Akshar Spintex Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
AKSHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Akshar Spintex Limited reported flat revenue of Rs 11,728.12 lakhs for FY 2026, marginally up from Rs 11,676.91 lakhs in FY 2025. However, the company swung to a net loss of Rs 738.94 lakhs compared to a loss of Rs 444.81 lakhs previously, representing a 66% increase in losses. The loss before tax widened to Rs 810.03 lakhs from Rs 587.76 lakhs. Cash generated from operations was positive at Rs 767.51 lakhs, but the company's other equity dropped sharply to Rs 211.68 lakhs from Rs 946.47 lakhs, indicating significant erosion of reserves. The auditor issued an unmodified opinion but flagged in Emphasis of Matter that inventory and debtor/creditor balances were not independently verified, and the company has not paid certain statutory dues like professional tax.
The stock may face pressure due to widening losses and significant depletion of reserves despite stable revenues. The auditor's emphasis on unverifiable inventory and balance confirmations raises concerns about asset quality. Shareholders should monitor the company's path to profitability given the continued operating losses.