Billwin Industries FY26 net profit falls 31.2% to ₹46.76 lakh

Billwin Industries reported a 31.2% decline in net profit to ₹46.76 lakh for the financial year ended March 31, 2026, compared to ₹67.94 lakh in the previous year. Revenue from operations rose 14.9% to ₹808.48 lakh from ₹703.27 lakh in FY25, driven by higher sales volumes. However, total expenses increased to ₹741.30 lakh from ₹601.99 lakh, primarily due to a rise in the cost of materials consumed to ₹700.30 lakh and employee benefit expenses to ₹94.69 lakh.

The board approved the audited financial results for the half-year and year ended March 31, 2026, at its meeting held on May 30, 2026. The company appointed M/s. S D Satam & Co. as Internal Auditor and M/s. S.A. & Associates as Secretarial Auditor for FY 2026-27. The statutory auditor, M/s. Jay Gupta & Associates, issued an independent audit report confirming the results give a true and fair view.

Financial Performance

For the half-year ended March 31, 2026, the company recorded a profit after tax of ₹14.33 lakh, a decrease from ₹29.60 lakh in the same period of the previous year. Revenue for the half-year stood at ₹400.51 lakh. Basic earnings per share (EPS) for the full year declined to ₹1.12 from ₹1.77 in the prior year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	808.48	703.27
Total Expenses	741.30	601.99
Profit Before Tax	67.18	97.12
Net Profit	46.76	67.94
Basic EPS	1.12	1.77

Balance Sheet and Cash Flow

Total assets increased to ₹1,858.90 lakh as of March 31, 2026, from ₹1,626.96 lakh a year earlier. Inventories surged to ₹861.14 lakh from ₹550.10 lakh, while trade receivables decreased to ₹791.32 lakh from ₹896.61 lakh. Short-term borrowings rose significantly to ₹154.40 lakh from ₹28.58 lakh.

Cash flow from operating activities resulted in a net outflow of ₹98.75 lakh, compared to an outflow of ₹254.09 lakh in FY25. The company reported a net decrease in cash and cash equivalents of ₹0.49 lakh during the year, bringing the closing balance to ₹1.25 lakh.

Auditor Observations

The statutory auditor noted that the company has not obtained an actuarial valuation for its gratuity obligations as required under Accounting Standard (AS) 15. Consequently, the gratuity liability and related disclosures have not been recognized in the financial results. The auditor stated they are unable to ascertain the impact of this non-compliance but did not modify their opinion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+2.17%	-1.82%	-18.89%	-26.78%	+38.74%

Billwin Industries Limited , a player in the protective garment manufacturing sector, has recently secured a significant order valued at Rs. 2.93 crores. The company announced this development through a regulatory filing to the BSE Limited on November 18, 2025.

Order Details

The work order, received through M/s. Pegasus Engineering & Commercial Corporation Private Limited, involves the manufacturing of protective garments for defense purposes. Here's a breakdown of the key aspects of the order:

Aspect	Details
Order Value	Rs. 2.93 crores (Approximately)
Execution Deadline	December 2025
Nature of Products	Protective gears, rainwear coats, rain jackets, Pulsar jackets, winter jackets, river raft boats, inflatable boats, dinghys
Awarding Entity	M/s. Pegasus Engineering & Commercial Corporation Pvt. Ltd.
Order Type	Domestic

Significance of the Order

This order marks a notable achievement for Billwin Industries Limited, showcasing its capability to cater to the specialized needs of the defense sector. The diverse range of products included in the order demonstrates the company's versatility in manufacturing various types of protective garments and watercraft equipment.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Billwin Industries Limited promptly disclosed this information to the stock exchange. The company has confirmed that this order does not fall under related party transactions and that the promoter/promoter group has no interest in the entity awarding the contract.

Company Background

Billwin Industries Limited, headquartered at 79, Vishal Industrial Estate, Village Road, Nahur (W), Mumbai, is engaged in the manufacturing of protective garments. The company, with its CIN L18104MH2014PLC252842, has demonstrated its ability to secure significant orders in the defense sector, potentially indicating a strong foothold in this specialized market segment.

This order may be seen as a positive development for Billwin Industries, potentially contributing to its revenue stream and reinforcing its position in the protective garment manufacturing industry, particularly in the defense sector.