Gini Silk Mills Reports Q1 FY26 Results: Revenue Up, Profit Down; Appoints New Auditors

1 min read Updated on 12 Aug 2025, 06:22 PM

Reviewed by

Naman SScanX News Team

Overview

Gini Silk Mills Limited released Q1 FY26 results, showing revenue growth of 4.58% to Rs 913.83 lakhs. However, net profit declined by 73.66% to Rs 13.85 lakhs. EPS decreased to Rs 0.25 from Rs 0.94. The company appointed M/s. Sandeep Dar & Co. as Secretarial Auditor for five years and M/s. Salgia & Co. as Internal Auditor for FY 2025-26.

*this image is generated using AI for illustrative purposes only.

Gini Silk Mills Limited , a textile company specializing in fine fabrics, has released its unaudited financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. The company reported a mixed performance with increased revenue but a decline in profitability compared to the same quarter last year.

Financial Highlights

Revenue from operations increased to Rs 913.83 lakhs, up from Rs 873.80 lakhs in Q1 FY25, marking a 4.58% year-over-year growth.
Net profit decreased to Rs 13.85 lakhs, compared to Rs 52.58 lakhs in the corresponding quarter of the previous year, representing a 73.66% decline.
Total comprehensive income stood at Rs 24.33 lakhs.
Earnings per share (EPS) decreased to Rs 0.25 from Rs 0.94 in Q1 FY25.

Key Financial Metrics

Particulars (in Rs. Lakhs)	Q1 FY26	Q1 FY25	YoY Change
Revenue from Operations	913.83	873.80	+4.58%
Net Profit	13.85	52.58	-73.66%
EPS (in Rs.)	0.25	0.94	-73.40%

Operational Performance

The company's financial results indicate a growth in revenue, suggesting an improvement in sales volume or pricing. However, the significant decrease in net profit and EPS points to increased costs or operational challenges during the quarter.

Board Decisions and Appointments

In addition to approving the quarterly results, the Board of Directors made several key decisions:

Recommended the appointment of M/s. Sandeep Dar & Co. as Secretarial Auditor for a term of five years, from FY 2025-26 to FY 2029-30.
Appointed M/s. Salgia & Co. as Internal Auditor for FY 2025-26.
Reviewed the Secretarial Audit Report for FY 2024-25.

Auditor Profiles

M/s. Sandeep Dar & Co., the proposed Secretarial Auditor, is a sole proprietorship firm based in Vashi, Navi Mumbai, with 35 years of experience in company law, SEBI laws, RBI, FEMA, and Intellectual Property Law.
M/s. Salgia & Co., the newly appointed Internal Auditor, is a proprietary firm located in Borivali, Mumbai, specializing in budgeting, auditing, tax, and business strategies.

The appointment of these auditors reflects Gini Silk Mills' commitment to maintaining high standards of corporate governance and financial oversight.

The company's board meeting, held on August 12, 2025, commenced at 3:00 PM and concluded at 4:00 PM, during which these financial results were approved and the auditor appointments were made.

Historical Stock Returns for Gini Silk Mills