Super Spinning Mills Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
SUPERSPIN · price
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Awaiting price reaction for this filing.
Super Spinning Mills posted Q1 FY26 results showing continued focus on rental services after discontinuing its textile business in August 2023. Net sales from continuing operations stood at Rs. 150.40 lakhs, down from Rs. 156.26 lakhs in Q1 FY25, while profit before tax from continuing operations rose to Rs. 48.86 lakhs from Rs. 33.07 lakhs, a jump of around 48%. Discontinued textile operations reported a loss of Rs. 44 lakhs in the quarter, including an exceptional item of Rs. 44 lakhs towards impairment of investment property. The company's reserves remain negative at Rs. (4,969.21) lakhs and total capital employed has shrunk to Rs. 5,514 lakhs from Rs. 7,126 lakhs a year ago. Statutory auditors CSK Prabhu and Co LLP issued an unmodified limited review conclusion with no qualifications.
The stock may see limited reaction as continuing operations remain profitable, but shareholders should note the negative reserves, ongoing drag from discontinued textile operations, and the company's heavy reliance on a single rental services segment. The clean auditor review is a positive, though the exceptional impairment and shrinking capital base signal continuing stress from legacy textile activities.