Outcome of Board Meeting
RSWM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 3.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
RSWM's Board approved the unaudited Q1 FY26 (quarter ended June 30, 2025) financial results. Standalone revenue was about ₹1,288 Cr, up roughly 10% year-on-year from ~₹1,171 Cr in Q1 FY25. Standalone net profit jumped to ₹6.96 Cr from ₹1.59 Cr in Q1 FY25, while consolidated profit swung to ₹8.37 Cr from a loss of ₹4.28 Cr. Standalone EPS rose to ₹1.48 from ₹0.34. Statutory auditor Lodha & Co LLP gave an unmodified limited review report with no qualifications. Separately, the Board approved closure of the old spinning operations at the Chhata Unit (knitting will continue), a ₹92 Cr capex for knitting modernization at Mordi and Chhata (expected to lift knitting capacity by 20% and add ~₹220 Cr annual revenue), and a ~₹50 Cr investment to add 50 MW of solar and wind renewable energy capacity.
A sharp turnaround in profitability, especially at the consolidated level, and a clear growth plan via knitting capacity expansion and renewable energy should be viewed positively by shareholders. The Chhata spinning shutdown is a cost-rationalization move for underperforming old assets, not a major business contraction.