Audited financial results for the quarter / year ended 31-3-2026 as approved by audit committee and Board and Related party transactions for the year ended 31-3-2026
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Maris Spinners Limited reported audited financial results for FY2026 with revenue from operations at ₹16,837.16 lakhs, marginally lower than the previous year's ₹16,903.04 lakhs. The company recorded a net loss of ₹216.43 lakhs for the year, compared to a loss of ₹164.69 lakhs in FY2025, indicating worsening profitability. Total comprehensive income stood at ₹(141.59) lakhs. Despite the losses, operating cash flow improved significantly to ₹2,127.14 lakhs from ₹913.88 lakhs in the previous year. Borrowings increased, with non-current liabilities rising from ₹2,059.11 lakhs to ₹3,238.02 lakhs. The statutory auditor issued an unmodified (clean) opinion on the financial statements. Related party transactions were disclosed, including transactions with Havukal Tea and Produce Co. Ltd and director-related entities.
The company continues to operate at a loss with negative PAT of ₹216.43 lakhs, which is concerning for shareholders. However, the strong positive operating cash flow of ₹2,127.14 lakhs and clean audit opinion provide some comfort about the company's ability to meet obligations. The increase in borrowings warrants monitoring.