Audited Financial Results for the Quarter and Year Ended 31st March, 2026
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Polyspin Exports reported flat revenue of Rs 22,576 Lakhs for FY26, essentially unchanged from Rs 22,514 Lakhs in FY25. However, standalone profit before tax declined 28.5% to Rs 491 Lakhs due to higher costs, though tax expense dropped sharply to Rs 101 Lakhs (from Rs 308 Lakhs) helping net profit grow 3% to Rs 390 Lakhs. On a consolidated basis including its Sri Lankan associate Lankaspin, total net profit rose 35% to Rs 556 Lakhs. Operating cash flow turned strongly positive at Rs 3,240 Lakhs versus negative Rs 934 Lakhs in FY25, driven by working capital improvements including Rs 979 Lakhs reduction in trade receivables. The auditors issued unmodified opinions on both standalone and consolidated results. The board also announced management changes, appointing Smt. Durga Ramji as Managing Director.
The stock shows stable revenues but compressed profitability on standalone basis. However, strong cash generation and improved consolidated earnings may provide support. The flat revenue and PBT decline could be concerns for growth-focused investors.