Shree Balaji (Mala) Textiles FY26 Results: Net profit up 17% to ₹57.8 crore
- Net profit rose 17.4% YoY to ₹57.8 crore in FY26
- Revenue grew 9.8% to ₹2,119.7 crore
- AGM to approve ₹300 crore borrowing limit increase
- Bonus issue of 64.85 lakh shares at 9:1 ratio
- No dividend declared for the fiscal year
*this image is generated using AI for illustrative purposes only.
Shree Balaji (Mala) Textiles Limited reported a 17.4% year-on-year rise in net profit to ₹57.82 crore for the financial year ended March 31, 2026. Revenue from operations grew by approximately 9.8% to ₹2,119.7 crore, reflecting steady progress in the cotton saree manufacturing segment.
The company scheduled its 21st Annual General Meeting for September 30, 2026. Shareholders will consider key resolutions including a significant increase in borrowing limits and board appointments.
Financial Performance Overview
Revenue from operations stood at ₹2,119.7 crore in FY26, compared with ₹1,930.4 crore in the previous fiscal year. Profit before tax improved to ₹79.3 crore from ₹64.6 crore. Total assets increased to ₹1,486.4 crore as of March 31, 2026, up from ₹1,388.8 crore in FY25.
| Metric | FY26 (₹ crore) | FY25 (₹ crore) | Change |
|---|---|---|---|
| Revenue from Operations | 2,119.7 | 1,930.4 | +9.8% |
| Profit Before Tax | 79.3 | 64.6 | +22.8% |
| Net Profit After Tax | 57.8 | 49.3 | +17.4% |
| Total Assets | 1,486.4 | 1,388.8 | +7.0% |
What the Numbers Show
Profit before tax grew at a faster rate (22.8%) than revenue (9.8%), indicating an improvement in overall earnings performance during the year. This divergence suggests better cost management or margin expansion relative to the top-line growth.
AGM Resolutions and Corporate Actions
The Board seeks shareholder approval for several strategic initiatives at the upcoming AGM:
- Borrowing Limit Increase: Approval to borrow up to ₹300 crore under Section 180(1)(c) of the Companies Act, 2013, to support business operations and expansion plans.
- Board Appointments: Regularization of Ms. Rishika Kedia’s appointment as Executive Director and re-appointment of Ms. Hemlata Kedia as Director.
- Secretarial Auditor: Appointment of Ms. Harsha Pugalia for a five-year term commencing from FY26.
Capital Structure and Dividends
The company issued 64.85 lakh bonus shares in a 9:1 ratio during the year. Consequently, the paid-up share capital rose to ₹72.05 crore from ₹7.2 crore. No dividend was recommended for FY26, with management citing future growth plans as the primary reason.
Working Capital Signals
Trade receivables increased to ₹1,042.7 crore from ₹939.1 crore, while inventories declined to ₹288.2 crore from ₹366.5 crore. The reduction in inventory levels alongside rising receivables may indicate shifting working capital dynamics, requiring continued monitoring of collection efficiency.
Historical Stock Returns for Shree Balaji (Mala) Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.91% | -14.07% | -40.73% | 0.0% | 0.0% | 0.0% |
How will the proposed ₹300 crore increase in borrowing limits impact the company's debt-to-equity ratio and interest coverage ratios in the coming fiscal years?
What specific expansion projects or operational upgrades is the company planning to fund with the additional debt capacity?
Given the significant rise in trade receivables outpacing revenue growth, what strategies will management implement to improve collection efficiency and mitigate credit risk?
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