Borana Weaves Approves Expansion, Appoints IR Firm, and Reports Q2 FY27 Results
Borana Weaves approved expansion at Unit 4 with 192 Water Jet Looms, costing ₹24.96 crore, targeting production by March 2027. The company reported Q2 FY27 revenue of ₹1,382.01 crore and profit before tax of ₹197.05 crore. Finportal Investments Private Limited was appointed as the Investor Relations Agency.
The capacity expansion is a substantial investment and will increase the company's production capabilities, directly impacting its future revenue and market position. The financial results also indicate healthy performance.
The company reported financial results, approved a significant capacity expansion, and appointed an Investor Relations firm, all of which are positive developments.
Borana Weaves Limited announced the outcome of its Board Meeting held on November 2, 2026. The Board approved the Un-Audited Financial Results for the quarter and six months ended September 30, 2026, noting the limited review report from the Statutory Auditors.
The company also approved a significant expansion plan at its Unit 4, involving the installation of 192 Water Jet (WJ) Looms with ancillary machinery, targeting commercial production by March 2027. This expansion will be funded through a combination of internal accruals and debt. The total planned addition of Water Jet Looms at Unit 4 now stands at 384, comprising the 192 looms from an earlier approval and the additional 192 looms approved in this meeting. The total investment for the 384 looms is approximately ₹49.92 crore.
Additionally, the Board approved the updation of the company's Registered Office Address to Plot No. B 5/3, B 5/4, B 5/5, B 5/6, B 5/7, B 5/7/1, Road No. 9, Hojiwala Industrial Estate, SUSML, Sachin, Surat, Gujarat, India – 394230, with immediate effect. The company also noted the appointment of Finportal Investments Private Limited as its Investor Relations (IR) Agency.
The Un-Audited Financial Results for the quarter and half-year ended September 30, 2026, show Revenue from Operations of ₹1,382.01 crore for the quarter and ₹2,390.40 crore for the half-year. Profit Before Tax for the quarter was ₹197.05 crore, and for the half-year, it was ₹396.71 crore. Total comprehensive income for the quarter was ₹161.39 crore, and for the half-year, it was ₹325.59 crore. Basic Earnings Per Share (EPS) for the quarter was ₹6.06 and for the half-year was ₹12.25.
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