Super Spinning Mills Q1 Results: Net profit rises to ₹55.89 lakh
Super Spinning Mills Limited reported a net profit of ₹55.89 lakh for Q1FY27, reversing a previous quarter's loss of ₹713.39 lakh. Rental services drove the turnaround with ₹82.17 lakh in pre-tax operating profit, while discontinued textile operations recorded a minor loss of ₹5.83 lakh after tax.
*this image is generated using AI for illustrative purposes only.
super spinning mills reported a consolidated net profit of ₹55.89 lakh for the quarter ended June 30, 2026, marking a sharp recovery from a net loss of ₹713.39 lakh recorded in the same quarter of the previous fiscal year. The Board of Directors approved the unaudited financial results on August 6, 2026, highlighting that the profit was primarily driven by the company’s continuing rental services segment, which posted a robust operational performance despite ongoing losses from discontinued textile activities.
The statutory auditors, C S K Prabhu and Co LLP, issued a limited review report dated August 6, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in accordance with Ind AS 34 and other generally accepted accounting principles in India. No dividend was declared during the quarter.
Financial Performance Overview
The company’s total income from operations stood at ₹149.51 lakh, comprising net sales from rental services. Other income contributed ₹8.53 lakh, primarily from interest income. Total expenses for the quarter amounted to ₹102.13 lakh, including employee benefit expenses of ₹6.65 lakh, power and fuel costs of ₹4.87 lakh, and finance costs of ₹26.25 lakh. Depreciation and amortization expenses were recorded at ₹32.15 lakh.
| Particulars | Q1FY27 (₹ lakh) | Q1FY26 (₹ lakh) | Change |
|---|---|---|---|
| Net Sales / Income from Operations | 149.51 | 150.40 | -0.59% |
| Other Income (Net) | 8.53 | 9.40 | -9.26% |
| Total Income | 158.04 | 159.80 | -1.10% |
| Total Expenses | 102.13 | 110.94 | -7.94% |
| Profit Before Tax (Continuing Ops) | 55.92 | 48.86 | 14.45% |
| Profit After Tax (Continuing Ops) | 61.72 | 36.15 | 70.73% |
| Loss from Discontinued Operations (After Tax) | (5.83) | (41.34) | -85.90% |
| Net Profit / (Loss) | 55.89 | (5.19) | Turnaround |
Profit before tax from continuing operations rose to ₹55.92 lakh from ₹48.86 lakh in Q1FY26. After accounting for a deferred tax benefit of ₹5.81 lakh, profit from continuing operations reached ₹61.72 lakh. In contrast, discontinued textile operations incurred a loss of ₹5.83 lakh after tax, compared to a loss of ₹41.34 lakh in the prior year period.
Segment Analysis and Asset Position
The rental services segment remains the sole contributor to revenue, generating ₹149.51 lakh in sales. This segment reported a profit before tax and finance costs of ₹82.17 lakh, compared to a loss of ₹75.26 lakh in Q1FY26. The textile segment, classified as discontinued, reported no revenue but incurred expenses of ₹4.63 lakh, leading to a pre-tax loss of the same amount.
Total assets under continuing operations decreased slightly to ₹8,974.30 lakh from ₹8,980.59 lakh at the end of FY26. Liabilities associated with continuing operations fell to ₹1,667.84 lakh from ₹1,730.01 lakh. Conversely, assets related to discontinued operations remained minimal at ₹3.52 lakh, while liabilities stood at ₹2,315.07 lakh.
What the Numbers Show
The most significant development in Super Spinning Mills’ Q1FY27 results is the decoupling of profitability from its legacy textile business. With textile operations fully discontinued, the company’s financial health is now entirely dependent on its rental services segment. The shift from a consolidated net loss of ₹713.39 lakh in Q4FY26 to a profit of ₹55.89 lakh in Q1FY27 underscores the stabilizing effect of the rental portfolio. However, the persistence of liabilities totaling ₹2,315.07 lakh against negligible assets of ₹3.52 lakh in the discontinued segment indicates that the company still carries substantial residual obligations from its former textile activities, which may continue to impact cash flows through finance costs and potential restructuring charges.
Historical Stock Returns for Super Spinning Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.89% | +11.72% | +20.22% | -18.28% | -33.13% | -53.38% |
What is the management's strategy for resolving the ₹2,315.07 lakh liabilities associated with the discontinued textile segment?
How sustainable is the rental services revenue stream given the slight 0.59% decline in net sales compared to the previous year?
Will the company consider asset divestment or restructuring to further reduce the high finance costs of ₹26.25 lakh?
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