the Board of Maris Spinners Ltd considered the unaudited financial results for the quarter / half year ended 30-09-2025
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Awaiting price reaction for this filing.
Maris Spinners reported a strong jump in revenue for Q2 FY26, with operating revenue of roughly Rs 3,001 lakhs versus about Rs 1,020 lakhs in Q2 FY25, nearly tripling year-on-year. For H1 FY26, revenue rose to around Rs 7,017 lakhs from about Rs 2,419 lakhs in H1 FY25, again showing very high growth. Despite this top-line surge, the company slipped into a loss of around Rs 45 lakhs for the quarter, hit by depreciation, finance costs of Rs 480+ lakhs for the half year, and an exceptional loss on sale of plant and equipment. The company also received a government grant from the Commissioner of Textiles, Karnataka. Borrowings are extremely high at over Rs 9,000 lakhs against equity of just Rs 1,984 lakhs, and the cash flow statement shows negative operating cash flow.
Mixed picture for shareholders: revenue growth is impressive but the company is still loss-making with very high debt and weak cash generation, so near-term stock reaction may stay cautious until profitability and leverage improve.