With reference to the captioned subject and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board ....
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Texel Industries' board approved its unaudited standalone and consolidated results for Q1 FY26. Revenue from operations rose to Rs 2,575.13 lakhs from Rs 2,372.63 lakhs YoY, about 8.5% growth, driven by the Technical Textile segment (Rs 2,544.13 lakhs). The company swung back to a profit after tax of Rs 78.32 lakhs (standalone) and Rs 77.50 lakhs (consolidated), compared with a loss of Rs 156.25 lakhs in the same quarter last year. Basic EPS improved to Rs 0.59 from a loss of Rs 1.87 per share. Statutory auditors Sunil Poddar & Co. issued an unmodified (clean) limited review opinion on both sets of results. The wholly owned African subsidiary contributed negligible revenue and a small Rs 0.81 lakh loss, deemed immaterial.
Strong positive for shareholders – the company has turned around from a loss-making Q1 last year to a profitable quarter, with margins improving sharply in its core Technical Textile business. The clean auditor opinion and absence of any flagged concerns are reassuring.