This is to inform the Exchange that pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Meeting ....
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Awaiting price reaction for this filing.
The Board of Directors of Gini Silk Mills Limited met on November 12, 2025, and approved the unaudited financial results for the quarter and half year ended September 30, 2025. For Q2 FY26, revenue from operations came in at Rs. 1,074.86 lakhs, marginally lower than Rs. 1,091.99 lakhs in the same quarter last year, while net profit rose sharply to Rs. 99.82 lakhs from Rs. 59.38 lakhs, mainly helped by a deferred tax credit of Rs. 39.21 lakhs. For H1 FY26, total income stood at Rs. 2,130.68 lakhs (vs Rs. 2,140.41 lakhs) and net profit was Rs. 113.68 lakhs (vs Rs. 111.96 lakhs), resulting in EPS of Rs. 2.03 (vs Rs. 2.00). The company operates in a single segment (Textile) and auditor Vatsaraj & Co. issued an unmodified limited review report. Trade receivables rose notably from Rs. 529.06 lakhs to Rs. 795.27 lakhs, which is worth keeping an eye on.
Q2 net profit growth looks strong on the surface but is largely driven by a one-time deferred tax benefit rather than improved core operations, with operating profit actually declining ~25% YoY. H1 performance is broadly flat, and the sharp rise in trade receivables may raise concerns about collection efficiency for shareholders.