Resubmission entered as fourth quarter instead of year ended.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Binny Mills Ltd reported a net profit of ₹1,270.55 lakhs for FY26, a major turnaround from a net loss of ₹1,127.11 lakhs in FY25. Revenue from operations grew 35% to ₹855.66 lakhs (vs ₹632.18 lakhs), while total expenses fell to ₹1,975.15 lakhs (vs ₹2,686.26 lakhs) due to lower employee costs and finance charges. Despite the profit, the balance sheet remains deeply stressed with negative shareholders' equity worsening to ₹25,117.12 lakhs (from ₹21,801.23 lakhs), indicating accumulated losses. The company, a resulting entity from the demerger of erstwhile Binny Limited, has multiple pending litigation matters including labour disputes (award of ₹36.52 lakhs) and a rent case (₹28.05 lakhs provisioned). A loan of ₹7.69 crores to the parent company remains outstanding without a repayment schedule.
The company returned to profit after years of losses, but the deeply negative net worth (equity) signals serious going-concern risks. Shareholders should note the accumulated deficit and contingent liabilities from legacy demerger obligations.