Swadeshi Polytex reports FY26 profit of ₹417.57 Lakhs
Swadeshi Polytex Limited reported a profit after tax of ₹417.57 Lakhs for FY26, up from ₹227.59 Lakhs in the previous year. Total income increased to ₹797.58 Lakhs, driven by higher other income. The Board has proposed the re-appointment of Mr. Gaurav Swarup and Mr. Ashutosh Gupta as directors and decided not to declare a dividend for the year to conserve resources.
*this image is generated using AI for illustrative purposes only.
Swadeshi Polytex Limited reported a profit after tax of ₹417.57 Lakhs for the financial year ended March 31, 2026, compared to ₹227.59 Lakhs in the previous year. Total income increased to ₹797.58 Lakhs from ₹760.76 Lakhs in the prior year, primarily driven by a rise in other income to ₹796.20 Lakhs. Revenue from operations for the year stood at ₹1.38 Lakhs. The Board has decided not to recommend any dividend for the financial year ended March 31, 2026, to conserve financial resources and strengthen long-term stakeholder value.
Financial Performance
The company’s profit before tax from continuing operations rose to ₹506.04 Lakhs in FY26 from ₹346.28 Lakhs in FY25. Total expenditure for the year decreased to ₹291.54 Lakhs from ₹414.48 Lakhs in the previous year. The company earned a profit of ₹417.57 Lakhs during the financial year 2025–26, which has been retained in the Statement of Retained Earnings. No amount was transferred to the General Reserve during the year.
| Particulars | Year Ended 31.03.2026 (Rs. in Lakhs) | Year Ended 31.03.2025 (Rs. in Lakhs) |
|---|---|---|
| Revenue from Operations | 1.38 | 40 |
| Other Income | 796.20 | 720.76 |
| Total Income | 797.58 | 760.76 |
| Total Expenditure | 291.54 | 414.48 |
| Profit before tax | 506.04 | 346.28 |
| Profit after tax | 417.57 | 227.59 |
Board and Governance
Pursuant to the provisions of the Companies Act, 2013, Mr. Gaurav Swarup (DIN: 00374298) and Mr. Ashutosh Gupta (DIN: 09043439) are liable to retire by rotation at the ensuing Annual General Meeting and, being eligible, have offered themselves for re-appointment. The Board comprises eight members, including four Independent Directors. The company has appointed M/s. SANMARK & Associates, Chartered Accountants, as Statutory Auditors for a term of five years.
Operational and Strategic Updates
During the financial year under review, the company continued to operate in the real estate development and allied business activities. The company is actively exploring prospective development projects and investment opportunities in the real estate sector to strengthen its operational base and enhance future revenue potential. The company made investments in mutual funds, including Kotak Equity Arbitrage Fund, SBI Arbitrage Opportunities Fund, ICICI Prudential Equity Arbitrage Fund, and HDFC Arbitrage Fund, amounting to ₹10 Crore each.
Historical Stock Returns for Swadeshi Polytex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.08% | +5.67% | +7.56% | -22.75% | -44.14% | +547.36% |
How does the company plan to utilize the retained earnings to revive its operational revenue, which currently stands at just ₹1.38 Lakhs?
What specific criteria or timeline will guide the exploration of prospective real estate development projects mentioned in the strategic update?
With ₹40 Crore invested in arbitrage funds, what is the company's strategy for balancing these liquid investments with capital-intensive real estate development?
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