Please find attached herewith the Audited consolidated and standalone financial results for the half year and year ended 31.03.2026
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Shanti Spintex Ltd reported audited results for FY 2025-26. Standalone profit after tax increased significantly to Rs 1,020.01 lakh from Rs 448.75 lakh in the previous year, representing a 127% growth. Total revenue stood at Rs 70,542.07 lakh. However, the company's debt-equity ratio deteriorated sharply from 0.1 to 0.39 due to a 189% increase in borrowings. The debt service coverage ratio also increased from 0.93 to 5.97. Interest expenses rose by 53% during the year. The company operates in two segments: Textiles and Renewable Energy. An unmodified audit opinion was issued by statutory auditors Anil S. Shah & Co. for both standalone and consolidated results.
Strong profit growth of 127% year-on-year is positive for shareholders, but the sharp 189% increase in borrowings raising the debt-equity ratio to 0.39 signals higher financial leverage and potential concern about debt servicing costs.