Gini Silk Mills FY26 Net Profit at ₹158.58 Lakh
Gini Silk Mills Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a net profit of ₹158.58 lakh for the full year, a decrease from ₹180.42 lakh in the previous year. Revenue from operations for FY26 was ₹3,904.33 lakh, while total income stood at ₹4,148.16 lakh. The board approved the results and appointed Mr. Hitesh Nandlal Poddar as an Additional Director, alongside changes to committee compositions.
*this image is generated using AI for illustrative purposes only.
Gini Silk Mills Limited has released its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company reported a net profit of ₹22.86 lakh for the quarter ended March 31, 2026, compared to ₹33.02 lakh in the corresponding period of the previous year. For the full financial year, the net profit stood at ₹158.58 lakh, down from ₹180.42 lakh in FY25.
Revenue from operations for the year ended March 31, 2026, was ₹3,904.33 lakh, a slight decline from ₹4,002.65 lakh in the prior year. Total income for the year decreased to ₹4,148.16 lakh from ₹4,263.27 lakh in the previous year. The company's total expenses for FY26 were ₹3,957.94 lakh, compared to ₹4,051.17 lakh in FY25.
Financial Performance Overview
The board approved the audited financial results along with the Auditor's Report. The earnings per share (EPS) for the year ended March 31, 2026, was reported at ₹2.84, down from ₹3.23 in the previous year. The paid-up equity share capital remained constant at ₹559.26 lakh.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 3,904.33 | 4,002.65 |
| Total Income | 4,148.16 | 4,263.27 |
| Total Expenses | 3,957.94 | 4,051.17 |
| Net Profit for the Year | 158.58 | 180.42 |
| Earnings Per Share (₹) | 2.84 | 3.23 |
Board Decisions and Appointments
During the meeting, the board appointed Mr. Hitesh Nandlal Poddar as an Additional Director in an independent capacity, effective from May 30, 2026, until the ensuing Annual General Meeting. This appointment follows the cessation of Mr. Ruchir Omprakash Jalan as an Independent Director, effective from the same date, upon the completion of his second term.
Consequently, the board approved changes in the composition of the Audit Committee and the Stakeholder Relationship Committee, effective May 30, 2026. The Audit Committee will be chaired by Mr. Ajay Beniprasad Jajodia, while the Stakeholder Relationship Committee will be chaired by Mrs. Anjali Deepak Harlalka.
Other Key Developments
The board also appointed M/s. Dhiraj & Dheeraj as the Internal Auditor for the financial year 2026-27. The meeting commenced at 3:00 P.M. and concluded at 3:30 P.M. on May 22, 2026. The detailed financial statements, including the balance sheet and cash flow statement, have been prepared in accordance with the Indian Accounting Standards (Ind AS).
Historical Stock Returns for Gini Silk Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.68% | -2.74% | -2.68% | -14.41% | -37.48% | -9.22% |
What strategic initiatives is Gini Silk Mills planning to reverse the declining revenue trend and restore profitability to FY25 levels in FY27?
How might the transition from Mr. Ruchir Jalan to Mr. Hitesh Poddar as Independent Director influence the company's corporate governance approach and future strategic decisions?
Given the consistent decline in both revenue and net profit margins, is Gini Silk Mills considering diversification into new textile segments or export markets to drive growth?
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