Super Spinning Mills Limited has received credit ratings from CARE Ratings for its bank facilities, reflecting the company's recent operational and financial performance.

Credit Ratings Breakdown

Rating Details

CARE Ratings has reaffirmed the 'CARE BB+ Stable' rating for Super Spinning Mills' long-term bank facilities, while newly assigning a 'CARE A4+' rating for its short-term facilities.

Implications of the Ratings

• The 'BB+' rating for long-term facilities suggests that the company has moderate risk of default regarding timely servicing of financial obligations.
• The 'A4+' rating for short-term facilities indicates minimal risk of default for short-term financial obligations.

These ratings provide stakeholders, including investors and lenders, with an independent assessment of Super Spinning Mills' creditworthiness. They serve as indicators of the company's ability to meet its financial commitments and may influence its access to credit and the terms on which it can borrow.

Investors and stakeholders should note that credit ratings are subject to periodic review and may change based on the company's future performance and market conditions.

Super Spinning Mills Limited has announced its financial results for the quarter ended September 30, 2025, revealing a mixed performance with profits from continuing operations counterbalanced by losses from discontinued textile operations.

Financial Highlights

• Net Profit: The company reported a net profit of Rs 25.74 lakhs for the quarter.
• Revenue: Revenue from operations stood at Rs 158.52 lakhs, compared to Rs 158.63 lakhs in the same quarter last year.
• Segment Performance:
  • Continuing Operations (Rental Services): Profit of Rs 49.54 lakhs
  • Discontinued Operations (Textiles): Loss of Rs 23.80 lakhs

Detailed Financial Performance

Segment-wise Analysis

The company's financial results reflect its transition following the discontinuation of textile operations:

1. Continuing Operations (Rental Services):

   • Revenue: Rs 158.52 lakhs
   • Segment Results: Rs 103.10 lakhs (before tax and finance cost)

2. Discontinued Operations (Textiles):

   • The textile segment reported a loss of Rs 32.16 lakhs before tax.

Key Observations

• The company's rental services segment has shown resilience, generating positive results.
• Discontinued textile operations continue to impact overall profitability negatively.
• Finance costs have decreased to Rs 36.15 lakhs in Q2 FY2026 from Rs 52.34 lakhs in Q2 FY2025.

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: Rs 9,968.45 lakhs
• Total Equity: Rs 5,539.76 lakhs
• Total Liabilities: Rs 4,428.70 lakhs

Management Commentary

The Board of Directors approved these unaudited financial results at their meeting held on November 10, 2025. The company had previously informed stock exchanges about the discontinuation of its textile operations on August 31, 2023.

Earnings Per Share

• Basic EPS for continuing operations: Rs 0.09
• Basic EPS for discontinued operations: Rs (0.04)
• Combined Basic EPS: Rs 0.05

Investors and analysts may note that these results reflect the company's ongoing transition phase as it moves away from textile operations and focuses on its rental services segment. The positive performance of the continuing operations suggests potential for future growth, while the company continues to manage the impact of its discontinued textile business.

Note: All figures are based on the unaudited financial results for the quarter ended September 30, 2025, as reported by Super Spinning Mills Limited.