Indian Card Clothing Company Announces Audited Standalone and Consolidated Financial Results for FY 2026

Indian Card Clothing Company Announces Audited Standalone and Consolidated Financial Results for FY 2026​

The Board of Directors of The Indian Card Clothing Company Limited approved the Annual Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, following a Board meeting held on May 29, 2026. The results provide a comprehensive view of the Group's performance for the financial year ending March 31, 2026.

Financial Performance Highlights​

For the financial year ending March 31, 2026, the Group reported total income of 6,419.15 Rupees Lakhs. This contrasts with the total income of 8,591.50 Rupees Lakhs reported for the year ended March 31, 2025. The consolidated financial results reflect the performance across key segments, including Card Clothing and Realty.

In the first quarter of the fiscal year (quarter ended March 31, 2026), the Group recorded a total income of 1,357.95 Rupees Lakhs.

The full audited financial statements for the year are available for review. Key figures from the Standalone and Consolidated Annual Audited Financial Results are summarized below (all amounts in Rupees Lakhs):

Segment Revenue and Assets​

The Group's revenue is derived from several operational segments. The Card Clothing segment contributed 1,357.95 Rupees Lakhs in net sales for the quarter ended March 31, 2026, making it the primary source of operations.

The Group's total assets stood at 36,655.55 Rupees Lakhs as of March 31, 2026, compared to 37,657.19 Rupees Lakhs recorded on March 31, 2025.

The assets are diversified across Non-Current Assets and Current Assets. Notable non-current assets include Property, plant and equipment and Intangible Assets. The balance sheet shows that the total liabilities for the period reached 2,357.85 Rupees Lakhs.

Key Operational Updates and Transactions​

The Company reported several material operational transactions during the period:

• Property Transactions: The Holding Company had previously completed the sale of Commercial Buildings in Powai, Mumbai, for a total consideration of 9,100 Rupees Lakhs. Furthermore, during the quarter ended March 31, 2025, a commercial property located at Coimbatore was sold for 1,101.00 Rupees Lakhs in cash.
• New Sale Agreement: The Holding Company entered into a Memorandum of Understanding with Balaji Pristine LLP for the sale of commercial property located at Amar Business Zone (the Baner Property). This agreement, approved on February 11, 2026, carries a total consideration of 1320.00 Lakhs, and an advance of 150 Lakhs was received as of March 31, 2026. The property has been classified as 'Assets Held for Sale'.

Cash Flow Analysis​

Review of the Statement of Consolidated Cashflows reveals substantial movement in cash positions.

For the year ended March 31, 2026, the Group reported Net Cash From Operating Activities of (1,586.13) Rupees Lakhs. This reflects significant adjustments, including large increases in other current liabilities and decreases in trade payables. Conversely, the cash flow from investing activities generated 4,330.48 Rupees Lakhs from the proceeds from the sale of investments.

Industry Outlook​

Regarding the market outlook, management noted that the Carding business continues to face headwinds due to global geopolitical disturbances and global economic slowdown impacting the Indian Textile Industry. While the situation is evolving, the management anticipates a recovery in the Textile industry within the next 9 to 12 months.

INDIANCARD Stock Price Movement​

Today, Indian Card Clothing Company Limited shares edged higher to close at ₹228.87, marking a gain of 1.25% for the day. The stock saw a trading range between ₹224.5 and ₹235.03, finishing on a total volume of 9,407 shares.