ASILNSEAmit Spinning Industries Limited· Textiles - CottonHighNeutral
Announced Wed, 3 Jun, 2026 · 20:56 IST
Girnar Spintex (formerly Amit Spinning) reports Q4 FY26 audited results, clean opinion
Price reaction
Awaiting price reaction for this filing.
AI summary
Girnar Spintex Industries (formerly Amit Spinning Industries) submitted audited Q4 and FY26 results to NSE and BSE, approved by the Board on June 3, 2026. Statutory auditor Nenawati and Associates issued an unmodified opinion. FY26 profit after tax came in at about Rs 592 lakhs versus about Rs 248 lakhs in FY25, a sharp jump. Revenue from operations was broadly flat around Rs 12,500 lakhs. No loan defaults were reported. The company has posted negative net worth for three years running and earlier came out of an insolvency resolution process in FY21.
Likely market impact
Clean audit and big profit jump are positives, but negative net worth for three years flags ongoing solvency risk.