Binny Mills Limited , a textile and investment property company, has reported a net loss of Rs 266.08 crore for the quarter ended September 30, 2025 (Q2 FY26), according to its latest financial results. This marks a significant improvement from the Rs 461.87 crore loss reported in the same period last year, indicating some progress in the company's financial performance.

Key Financial Highlights

Revenue and Operational Performance

The company's revenue from operations for Q2 FY26 stood at Rs 155.99 crore. A year-on-year comparison is not available in the provided data.

Financial Strain and Costs

Despite the reduction in net loss, Binny Mills continues to face significant financial challenges. The company's finance costs for the quarter were substantial at Rs 316.60 crore, which likely contributed to the overall loss. This high level of finance costs suggests that the company is dealing with considerable debt or other financial obligations.

Earnings Per Share

The earnings per share (EPS) for Q2 FY26 was reported at negative Rs 10.30, reflecting the impact of the net loss on shareholder value.

Segment Operations

Binny Mills Limited operates in two main segments:

1. Textiles
2. Investment Property

Specific segment-wise performance details were not provided in the available data.

Balance Sheet Overview

As of September 30, 2025, Binny Mills reported:

• Total Assets: Rs 41,301.61 lakh
• Total Equity: Rs -23,423.11 lakh (negative equity)
• Non-current Liabilities: Rs 14,069.73 lakh
• Current Liabilities: Rs 50,655.02 lakh

The negative equity position indicates that the company's liabilities exceed its assets, which is a concern for its financial stability.

Outlook and Challenges

While the reduction in net loss compared to the previous year is a positive sign, Binny Mills still faces significant challenges:

1. High finance costs continue to strain the company's profitability.
2. The negative equity position suggests ongoing financial distress.
3. The company needs to focus on improving its operational performance and reducing its debt burden to achieve sustainable profitability.

Investors and stakeholders will likely be closely watching Binny Mills' future quarters to see if the company can continue to reduce its losses and improve its financial position.

Binny Mills has made a significant move in its latest board meeting, approving the mortgaging of a substantial land parcel to facilitate a large loan for SPR Construction. The decision marks a notable development for the company, potentially impacting its asset utilization strategy.

Key Highlights

• Land Mortgage Approval: Binny Mills' board has given the green light to mortgage 28.23 acres of land.
• Loan Facilitation: The mortgage will enable a ₹750.00 crore loan for SPR Construction.
• Company's Role: Binny Mills clarified that it will not act as a guarantor or borrower in this transaction.
• Loan Responsibility: SPR Construction will bear sole responsibility for the loan.

Transaction Details

The board's decision to approve the mortgaging of 28.23 acres of land is a strategic move that allows SPR Construction to secure a substantial loan of ₹750.00 crore. This arrangement demonstrates Binny Mills' willingness to leverage its land assets to facilitate significant financial transactions for other entities.

Binny Mills' Position

It's important to note that Binny Mills has explicitly stated its position in this transaction:

1. The company will not serve as a guarantor for the loan.
2. Binny Mills will not assume the role of a borrower in this arrangement.
3. The entire responsibility for the loan rests with SPR Construction.

This clarification from Binny Mills underscores the company's intent to limit its financial exposure while still utilizing its land assets productively.

Implications

While the mortgage approval allows Binny Mills to potentially generate value from its land holdings, it also ties up a significant portion of its real estate assets. Shareholders and market analysts will likely be keen to understand the terms of this arrangement and any potential benefits that may accrue to Binny Mills as a result of this decision.

The move could be seen as part of Binny Mills' broader strategy for asset management and value creation. However, the long-term implications of this decision on the company's financial position and future land development opportunities remain to be seen.

As this transaction unfolds, stakeholders will be watching closely to assess its impact on Binny Mills' overall business strategy and financial health.