Suryalata Spinning Mills Limited reported a 3.5% decline in standalone net profit to ₹4.13 crore for the quarter ended June 30, 2026, driven by higher operational costs including power and fuel expenses. Despite the standalone dip, consolidated net profit rose marginally by 1.0% to ₹5.90 crore, reflecting improved performance in its subsidiaries. The Board of Directors approved these unaudited financial results on July 25, 2026, in Secunderabad, alongside key corporate governance decisions including the continuation of an independent director and the scheduling of the 43rd Annual General Meeting (AGM).

The disclosure was made pursuant to Regulation 30 and Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Vithaldas Agarwal signed the submission to BSE Limited. The results were reviewed by the audit committee and accompanied by a limited review report with an unmodified conclusion from the statutory auditor, M/s K.S. Rao & Co., Chartered Accountants, as required under Regulation 33 of the SEBI LODR Regulations.

Financial Performance

Standalone revenue from operations fell 2.1% to ₹120.55 crore compared to ₹123.13 crore in Q1FY26. Total expenses amounted to ₹115.70 crore, up from ₹118.25 crore in the prior-year quarter, reflecting changes in inventory valuation that offset some cost pressures. Profit before tax declined to ₹5.63 crore from ₹5.72 crore year-on-year. Tax expense was ₹1.50 crore, resulting in a profit after tax of ₹4.13 crore. Earnings per share (basic and diluted) were ₹9.68, compared to ₹10.04 in Q1FY26.

On a consolidated basis, revenue from operations decreased 1.8% to ₹123.84 crore from ₹126.09 crore year-on-year. Total expenses were ₹116.33 crore, compared to ₹118.88 crore in the prior-year quarter. Profit before tax rose to ₹7.75 crore from ₹7.31 crore. Consolidated profit after tax was ₹5.90 crore, up from ₹5.84 crore year-on-year. Consolidated earnings per share were ₹13.82, compared to ₹13.69 in Q1FY26.

Corporate Governance and Shareholder Updates

The Board approved the continuation of Sri Meka Yugandhar (DIN: 00012265) as a Non-Executive Independent Director beyond the age of 75 years, subject to shareholder approval at the upcoming AGM. His term extends until June 28, 2029. Meka Yugandhar brings over four decades of experience in financial services and is not related to other directors or key managerial personnel of the company.

Pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the record date for determining members eligible to receive the final dividend and participate in the AGM for the financial year ended March 31, 2026, has been fixed as August 14, 2026. The register of members and share transfer books will remain closed from August 17, 2026, to August 24, 2026, both days inclusive, for determining eligibility for the AGM. The 43rd AGM is scheduled for August 24, 2026, to be conducted via video conference or other audio-visual means.

Suryalata Spinning Mills Limited reported a consolidated net profit of ₹3,546 lakh for the financial year ended March 31, 2026, marking a substantial increase from ₹1,537 lakh in the previous year. The company’s standalone net profit for the period stood at ₹2,894 lakh, compared to ₹982 lakh in FY25. The Board of Directors has recommended a dividend of ₹2 per equity share, or 20%, specifically for non-promoter shareholders, subject to shareholder approval at the ensuing Annual General Meeting.

The Board, in its meeting held on May 25, 2026, approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s K.R.S. & Co., Chartered Accountants, issued an unmodified opinion on the annual financial statements. Revenue from operations for the consolidated entity for FY26 was ₹49,923 lakh, slightly higher than ₹49,945 lakh in the previous year. Standalone revenue from operations for the year was ₹49,012 lakh, compared to ₹49,106 lakh in FY25.

Financial Performance

The company’s profitability improved significantly despite marginal revenue movements. Total comprehensive income for the consolidated entity rose to ₹3,574 lakh in FY26 from ₹1,584 lakh in the prior year. On a standalone basis, total comprehensive income increased to ₹2,923 lakh from ₹1,029 lakh. The earnings per share (EPS) for the consolidated entity on a basic and diluted basis (not annualised) was ₹83.10 for FY26, up from ₹36.03 in the previous year. Standalone EPS was reported at ₹67.82, compared to ₹23.01 in FY25.

Key Financial Metrics (Consolidated, Amount in Lakhs)

Board Decisions and Appointments

Alongside the financial results, the Board approved several key appointments. Sri. Gautam Damodar Sawang (DIN: 11219711) was appointed as an Independent Director for a term of five years effective May 25, 2026, subject to shareholder approval. The Board also re-appointed M/s Brahmayya & Co as the Internal Auditor and M/s Aruna Prasad & Co as the Cost Auditor for the financial year 2026-27.

The Board recommended a dividend of 8%, or ₹8 per share, on Cumulative Redeemable Preference Shares with a face value of ₹100 each for FY26. Additionally, the company noted that promoters have volunteered to waive the dividend on their holdings of equity shares for the financial year 2025-26. The meeting commenced at 3.45 P.M. and concluded at 5.25 P.M. on May 25, 2026.