Bannari Amman Spinning Mills Reports Q1 FY27 Results: Focus on Textile Segment and Warrant Forfeiture
Bannari Amman Spinning Mills Ltd has reported its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The Company's core business remains focused on the manufacturing of textile and related products, which is noted as its only significant operating segment.The results show varying performance across both standalone and group entities for the first quarter of the fiscal year ending March 31, 2027.
Standalone Financial Highlights
For the quarter ended June 30, 2026, the Company recorded Revenue from operations of 21,650.93 Lakhs. Total income stood at 21,809.98 Lakhs. Profit before tax was reported at 246.03 Lakhs.The Statement shows that profit for the period from continuing operations reached 1,381.60 Lakhs, while total comprehensive income amounted to 1,419.72 Lakhs.
Key standalone financial metrics for the quarter and comparative periods are presented below:
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) | Quarter ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 21,650.93 Lakhs | 22,071.06 Lakhs | 21,739.27 Lakhs | 87,032.40 Lakhs |
| Total income | 21,809.98 Lakhs | 22,169.36 Lakhs | 21,882.95 Lakhs | 87,742.06 Lakhs |
| Profit/Loss before tax (III - IV) | 246.03 Lakhs | 364.85 Lakhs | 724.30 Lakhs | 2,366.77 Lakhs |
| Profit from continuing operations | 1,381.60 Lakhs | 186.81 Lakhs | 527.62 Lakhs | 1,689.74 Lakhs |
| Total comprehensive income | 1,419.72 Lakhs | 299.23 Lakhs | 503.47 Lakhs | 1,677.27 Lakhs |
Consolidated Financial Highlights
On a group level, revenue from operations for the quarter ended June 30, 2026, was 21,650.93 Lakhs. Total income registered at the Group stood at 21,797.60 Lakhs. Profit before tax was 233.85 Lakhs.The total comprehensive income attributable to owners of the company for the quarter was 1,407.53 Lakhs.
A summary of consolidated performance is as follows:
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) | Quarter ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 21,650.93 Lakhs | 22,071.06 Lakhs | 21,739.27 Lakhs | 87,032.40 Lakhs |
| Total income | 21,797.60 Lakhs | 22,156.99 Lakhs | 21,870.58 Lakhs | 87,692.56 Lakhs |
| Profit/Loss before tax (III - IV) | 233.85 Lakhs | 315.55 Lakhs | 677.26 Lakhs | 2,176.45 Lakhs |
| Profit from continuing operations | 1,369.42 Lakhs | 137.51 Lakhs | 480.58 Lakhs | 1,499.42 Lakhs |
| Total comprehensive income attributable to owners of the company | 1,407.53 Lakhs | 249.92 Lakhs | 456.43 Lakhs | 1,486.95 Lakhs |
Operational and Financial Notes
The Company stated that it is primarily engaged in manufacturing textile and related products, which forms the entire significant business segment. The results incorporate data from its subsidiary, Bannari Infotech Private Limited.In terms of asset management changes during the financial year ending March 31, 2026:
- The garment unit located at Palladam, which was previously classified as an asset held for sale, was sold during the fiscal year.
- Land situated at SIPCOT, Perundurai continues to be classified as assets held for sale/discontinued operations as of June 30, 2026.
The Company's financial transactions included the issuance of Convertible Equity Warrants in two tranches: Tranche I (42,25,806 warrants at Rs. 62, allotted November 4, 2024) and Tranche II (41,66,660 warrants at Rs. 36, allotted August 22, 2025).
Regarding the warrants, a 25% upfront subscription totaling Rs. 1,030 lakhs was recorded under Other Equity as of March 31, 2026 (Rs. 655 lakhs for Tranche I and Rs. 375 lakhs for Tranche II). Subsequently, during the quarter ended June 30, 2026, the Tranche I conversion option was forfeited due to non-payment of the balance subscription on May 4, 2026. The forfeited application money amounting to Rs. 655 lakhs has been transferred to capital reserve as at June 30, 2026.
BASML Stock Price Movement
Bannari Amman Spinning Mills Limited shares rallied today, closing up 4.47% to settle at ₹28.25 in the post-market session. The equity traded a volume of 241,263 shares during the day, hitting an intraday high of ₹28.39.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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