Maris Spinners reported a standalone net profit of ₹3.63 crore for the quarter ended June 30, 2026 (Q1FY27), reversing a net loss of ₹45.34 lakh recorded in the corresponding quarter of the previous financial year. The profit turnaround was supported by a 26.14% year-on-year increase in revenue from operations, which rose to ₹48.05 crore from ₹38.10 crore in Q1FY26. This performance signals an improvement in the company’s operational efficiency within its single segment of manufacturing and selling cotton-related products.

The Board of Directors approved the unaudited financial results and the accompanying cash flow statement during a meeting held on August 7, 2026. In addition to the financial outcomes, the Board approved the resignation of Mr. N Sridharan, Company Secretary and Compliance Officer, effective August 31, 2026. Ms. Shanmuga Priya was appointed as the new Company Secretary cum Compliance Officer with effect from September 1, 2026.

Financial Performance Highlights

Revenue from operations stood at ₹4,805.41 lakh in Q1FY27, compared to ₹4,591.43 lakh in the preceding quarter and ₹3,809.52 lakh in Q1FY26. Other income increased marginally to ₹161.66 lakh from ₹135.43 lakh in the previous quarter but remained lower than the ₹187.32 lakh recorded in Q1FY26.

Total expenditure decreased to ₹4,454.38 lakh in Q1FY27 from ₹4,689.17 lakh in Q4FY26. Cost of materials consumed was ₹2,879.07 lakh, down from ₹3,010.47 lakh in the previous quarter. Employee benefits expense rose to ₹381.75 lakh from ₹334.79 lakh, while finance costs remained stable at ₹208.74 lakh. Depreciation and amortisation expense increased slightly to ₹150.24 lakh.

What the Numbers Show

The most significant driver of the quarterly profitability was the expansion in operating margins despite a slight increase in employee costs. Profit before tax surged to ₹512.69 lakh from ₹37.69 lakh in the preceding quarter and compared favorably against the loss of ₹63.96 lakh in Q1FY26. Deferred tax expense accounted for ₹149.32 lakh of the total tax provision, contrasting with a deferred tax savings of ₹18.62 lakh in the same quarter last year. Earnings per share (basic) stood at ₹4.59, a sharp recovery from the loss of ₹0.57 per share in Q1FY26.

The financial results were reviewed by the Audit Committee and approved by the Board on August 7, 2026. The statement has been reviewed by the Statutory Auditors, M/s. Raghavan, Chaudhuri & Narayanan, Chartered Accountants, Bengaluru, who issued a limited review report with an unmodified opinion pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Maris Spinners has accepted the resignation of N. Sridharan from his positions as Company Secretary and Compliance Officer, effective August 31, 2026. The Chennai-based textile manufacturer disclosed the departure to the Bombay Stock Exchange on July 31, 2026, stating that Sridharan tendered his resignation due to health reasons.

The resignation was submitted in accordance with Clause 5 of Sridharan’s appointment letter dated May 29, 2020, which mandates a one-month notice period. Maris Spinners confirmed that Sridharan will be relieved from his duties at the close of business hours on Monday, August 31, 2026.

Regulatory Disclosure Details

The company notified the exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was further aligned with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, regarding changes in key managerial personnel.

Sridharan served as a Key Managerial Personnel (KMP) of the company since his appointment in May 2020. In his resignation letter, he expressed gratitude to the Board of Directors, CFO, and senior management for their support during his tenure.

Harigovind, Wholetime Director of Maris Spinners Ltd, signed the intimation letter addressed to the Corporate Relationship Department of BSE Limited. The company’s registered office is located at 11, Cathedral Road, Chennai.