Audited Financial Results for the quarter and year ended on March 31, 2026
Awaiting price reaction for this filing.
Girnar Spintex Industries (formerly Amit Spinning Industries) announced its audited financial results for Q4 FY26 and full year FY26. Total revenue for FY26 stood at ₹135.70 crores, up about 5.7% from ₹128.39 crores in FY25. Profit after tax jumped roughly 55% to ₹3.86 crores from ₹2.49 crores a year earlier, while profit before tax nearly doubled to ₹5.88 crores. The statutory auditor, Nenawati & Associates, issued an unmodified (clean) opinion, though it included an emphasis-of-matter paragraph noting Q4 figures are a balancing of full-year audited and nine-month reviewed numbers. The company has one reporting segment (cotton yarn/textiles), reduced its qualified borrowings from ₹44.80 cr to ₹37.36 cr, and turned operating cash flow positive at ₹6.10 cr versus ₹1.26 cr last year. Comparatives were restated for Ind AS transition.
Positive for shareholders — healthy profit growth, expanding margins, clean audit report, improving debt position, and stronger cash generation all point to a turnaround story. Stock may see a constructive reaction, though the small absolute size of profits and historical insolvency background warrant continued caution.