Parmeshwari Silk Mills reports higher net profit in FY26
Parmeshwari Silk Mills Limited reported a 14% increase in net profit to ₹861.66 lakh for FY26, with revenue from operations rising to ₹24064.98 lakh. The statutory auditor issued an unmodified opinion but highlighted lapses in inventory verification and confirmations for trade receivables and payables. Consolidated net profit for the year stood at ₹996.67 lakh.
*this image is generated using AI for illustrative purposes only.
Parmeshwari Silk Mills Limited reported a net profit of ₹861.66 lakh for the financial year ended March 31, 2026, an increase from ₹756.05 lakh in the previous year. Revenue from operations for the year stood at ₹24064.98 lakh, compared to ₹22825.81 lakh in FY25. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026.
The statutory auditor, M/s. Montek S & Associates, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. However, the auditor drew attention to specific matters in an emphasis of matter paragraph. The closing inventory as of March 31, 2026, was based on a stock statement certified by management, and no physical verification of inventory was conducted during the year. Additionally, the company did not obtain balance confirmations from certain trade receivables and trade payables as of the reporting date. The company also did not provide for interest on delayed payments made to MSMEs.
For the quarter ended March 31, 2026, the company reported a net profit of ₹217.70 lakh, down from ₹266.96 lakh in the quarter ended December 31, 2025. Revenue from operations for the quarter was ₹6086.34 lakh. Total income for the quarter was ₹6105.86 lakh, while total expenses amounted to ₹5861.66 lakh.
Financial Performance
The table below summarizes the standalone financial results for the year ended March 31, 2026:
| Particulars | Year Ended March 31, 2026 (₹ in Lakh) | Year Ended March 31, 2025 (₹ in Lakh) |
|---|---|---|
| Revenue from Operations | 24064.98 | 22825.81 |
| Total Income | 24098.71 | 22866.06 |
| Total Expenses | 23031.52 | 21830.58 |
| Profit for the period | 861.66 | 756.05 |
| Earnings per share (Basic) | 28.71 | 25.19 |
On a consolidated basis, the company reported a net profit of ₹996.67 lakh for FY26, compared to ₹864.54 lakh in the previous year. Consolidated revenue from operations increased to ₹24901.27 lakh from ₹23336.22 lakh in FY25. The consolidated results include the financials of subsidiary Harappa Textile Mills Private Limited.
The company confirmed that it is not a Large Corporate (LC) as per the criteria specified in the SEBI circular dated October 19, 2023, regarding outstanding qualified borrowings. Outstanding qualified borrowings at the end of the financial year were ₹39.56 crore, down from ₹40.20 crore at the start of the year.
Historical Stock Returns for Parmeshwari Silk Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.97% | +27.50% | +47.48% | +117.76% | +524.40% | +1,032.67% |
How will the lack of physical inventory verification and balance confirmations impact investor confidence and the company's audit rating in the next fiscal year?
What measures is the company taking to address the decline in quarterly net profit from Q3 FY26 to Q4 FY26?
Will the company provide for the interest on delayed payments to MSMEs in the upcoming financial year, and what is the estimated potential liability?
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