor textile mills Limited has announced its revised credit rating from CRISIL Ratings Limited for the financial year 2026-27. The company informed the Bombay Stock Exchange about the rating update through a regulatory filing under Regulation 30 of the Securities Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Credit Rating Details

CRISIL Ratings Limited has reviewed and assigned ratings to the company's bank facilities for FY 2026-27. The rating assessment covers the company's total banking arrangements and creditworthiness.

Bank Facility Breakdown

The INR 80 crores total facility is distributed across different banking arrangements with Bank of Baroda. The facilities include both fund-based and non-fund-based limits to support the company's operational requirements.

Regulatory Communication

The rating communication was received by the company through CRISIL's letter numbered RL/ASHTML/377132/BLR/0426/144511 dated April 10, 2026. The company received this communication via email on April 11, 2026, and subsequently made the regulatory disclosure on April 13, 2026.

CRISIL noted that the rating outstanding on the bank facilities during April 01, 2026, to April 09, 2026, was CRISIL BBB-/Stable/CRISIL A3. The rating letter remains valid until September 30, 2026, after which a new rating letter would be required.

Company Leadership

The regulatory filing was signed by Suneel Gupta, Managing Director of Ashnoor Textile Mills Limited, with DIN-00052084. The company is registered under Registration No. L17226HR1984PLC033384 and operates from its registered office and works at Behrampur Road Khandsa Village, Gurugram-122001, Haryana.

Ashnoor Textile Mills Limited , a key player in the terry towel business segment, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company has shown significant growth in revenue while managing its assets and liabilities effectively.

Revenue Growth and Profitability

For the quarter ended September 30, 2025, Ashnoor Textile Mills reported a substantial increase in revenue from operations, reaching Rs 17.84 crore. This marks a notable rise from Rs 7.70 crore in the previous quarter ended June 30, 2025. The company's performance demonstrates a strong recovery and growth trajectory in its core business.

The financial highlights for Q2 FY26 are as follows:

Despite the significant increase in revenue from operations, the company experienced a decrease in total income and profitability compared to the previous quarter.

Balance Sheet Overview

As of September 30, 2025, Ashnoor Textile Mills' financial position showed some changes compared to the previous period:

The company's total assets decreased slightly, while there was a notable reduction in current liabilities. The equity share capital remained unchanged, and other equity saw an increase.

Operational Performance

Ashnoor Textile Mills continues to operate solely in the terry towel business segment. The company's focus on this niche market appears to be yielding positive results, as evidenced by the significant increase in revenue from operations.

Audit Review and Board Approval

The financial results for Q2 and H1 FY26 were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on November 12, 2025. A limited audit review was conducted by the statutory auditors, ensuring compliance with regulatory requirements.

Market Implications

The substantial growth in revenue from operations could potentially signal increased market demand for Ashnoor Textile Mills' products or successful expansion of its market share. However, the decrease in total income and profitability suggests that the company may be facing challenges in managing costs or other market factors.

As the textile industry continues to evolve, Ashnoor Textile Mills' performance in the terry towel segment may provide insights into broader market trends and consumer preferences in the home textile sector.

The company's financial management, particularly the reduction in current liabilities and increase in other equity, suggests a focus on strengthening its balance sheet, which could position it well for future growth opportunities or market challenges.