Siyaram Silk Mills Limited has informed the Exchange regarding Board meeting held on July 29, 2025.
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Awaiting price reaction for this filing.
Siyaram Silk Mills Limited's board, at its meeting on July 29, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose to ₹38,849.77 lakhs from ₹30,650.61 lakhs in the same quarter last year, a growth of about 27%. However, standalone profit before tax plunged sharply to ₹637.66 lakhs from ₹10,014.77 lakhs YoY, and net profit fell to ₹460.30 lakhs from ₹7,245.05 lakhs — a drop of roughly 94%. Total expenses climbed to ₹39,407.81 lakhs, with notable increases in cost of materials consumed (₹17,720.83 lakhs), employee costs (₹4,551.89 lakhs), and other expenses (₹10,552.29 lakhs). Consolidated results were broadly in line, with revenue of ₹38,948.38 lakhs and net profit of ₹464.03 lakhs; the foreign subsidiary Cadini S.R.L. contributed ₹98.59 lakhs in revenue and ₹3.74 lakhs in profit.
Strong top-line growth was completely offset by a steep cost expansion, crushing profitability — shareholders should expect a negative market reaction given the sharp earnings miss despite higher sales. Watch margin trends and cost discipline closely in coming quarters.