Akshar Spintex Limited Q1FY27 Results: Revenue ₹29.93 Cr, Profit ₹5.98 Cr
Akshar Spintex Limited reported Q1FY27 revenue of ₹29.93 crore and a profit of ₹0.60 crore. The company resubmitted its financial results for the quarter ended June 30, 2026. Funds raised via rights issue on October 7, 2024, amounting to ₹48.75 crore, have been utilized with no deviation.
The increase in revenue and profit, along with the confirmation of proper fund utilization from the rights issue, suggests a positive impact on the company's financial standing and investor confidence.
The company reported an increase in revenue and profit compared to the previous year's corresponding quarter, indicating positive operational performance.
Akshar Spintex Limited has resubmitted its financial results for the quarter ended June 30, 2026, in machine-readable format as requested by the National Stock Exchange. The company reported a total income of ₹30.51 crore for the period. Expenses amounted to ₹29.47 crore, resulting in a profit before exceptional items and tax of ₹1.04 crore. After accounting for tax expenses, the profit for the period stood at ₹0.60 crore.
For the quarter ended June 30, 2026, revenue from operations was ₹29.93 crore, a notable increase from ₹26.19 crore in the corresponding quarter of the previous year (ended June 30, 2025). Other income contributed an additional ₹0.57 crore. Total expenses for the quarter were ₹29.47 crore, including ₹24.42 crore for cost of materials consumed and ₹1.65 crore for depreciation and amortization.
The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 7, 2026. The statutory auditors have conducted a limited review. The financial results are prepared in accordance with Indian Accounting Standards 34 "Interim Financial Reporting".
Regarding the utilization of funds from a rights issue conducted on October 7, 2024, amounting to ₹48.75 crore, the company confirmed no deviation or variation in the use of funds. The funds were primarily allocated for repaying unsecured loans and augmenting working capital requirements. A portion of ₹1.19 crore was used for corporate expenses transferred to general corporate purposes, and ₹0.16 crore for estimated issue-related expenses.
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Akshar Spintex Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Akshar Spintex Limited. Read the original for the full detail.