Super Spinning Mills Limited delivered exceptional financial performance in the third quarter of FY26, with net profit surging 946% year-on-year to ₹112.63 lakhs compared to ₹10.76 lakhs in the corresponding quarter of the previous year. The company announced these unaudited results for the quarter ended December 31, 2025, following board approval on February 11, 2026.

Financial Performance Overview

The company's quarterly performance demonstrated significant improvement across key metrics. Total income for Q3FY26 reached ₹168.38 lakhs, up from ₹158.55 lakhs in Q3FY25, representing a 6.20% increase.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Super Spinning Mills achieved a remarkable turnaround with net profit of ₹133.18 lakhs compared to a loss of ₹35.51 lakhs in the corresponding period of the previous year. Total income for the nine-month period stood at ₹506.93 lakhs versus ₹489.07 lakhs in the previous year.

Exceptional Items Drive Performance

The strong quarterly performance was significantly boosted by exceptional items worth ₹78.96 lakhs in Q3FY26. These exceptional items contributed substantially to the profit before tax, which reached ₹144.46 lakhs compared to ₹49.11 lakhs in the previous year quarter.

Segment-wise Analysis

Super Spinning Mills operates primarily through its rental services segment after discontinuing textile operations in August 2023. The rental services segment generated revenue of ₹157.97 lakhs in Q3FY26, maintaining stable performance compared to ₹158.32 lakhs in Q3FY25.

The discontinued textile operations continued to report losses, with a loss of ₹3.51 lakhs in Q3FY26 compared to ₹25.58 lakhs loss in Q3FY25, showing improvement in managing the wind-down process.

Earnings Per Share and Capital Structure

The company's earnings per share for continuing operations stood at ₹0.21 for Q3FY26 compared to ₹0.07 in Q3FY25. The paid-up equity share capital remained stable at ₹550.00 lakhs with a face value of ₹1.00 per share. For the nine-month period, earnings per share from continuing and discontinued operations combined reached ₹0.24 compared to a loss of ₹0.06 per share in the previous year.

Super Spinning Mills Limited has issued a comprehensive postal ballot notice for shareholder approval of its land disposal proposal at SUPER B UNIT in Andhra Pradesh. The company's Board of Directors, having approved the disposal proposal on January 31, 2026, has now scheduled the e-voting process to commence from February 6, 2026.

E-Voting Schedule and Process

The remote e-voting period will run from 9.00 AM IST on Friday, February 6, 2026, to 5.00 PM IST on Saturday, March 7, 2026. The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to provide the e-voting facility through their Instavote platform.

Property Disposal Details

The special resolution seeks approval for joint development or sale of land situated at SUPER B UNIT – Quarters Premises, Kotnur Village, Hindupur Mandal, Sri Sathya Sai District, Andhra Pradesh. The property measures 15.30 acres and includes all buildings and structures.

Financial Impact and Strategic Rationale

The property disposal forms part of the company's strategic restructuring to reduce debt obligations. The consideration received will be utilized for paying off long-term and short-term debts and meeting other business requirements.

The property's financial contribution shows:

*Based on guideline value of the property

Regulatory Compliance and Scrutinizer Appointment

The Board has appointed Sri. M. D. Selvaraj, FCS, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore, as the Scrutinizer to conduct the postal ballot process. The transaction requires approval under Section 180(1)(a) of the Companies Act, 2013, and Regulation 37A of SEBI Listing Regulations.

Shareholders whose names appear in the Register of Members as on the cut-off date of February 3, 2026, will be eligible to vote. The postal ballot notice has been sent electronically to registered email addresses, and the company will not send physical copies in compliance with MCA circulars.