RSWM Limited , the flagship company of the LNJ Bhilwara Group, has released its Integrated Annual Report for the financial year ended March 31, 2026, marking a decisive turnaround from loss to profit under its RSWM 2.0 transformation framework. The Company reported a Net Profit After Tax of ₹51.98 Crore for FY26, compared to a Loss After Tax of ₹41.28 Crore in FY25, driven by disciplined cost control, strategic asset rationalisation, and a deliberate shift from volume-led to margin-focused operations.

Key Financial Performance — FY26

Despite a 5.6% year-on-year decline in revenue from operations to ₹4,553.98 Crore, the Company delivered meaningful margin expansion across all profitability metrics. The following table summarises the key financial results:

The reported PAT includes a one-time benefit of ₹22.66 Crore arising from the reassessment of deferred tax liabilities following the Company's election of the new concessional corporate tax rate of 25.17% effective FY27 under the Income Tax Act, 2025. Normalised PAT, excluding this tax adjustment, stood at approximately ₹29 Crore.

Other income rose 74.6% to ₹51 Crore, partly reflecting the monetisation of non-core assets. Gross profit improved to ₹1,753 Crore, up 1.4% year-on-year, with gross margin expanding by 246 basis points to 38.1%, supported by better raw material management with costs down 9.6% year-on-year.

RSWM 2.0 — Strategic Pillars Driving the Turnaround

The RSWM 2.0 framework, launched in FY26, rests on four interlocking pillars that guided operational and capital decisions through the year.

1. Cash Conservation and Liquidity Optimisation Working capital costs were held below 9%. Tactical engagement with the repo rate cycle — which compressed from 6.5% to 5.2% — delivered a ₹7 Crore finance cost saving. The ₹36 Crore preferential warrant subscription by the Promoter Group reaffirmed promoter conviction in the strategy.

2. Product and Market Mix Optimisation The conversion of 20,000 spindles at the Kharigram unit from grey to dyed yarn exemplifies the value-addition mandate. Value-added products currently contribute less than 20% of sales, representing significant runway for margin-accretive growth.

3. Forward Integration into Value-Added Segments A ₹92 Crore investment in the Knit division lifts capacity from 750 MT to 900 MT per month, with 120 MT of in-house printing capability added — a segment in which the Company previously had no footprint. European machinery acquired from BAKPL at ₹54 Crore brings energy-efficient equipment into the manufacturing network.

4. Operational Cost Rationalisation and Capital Allocation Discipline Renewable sources now power 70% of total energy consumption, anchored by a 60 MW round-the-clock partnership with Adani Green Energy Solutions and a 9.6 MW behind-the-meter solar installation. All thermal boilers are transitioning from coal to biofuels. The cumulative annualised benefit to the bottom line is estimated at ₹30–40 Crore. Year-on-year power and fuel expenses declined by ₹17.6 Crore.

Strategic Asset Rationalisation

Two pivotal decisions shaped the FY26 operational landscape:

The Company also monetised non-viable spinning machines at the Chhata unit, its thermal power plant and surplus land at Jammu, converting dormant balance-sheet items into deployable capital.

Business Division Performance

The following table summarises key operational metrics across business divisions for FY26:

The Denim Division achieved approximately 100% capacity utilisation against an industry average of approximately 70%, underscoring its operational agility and demand strength. The Synthetic Yarn division developed and sold 1,980 tonnes of specialised yarn variants per month during FY26.

New Growth Engines

LNJ GreenPET at Ratlam: RSWM acquired 100% equity shareholding in LNJ GreenPET Private Limited for a total consideration of ₹20.01 Crore. The subsidiary is setting up a greenfield facility in Ratlam, Madhya Pradesh, at an investment of ₹427 Crore to produce bottle-to-bottle, food-grade recycled PET (rPET) chips and granules using Starlinger European technology, funded through a 70:30 debt-equity structure. The project is expected to generate annual revenue of ₹475–500 Crore at full maturity.

The Ringas facility currently processes nearly 6.5 million PET bottles every day, with recycled polyester contributing 50% of total polyester production, up from less than 10% at inception.

Credit Rating and Corporate Governance

India Ratings & Research (Ind-Ra) revised the Company's outlook from Negative to Stable while affirming its long-term issuer rating at IND A. The Board comprised 11 Directors as at March 31, 2026, including 6 Independent Directors (54.54% of the Board) and 1 Woman Director. Five Board meetings were held during FY26 with 95% attendance.

The Board has not recommended any dividend on equity shares for the year ended March 31, 2026. An amount of ₹801.69 Crore has been carried over to the next year.

Annual General Meeting and Key Ratios

The 65th Annual General Meeting is scheduled for Wednesday, 26th August, 2026 at 2:00 PM via Video Conferencing/Other Audio-Visual Means. The record date for e-voting is 19th August, 2026.

Key financial ratios for FY26 versus FY25 are presented below:

The Company's total contribution to the exchequer in terms of taxes and duties stood at ₹342.60 Crore for FY26. CSR expenditure for the year amounted to ₹32.26 Lakh, directed towards preventive healthcare, safe drinking water and promotion of education.

RSWM Limited has scheduled its Q1 FY27 earnings conference call for Wednesday, August 05, 2026, at 5:30 PM (IST). The company will discuss its unaudited financial results for the quarter ended June 30, 2026, providing investors with an opportunity to review performance metrics and ask questions directly to the management team.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Surender Gupta, Chief Compliance Officer & Company Secretary, issued the intimation on July 29, 2026. The filing confirms that the press release and investor presentation will be available on the company’s website under the Investor Relations section following the results announcement.

Conference Call Details

Investors can participate in the call via dial-in numbers or through a web-based platform. The session will begin with a brief discussion by the company's management on earnings performance, followed by an interactive Q&A segment.

Participants can also join via the Diamond Pass link provided in the official notice. For further information, investors may contact rswm.investor@lnjbhilwara.com .

Corporate Information

RSWM Limited, formerly known as Rajasthan Spinning & Weaving Mills Limited, maintains its corporate office at Bhilwara Towers, Noida, and its registered office in Bhilwara, Rajasthan. The company is listed on both BSE Limited (Scrip Code: 500350) and National Stock Exchange of India Limited (Scrip Code: RSWM).

What This Means for Investors

The upcoming call serves as the primary channel for stakeholders to understand the operational and financial health of the business for Q1 FY27. While specific revenue or profit figures are not disclosed in this scheduling notice, the management’s commentary during the call will likely highlight key drivers of performance, margin trends, and strategic initiatives for the remainder of the fiscal year. Investors should monitor the company’s website for the detailed financial presentation post-call.