Indo Count Industries has corrected the commissioning timeline for its spinning facility expansion in Kolhapur, Maharashtra, to Q2 of FY 2028. The company issued a corrigendum on June 1, 2026, to rectify an inadvertent clerical error in its previous intimation dated May 30, 2026, which had stated the project would be operational by Q2 of FY 2027. All other details of the disclosure remain unchanged.

The Board of Directors had previously sanctioned a capital expenditure of approximately ₹85 crore to expand and modernise the spinning facilities. The expansion project targets the company's spinning facility located in Alte, Kolhapur, increasing the installed capacity from 70,000 spindles to 94,000 spindles. This addition of 24,000 spindles is estimated to require an investment of ₹60 crore.

In addition to the capacity expansion, the company will modernise its existing spinning mill situated at Gokul Shirgaon, Kolhapur. This modernisation initiative involves an outlay of approximately ₹25 crore. The primary objective of this upgrade is to enhance operational efficiency and productivity at the plant.

The combined capital expenditure of ₹85 crore will be funded through a mix of debt and internal accruals. The investment is intended to balance the facility towards more value-added products. Currently, the existing capacity utilization at the Alte facility stands at 98%, indicating high operational efficiency prior to the expansion.

Project Details

Indo Count Industries Limited reported a 49.3% decline in consolidated profit after tax (PAT) to ₹127 crore for the financial year ended March 31, 2026, compared to ₹250 crore in the previous year. The board of directors, meeting on May 30, 2026, approved the audited standalone and consolidated financial results and recommended a final dividend of ₹1.50 per share, subject to shareholder approval. For the quarter ended March 31, 2026, the company reported a consolidated PAT of ₹24 crore, a 15% increase from ₹21 crore in the same period last year, while revenue from operations rose 5.8% to ₹1,088 crore.

Financial Performance

Q4 EBITDA increased 21.5% year-on-year to ₹116 crore, with the margin expanding to 10.7% from 9.3% in the corresponding quarter of the previous year. The company attributed the margin recovery to a better product mix, improved fixed-cost absorption, and a favourable exchange rate. On a standalone basis, annual PAT decreased to ₹1,446 crore from ₹2,372 crore in FY25. Total expenses for the consolidated entity in FY26 increased to ₹40,446 crore from ₹38,533 crore in the previous year.

The following table summarises the key financial metrics for the full year:

The Q4 performance is summarised below:

Operational Highlights

Revenue from new businesses scaled from $33 million in FY25 to $90 million in FY26, contributing to 19% of the total revenue compared to 7% in the previous year. The company noted an incremental impact of ₹882 lakh towards gratuity and ₹79 lakh towards compensated absences due to the new Labour Codes notified by the Government of India. Additionally, finance costs included an interest payment of ₹1,282 lakh made on delayed refund of IGST to the Maharashtra State GST authorities.

Future Guidance

The company has set a target to achieve approximately 30% revenue growth in FY27 to reach ~₹5,500 crore revenue with a ~13% EBITDA margin. Management stated that they are on track to double revenue by 2028 over the FY25 base, driven by the contribution of utility bedding and branded segments.

Dividend and Corporate Actions

The board recommended a final dividend of ₹1.50 per equity share of ₹2 each, representing 75% of the face value, for FY26. The record date for the dividend and the date of the AGM will be intimated in due course. The trading window for dealing in the company's equity shares will reopen 48 hours after the declaration of the financial results. M/s. Price Waterhouse Chartered Accountants LLP, the statutory auditors, issued an unmodified opinion on the audited financial results.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE483B01026/c7b66747dfdb4274.pdf