Girnar Spintex FY26 revenue rises to ₹12,583.65 lakh
Girnar Spintex Industries Limited approved its audited standalone financial results for the quarter and year ended March 31, 2026. Total revenue for FY26 increased to ₹12,583.65 lakh from ₹10,529.98 lakh in the previous year, while profit for the period from continuing operations rose to ₹587.92 lakh. The statutory auditors issued an unmodified opinion, and the company confirmed no defaults on loans or debt securities.
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Girnar Spintex Industries Limited has approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The company reported a total revenue of ₹12,583.65 lakh for the financial year, an increase from ₹10,529.98 lakh in the previous year. Profit for the period from continuing operations for the year stood at ₹587.92 lakh, compared to ₹393.09 lakh in the prior year. The Board of Directors concluded the meeting on June 3, 2026, following adjournments from May 30, 2026, to finalize the audit procedures.
The statutory auditors, M/s. Nenawati and Associates Chartered Accountants, issued an Audit Report with an unmodified opinion on the financial results. The company noted that no provision for current tax was made for the current period due to the utilization of brought forward tax losses from previous years. Girnar Spintex confirmed that there were no outstanding defaults on loans or debt securities as of the financial year end.
Financial Performance
| Particulars | Quarter Ended 31.03.2026 (₹ in Lakh) | Quarter Ended 31.03.2025 (₹ in Lakh) | Year Ended 31.03.2026 (₹ in Lakh) | Year Ended 31.03.2025 (₹ in Lakh) |
|---|---|---|---|---|
| Total Revenue | 3,680.14 | 3,149.35 | 12,583.65 | 10,529.98 |
| Total Expenses | 3,663.34 | 3,124.11 | 11,902.31 | 10,308.85 |
| Profit for the period | 16.80 | 25.24 | 587.92 | 393.09 |
| Earnings per share (Basic) | 0.34 | 0.92 | 9.38 | 14.05 |
The company stated it is exempt from compliance with regulations relating to Related Party Transactions pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepak Choudhari, Managing Director, signed the intimation submitted to the stock exchanges on behalf of Girnar Spintex Industries Limited (formerly known as Amit Spinning Industries Limited).
How will the company sustain revenue growth once the brought forward tax losses are fully utilized?
What strategic initiatives are planned to improve the declining Earnings Per Share trend observed in the latest quarter?
Does the company intend to maintain its exemption status for Related Party Transactions regulations following its recent name change?
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