Shree Ram Twistex Limited reported a net profit of ₹466.20 lakh for the quarter ended September 30, 2026, marking a 31.1% increase from ₹355.54 lakh in the corresponding period last year.

The Rajkot-based cotton yarn manufacturer saw robust top-line growth, with revenue from operations rising 97.6% YoY to ₹13,603.50 lakh from ₹6,883.88 lakh in Q2FY26. This significant expansion was accompanied by a sharp rise in material costs, which grew to ₹10,961.68 lakh from ₹7,061.07 lakh YoY.

Financial Performance Highlights

The company’s operational momentum was evident in its quarterly figures. While revenue nearly doubled, the cost of materials consumed also increased substantially, impacting margins. The board meeting held on October 20, 2026, approved these unaudited financial results under Regulation 33 of the SEBI (LODR) Regulations, 2015.

What the Numbers Show

A divergence between pre-tax profitability and net profit is visible in the Q2FY27 results. While Profit Before Tax declined 73.2% YoY to ₹134.34 lakh, the Net Profit rose 31.1% to ₹466.20 lakh. This reversal is primarily driven by a tax benefit of ₹331.86 lakh in the current quarter, compared to a tax expense of ₹146.25 lakh in Q2FY26. Without this non-operational tax impact, the underlying operating performance would have shown a contraction despite the revenue surge.

Balance Sheet and Cash Flow Dynamics

The company’s balance sheet reflects aggressive working capital deployment. Trade receivables ballooned to ₹11,339.32 lakh as of September 30, 2026, from ₹1,518.02 lakh as of March 31, 2026. This sharp increase correlates with the revenue jump but also contributed to negative operating cash flows.

For the half-year ended September 30, 2026, the company recorded a net cash outflow of ₹2,187.46 lakh from operating activities. Cash and cash equivalents dropped significantly to ₹44.99 lakh from ₹3,427.31 lakh at the beginning of the fiscal year. To fund operations and capital expenditures, including the wind power project and machinery expansion, the company raised ₹2,210.00 lakh through borrowings during the period.

Shree Ram Twistex Limited adopted its audited financial statements for FY26 during its 13th Annual General Meeting (AGM) held on September 24, 2026. The company also approved the re-appointment of Rameshchandra Mohanlal Hirani as a director.

The meeting was conducted via Video Conferencing (VC) in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The session commenced at 3:00 pm and concluded at 3:43 pm, with a quorum of 55 members present.

Key resolutions passed

Shareholders voted on three ordinary business items as outlined in the AGM notice dated August 26, 2026:

The statutory auditors' report and secretarial auditors' report for FY26 did not contain any qualifications or adverse remarks. Consequently, these reports were taken as read during the proceedings.

Voting results and scrutiny

Practicing Company Secretary Sonu Jain submitted the scrutinizer's report detailing the outcome of remote e-voting and e-voting at the AGM. A total of 53 members cast their votes through remote e-voting, while no members voted via e-voting during the live meeting. The cut-off date for determining eligibility was September 17, 2026.

All three resolutions were passed with requisite majority. The detailed voting breakdown is as follows:

No invalid votes were recorded for any resolution. Promoters and promoter group voted unanimously in favour of all three items. Public shareholders, primarily non-institutional investors, showed minor dissent, particularly regarding the cost auditor remuneration, where 9,045 votes were cast against.

Board and management participation

Bhaveshbhai Bikhjubhai Ramani, Managing Director, chaired the meeting. The board and senior management team attended virtually, including:

• Jay Atulbhai Tilala, Whole Time Director and CFO
• Rameshchandra Mohanlal Hirani, Non-executive Director
• Amita Chhaganbhai Ragada, Independent Director
• Bhuvnesh Kumar, Independent Director
• Chirag Kantilal Patel, Independent Director
• Sejal Tapan Gajjar, Company Secretary

Ms. Sonu Jain served as the scrutinizer to ensure fair voting processes. Remote e-voting was available through the NSDL platform from September 21 to September 23, 2026.