Gini Silk Mills reported a net profit of ₹158.58 lakh for the financial year ended March 31, 2026, a decrease from ₹180.42 lakh in the previous year. The company's revenue from operations fell to ₹3,904.33 lakh in FY26 compared to ₹4,002.65 lakh in FY25. Total income for the year stood at ₹4,148.16 lakh, down from ₹4,263.27 lakh in the prior year. The statutory auditors, M/s. Vatsaraj & Co., issued an unmodified opinion on the audited financial results.

For the quarter ended March 31, 2026, the company posted a net profit of ₹22.86 lakh, a decline from ₹33.02 lakh in the same quarter of the previous year. Revenue from operations for Q4FY26 was ₹1,024.51 lakh, lower than ₹1,102.72 lakh in Q4FY25. Total expenses for the full year increased marginally to ₹3,957.94 lakh from ₹3,951.17 lakh in FY25. The Board of Directors approved the financial results at a meeting held on May 22, 2026.

Financial Performance

The company's profit from operations before exceptional items for FY26 was ₹190.22 lakh, compared to ₹212.10 lakh in FY25. Basic and diluted earnings per share (EPS) for the year stood at ₹2.84, down from ₹3.23 in the previous year. The total comprehensive income for FY26 was ₹210.90 lakh, slightly higher than ₹206.58 lakh in the preceding year.

Balance Sheet Highlights

The company's total assets as of March 31, 2026, stood at ₹6,379.57 lakh, an increase from ₹6,196.17 lakh in the previous year. Total equity rose to ₹5,180.76 lakh from ₹4,969.89 lakh. Non-current assets were valued at ₹4,698.02 lakh, while current assets stood at ₹1,681.55 lakh. The company reported no borrowings under non-current liabilities, while current borrowings were ₹325.95 lakh.

Cash Flow Statement

Net cash generated from operating activities for FY26 was ₹187.54 lakh, compared to ₹183.63 lakh in FY25. Cash used in investing activities was ₹88.58 lakh, significantly lower than the net inflow of ₹319.48 lakh in the previous year. Financing activities resulted in a net cash outflow of ₹98.98 lakh. Cash and cash equivalents at the end of the year were ₹12.07 lakh.

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.

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).