Shine Fashions Reports 59.8% Profit Increase in Half-Year Results

Shine Fashions (India) Limited, a textile trading company, has reported a significant increase in profit for the half-year ended September 30, 2025. The company's unaudited standalone financial results, approved by the board on November 14, 2025, reveal a 59.8% increase in profit before tax compared to the same period last year.

Key Financial Highlights

The company reported a 28.1% increase in revenue from operations, rising from Rs. 336.75 crore to Rs. 431.35 crore, accompanied by a significant improvement in profitability.

Expense Analysis

Shine Fashions' total expenses for the half-year ended September 30, 2025, stood at Rs. 364.83 crore, compared to Rs. 294.92 crore in the same period last year, marking a 23.7% increase. Notable changes in expenses include:

• Purchase of stock-in-trade increased by 40.3% to Rs. 435.78 crore
• Employee benefits expense rose by 63.7% to Rs. 5.22 crore
• Finance costs surged by 2166.3% to Rs. 2.79 crore

Balance Sheet Overview

As of September 30, 2025, Shine Fashions reported:

• Total assets of Rs. 679.45 crore, up from Rs. 577.59 crore on March 31, 2025
• Shareholder's funds increased to Rs. 295.83 crore from Rs. 231.96 crore
• Current liabilities rose to Rs. 383.60 crore from Rs. 345.62 crore

Cash Flow and Liquidity

The company's cash and cash equivalents decreased from Rs. 129.44 crore at the beginning of the period to Rs. 68.71 crore by September 30, 2025. This reduction is primarily attributed to:

• Net cash used in operating activities: Rs. 94.81 crore
• Net cash from financing activities: Rs. 33.72 crore

Management Commentary

Anish Anil Mehta, Managing Director of Shine Fashions (India) Limited, stated in the company's filing, "The Board at its meeting held today i.e. Friday, November 14, 2025, inter alia, considered and approved the Un-audited Standalone & Consolidated Financial Results for the half year ended September 30, 2025, along with Limited Review Report thereon."

Auditor's Review

Gada Chheda & Co LLP, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and other recognized accounting practices and policies.

Outlook

Shine Fashions has demonstrated strong revenue growth and significant improvement in profitability. However, the substantial increase in expenses, particularly in finance costs and stock purchases, warrants attention. The company's ability to maintain this growth while managing its costs and working capital will be crucial for its future performance.

The company continues to operate in a single segment, focusing on the import and trading of various types of fabrics and textile raw materials. As the textile industry faces ongoing challenges, Shine Fashions' ability to adapt to market conditions will be important for sustaining its positive performance.