Financial results for the quarter and year ended March 31st, 2026
SUPERSPIN · price
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Super Spinning Mills Limited reported total income of Rs. 682.04 lakhs for FY2026, down from Rs. 687.06 lakhs in FY2025, reflecting a ~4.8% revenue decline in continuing operations (rental services). The company posted a net loss of Rs. 580.19 lakhs for FY2026, significantly narrowed from Rs. 1,640.08 lakhs in the prior year, helped by a deferred tax credit of Rs. 298.43 lakhs. Discontinued textile operations contributed a loss of Rs. 620.78 lakhs (vs Rs. 1,413.93 lakhs in FY25). The company generated positive operating cash flow of Rs. 311.09 lakhs. An unmodified audit opinion was issued. A joint venture for joint development of land at Puliakulam, Coimbatore, was entered into during Q4, with no gain/loss recognised yet. Management changed useful life estimates of certain assets, creating an additional depreciation charge of ~Rs. 139.42 lakhs.
While the net loss narrowed substantially year-on-year and operating cash flow turned positive, the company remains loss-making with declining revenue. The unresolved Rs. 8,324.06 lakh power dispute with SPDCL remains a significant contingent liability and key risk for shareholders.