Hisar Spinning Mills net profit rises 13% in FY26; AGM on Sep 30
- Net profit rose 13% to ₹330.60 lakh in FY26 despite a 1.3% drop in revenue
- Operating margin expanded to 10.73% from 9.73% due to cost efficiency
- Total borrowings halved to ₹353.37 lakh, reducing debt-to-equity ratio to 0.12
- 34th AGM scheduled for September 30, 2026, with remote e-voting enabled
- No dividend declared; profits retained to conserve resources
*this image is generated using AI for illustrative purposes only.
Hisar Spinning Mills reported a 13% increase in net profit to ₹330.60 lakh for the financial year ended March 31, 2026 (FY26). The company has scheduled its 34th annual general meeting for September 30, 2026.
Financial Performance
The textile manufacturer saw its profit before tax rise to ₹433.94 lakh from ₹401.27 lakh in FY25. This improvement was supported by a reduction in finance costs to ₹33.06 lakh from ₹36.16 lakh, despite a significant increase in depreciation expense to ₹220.71 lakh from ₹130.50 lakh.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Total Income | ₹4,449.00 lakh | ₹4,508.97 lakh | -1.3% |
| Profit Before Tax | ₹433.94 lakh | ₹401.27 lakh | +8.1% |
| Net Profit | ₹330.60 lakh | ₹292.81 lakh | +12.9% |
| Earnings Per Share | ₹8.85 | ₹7.84 | +12.9% |
Revenue from operations stood at ₹4,410.94 lakh, down from ₹4,487.79 lakh in FY25. However, the operating profit margin expanded to 10.73% from 9.73%, reflecting improved cost efficiency. Other income increased to ₹38.06 lakh from ₹21.18 lakh, primarily driven by higher interest income on financial assets.
Balance Sheet Strength
The company significantly reduced its debt burden during the year. Total borrowings fell to ₹353.37 lakh from ₹718.92 lakh in FY25, leading to a sharp decline in the debt-to-equity ratio to 0.12 from 0.29. Cash and cash equivalents decreased to ₹232.46 lakh from ₹449.41 lakh, while total current assets remained robust at ₹2,249.97 lakh.
Corporate Actions
Hisar Spinning Mills has scheduled its 34th annual general meeting for September 30, 2026, at 10:00 am at its registered office in Hisar. The register of members will remain closed from September 23 to September 28, 2026, to determine eligible shareholders.
Members holding shares as of the cut-off date of September 23, 2026, can exercise remote e-voting through Central Depository Services Limited (CDSL). The e-voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm.
The AGM agenda includes:
- Adoption of audited financial statements for FY26.
- Re-appointment of Mrs. Sapna Kansal as director.
- Approval of remuneration increases for Chief Executive Officer Mr. Naveen Kansal and Whole Time Director Mrs. Sapna Kansal to ₹2,75,000 per month effective August 1, 2026.
No dividend was recommended for FY26 as the board decided to retain profits to conserve resources. The company continues to focus on operational efficiency and sustainability initiatives amidst global textile industry challenges.
Historical Stock Returns for Hisar Spinning Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +14.71% | +0.57% | -6.39% | 0.0% |
How will the significant reduction in debt-to-equity ratio to 0.12 impact Hisar Spinning Mills' future borrowing capacity and cost of capital?
What specific operational strategies or cost-cutting measures contributed to the expansion of the operating profit margin despite a 1.3% decline in total income?
Given the decision to retain profits rather than pay dividends, what capital expenditure projects or growth initiatives is the company planning for FY27?
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