NAPS Global India Reports Full Utilization of IPO Proceeds, No Deviation in Fund Usage

NAPS Global Limited (NGIL), a company listed on the BSE SME platform, has confirmed that there has been no deviation or variation in the utilization of proceeds from its Initial Public Offering (IPO) for the half year ended September 30, 2025. The company's statement comes as part of its compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

IPO Fund Utilization

NGIL raised Rs. 1,088.00 lakhs through its SME IPO in March 2025. The funds were allocated as follows:

Objective	Amount Allocated (Rs. in lakhs)	Amount Utilized (Rs. in lakhs)	Unutilized Amount
Working Capital	919.00	919.00	-
General Corporate Purposes	169.00	169.00	-
Total	1,088.00	1,088.00	-

The company has reported that all funds have been utilized solely for the objectives stated in the IPO Prospectus, with no deviations.

Financial Performance

NGIL also released its unaudited financial results for the half year ended September 30, 2025. Key highlights include:

Particulars	Half Year Ended Sept 30, 2025 (Rs. in lakhs)	Half Year Ended Sept 30, 2024 (Rs. in lakhs)
Revenue from Operations	6,769.18	2,871.10
Total Revenue	6,780.31	2,912.21
Profit Before Tax	170.24	73.81
Net Profit	127.01	57.08
Earnings Per Share (Basic)	2.87	1.29

The company has shown significant growth in revenue and profitability compared to the same period last year.

Balance Sheet Highlights

As of September 30, 2025, NGIL reported:

Particulars	Amount (Rs. in lakhs)
Total Assets	4,152.71
Shareholder's Funds	1,820.26
Current Assets	4,105.65
Current Liabilities	2,292.10

The company's balance sheet reflects a strong current asset position, indicating good liquidity.

Cash Flow Statement

For the half year ended September 30, 2025, NGIL reported:

Particulars	Amount (Rs. in lakhs)
Net Cash Flow from Operating Activities	(149.43)
Net Cash Flow from Investing Activities	9.03
Net Cash Flow from Financing Activities	355.44
Net Increase in Cash and Cash Equivalents	215.03

The company has seen a positive net increase in cash and cash equivalents, primarily driven by financing activities.

NAPS Global continues to demonstrate transparency in its financial reporting and adherence to regulatory requirements. The full utilization of IPO proceeds as per the stated objectives reflects the company's commitment to its growth plans and investor trust.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.26%	-2.26%	-9.55%	+16.59%	-51.51%	-51.51%

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.