AYM Syntex Limited , a leading synthetic yarn manufacturer, has announced its financial results for the first quarter of fiscal year 2026, revealing a challenging period for the company. The firm also made a significant addition to its board with the appointment of a new independent director.

Financial Performance

For the quarter ended June 30, 2025, AYM Syntex reported:

The company experienced a decline in revenue from operations, which stood at ₹326.48 crore for Q1 FY26, down 5.97% compared to ₹347.19 crore in the same quarter last year. This represents a sequential decrease of 9.47% from the previous quarter's revenue of ₹360.62 crore.

AYM Syntex reported a net loss of ₹3.55 crore for the quarter, a significant downturn from the profit of ₹2.27 crore in Q1 FY25 and ₹2.03 crore in Q4 FY25. Consequently, the earnings per share (EPS) for the quarter was negative at ₹(0.61), compared to positive figures in both the previous quarter and the corresponding quarter of the last fiscal year.

Board Appointment

In a strategic move to strengthen its leadership, AYM Syntex's Board of Directors has appointed Mr. James Robert McCallum as an Additional Director in the capacity of Non-Executive and Independent Director. The appointment, effective from July 26, 2025, is for a five-year term until July 25, 2030, subject to shareholder approval at the upcoming 42nd Annual General Meeting.

Mr. McCallum brings over four decades of experience in the textile and flooring industry to AYM Syntex. A graduate of Leeds Metropolitan University, he has held senior positions at renowned companies such as Burlington Industries, Interface Inc., and Milliken. His extensive background includes roles as President of Lees Carpets, President of The Mohawk Group, and President of Milliken Floor Covering.

Corporate Governance

The company has confirmed that Mr. McCallum has not been debarred from holding the office of Director by any order from SEBI or other authorities, ensuring compliance with regulatory requirements.

AYM Syntex's Board meeting, which approved these results and the new appointment, commenced at 1:00 p.m. and concluded at 3:40 p.m. on July 26, 2025.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. Price Waterhouse Chartered Accountants LLP conducted a limited review of the financial statements, finding no material misstatements.

As AYM Syntex navigates through these challenging financial times, the addition of Mr. McCallum to the board may bring fresh perspectives and industry insights to help steer the company towards improved performance in the coming quarters.

AYM Sintex , a prominent player in the textile industry, has released its financial results for the fourth quarter of fiscal year 2023, revealing a substantial decline in net profit and EBITDA amid slightly lower revenue.

Sharp Decline in Net Profit and EBITDA

The company reported a net profit of ₹20.00 crore for Q4 FY2023, marking a significant decrease from ₹194.00 crore in the same quarter of the previous year. This represents a year-over-year decline of approximately 89.69%. The profit figure also shows a sequential drop from ₹34.00 crore reported in the previous quarter.

Additionally, AYM Sintex's Q4 EBITDA fell to ₹10.90 crore from ₹25.50 crore year-over-year. The company's EBITDA margin also declined, dropping to 3.01% from 6.81% in the same period last year.

Revenue Performance

AYM Sintex's revenue for the fourth quarter stood at ₹360.00 crore, slightly lower than the ₹370.00 crore reported in the corresponding quarter of the previous year. This represents a marginal decrease of about 2.70% year-over-year.

Quarterly Performance Overview

To provide a clearer picture of AYM Sintex's Q4 FY2023 performance, here's a comparison with the previous year's figures:

The substantial decrease in net profit and EBITDA despite only a slight dip in revenue suggests that the company may have faced significant challenges in managing costs or experienced other factors affecting its bottom line during the quarter.

Investors and analysts will likely be keen to understand the factors behind the significant profit and EBITDA decline, as well as the company's strategies to address these challenges in the coming quarters.