OUTCOME OF BOARD MEETING DATED AUGUST 12, 2025
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The Board of Yarn Syndicate approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations jumped sharply to ₹2,493.73 lakhs from just ₹94.28 lakhs in Q1 FY25, reflecting a shift from trading activity to manufacturing (cost of material consumed at ₹1,874.23 lakhs). Standalone profit after tax swung to ₹98.68 lakhs (EPS ₹0.77) from a loss of ₹12.82 lakhs in the year-ago quarter. Consolidated PAT was ₹42.65 lakhs after factoring in a ₹56.03 lakh share of loss from associate Stitched Textiles Limited. The Board also appointed Jay Pandya & Associates as Secretarial Auditors for a five-year term (FY26–FY30) and scheduled the 79th AGM for September 17, 2025 via video conferencing. Statutory auditor SSRV & Associates issued an unmodified limited review report with no qualifications.
Strong operational turnaround on a standalone basis as the company returned to manufacturing activity, but consolidated earnings are dragged by continued losses at its associate. Investors should note the YoY comparisons are not strictly like-for-like due to Stitched Textiles ceasing to be a subsidiary in June 2024. No material red flags in the auditor's report.