Siyaram Silk Mills Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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Awaiting price reaction for this filing.
Siyaram Silk Mills reported standalone revenue from operations of Rs. 70,555 lakhs for Q2 FY26, up about 16% YoY from Rs. 60,756 lakhs, with H1 FY26 revenue at Rs. 1,09,405 lakhs versus Rs. 91,407 lakhs in H1 FY25 (~20% growth). Standalone profit after tax for Q2 FY26 jumped to Rs. 8,698 lakhs (up ~27% YoY from Rs. 6,840 lakhs), taking H1 FY26 PAT to Rs. 9,158 lakhs versus Rs. 8,042 lakhs a year ago. The company declared a 1st interim dividend of Rs. 4 per share (200% on face value of Rs. 2), with record date November 11 and payment from November 19, involving a cash outflow of about Rs. 1,815 lakhs. The board also approved the retirement of Company Secretary William Fernandes (effective November 14) and the appointment of Mahipal Thakur as the new Company Secretary from November 15. The statutory auditor, M/s Jayantilal Thakkar & Co., issued a clean limited review report with no qualifications.
Strong quarterly performance with healthy topline and bottomline growth, supported by shareholder reward via a generous 200% interim dividend, is positive for the stock. However, investors should note that H1 FY26 operating cashflow turned sharply negative (-Rs. 5,125 lakhs standalone vs +Rs. 10,341 lakhs last year) mainly due to higher working capital needs, and short-term borrowings rose substantially from Rs. 20,225 lakhs to Rs. 34,520 lakhs, which warrants monitoring.