Audited Financial Results for the Quarter and Year Ended 31st March, 2026
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Polyspin Exports reported FY2026 standalone revenue of Rs 22,575.52 Lakhs, virtually flat versus FY2025's Rs 22,513.84 Lakhs (0.3% growth). Standalone net profit after tax from continuing operations grew 3% to Rs 390.04 Lakhs from Rs 378.45 Lakhs. However, consolidated PAT surged 35% to Rs 555.62 Lakhs (vs Rs 410.22 Lakhs) driven by associate company Lankaspin Private Ltd contributing Rs 459.42 Lakhs profit. Operating cash flow turned sharply positive at Rs 3,239.51 Lakhs (vs negative Rs 933.78 Lakhs in FY25) due to improved working capital management with trade receivables reducing by Rs 980 Lakhs. Finance costs rose to Rs 571.38 Lakhs and borrowings increased substantially (non-current borrowings up from Rs 1,536 to Rs 2,183 Lakhs). The company discontinued its Textile Division in FY25 and now operates only FIBC (flexible intermediate bulk container) business. Auditors gave unmodified opinion. Key management changes include appointment of Smt. Durga Ramji as Managing Director.
Revenue stagnation is a concern, but strong PAT growth on consolidated basis (35%) and positive operating cash flows are positives. The elevated debt levels and compressed margins warrant monitoring. New MD appointment signals potential strategic shift.