Gujarat Hy-Spin FY26 profit falls on lower revenue
Gujarat Hy-Spin Limited reported a 51.6% decline in net profit to ₹4.70 lakh for FY26, driven by a 10.6% drop in revenue from operations to ₹8272.30 lakh. The board approved the audited results on May 29, 2026, while the auditor highlighted unverified inventory and debtor balances.
*this image is generated using AI for illustrative purposes only.
Gujarat Hy-Spin Limited reported a net profit of ₹4.70 lakh for the year ended March 31, 2026, a decline from ₹9.72 lakh in the previous fiscal year, as revenue from operations fell to ₹8272.30 lakh from ₹9255.63 lakh in FY25. The company’s board approved the standalone audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 29, 2026.
The statutory auditor, RPC & Co., issued an unmodified opinion on the financial results. However, the auditor’s report included an emphasis of matter noting that the management is responsible for inventory inspections and balance confirmations with debtors and creditors, which were not independently verified. Any adjustments to these values could impact the profit and net assets for the period.
Financial Performance
Total income for the year stood at ₹8386.84 lakh, compared to ₹9496.38 lakh in the previous year. Total expenses for FY26 were ₹8380.44 lakh, slightly lower than the ₹9483.02 lakh recorded in FY25. The company reported a basic and diluted earnings per share (EPS) of ₹0.03 for the year, down from ₹0.06 in the prior year.
For the half year ended March 31, 2026, the company reported a net profit of ₹34.68 lakh, compared to ₹39.32 lakh in the corresponding period of the previous year. Revenue from operations for the half year was ₹4718.89 lakh.
Key Financial Metrics
The following table summarizes the financial results for the year ended March 31, 2026:
| Particulars | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|
| Income | ||
| Net Sales/income from operations | 8272.30 | 9255.63 |
| Other Income | 114.54 | 240.75 |
| Total Income | 8386.84 | 9496.38 |
| Expenses | ||
| Cost of materials consumed | 6436.60 | 7282.50 |
| Employee benefits expenses | 334.88 | 382.06 |
| Finance Costs | 136.84 | 103.36 |
| Depreciation and amortisation expense | 161.62 | 162.65 |
| Other expenses | 1213.32 | 1376.39 |
| Total Expenses | 8380.44 | 9483.02 |
| Profit | ||
| Net Profit/(Loss) for the period | 4.70 | 9.72 |
Board Decisions
In addition to the financial results, the board appointed Monika V. Tyagi & Associates, Practicing Company Secretaries, as the Secretarial Auditor for the financial year 2025-26. The trading window for dealing in the company's securities will open 48 hours after the announcement of the financial results, in compliance with SEBI regulations.
Historical Stock Returns for Gujarat Hy Spin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +4.56% | -31.55% | -52.42% | +56.10% |
What strategic initiatives will the company implement to reverse the decline in revenue and profitability for the upcoming fiscal year?
How will the company address the auditor's concerns regarding the lack of independent verification for inventory and debtor balances?
Will the increase in finance costs continue to impact margins, and what plans are in place to manage debt more effectively?
15
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
