The meeting of the Board of Directors of the Company was held today i.e. on 08th day of May, 2026 at 02:30 p.m. to consider Audited Financial Result for the quarter ended March 2026 in ....
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Minaxi Textiles reported a net profit of ₹178.75 lakh for FY26 versus a loss of ₹52.77 lakh in FY25. However, revenue from operations declined 19.9% to ₹2,313.55 lakh from ₹2,888.47 lakh. The profit turnaround was largely aided by a one-time gain of ₹303.51 lakh from sale of leasehold land, which inflated other income to ₹305.63 lakh. The company also reduced its current borrowings significantly from ₹774.88 lakh to ₹520.61 lakh. Operating cash flow dropped sharply to ₹33.16 lakh from ₹339.90 lakh in the prior year. Shareholders' equity remains negative at ₹74.06 lakh. The statutory auditor issued an unmodified opinion but drew attention to a going concern note.
While the company returned to profit in FY26, the revenue decline and negative equity are concerning. The heavy reliance on one-time asset sale for profit raises sustainability questions. The auditor's emphasis on going concern indicates risk for shareholders.