Shree Ram Twistex544716Quarterly results
Board considered and approved unaudited Q2 results; IPO fund variation reallocated to machinery and SBI repayment
Board meeting on Oct 20, 2026 (2:00–5:20 PM) considered and approved unaudited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 4 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 13,603.50 | 6,883.88 | +97.6% | 9,271.97 | +46.7% |
| Total income | 13,695.92 | 6,894.31 | +98.7% | 9,306.71 | +47.2% |
| Profit before tax | 134.34 | 501.79 | −73.2% | 647.86 | −79.3% |
| Profit after tax | 466.20 | 355.54 | +31.1% | 360.86 | +29.2% |
| Total comprehensive income | 445.50 | 357.96 | +24.5% | 381.92 | +16.6% |
| Basic EPS | 1.54 | 1.21 | +27.3% | 1.19 | +29.4% |
- Total income YoY growth
- +98.7%
- Period
- Quarter Ended on 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Company has only one reportable segment - Cotton Yarn Manufacturing.
Quarter and half-year results
- The board considered and approved the unaudited financial results for the quarter and half year ended September 30, 2026. The company reports only one segment, cotton yarn manufacturing, and these are standalone figures.
- Revenue from operations: Rs. 13,603.50 lakh for the quarter, against Rs. 6,883.88 lakh in the same quarter a year earlier.
- Total income: Rs. 13,695.92 lakh against Rs. 6,894.31 lakh.
- Profit before tax: Rs. 134.34 lakh against Rs. 501.79 lakh.
- Net profit for the period: Rs. 466.20 lakh against Rs. 355.54 lakh.
- Basic earnings per share: Rs. 1.54 against Rs. 1.21.
Why net profit is higher than profit before tax
- Total tax expense for the quarter is printed as (331.86) lakh. Brackets mean a credit, so this is a net tax credit made up of (89.48) lakh current tax and (242.38) lakh deferred tax.
- That credit is what takes the 'Net profit for the period' line above the 'Profit before tax' line. For the half year the total tax line is (44.86) lakh and net profit is Rs. 827.06 lakh against profit before tax of Rs. 782.20 lakh.
Half year and previous full year
- Six months ended September 30, 2026: Revenue from operations Rs. 22,875.47 lakh (against Rs. 13,208.48 lakh), Total income Rs. 23,002.64 lakh, Net profit Rs. 827.06 lakh (against Rs. 700.02 lakh).
- Year ended March 31, 2026 (audited): Revenue from operations Rs. 27,289.35 lakh, Net profit Rs. 1,416.51 lakh, Basic EPS Rs. 4.67.
Auditor's review conclusion
- Doshi Doshi & Co., Chartered Accountants, carried out a review, which is narrower than an audit; they state they do not express an audit opinion.
- Their conclusion: nothing has come to their attention that causes them to believe the statement is not prepared in accordance with Ind AS 34 and Regulation 33, or that it contains any material misstatement.
Balance sheet and cash flow pointers
- Total assets: Rs. 37,483.81 lakh as at September 30, 2026 against Rs. 30,864.60 lakh as at March 31, 2026.
- Trade receivables: Rs. 11,339.32 lakh against Rs. 1,518.02 lakh; current borrowings Rs. 4,551.60 lakh against Rs. 1,957.12 lakh.
- Cash and cash equivalents: Rs. 44.99 lakh against Rs. 3,427.31 lakh.
- Net cash used in operating activities for the half year: (2,187.46) lakh.
IPO proceeds — what was varied
- The company shared a statement of deviation/variation in the use of public issue proceeds for the quarter ended September 30, 2026. Amount raised: Rs 11,024.00 lakh; allotment date 26.02.2026 and listing date 02.03.2026. Monitoring agency: Crisil Ratings Limited.
- The company marks deviation as yes, and states it is pursuant to a change in the terms of the objects approved by shareholders (voting result date 01.06.2026).
- The change is in Object No. 2, the wind power project, only. Instead of 2 wind turbine generators of 2.1 MW each (4.2 MW), it now proposes 1 wind turbine generator of 3.1 MW, because the estimated 15-month completion time for 4.2 MW can be met in 6 months for 3.1 MW.
- Revised utilisation for the wind project: ₹2,511.00 Lakhs against the original ₹3,900.00 Lakhs, leaving a surplus of ₹1,389.00 Lakhs.
- The surplus is reallocated to Machinery for Expansion (Rs.525.74 Lakhs) and repayment of SBI Bank outstanding (Rs.863.26 Lakhs), taking the total back to Rs. 3,900.00 lakh.
Object-wise position (Rs. in lakh)
- Solar power plant (6.1 MW): original 734.55, utilised 734.55, no deviation; proceeds fully used as of the quarter ended March 2026.
- Wind power plant: original 3,900.00, modified 2,511.00, utilised 1,869.16, deviation 641.84; balance held in a fixed deposit with State Bank of India.
- Repayment/pre-payment of borrowings: original 1,489.00, modified 2,352.26, utilised 2,352.26, no deviation.
- Machinery for expansion: original 0, modified 525.74, utilised 525.74, no deviation.
- Working capital 4,400.00 and issue expenses 500.45: both fully utilised as of the quarter ended March 2026 and September 2026 respectively.
Points a retail investor may want to track
- Profit before tax for the quarter is lower than a year earlier, while net profit is higher because of the net tax credit.
- Rs. 641.84 lakh of the wind project allocation is still to be spent, with the unspent amount parked in a fixed deposit.
- Trade receivables and current borrowings are both higher than the March 31, 2026 position.
13,695.92 (Amount in lacs)Total income, latest quarter
Revenue from operations, latest quarter13,603.50 (Amount in lacs)
Profit before tax, latest quarter134.34 (Amount in lacs)
Also from Shree Ram Twistex
Board meeting on 20 October 2026 to consider and approve unaudited results for the September 2026 quarter and half year
14 Oct 2026
More numbers
- Revenue from operations, 6 months ended 30.09.2026Rs. 22,875.47 lakh
- Net profit for the period, 6 months ended 30.09.2026Rs. 827.06 lakh
- Amount raised through public issue (IPO)Rs 11,024.00 lakh
- Revised utilisation for wind power project₹2,511.00 Lakhs
- Surplus available for reallocation₹1,389.00 Lakhs
- Repayment of SBI Bank outstanding from surplusRs.863.26 Lakhs
- Total income, latest quarter13,695.92 (Amount in lacs)
- Total income, year-ago quarter6,894.31 (Amount in lacs)
- Total income, previous quarter9,306.71 (Amount in lacs)
- Total comprehensive income, latest quarter445.50 (Amount in lacs)
- Total comprehensive income, year-ago quarter357.96 (Amount in lacs)
- Total comprehensive income, previous quarter381.92 (Amount in lacs)
- Profit after tax, latest quarter466.20 (Amount in lacs)
- Profit after tax, year-ago quarter355.54 (Amount in lacs)
- Profit after tax, previous quarter360.86 (Amount in lacs)
- Revenue from operations, latest quarter13,603.50 (Amount in lacs)
- Revenue from operations, year-ago quarter6,883.88 (Amount in lacs)
- Revenue from operations, previous quarter9,271.97 (Amount in lacs)
- Profit before tax, latest quarter134.34 (Amount in lacs)
- Profit before tax, year-ago quarter501.79 (Amount in lacs)
- Profit before tax, previous quarter647.86 (Amount in lacs)
Source: BSE · 20 Oct 2026
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