Q3 2025-26 Unaudited Limited Review Financial Results
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Sambandam Spinning Mills, a Salem-based yarn manufacturer, reported its Q3 FY26 and nine-month FY26 results reviewed by statutory auditor P.N. Raghavendra Rao & Co, with an unmodified (clean) limited review opinion. Standalone revenue from operations rose modestly to about Rs.6,543 lakhs in Q3 (up from Rs.6,081 lakhs a year ago) and Rs.20,310 lakhs for nine months (up from Rs.19,618 lakhs). Despite top-line growth, the company swung deep into loss: standalone Q3 loss widened to about Rs.413 lakhs from Rs.106 lakhs, and nine-month loss was Rs.735 lakhs versus a small profit of Rs.3 lakhs earlier; consolidated nine-month loss was Rs.754 lakhs against a Rs.12 lakh profit. A large exceptional item loss (around Rs.1,078 lakhs for nine months) significantly hurt profitability, and results show compressed operating margins.
Negative for shareholders — despite revenue growth, sharply higher exceptional losses and margin compression pushed the company from marginal profit to sizeable losses, suggesting weakening yarn business profitability. Near-term stock sentiment is likely to be subdued pending clarity on the New Labour Codes impact and recovery in textile margins.