Premier Synthetics Reports Mixed Q2 Results: Profit in Continuing Operations, Loss in Discontinued Segment

1 min read     Updated on 14 Nov 2025, 05:28 PM
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Reviewed by
Radhika SScanX News Team
Overview

Premier Synthetics Limited reported a net loss of Rs 0.98 lakhs for Q2 2025, despite profitability in continuing operations. Revenue from operations increased to Rs 416.25 lakhs. The company's textile trading segment generated revenue of Rs 369.04 lakhs with Rs 3.51 lakhs in segment results, while raw material trading for rubber tubes brought in Rs 47.21 lakhs with Rs 6.52 lakhs in segment results. The discontinued cotton yarn manufacturing operations posted a loss of Rs 1.08 lakhs.

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Premier Synthetics Limited has released its financial results for the quarter ended September 30, 2025, revealing a mixed performance across its business segments. The company, which operates in textile trading and raw material supply for rubber tube manufacturing, reported a net loss while showing profitability in its continuing operations.

Financial Highlights

  • Net Loss: Premier Synthetics reported a net loss of Rs 0.98 lakhs for Q2 2025.
  • Segment Performance:
    • Continuing operations generated a profit of Rs 0.47 lakhs.
    • Discontinued operations posted a loss of Rs 1.08 lakhs.

Operational Overview

Premier Synthetics operates in two primary segments:

  1. Trading of textiles
  2. Trading of raw materials for rubber tube manufacturing

The company permanently discontinued its cotton yarn manufacturing operations from January 1, 2024, which is reflected in the discontinued operations segment of the financial results.

Detailed Financial Results

Particulars (Rs. in Lakhs) Q2 2025 Q1 2025 Q2 2024
Revenue from Operations 416.25 320.64 247.72
Total Income 420.91 325.54 251.15
Profit Before Tax (Continuing Operations) 0.74 4.39 17.37
Profit/(Loss) Before Tax (Discontinued Operations) (10.72) (0.75) 7.39
Net Profit/(Loss) (0.98) 5.12 10.02

Segment-wise Performance

  1. Trading of Textiles:

    • Revenue: Rs 369.04 lakhs
    • Segment Results: Rs 3.51 lakhs
  2. Trading of Raw Material for Rubber Tubes:

    • Revenue: Rs 47.21 lakhs
    • Segment Results: Rs 6.52 lakhs

Balance Sheet Highlights

As of September 30, 2025:

  • Total Assets: Rs 3,885.47 lakhs
  • Total Liabilities: Rs 1,198.81 lakhs
  • Shareholders' Equity: Rs 2,686.65 lakhs

Management Commentary

The financial results indicate that Premier Synthetics is navigating through a transitional phase following the discontinuation of its cotton yarn manufacturing operations. The company's focus on trading activities in textiles and raw materials for rubber tube manufacturing appears to be yielding mixed results.

Investor Considerations

Investors may want to note the following points:

  • The company's shift from manufacturing to trading operations
  • The profitability of continuing operations despite overall net loss
  • The impact of discontinued operations on the company's financial performance

As Premier Synthetics continues to adapt to its new business model, the company's ability to grow its trading segments and improve overall profitability in the coming quarters may be of interest to investors.

Note: All financial figures are based on the unaudited results for the quarter ended September 30, 2025, as reported by Premier Synthetics Limited.

Historical Stock Returns for Premier Synthetics

1 Day5 Days1 Month6 Months1 Year5 Years
+7.82%-1.52%+14.95%+36.15%+18.76%+293.28%
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Premier Synthetics Promoter Encumbers 14.86% Shares with Kotak Securities

1 min read     Updated on 30 Oct 2025, 09:51 AM
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Reviewed by
Jubin VScanX News Team
Overview

Rajiv Giriraj Bansal, promoter of Premier Synthetics Limited, has encumbered 327,720 shares, representing 14.86% of his total shareholding and 48.03% of his encumbered shareholding. The encumbered shares, valued at Rs 25,56,216, constitute less than 20% of the company's total share capital. The encumbrance was created with Kotak Securities Limited on August 31, 2020, for obtaining margin trading facilities. This action was disclosed in compliance with SEBI regulations on substantial acquisition of shares and takeovers.

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Premier Synthetics Limited promoter, Rajiv Giriraj Bansal, has recently made a significant move by encumbering a portion of his shareholding. The action, which involves shares worth over Rs 25 lakh, was disclosed in compliance with SEBI regulations.

Key Details of the Encumbrance

Aspect Details
Promoter Name Rajiv Giriraj Bansal
Shares Encumbered 327,720
Percentage of Promoter's Total Shareholding 14.86%
Percentage of Promoter's Shareholding Encumbered 48.03%
Percentage of Company's Total Share Capital < 20%
Value of Encumbered Shares Rs 25,56,216
Date of Encumbrance August 31, 2020
Entity Shares Encumbered With Kotak Securities Limited

Purpose and Implications

The encumbrance was created for obtaining margin trading facilities, indicating that the promoter may be leveraging his shareholding for additional financial flexibility. It's important to note that while this represents a significant portion of the promoter's personal holding, it remains below 20% of the company's total share capital.

Regulatory Compliance

This disclosure aligns with the Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. Such transparency is crucial for maintaining market integrity and keeping shareholders informed about significant changes in promoter holdings.

The move by Rajiv Giriraj Bansal underscores the complex interplay between personal financial strategies of promoters and their commitments to their companies. While the encumbrance doesn't necessarily indicate any immediate changes in Premier Synthetics' operations or ownership structure, it provides insight into the financial maneuvering of key stakeholders.

Historical Stock Returns for Premier Synthetics

1 Day5 Days1 Month6 Months1 Year5 Years
+7.82%-1.52%+14.95%+36.15%+18.76%+293.28%
Premier Synthetics
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