Result along with covering letter and LRR enclosed separately
Awaiting price reaction for this filing.
Niwas Spinning Mills reported nil revenue from operations for Q3 FY26 as well as the nine-month period, meaning its core textile business is generating no sales. Total income of Rs. 65.10 lakh in Q3 came entirely from 'other income' (vs Rs. 0.03 lakh in Q2 FY26 and Rs. 0.00 lakh in Q3 FY25). The company posted a profit of Rs. 16.07 lakh for Q3 and Rs. 10.50 lakh for 9M FY26, compared to losses in the corresponding prior periods, driven by this non-operating income. Total expenses of Rs. 49.03 lakh in Q3 were dominated by 'other expenses' of Rs. 48.60 lakh. Reserves remain deeply negative at Rs. -1,987.19 lakh against paid-up equity of Rs. 1,408.93 lakh, indicating fully eroded net worth. The statutory auditor's limited review report carried a qualified opinion on these results.
The stock remains fundamentally weak — the company's main textile operations appear non-functional, profits are sustained only by other income (likely one-off or non-recurring), and reserves are deeply negative. Shareholders should treat the reported profit with caution given the absence of operating revenue and the auditor's qualified opinion.