Bhilwara Spinners Limited reported a net profit of ₹232.96 lakh for the quarter ended June 30, 2026, marking a 20.7% increase from the previous quarter’s ₹193.04 lakh. The textile manufacturer’s total income from operations rose to ₹3,384.02 lakh, reflecting stronger operational performance in the first quarter of FY27. Earnings per share (EPS) increased to ₹2.57 from ₹2.13 in the prior quarter, signaling enhanced profitability per unit of equity.

The Board of Directors approved the unaudited financial results at a meeting held on July 24, 2026. In addition to finalizing the accounts, the Board approved the re-appointment of Mr. Himanshu Jhamar (DIN: 09298746) as an Independent Director for a second term of five years, effective from August 31, 2026, to August 30, 2031. This appointment is subject to shareholder approval at the ensuing Annual General Meeting. Jhamar, a Chartered Accountant with over eight years of experience, is not related to any other director of the company and is not debarred by SEBI or any other authority.

Financial Performance

Bhilwara Spinners’ revenue from operations stood at ₹3,384.02 lakh for the quarter, compared to ₹3,456.47 lakh in the same quarter of the previous year and ₹7,447.44 lakh for the full year ended March 31, 2026. Other income contributed ₹64.27 lakh, down from ₹94.27 lakh in Q4FY26. There were no exceptional items in the current quarter, whereas the prior fiscal year included exceptional income of ₹63.11 lakh.

The paid-up equity share capital remained unchanged at ₹905.36 lakh, with a face value of ₹10 per share. No dividend was declared for the quarter. The statutory auditors, CLB & Associates, conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410 and expressed an unqualified opinion.

What the Numbers Show

The quarter-on-quarter growth in net profit, despite a slight decline in revenue compared to the preceding quarter, suggests improved cost efficiency or margin expansion in the initial months of FY27. The absence of exceptional items in the current quarter means the entire profit figure is derived from ordinary business activities, providing a clearer view of operational health. However, other income declined significantly from the annual average, indicating that non-operational gains are not currently supporting the bottom line as they did in parts of the previous fiscal year.

Bhilwara Spinners Limited approved its audited financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 15, 2026. The statutory audit was conducted by M/s CLB & Associates, Chartered Accountants (Firm Registration No. 124305W), who issued an unmodified audit opinion on the annual financial results. The results were reviewed by the Audit Committee and approved by the Board at its meeting, which commenced at 03:00 P.M. and concluded at 04:15 P.M.

Financial Performance Overview

The company delivered a notable improvement in its financial performance for the full year ended March 31, 2026. Revenue from operations surged to ₹7,447.44 lac in FY26 from ₹2,496.82 lac in FY25, while total income reached ₹7,559.31 lac compared to ₹2,506.82 lac in the prior year. Net profit for FY26 stood at ₹490.80 lac, significantly higher than ₹173.06 lac reported in FY25. Basic Earnings Per Share (EPS) for FY26 improved to ₹5.42 from ₹1.91 in FY25.

The following table summarises the key income statement metrics:

Quarterly Performance

For the quarter ended March 31, 2026, the company reported revenue from operations of ₹3,456.47 lac, compared to ₹2,472.81 lac in the quarter ended December 31, 2025, and ₹770.67 lac in the quarter ended March 31, 2025. Net profit for the quarter ended March 31, 2026 stood at ₹667.11 lac, against ₹49.06 lac in the preceding quarter and a net loss of ₹32.55 lac in the corresponding quarter of the previous year. Basic EPS for the quarter ended March 31, 2026 was ₹7.37.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹15,946.52 lac compared to ₹12,253.68 lac as at March 31, 2025. Non-current assets were ₹11,124.69 lac, while current assets totalled ₹4,821.83 lac. On the liabilities side, equity stood at ₹5,021.73 lac, comprising equity share capital of ₹905.36 lac and other equity of ₹4,116.37 lac.

Cash Flow Summary

For the year ended March 31, 2026, net cash from operating activities was ₹368.58 lac, compared to ₹1,166.77 lac in the previous year. Net cash used in investing activities was ₹2,762.27 lac, primarily on account of purchase of property, plant and equipment worth ₹2,856.87 lac. Net cash from financing activities stood at ₹2,374.71 lac. Cash and cash equivalents at the end of the reporting period were ₹4.09 lac, compared to ₹23.06 lac at the beginning of the period.

Internal Auditor Appointment

The Board also approved the appointment of M/s R.S. Pokharna and Associates, Chartered Accountants (Firm Registration No. 008560C), as Internal Auditor of the company for the financial year 2026-27. The firm, established in 1997 and based in Bhilwara, Rajasthan, is described as one of the top CA firms in the region, offering services across statutory audit, internal audit, accounting, direct tax, indirect tax, financial advisory, corporate advisory, and valuation services.

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