Unaudited Limited Review Financial Results for the quarter and half year ended 30.09.2025
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Awaiting price reaction for this filing.
Sambandam Spinning Mills reported weak results for Q2 and H1 FY26. Standalone revenue for H1 FY26 fell sharply to ₹7,353.53 lakhs from ₹13,047.44 lakhs in H1 FY25, a decline of about 43.6% year-on-year. Loss after tax widened to ₹(233.72) lakhs versus ₹(60.40) lakhs in the year-ago period, with EPS at ₹(5.48). In Q2 FY26 alone, revenue grew modestly by 4.1% to ₹6,656 lakhs, but the company swung from a profit of ₹49.21 lakhs in Q2 FY25 to a loss of ₹(109.61) lakhs. Employee benefits expense dropped sharply from ₹1,636.51 lakhs to ₹288.21 lakhs in H1, suggesting significant headcount or scale reduction. EBITDA margin compressed from roughly 7.1% in H1 FY25 to about 1.7% in H1 FY26. The auditor (P.N. Raghavendra Rao & Co) issued an unqualified limited review report on both standalone and consolidated results, and assets worth ₹310.09 lakhs remain classified as held for sale under Ind AS 105.
Negative for shareholders — revenues collapsed and losses deepened year-on-year despite aggressive cost cuts, signalling ongoing business weakness that could weigh on the stock price.