RSWM to Close Spinning Operations at Chhata Unit Amid Q1 Profit Turnaround
RSWM Limited plans to close spinning operations at its Chhata facility as part of strategic rationalization. The company will transfer usable spindles to other plants and dispose of surplus machinery. Knitting operations at Chhata will continue. This decision comes as RSWM reports a significant financial turnaround in Q1, with net profit of ₹7.00 crore compared to a loss in the previous year. The company also announced plans for knitting operations upgrade, renewable energy investment, and focus on operational efficiency and product mix optimization.
05Aug 25
RSWM Limited Reports Q1 FY2026 Results, Approves ₹92 Crore Capex and Renewable Energy Investment
RSWM Limited, a synthetic and blended yarns manufacturer, reported a net profit of ₹6.96 crores in Q1 FY2026, reversing a loss of ₹13.68 crores from the previous year. Revenue reached ₹1,169.19 crores, with EBITDA increasing 47% to ₹69.40 crores. The company announced strategic initiatives including rationalization of spinning operations, ₹92 crores capex for modernization, and investments in renewable energy. Management expressed optimism about the textile sector's growth prospects and RSWM's positioning in the global textile value chain.
13May 25
RSWM Limited Reports Improved Q4 Financial Performance with Exceptional Item
RSWM Limited, a textile industry player, has released its Q4 FY24 financial results, showing a notable improvement. The company's Profit Before Tax (PBT) turned positive at ₹65.00 million, compared to a loss of ₹170.00 million in Q4 FY23. EBITDA increased by 59.45% to ₹700.00 million, with the EBITDA margin expanding to 5.57% from 3.75%. An exceptional item of ₹1380.00 million was reported, though its nature was not specified.