Board approves Q2 results, revises garment project cost to Rs. 208.26 crore, grants ESOPs
Board approved unaudited results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
- Revenue from operations (Q2 standalone)
- Rs. 1,322.29 crore
- Net profit (Q2 standalone)
- Rs. 24.53 crore
- Revised Denim Garment facility project cost
- approx. Rs. 208.26 crore from approx. Rs. 186.30 crore
Results approved
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the limited review report of the statutory auditors. For the quarter, standalone revenue from operations was Rs. 1,322.29 crore and net profit Rs. 24.53 crore. Other comprehensive income included an unrealised fair-value gain on equity shares received under a composite scheme of arrangement involving HEG Advance Materials Limited and HEG Limited.
Garment project gets bigger
- The board reviewed and decided to revise the project cost of the Denim Garment facility to approx. Rs. 208.26 crore, against the approx. Rs. 186.30 crore announced earlier.
- A Knit Garments facility is being added in the first phase itself, which the company links to economies of scale.
More money into the subsidiary
- The board decided to invest up to Rs. 46.24 crore, in one or more tranches, in LNJ NDS9 Global Private Limited, a subsidiary of the company.
- The fresh money is meant to keep the shareholding ratio agreed in the Joint Venture Agreement between the partners.
Employee stock options
- The Nomination and Remuneration Committee approved the grant of 9,70,000 options at an exercise price of Rs. 146 per option to eligible employees of the company and its subsidiary.
- This follows the RSWM Limited Employees Stock Option Plan 2026 approved by the board and by shareholders earlier.
Provision for a duty dispute
- A High Court decision went against the company on the applicability of electricity duty exemption on captive solar power generation; the company has shared a Special Leave Petition before the Supreme Court.
- On a prudent basis, the company recognised a provision of Rs. 11.50 crore as an exceptional item for the quarter.
How a retail reader might see it
- The update bundles the quarterly numbers with a larger capital project, added funding for a joint-venture subsidiary and an employee stock option grant, so it carries several signals at once.
- The higher project outlay comes with a wider product scope, while the exceptional provision is a one-time charge linked to a legal matter that is still before the Supreme Court.
- The stock option grant at a stated exercise price is an employee compensation decision.
Also from RSWM
RSWM Q2 FY27: total income up 14.9% YoY to ₹1,331.84 crore, EBITDA up 47.1%
2 Nov 2026
RSWM Q2 FY27 release: ICRA ESG Impact Rating of 70 rated 'Good', NDS9 garment JV, gross margin narrows to 37.4%
2 Nov 2026
RSWM schedules Q2 & H1 FY27 earnings conference call for Tuesday, November 03, 2026 at 4:00 PM IST
23 Oct 2026
More numbers
- Revised project cost of Denim Garment facility with Knit Garments addedRs.208.26 crore
- Earlier announced project cost of Denim Garment facilityRs. 186.30 crores
- Further investment approved in LNJ NDS9 Global Private LimitedRS. 46.24 crore
- Options granted to eligible employees9,70,000 options
- Exercise price per optionRs. 146/- per option
- Standalone revenue from operations, quarter ended 30 September 20261,322.29
- Standalone net profit for the quarter ended 30 September 202624.53
- Provision for electricity duty matter (exceptional item)₹11.50 crore
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