Banswara Syntex Limited has delivered impressive financial results for Q3FY26, demonstrating robust operational performance across its diversified textile business segments. The company reported significant growth in profitability and maintained steady revenue performance despite challenging market conditions.

Financial Performance Highlights

The company's financial performance for Q3FY26 showcased strong profitability improvements with enhanced operational efficiency across all business divisions.

The company achieved an EBITDA margin of 12.2% in Q3FY26 compared to 10.7% in Q3FY25, while PAT margin improved to 3.9% from 3.0% in the corresponding previous quarter.

Division-wise Performance Analysis

Banswara Syntex's three core business divisions demonstrated varied performance patterns, with the garment division leading growth momentum.

The yarn division maintained steady performance with 48 lakh kgs sales volume and improved realizations from value-added products. The fabric division recorded stable operations at Rs 150 crore revenue with 59 lakh meters sales volume, focusing on wool blended and stretch fabrics. The garment division showed promising growth with 4% YoY revenue increase, driven by higher-realization products including jackets and suits.

Operational Efficiency and Strategic Focus

The company demonstrated improved operational discipline through enhanced product mix optimization and cost management initiatives. Jackets and suits contributed approximately 14% of volumes and 26% of garment revenue during Q3FY26, compared to 7% of volumes and 16% of revenue in Q2FY26, reflecting successful shift towards premium products.

Regional performance showed diversification benefits, with improved traction in the U.S. and Far East markets offsetting softness in select international regions. The company maintained focus on export-led growth supported by strong domestic and international brand relationships.

Balance Sheet and Capital Structure

The company's balance sheet reflects ongoing expansion investments with net debt increasing by Rs 39.03 crore to Rs 495.19 crore as of December 31, 2025, primarily due to capex and working capital requirements. The debt-equity ratio stood at 0.9x for 9MFY26, maintaining reasonable leverage levels.

The company has invested over Rs 917 crore towards expansion and modernization between FY2010 and December 2025, demonstrating long-term commitment to capacity enhancement and technological upgradation.

Banswara Syntex Limited , a prominent player in the textile industry, has announced significant changes in its top leadership following a successful postal ballot voting process that concluded on October 29, 2025. The shareholders overwhelmingly approved two special resolutions, reshaping the company's executive structure.

Leadership Transitions

The postal ballot resulted in the following key changes:

1. Ravindrakumar Toshniwal: His designation changed from Managing Director to Vice-Chairman, effective August 7, 2025. This position is now liable to retire by rotation.

2. Shaleen Toshniwal: Promoted from Joint Managing Director to Managing Director, also effective August 7, 2025. This position is not liable to retire by rotation.

Voting Results

The voting process, conducted through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL), saw strong shareholder participation and support. Here's a breakdown of the voting results:

Both resolutions were passed as Special Resolutions, indicating the shareholders' strong endorsement of these leadership changes.

Voting Process Details

• Record Date: September 26, 2025
• Voting Period: September 30, 2025 (9:00 A.M. IST) to October 29, 2025 (5:00 P.M. IST)
• Total Shareholders: 12,584
• Total Votes Polled: 19,180,858 (56.03% of total shares)

Shareholder Category-wise Participation

The high participation rate from the promoter group and the overall positive response from public shareholders underscore the confidence in the company's strategic decisions.

These leadership changes mark a significant moment in Banswara Syntex Limited's corporate journey. As the company moves forward with its new executive structure, stakeholders will be keenly watching how these transitions impact the company's strategic direction and performance in the competitive textile industry landscape.