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BSESuryavanshi Spinning Mills Ltd-$HighNeutral
Announced Thu, 13 Nov, 2025 · 19:52 IST

Unaudited Financial Results for the quarter ended 30.09.2025.

Going-concern doubtRevenue declinedNet loss reportedExceptional itemResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

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.

Likely market impact

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.