Bannari Amman Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 4.9 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.
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Bannari Amman Spinning Mills reported standalone revenue from operations of Rs 21,739.27 lakhs for Q1 FY26, marginally higher than Rs 21,585.82 lakhs in Q1 FY25. Profit before tax from continuing operations swung to Rs 724.30 lakhs from a loss of Rs 1,412.81 lakhs last year, with PAT from continuing operations of Rs 527.62 lakhs versus a loss of Rs 861.67 lakhs. The company completed a rights issue in May 2025, allotting 1.51 crore shares at Rs 27 each to raise Rs 4,071.47 lakhs. A 9.74 MW captive solar power project is being set up with Rs 1,600 lakhs paid as advance, targeted for commissioning by October 2025. The sale of the garment unit at Palladam and land at SIPCOT Perundurai to S P Apparels remains pending due to lender clearance, with results shown as discontinued operations. Auditor P N Raghavendra Rao & Co. issued an unmodified limited review report.
Sharp turnaround in continuing operations profitability from a loss to a healthy profit signals improving core textile business performance, though total profit declined due to base effect from last year's discontinued operations gain. The rights issue and solar power capex indicate growth-oriented capital deployment, but the pending divestment and overall thin margin recovery warrant cautious optimism.