Outcome of Board Meeting held on Friday, February 13, 2026
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The Board of Directors of Yarn Syndicate Ltd approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, with a limited review by statutory auditor SSRV & Associates. Standalone Q3 revenue declined to Rs. 1,194.13 lakhs from Rs. 1,594.46 lakhs a year ago, though standalone profit remained flat at Rs. 64.55 lakhs. On a nine-month standalone basis, revenue grew modestly to Rs. 5,282.32 lakhs and profit rose to Rs. 168.04 lakhs from Rs. 137.15 lakhs. However, on a consolidated basis, the company reported a loss of Rs. 142.09 lakhs for 9MFY26, impacted by a loss of control in a subsidiary and negative share of profit from associate Stitched Textile Limited. The auditor's review report is clean with no qualifications.
Mixed picture for shareholders — standalone operations are stable with modest growth, but the consolidated loss due to subsidiary/associate drags is a red flag. The sharp quarterly revenue decline (~25% YoY) and continued consolidated losses may weigh on investor sentiment.