Bhilwara Spinners Ltd

Financial performance

• Turnover: Rs 7,447.44 lac, up from Rs 2,496.82 lac.
• PBIDT: Rs 1,406.47 lac.
• Interest: Rs 606.52 lac.
• Depreciation: Rs 543.80 lac.
• Profit before tax: Rs 256.15 lac.
• Current tax: Rs 46.08 lac; Deferred tax: Rs 32.74 lac.
• Profit after tax: Rs 490.80 lac.
• EPS: Rs 5.42; Dividends: none declared.

Operations and production

• Denim fabric production: 45.39 lakh meters.
• Other fabric production: 20.06 lakh meters.
• Operations started/ resumed from 15-May-2026.
• Exports: Nil; no export turnover during the year.

Capital structure and liquidity

• Authorised capital: Rs 12.49 crore; Equity: Rs 9.0536 crore.
• Paid-up equity: Rs 9.0536 crore; 90,53,630 shares.
• Total borrowings: Rs 103.88 crore (current Rs 40.33 cr; non-current Rs 63.54 cr).
• Debt-equity ratio: 1.27.
• DSCR: 2.21; Current ratio: 1.08.
• Book value per share: Rs 55.46; Cash & cash equivalents: Rs 0.409 lac.

Audit, governance and risk

• Statutory Auditor: CLB & Associates; unmodified opinion.
• Secretarial Auditor: RK Jain & Associates.
• Internal Auditor: RS Pokharna & Associates.
• Board: 6 directors; 3 independent (2 women).
• Audit Committee met 4 times; NRC met 3 times in 2025-26.

Shareholding & market data

• Promoter stake: 60.89%; Ahinsa Infrastructure & Developers Ltd holds 39.64%.
• Public share: 39.09%; 91.12% dematerialised as of Mar 31, 2026.
• Scrip: BHILSPIN; BSE code 514272.
• Top promoter share: Ahinsa Infra 39.64%; others include family holdings.

Outlook and risks

• Management aims to expand capacity and product basket with export focus.
• Risks include cotton price volatility and FX rate fluctuations.
• Policy support for textiles and 100% FDI may aid growth.

Other disclosures

• CSR not applicable; company may contribute to causes where appropriate.
• Whistle blower policy in place; internal controls reviewed by Audit Committee.
• Annual General Meeting: 24 Sep 2026; book closure 18-09 to 24-09-2026.

AGM details and voting window

• AGM on 24 September 2026 at 11:00 AM at the registered office, Bhilwara.
• Book closure from 18 September to 24 September 2026, both days inclusive.
• Voting eligibility cut-off fixed at 17 September 2026.
• Remote e-voting period runs 21–23 September 2026.
• NSDL will provide remote e-voting services.
• Notice of AGM and Annual Report will be sent in due course.

Overview

• General update issued; no material financial or governance details disclosed.

Financial highlights

• Revenue from operations 3,384.02; total income 3,448.29 for quarter ended 30 Jun 2026.
• Total expenditure 3,215.33; PBT 232.96; PAT 191.00; Basic EPS 2.44.
• Auditors’ limited review carried out; opinion unqualified.
• Board approved unaudited results on 24 Jul 2026.

Director appointment

• Re-appointment of independent director Himanshu Jhamar for second five-year term, Aug 31, 2026–Aug 30, 2031.
• Subject to approval of shareholders.

Board meeting & capital details

• Board meeting held 24 Jul 2026; meeting chaired 03:00–03:45 PM.
• Paid-up equity capital: 905.36; face value Rs 10 per share.
• Quarterly results are standalone unaudited.

Dematerialisation status

• Securities dematerialised have been listed on stock exchanges.
• Certificates have been mutilated and cancelled; depository substituted as registered owner within 15 days.
• Applicable for quarter ended 30 June 2026.

Meeting Details

• Date: 24 July 2026; Time: 03:00 PM; Location: Registered Office, Bhilwara, Rajasthan.

Key Agenda Items

• To consider and approve unaudited quarterly financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 01 July 2026 to 29 July 2026.

Financial Performance 📊

• Revenue from operations rose to Rs 2472.81 lac in Q3 FY26 from Rs 165.51 lac in Q3 FY25.
• Total income for Q3 FY26 was Rs 2479.37 lac, up from Rs 168.46 lac in Q3 FY25.
• Profit before tax was Rs 81.18 lac in Q3 FY26 versus Rs 4.17 lac in Q3 FY25.
• Net profit after tax was Rs 49.06 lac in Q3 FY26 compared to Rs 3.25 lac in Q3 FY25.
• EPS for Q3 FY26 stood at Rs 0.54 versus Rs 0.04 in Q3 FY25.
• Nine months ended Dec 31, 2025 revenue from operations was Rs 3990.97 lac, up from Rs 1726.15 lac prior year.
• Nine months net loss after tax was Rs 176.31 lac in FY26 versus net profit of Rs 205.60 lac prior year.

Cost Structure 📊

• Cost of material consumed surged to Rs 1566.97 lac in Q3 FY26 versus Rs 47.81 lac in Q3 FY25.
• Employee cost increased to Rs 114.13 lac in Q3 FY26 from Rs 5.13 lac in Q3 FY25.
• Finance cost rose sharply to Rs 221.28 lac in Q3 FY26 from Rs 4.32 lac in Q3 FY25.
• Depreciation expense was Rs 148.77 lac in Q3 FY26, up from Rs 3.16 lac in Q3 FY25.
• Other expenditure jumped to Rs 575.50 lac in Q3 FY26 from Rs 17.06 lac in Q3 FY25.

Corporate Actions & Compliance 🗓️

• Board approved unaudited financial results on January 30, 2026.
• Statutory auditor issued an unqualified limited review report on Q3 and nine-month results.

Business Model 🗒️

• Company operates in a single primary business segment.