Maris Spinners Reports Reduced Quarterly Loss, Revenue Growth in Q2 FY2026

Maris Spinners Limited , a textile manufacturing company, has reported its financial results for the second quarter and half-year ended September 30, 2025. The company showed signs of improvement with a reduced net loss and increased revenue compared to the previous quarter.

Financial Performance

For the quarter ended September 30, 2025, Maris Spinners reported:

Particulars (in Rs. crore)	Q2 FY2026	Q1 FY2026	Q2 FY2025
Total Income	34.06	31.90	32.37
Net Loss	2.28	5.31	1.15

The company's total income for Q2 FY2026 stood at Rs 34.06 crore, showing an improvement from Rs 31.90 crore in the previous quarter. However, when compared to the same quarter last year (Q2 FY2025), which reported Rs 32.37 crore, there was a modest year-on-year increase.

The net loss for the quarter under review was Rs 2.28 crore, significantly lower than the loss of Rs 5.31 crore in the preceding quarter. This represents a reduction in losses by approximately 57%. However, it's worth noting that the loss widened compared to Q2 FY2025, which had reported a loss of Rs 1.15 crore.

Half-Year Performance

For the half-year ended September 30, 2025:

Particulars (in Rs. crore)	H1 FY2026	H1 FY2025
Total Income	65.96	63.84
Net Loss	6.07	9.75

The company's total income for the first half of FY2026 increased to Rs 65.96 crore from Rs 63.84 crore in the corresponding period of the previous year, marking a growth of about 3.32%.

The net loss for H1 FY2026 reduced to Rs 6.07 crore, compared to a loss of Rs 9.75 crore in H1 FY2025, showing an improvement in the company's financial position.

Balance Sheet Highlights

As of September 30, 2025, Maris Spinners reported total assets of Rs 127.46 crore. The company's financial position as per the latest balance sheet shows:

Particulars (in Rs. crore)	As of Sept 30, 2025
Total Assets	127.46
Total Equity	18.86
Total Liabilities	108.60

Other Developments

The Board of Directors approved the unaudited financial results and related party transactions for the half-year period. The financial results were reviewed by the Audit Committee and received an unmodified opinion from the statutory auditors, Raghavan, Chaudhuri & Narayanan.

Maris Spinners also re-recognized a grant receivable in accordance with a revised order issued by the Commissioner of Textiles, Karnataka, complying with Ind AS 8 - "Accounting Policies, Changes in Accounting Estimates and Errors."

While the company continues to face challenges, the reduction in quarterly losses and growth in revenue suggest potential signs of recovery. However, investors and stakeholders should closely monitor future performance to assess the sustainability of this trend.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.96%	-7.13%	-5.29%	-0.03%	-5.56%	-5.58%

Maris Spinners has announced the receipt of the balance capital subsidy from the Commissioner of Textiles and Director, Bangalore, marking the completion of its sanctioned subsidy.

Key Highlights

Maris Spinners received Rs. 2.80 crore as the balance capital subsidy
The total sanctioned subsidy of Rs. 5.74 crore has now been fully received

Subsidy Details

Maris Spinners, a textile company based in Chennai, has successfully received the remaining portion of its capital subsidy. The company disclosed that the Commissioner of Textiles and Director, Bangalore has released the balance amount of Rs. 2.80 crore (Rs. 2,79,72,227), which has been credited to the company's account.

This latest disbursement completes the total sanctioned subsidy of Rs. 5.74 crore (Rs. 5,74,06,057) that was allocated to Maris Spinners.

Impact on Operations

The receipt of the full subsidy amount is likely to provide financial support to Maris Spinners' operations. Capital subsidies often play a crucial role in the textile industry, helping companies invest in infrastructure, machinery, or other capital-intensive aspects of their business.

Company Background

Maris Spinners operates in the textile sector, with its registered office in Chennai. The company has two manufacturing units:

Kattemalalavadi Village, Hunsur Taluk, Mysore District
Kulithalai Road, Manapparai, Trichy District

Investors and stakeholders of Maris Spinners may view this development as a positive sign, reflecting the company's engagement with government initiatives in the textile sector. The completion of the subsidy process demonstrates the company's ability to successfully navigate regulatory procedures and secure allocated funds.

As the textile industry continues to be a significant contributor to India's manufacturing sector, such subsidies can play an important role in enhancing competitiveness and supporting growth initiatives of companies like Maris Spinners.