NAPS Global India Reports 132.8% Revenue Growth in Half-Year Results
NAPS Global (NGIL) announced unaudited standalone financial results for H1 FY2025-26. Revenue from operations surged 135.8% to Rs. 6,769.18 lakhs. Net profit more than doubled to Rs. 127.01 lakhs, a 122.5% increase. Total revenue grew 132.8% to Rs. 6,780.31 lakhs. The company fully utilized its IPO proceeds of Rs. 1,088 lakhs for working capital and general corporate purposes. Trade receivables increased significantly, while inventories reduced and cash position improved.
*this image is generated using AI for illustrative purposes only.
NAPS Global (NGIL), a company engaged in manufacturing and trading of garments, has announced its unaudited standalone financial results for the half-year ended September 30, 2025. The company has reported significant growth in revenue and a substantial improvement in profitability compared to the previous corresponding period.
Financial Highlights
| Particulars (in Rs. lakhs) | H1 FY2025-26 | H1 FY2024-25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 6,769.18 | 2,871.10 | 135.8% |
| Total Revenue | 6,780.31 | 2,912.21 | 132.8% |
| Total Expenses | 6,610.07 | 2,838.39 | 132.9% |
| Profit Before Tax | 170.24 | 73.81 | 130.6% |
| Net Profit | 127.01 | 57.08 | 122.5% |
| EPS (Basic & Diluted) | 2.87 | 1.29 | 122.5% |
Revenue and Profitability
NAPS Global has shown remarkable growth in its top line, with revenue from operations surging by 135.8% to Rs. 6,769.18 lakhs in H1 FY2025-26, compared to Rs. 2,871.10 lakhs in the same period last year. The total revenue, including other income, increased by 132.8% to Rs. 6,780.31 lakhs.
The company's efforts in cost management are evident as the total expenses grew at a slightly lower rate of 132.9% to Rs. 6,610.07 lakhs. This resulted in a significant improvement in profitability, with the net profit more than doubling to Rs. 127.01 lakhs, marking a 122.5% increase from the previous year's figure of Rs. 57.08 lakhs.
Balance Sheet Highlights
As of September 30, 2025, NAPS Global reported:
- A substantial increase in trade receivables to Rs. 2,659.58 lakhs from Rs. 1,018.70 lakhs as of March 31, 2025
- A reduction in inventories to Rs. 529.92 lakhs from Rs. 641.77 lakhs
- An improvement in cash and cash equivalents to Rs. 459.26 lakhs from Rs. 244.22 lakhs
IPO Fund Utilization
NAPS Global, which was listed on the BSE SME platform on March 11, 2025, has fully utilized the net proceeds of its Initial Public Offering (IPO). The company raised Rs. 1,088 lakhs through the IPO, allocating Rs. 919 lakhs for working capital and Rs. 169 lakhs for general corporate purposes. As per the statement of deviation filed with BSE, there has been no deviation in the utilization of IPO proceeds.
Market Outlook
The substantial increase in trade receivables indicates potential growth in the company's order book. However, investors may want to monitor the company's working capital management, given the significant rise in receivables.
NAPS Global's performance reflects the broader recovery and growth trends in the Indian textile and garment sector. The company's ability to scale its operations while improving profitability could be seen as a positive indicator for its future prospects in the competitive garment industry.
Investors and market analysts will likely keep a close watch on how NAPS Global maintains its growth trajectory and manages its expanding operations in the coming quarters.
Historical Stock Returns for NAPS Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.26% | -2.26% | -9.55% | +16.59% | -51.51% | -51.51% |
15
