Maris Spinners Ltd Announces Unaudited Financial Results and Approves Key Board Changes for Quarter Ended June 30, 2026
Maris Spinners Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results alongside the cash flow statement during a meeting held on August 7, 2026.The results indicate strong performance in the quarter. Total income stood at 4,967.07 lakhs for the period ended June 30, 2026. Revenue from operations was recorded at 4,805.41 lakhs, supported by other income of 161.66 lakhs.
Key financial figures from the statement include:
- Cost of materials consumed: 2,879.07 lakhs
- Profit before tax (from Ordinary Activities): 512.69 lakhs
- Total tax expense: 149.32 lakhs
- Profit for the Period: 363.37 lakhs
The company's Total Comprehensive Income for the quarter was 363.37 lakhs, with Earnings Per Share (EPS) Basic reported at 4.59 in Rs. The figures have been reviewed by the Audit Committee and the Statutory Auditor.
Board Approvals and Management Transition
During the board meeting held on August 7, 2026, the company also approved significant changes regarding its compliance structure. The Board formally approved the resignation of Mr. N Sridharan as Company Secretary and Compliance Officer, effective August 31, 2026. Concurrently, the Board approved the appointment of Ms. Shanmuga Priya as the new Company Secretary cum Compliance Officer, effective September 1, 2026.Audit Confirmation
The company's financial results have been reviewed by independent auditors, Raghavan, Chaudhuri & Narayanan, Chartered Accountants. The audit firm issued a Limited Review Report for the quarter ended June 30, 2026, confirming the statements prepared under Indian Accounting Standards (Ind AS).Stock Price Movement
At 11:52, Maris Spinners Ltd. shares are edging higher, trading at ₹34.00 after surging by 15.65%. Throughout the day, these shares showed volatility, moving between a low of ₹29.60 and an intraday high marked at ₹35.28.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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