Suryavanshi Mills turns profitable with ₹132.23 lakh net profit in FY26
Suryavanshi Spinning Mills Limited returned to profitability in FY26 with a net profit of ₹132.23 lakh, compared to a net loss of ₹167.89 lakh in the previous year. Revenue from operations for the year ended March 31, 2026, increased significantly to ₹692.03 lakh from ₹111.19 lakh in FY25. The board approved the audited financial results on May 20, 2026, and appointed M/S. LANS & Co. as internal auditor for FY27.
*this image is generated using AI for illustrative purposes only.
Suryavanshi Spinning Mills Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a turnaround in its financial performance, posting a net profit of ₹132.23 lakh for the full year, a significant improvement from the net loss of ₹167.89 lakh recorded in the previous fiscal year.
Financial Performance Overview
The company's revenue from operations for the year ended March 31, 2026, stood at ₹692.03 lakh, a sharp increase compared to ₹111.19 lakh in the prior year. Total income for the period rose to ₹700.00 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹60.61 lakh, while revenue from operations for the quarter was ₹175.24 lakh.
The board of directors, in its meeting held on May 20, 2026, approved the audited financial results along with the balance sheet and cash flow statement. Additionally, the board appointed M/S. LANS & Co. as the internal auditor of the company for the financial year 2026-27.
Key Financial Metrics
The following table outlines the key financial figures for Suryavanshi Spinning Mills Limited for the year ended March 31, 2026, compared to the previous year:
| Particulars | Year Ended March 31, 2026 (₹ in Lakhs) | Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 692.03 | 111.19 |
| Total Income | 700.00 | 282.97 |
| Total Expenses | 645.63 | 352.58 |
| Profit for the period | 132.23 | (167.89) |
| Earnings Per Share (Basic) | 2.69 | (3.42) |
Operational and Strategic Updates
The company continues to face challenges related to accumulated losses, which stood at ₹2,482.58 lakh as of March 31, 2026. Despite current liabilities exceeding current assets, the financial statements have been prepared on a going concern basis, considering the market value of the company's immovable properties.
The board had previously resolved to discontinue the operations of its spinning division effective November 1, 2023, due to continued cash losses. Consequently, the non-current assets of this division have been classified as assets held for sale as of March 31, 2026. The financial performance of the spinning division is presented as discontinued operations in the statement of profit and loss.
Will Suryavanshi Spinning Mills be able to sustain its revenue growth trajectory in FY2027, given that its Q4 FY2026 still reported a net loss of ₹60.61 lakh despite the full-year turnaround?
How soon does the company plan to complete the sale of its discontinued spinning division's assets, and what impact will the proceeds have on reducing its accumulated losses of ₹2,482.58 lakh?
What new business segments or revenue streams is Suryavanshi Spinning Mills pursuing to replace the income lost from discontinuing its spinning operations in November 2023?
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