Unaudited Financial Results for the quarter ended 30.09.2025.
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Suryavanshi Spinning Mills reported Q2 FY26 revenue from operations of ₹131.65 lakhs, down about 21% from ₹167.4 lakhs in Q2 FY25. The company posted a loss of ₹20.76 lakhs from continuing operations, but profit from discontinued operations of ₹38.87 lakhs (from sale of spinning division assets) turned the overall quarter into a net profit of ₹18.11 lakhs versus a loss of ₹90.37 lakhs a year ago. For H1 FY26, total revenue fell to ₹268.39 lakhs (vs ₹339.77 lakhs) and net loss narrowed to ₹72.26 lakhs. The balance sheet remains stressed: other equity is negative at ₹(1,553.91) lakhs, accumulated losses stand at ₹2,687.07 lakhs, and current liabilities exceed current assets. The auditor (K.S. Rao & Co) issued an unqualified limited review report.
Despite a headline swing to profit driven by one-time gains from selling off the discontinued spinning division, the core continuing business is shrinking and remains loss-making. The going-concern note, negative net worth, and dependence on property values to stay solvent make this a high-risk, deeply distressed situation for shareholders.