GHCL Textiles Approves ₹415.25 Crore Capex for New Spinning Unit
GHCL Textiles approved ₹415.25 crore capex for a new spinning unit in Tamil Nadu. The company reported Q2 FY27 standalone revenue of ₹445.53 crore and profit before tax of ₹47.70 crore. A fire incident resulted in an exceptional loss of ₹26.78 crore. 3,00,000 stock options were granted to the CEO.
The substantial capital expenditure for a new spinning unit signifies a major expansion plan, which is expected to have a high impact on the company's future growth and operations.
The approval of significant capital expenditure for expansion and the positive financial results for the quarter indicate a positive outlook for the company.
GHCL Textiles Limited announced the outcome of its 31st Board Meeting held on November 5, 2026. The board approved un-audited standalone financial results for the quarter and half-year ended September 30, 2026. Additionally, a capital expenditure of approximately ₹415.25 crore was sanctioned for the financial year 2026-27. This capex is primarily for establishing a new spinning unit with a capacity of 58,368 spindles at Manaparai, Tamil Nadu. The board meeting commenced at 11:30 AM and concluded at 01:25 PM.
The company reported revenue from operations of ₹445.53 crore for the quarter ended September 30, 2026, compared to ₹338.04 crore in the same period last year. Profit before tax for the quarter stood at ₹47.70 crore, a significant increase from ₹21.72 crore in the prior year's quarter. Net profit for the quarter was ₹35.84 crore, up from ₹16.01 crore in the corresponding quarter of the previous year. For the half-year ended September 30, 2026, revenue from operations was ₹854.47 crore, and profit before tax was ₹100.49 crore.
The company also reported an exceptional item loss of ₹26.78 crore due to a fire incident at its godown in Tuticorin on August 1, 2026. The company has lodged an insurance claim for this loss. Furthermore, GHCL Textiles has been allotted 56.12 acres of land at Virudhunagar, Tamil Nadu, under the PM MITRA Scheme for a new textile manufacturing facility, with ₹31.05 crore paid for land allotment during the quarter. The company also granted 3,00,000 stock options to its Chief Executive Officer on November 4, 2026, under the GHCL Textiles ESOS Scheme 2026.
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