The Meeting of the Board of Directors of the Company was held today i.e. on 13th day of November, 2025, at the Registered Office of the Company, which was commenced at 11.00 A.M. and concluded ....
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Minaxi Textiles reported unaudited results for Q2 FY26 (quarter ended 30/09/2025) at its board meeting held on November 13, 2025. For the half-year (H1 FY26), the company swung to a profit before tax of ₹225.92 lakhs from a loss of ₹104.88 lakhs in H1 FY25, with net profit of ₹146.73 lakhs versus a net loss of ₹79.74 lakhs earlier. However, the turnaround was largely driven by a one-time gain of about ₹303 lakhs from the sale of leasehold land recorded under other income. Core textile operations remain weak – operating cash flow for H1 FY26 was negative at ₹(64.13) lakhs, and accumulated losses still sit in reserves (other equity improved only from ₹(262.20) to ₹(85.02) lakhs). The statutory auditor drew specific attention to going concern uncertainty, noting past cash losses and a debt restructuring done in FY22, while keeping their review opinion un-qualified.
The headline profit is essentially a one-time land-sale windfall, not from textile operations, so the underlying business remains weak. With a going concern flag, negative operating cash flow, and high leverage (total borrowings ~₹1,244 lakhs against equity of just ₹405 lakhs), retail investors should treat this as a cautious, high-risk situation despite the positive reported numbers.