Alps Industries Reports Consolidated Unaudited Financial Results for Quarter Ended June 30, 2026
Alps Industries Limited has released its consolidated unaudited financial results for the quarter ending June 30, 2026, following a meeting of its Board of Directors held on August 13, 2026. The company confirmed that it operates within a single reportable segment—the Textile Segment—making segment-wise reporting unnecessary.The reported consolidated figures reflect the company's financial status and operational performance during the period. Management noted that the financial statements have been prepared on a going concern basis.
Consolidated Financial Overview
Alps Industries Limited’s results for the quarter ended June 30, 2026, along with supporting reports, were reviewed by O. Aggarwal & Co. These findings are part of the company's commitment to timely financial disclosure.The consolidated unaudited financial data reflects both the performance of the parent company and its subsidiaries. The group’s operations include Alps Energy Private Limited and Alps USA Inc.
Key financial highlights for the quarter ended June 30, 2026:
| Metric | Value (in Lakh) |
|---|---|
| Total Revenue | 16.48 |
| Loss / Profit before tax | 2,599.61 |
| Tax expense | 78.50 |
| Loss / Profit after tax | 2,675.90 |
Strategic and Operational Updates
The company’s financial presentation includes significant details regarding the ongoing implementation of a resolution plan. The results reflect the consequences and adjustments arising from the approved Resolution Plan by the National Company Law Tribunal (NCLT), which was implemented during the previous financial year.Financial restructuring activities detailed in the notes include:
- Equity Consolidation: Existing equity shares, originally standing at Rs 10 each, were consolidated to 39,11,410 equity shares of Rs 1 each following a reduction in value.
- Share Issuance and Preference Shares: The company issued further equity shares to the Resolution Applicants and issued 1,00,00,000 Non-Cumulative Redeemable Preference Shares to Edelweiss Asset Reconstruction Company Limited (EARCL).
The consolidated results also reflect the interim financial performance of subsidiaries Alps Energy Private Limited and Alps USA Inc. These subsidiary reports reflected total revenue of NIL and Nil lakh respectively, with losses recorded in both entities. Management noted that these interim financial results are not material to the Group.
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