Katare Spinning Mills Reports Reduced Net Loss in Q2 FY2026
Katare Spinning Mills Limited announced unaudited financial results for Q2 and H1 FY2026. Net loss decreased to ₹32.33 crore in Q2 from ₹47.23 crore in the previous year. Revenue dropped to ₹11.46 crore from ₹84.18 crore, primarily due to no revenue from cotton yarn manufacturing. Solar power generation contributed the entire revenue. Total assets slightly decreased to ₹12,011.34 crore. Auditors found no issues with the financial results presentation.
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Katare Spinning Mills Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showing a reduction in net loss compared to the same period last year.
Financial Performance
The company reported a net loss of ₹32.33 crore for Q2 FY2026, an improvement from the ₹47.23 crore loss in the corresponding quarter of the previous year. For the half-year period, the net loss stood at ₹58.67 crore, down from ₹89.12 crore in the previous year.
Revenue from operations for Q2 FY2026 was ₹11.46 crore, significantly lower than the ₹84.18 crore reported in the same quarter last year. This substantial decrease in revenue is primarily attributed to the cotton yarn manufacturing segment, which reported no revenue for the current quarter.
Segment-wise Performance
Katare Spinning Mills operates in two business segments:
- Cotton Yarn Manufacturing
- Solar Power Generation
The solar power generation segment contributed the entire revenue of ₹11.46 crore for the quarter, while the cotton yarn manufacturing segment reported no revenue.
Financial Highlights
| Particulars (in ₹ crore) | Q2 FY2026 | Q2 FY2025 | H1 FY2026 | H1 FY2025 |
|---|---|---|---|---|
| Revenue from Operations | 11.46 | 84.18 | 79.31 | 162.18 |
| Other Income | 3.91 | 1.03 | 7.57 | 3.67 |
| Total Revenue | 15.37 | 85.20 | 86.87 | 165.85 |
| Total Expenses | 47.70 | 132.43 | 145.55 | 254.97 |
| Net Loss | -32.33 | -47.23 | -58.67 | -89.12 |
Balance Sheet Overview
As of September 30, 2025, the company's total assets stood at ₹12,011.34 crore, slightly down from ₹12,069.45 crore as of March 31, 2025. The company's equity share capital remained unchanged at ₹285 crore.
Management Commentary
The Board of Directors approved these results at their meeting held on November 13, 2025. The company did not provide any specific management commentary on the results in the available data.
Auditor's Review
G M Pawle & Associates, the company's statutory auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.
While Katare Spinning Mills has shown some improvement in reducing its losses, the significant drop in revenue from the cotton yarn manufacturing segment may be a concern for investors. The company's focus on its solar power generation segment appears to be providing some stability to its operations in the current challenging environment for the textile industry.
Historical Stock Returns for Katare Spinning Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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