Ashnoor Textile Mills Limited reported a profit of ₹848.25 lakh for the financial year ended March 31, 2026, a significant decline from ₹1,596.04 lakh in the previous year. The company's revenue from operations fell to ₹11,361.35 lakh in FY26, down from ₹17,847.70 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a profit of ₹147.45 lakh on revenue of ₹2,576.96 lakh.

The board of directors approved the standalone financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 25, 2026. Statutory auditors Messrs KSA & Co., Chartered Accountants, issued the Limited Audit Audited Reports with an unmodified opinion on the audited financial results. The company operates in a single business segment, "Terry Towel", and therefore has no reportable segments as per Indian Accounting Standard 108.

Financial Performance

The company's total income for FY26 stood at ₹11,640.02 lakh, compared to ₹18,417.21 lakh in the previous year. Total expenses for the year were ₹10,562.88 lakh, lower than the ₹16,365.36 lakh reported in FY25. The basic and diluted earnings per share (EPS) for FY26 were ₹5.32, down from ₹10.02 in the prior year.

Key Financial Metrics (FY26 vs FY25)

Balance Sheet and Cash Flow

The total assets of the company as of March 31, 2026, stood at ₹16,430.31 lakh, slightly lower than ₹16,695.49 lakh in the previous year. Equity share capital remained constant at ₹1,593.23 lakh. The company reported a net increase in cash and cash equivalents of ₹4.75 lakh for the year, with a closing balance of ₹175.59 lakh.

The debt-equity ratio improved to 0.59 in FY26 from 0.74 in FY25, while the current ratio rose to 2.57 from 1.89. The net cash generated from operating activities was ₹2,851.78 lakh for the year, compared to ₹1,243.25 lakh in the previous year.

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.