United Textiles Limited has disclosed its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements during a meeting held on August 13, 2026, in Hisar.

The financial results were subjected to a limited review by the company's statutory auditors. In compliance with Regulation 30 and Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the results in The Pioneer and the vernacular newspaper Arthparkash on August 14, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 33 read with Regulation 47(1) of the SEBI (LODR) Regulations, 2015. The unaudited financial results, along with the limited review report, are accessible on the company's official website.

Vivek Aggarwal, Whole Time Director of United Textiles Limited, signed off on the intimation to the Bombay Stock Exchange Limited.

United Textiles Limited reported a net loss of ₹234.30 crore for the financial year ended March 31, 2026, reversing the net profit of ₹2.01 crore achieved in the previous year. The company's revenue from operations fell sharply to ₹418.89 crore in FY26 from ₹1,030.10 crore in FY25, reflecting significant operational challenges during the period. The total comprehensive income for the year stood at a loss of ₹229.99 crore, compared to a total comprehensive income of ₹2.69 crore in the prior year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s N.C. Aggarwal & Co, Chartered Accountants, the Statutory Auditors of the company, issued an audit report with an unmodified opinion on the financial statements. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013. Additionally, the Board approved the appointment of M/s Anil Yash & Associates as the Internal Auditors of the company for FY 2026-27.

Financial Performance

The company's expenses for the year totaled ₹739.88 crore, a decrease from ₹1,028.62 crore in FY25. Finance costs increased to ₹69.68 crore from ₹62.50 crore in the previous year, while depreciation and amortization expenses decreased to ₹100.40 crore from ₹118.86 crore. The loss before tax for FY26 was ₹315.85 crore, compared to a profit before tax of ₹2.19 crore in FY25.

Quarterly Results

For the quarter ended March 31, 2026, the company reported a net loss of ₹175.92 crore on a total revenue of ₹2.98 crore. In the corresponding quarter of the previous year, the company had reported a net loss of ₹1.16 crore on a total revenue of ₹170.60 crore. The steep decline in quarterly revenue was primarily due to negative revenue from operations recorded at ₹0.64 crore.

Balance Sheet Highlights

The total assets of the company decreased to ₹2,052.56 crore as of March 31, 2026, from ₹2,337.85 crore in the previous year. Shareholders' funds reduced to ₹820.12 crore from ₹1,050.10 crore, driven by a decrease in other equity reserves. Current borrowings increased to ₹799.83 crore from ₹652.88 crore, while non-current borrowings decreased to ₹207.52 crore from ₹330.06 crore.