Akshar Spintex Q3 FY26 Loss Widens to ₹37.95 Crore
Akshar Spintex reported a net loss of ₹37.95 crore for Q3 FY26, widening from ₹19.68 crore in Q2 FY26 and ₹23.34 crore in Q3 FY25. Total income for the quarter was ₹35.97 crore. The company confirmed no deviation in the utilization of ₹48.75 crore raised via rights issue.
The widening net loss and increased expenses are significant negative financial indicators. However, the confirmation of no deviation in rights issue fund utilization and the continued operations in the spinning segment provide some stability.
The company reported a widening net loss for the quarter and nine months ended December 31, 2025, compared to the previous year, indicating a negative financial performance.
Akshar Spintex Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a total income of ₹3597.28 lakhs for the quarter, a significant increase from ₹2280.98 lakhs in the previous quarter and ₹2636.28 lakhs in the same quarter last year.
However, the company incurred a net loss of ₹379.50 lakhs for the quarter ended December 31, 2025, compared to a loss of ₹196.82 lakhs in the previous quarter and ₹233.35 lakhs in the corresponding quarter of the previous year. Total expenses for the quarter rose to ₹4134.39 lakhs, contributing to the increased loss.
For the nine months ended December 31, 2025, the total income stood at ₹8547.16 lakhs, while the net loss was ₹699.97 lakhs. This compares to a total income of ₹8761.19 lakhs and a net loss of ₹330.55 lakhs for the same period last year.
The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026. The company's operations fall under a single segment, "Spinning of Cotton Yarn," making segment reporting not applicable.
Additionally, the company confirmed that there was no deviation or variation in the utilization of funds raised through its rights issue on October 7, 2024, amounting to ₹48,74,80,500. The funds were allocated towards repaying unsecured loans, augmenting working capital, and corporate expenses related to the issue.
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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.