Axita Cotton Reports FY26 Net Profit of ₹190.19 Lakh, Proposes Dividend
Axita Cotton Limited reported a 74% increase in net profit to ₹190.19 lakh for FY26, despite a decline in revenue from operations to ₹37,039.74 lakh. Q4 FY26 recorded a net loss of ₹234.18 lakh. The Board proposed a final dividend of ₹0.05 per share and had earlier allotted bonus shares in 1:10 ratio.
*this image is generated using AI for illustrative purposes only.
Axita Cotton Limited has submitted its audited standalone financial results for the quarter and financial year ended March 31, 2026, to the stock exchanges. The results were approved by the Board of Directors at its meeting held on April 20, 2026. The statutory auditor, PKN & CO Chartered Accountants, has issued an unmodified opinion on the financial results.
For the financial year ended March 31, 2026, the company reported a net profit of ₹190.19 lakh, compared to ₹109.34 lakh in the previous year. Revenue from operations declined to ₹37,039.74 lakh from ₹65,271.58 lakh in FY25. Total income for the year stood at ₹37,464.83 lakh, down from ₹65,430.38 lakh in the preceding year.
Quarterly Performance
The fourth quarter of FY26 showed contrasting results with a net loss of ₹234.18 lakh, compared to a net loss of ₹185.70 lakh in the same quarter of the previous year. Revenue from operations for Q4 FY26 stood at ₹6,103.14 lakh, significantly lower than ₹13,985.98 lakh reported in Q4 FY25. The quarter ended March 31, 2026, recorded a total comprehensive loss of ₹319.63 lakh.
Key Financial Highlights
| Particulars | Year Ended March 31, 2026 (₹ in Lakhs) | Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 37,039.74 | 65,271.58 |
| Total Income | 37,464.83 | 65,430.38 |
| Total Expenses | 37,181.05 | 65,345.23 |
| Net Profit | 190.19 | 109.34 |
| Earnings Per Share (Basic) | 0.05 | 0.03 |
Corporate Actions
On February 16, 2026, the company allotted 3,47,22,832 bonus shares of Re. 1 each in the proportion of 1 bonus share for every 10 fully paid-up equity shares. Consequently, the paid-up capital increased to ₹38,24,95,333 from ₹34,77,72,501. The earnings per share figures have been adjusted for all periods presented to reflect this bonus issue.
The Board of Directors has proposed a final dividend of ₹0.05 per equity share for the year ended March 31, 2026, subject to approval by shareholders at the Annual General Meeting. Additionally, the Board had previously approved the grant of 1,72,000 stock options under the "Axitacotton Employee Stock Option Plan 2023" on May 6, 2025.
Balance Sheet Position
As of March 31, 2026, the company's total assets stood at ₹8,573.56 lakh, compared to ₹7,635.82 lakh in the previous year. Total equity increased to ₹6,491.18 lakh from ₹6,284.64 lakh. Cash and cash equivalents improved significantly to ₹1,598.28 lakh from ₹1,056.35 lakh at the end of the previous financial year. The company reported investments of ₹1,986.36 lakh in its balance sheet for FY26.
Historical Stock Returns for Axita Cotton
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.60% | -4.44% | -5.20% | +9.53% | -7.70% | -9.88% |
What strategic measures is Axita Cotton planning to implement to reverse the 43% revenue decline and return to growth trajectory?
How will the cotton industry's global supply chain dynamics and pricing trends impact Axita Cotton's recovery prospects in FY27?
What is the company's capital allocation strategy for the ₹1,986.36 lakhs in investments, and how might this drive future profitability?
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