Super Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SUPERSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Super Spinning Mills reported audited financial results for FY2026. Revenue from continuing operations (rental services) declined to Rs. 630.91 Lakhs from Rs. 662.73 Lakhs in FY2025. The company posted a total comprehensive loss of Rs. 580.19 Lakhs for the year, though this is significantly improved from the Rs. 1,640.08 Lakhs loss in FY2025. The textile operations, discontinued since August 2023, contributed a loss of Rs. 620.78 Lakhs. The auditors issued an unmodified (clean) opinion. A significant contingent liability exists due to a power tariff dispute with Southern Power Distribution Company Limited (SPDCL), where Rs. 8,324.06 Lakhs is claimed as arrears versus the company's provision of Rs. 1,907.56 Lakhs. The company also entered a joint venture for commercial development of its Puliakulam land and revised asset useful lives, resulting in additional depreciation of Rs. 139.42 Lakhs.
The company remains loss-making at the net level due to discontinued textile operations, though losses have narrowed substantially year-on-year. The unresolved Rs. 83+ crore power dispute represents a major contingent liability that could impact future financials. Revenue decline and margin compression in the remaining rental business are concerns for investors.