Results along with Auditors Report and Cash Flow, Statement of Assets Liabilities are attached separately
Awaiting price reaction for this filing.
Niwas Spinning Mills reported dramatic revenue growth from Rs. 20.36 lakhs in FY2025 to Rs. 838.14 lakhs in FY2026, an increase of approximately 4,000%. Profit after tax surged from Rs. 2.47 lakhs to Rs. 710.55 lakhs, with EPS improving from Rs. 0.01 to Rs. 5.04. The jump was driven largely by other income of Rs. 772.22 lakhs (including Rs. 759.02 lakhs from scrap sale) and revenue from operations of Rs. 65.92 lakhs. The company reported an exceptional item of Rs. 58.33 lakhs. However, operating cash flow turned negative at Rs. -382.76 lakhs despite positive operating profit, indicating potential working capital issues. The statutory auditors issued a qualified opinion on the limited review of quarterly results.
While the company returned to profitability with exceptional EPS growth, the qualified auditor opinion and negative operating cash flow despite profits signal potential quality of earnings concerns. Shareholders should note the unusual revenue base and cash flow mismatch.