Financial results - 31st March, 2026
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Binny Mills Limited reported audited financial results for FY2026 with revenue from operations of Rs. 855.66 lakhs, up from Rs. 632.18 lakhs in FY2025. However, the company incurred a net loss of Rs. 1,127.11 lakhs for FY2026 compared to a loss of Rs. 1,721.41 lakhs in the previous year. Total expenses reduced significantly to Rs. 1,989.63 lakhs from Rs. 2,686.26 lakhs. The company continues to have negative net worth with total equity at negative Rs. 23,117.12 lakhs as of March 2026. Key notes mention pending litigations including Rs. 28.05 lakhs provision for rent dispute and Rs. 36.52 lakhs labour court award, along with Rs. 9.73 crores receivable from parent Binny Limited which has been fully provided for.
The company remains in significant financial distress with negative net worth and ongoing losses, though losses have reduced from previous year. Shareholders should be cautious as the company is a resulting company from demerger with substantial related party exposures and pending legal matters.