Submission of Un-audited Financial Results (Standalone and Consolidated) along with Limited Review Report thereon for the Quarter ended on 30th June, 2025
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Yarn Syndicate Ltd reported standalone revenue from operations of Rs 2,493.73 lakhs for Q1 FY26, a sharp jump from just Rs 94.28 lakhs in Q1 FY25. Profit before tax stood at Rs 137.63 lakhs compared to a loss of Rs 12.82 lakhs in the same quarter last year, while net profit came in at Rs 98.68 lakhs versus a loss earlier. Standalone EPS improved to Rs 0.77 from a negative Rs 0.10. On a consolidated basis, the company reported a profit of Rs 42.65 lakhs (EPS Rs 0.33), dragged down by a Rs 56.03 lakh share of losses from its associate Stitched Textiles Ltd. The auditor SSRV & Associates issued an unmodified limited review report, noting that the prior year comparatives were reviewed by a predecessor auditor, indicating a recent change in statutory auditor.
The sharp year-on-year rebound in revenue and a return to profitability are positive signals for shareholders. However, the consolidated picture is weaker because the associate company is loss-making, so investors should watch whether the standalone momentum sustains and how the associate's losses evolve.