Bannari Amman Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Bannari Amman Spinning Mills reported standalone revenue of Rs 87,032.40 lakhs for FY2026, a marginal decline of ~1.9% from Rs 88,735.86 lakhs in the previous year. The company returned to profitability with profit after tax of Rs 1,689.74 lakhs compared to a loss of Rs 117.78 lakhs in FY2025, driven by improved operational efficiency and lower raw material costs. Operating cash flow was strong at Rs 11,683.44 lakhs. Total borrowings reduced significantly from Rs 46,665 lakhs to Rs 39,587 lakhs. The company completed a rights issue of 1,50,79,504 equity shares raising Rs 4,071.47 lakhs, which diluted the holding company stake from 54.29% to 48.49%. The company also forfeited 42,25,806 share warrants (Tranche I) due to non-payment of balance subscription. Auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
The company bounced back from a loss-making FY2025 to profitability in FY2026 with strong cash generation and reduced debt, which is positive for shareholders. However, the revenue decline and lower EPS (Rs 2.01 vs Rs 6.05) compared to previous year may weigh on sentiment. The warrant forfeiture and changes in shareholding structure indicate some promoter-level financial stress.