SPL Industries FY26 net profit falls to Rs 706.10 lakh

SPL Industries reported a standalone net profit of Rs 706.10 lakh for the financial year ended March 31, 2026, a decrease from Rs 979.15 lakh in the previous year. Total revenue for the period stood at Rs 8,878.11 lakh, compared to Rs 15,319.61 lakh in FY25, as the company navigated challenging market conditions in the textile industry.

The company attributed the decline in financial performance to subdued domestic and export demand, pricing pressures, and geopolitical uncertainties affecting global trade. Despite the revenue contraction, the board has decided not to declare any dividend for the financial year 2025-26 to conserve resources.

Financial Performance

On a standalone basis, revenue from operations decreased to Rs 6,954.01 lakh from Rs 13,942.23 lakh in the prior year. Other income rose to Rs 1,924.10 lakh from Rs 1,377.38 lakh. The profit before tax stood at Rs 609.94 lakh, down from Rs 1,295.24 lakh in FY25. The earnings per share (EPS) for the reporting year was Rs 2.43.

Particulars	FY26 (Rs in Lakhs)	FY25 (Rs in Lakhs)
Revenue from Operations	6,954.01	13,942.23
Other Income	1,924.10	1,377.38
Total Revenue	8,878.11	15,319.61
Net Profit	706.10	979.15
Earnings Per Share	2.43	3.38

Operational Highlights

The company noted that the financial year was marked by volatile raw material prices and increased competition from low-cost manufacturing countries. Management stated that despite the lower profitability, the company remains financially strong and focused on operational efficiency and cost management to create long-term shareholder value.

The paid-up equity share capital as of March 31, 2026, was Rs 29.00 crore, consisting of 2,90,00,004 equity shares of Rs 10 each fully paid-up. The company’s equity shares are listed on BSE Limited and the National Stock Exchange of India Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.11%	-5.17%	-0.73%	+8.12%	-26.41%	-43.21%

SPL Industries Ltd has appointed M/s Raghu Nath Rai and Co. as its statutory auditors for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved the appointment of M/s Vatss & Associates as the internal auditor for the financial year 2026-27. These decisions were taken during a board meeting held on July 15, 2026.

The appointment of M/s Raghu Nath Rai and Co. is effective from the conclusion of the 35th AGM until the conclusion of the 40th AGM. The firm, established in 1967, is a Category I, CAG-empanelled firm with offices in New Delhi, Bhubaneswar, Bangalore, Mumbai, and Noida. The internal auditor, M/s Vatss & Associates, has been appointed for the audit period of FY27.

Key Approvals

The board approved several resolutions requiring shareholder ratification at the 35th AGM. These include maintaining the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013, and fixing limits for investments, loans, and guarantees under Sections 185 and 186 of the Act. Additionally, the board approved material related party transactions up to the AGM scheduled for 2027.

35th Annual General Meeting

The board approved the draft notice for the 35th AGM, which is scheduled to be held on Thursday, August 13, 2026, at 11:00 A.M. via Video Conferencing or Other Audio-Visual Means. The meeting will consider the appointment of auditors and other approvals as per the regulatory provisions.

Auditor	Firm	Term	Purpose
Statutory Auditor	M/s Raghu Nath Rai and Co.	5 years	Audit of financial statements
Internal Auditor	M/s Vatss & Associates	FY27	Internal audit and compliance

The board meeting commenced at 2:45 P.M. and concluded at 3:30 P.M. on July 15, 2026. The disclosures were made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.