RSWM Limited Approves Denim Garment JV and Releases Quarterly Financial Results
RSWM Limited reported its unaudited financial results for the quarter ending June 30, 2026, following a Board meeting. The company also approved the establishment of a new venture in the garment sector through a joint venture with NDS9 Private Limited (NDS9), aimed at moving up the value chain.The Board of Directors confirmed the setup of a Denim Garment facility in collaboration with NDS9 Private Limited. This proposed project is expected to have a total cost of approximately Rs 186.30 crores. The funding structure for this venture is planned through an equity contribution and term loans, set at a ratio of 30% and 70%, respectively.
The joint venture entity is scheduled to be incorporated as LNJ NDS9 Global Private Limited. This new company will become a subsidiary of RSWM upon incorporation and subscription of shares. The proposed JV Company is expected to focus on the denim garment unit, complementing the existing denim fabric operations.
Q2 FY 2026 Financial Performance
RSWM Limited’s financial performance for the quarter ended June 30, 2026, saw Income from Operations reach Rs 1,170.10 crore in consolidated figures. The company reported Net Profit of Rs 19.65 crore for the quarter.The unaudited results cover both standalone and consolidated performance metrics as approved by the Board’s Audit Committee.
Key financial details are summarized below:
| Particular | Consolidated (Quarter Ended June 30, 2026) | Standalone (Quarter Ended June 30, 2026) |
|---|---|---|
| Income from Operations | 1,170.10 Crore | 1,161.24 Crore |
| Total Expenses | 1,142.81 Crore | 1,145.70 Crore |
| Profit before Tax (excluding Exceptional items) | 27.29 Crore | 24.40 Crore |
| Net Profit for the Period | 19.65 Crore | 16.74 Crore |
Segment Revenue Overview
The company’s segment revenue results indicated strong performance across different business areas as of June 30, 2026. The key segments include:- Yam: Recorded a net revenue of 992.94 crore (unaudited).
- Fabric: Generated a consolidated net sale income of 283.42 crore.
- Total Net Sales/Income from Operations: Reached 1,161.24 crore (consolidated, unaudited).
The operational segments include the following areas:
| Segment | Standalone Revenue (June 30, 2026) | Consolidated Revenue (June 30, 2026) |
|---|---|---|
| Yam | 992.94 Crore | 992.94 Crore |
| Fabric | 283.42 Crore | 283.42 Crore |
| Total Net Sales/Income from Operations | 1,161.24 Crore | 1,161.24 Crore |
The strategic move into garment manufacturing is intended to offer a full package service to customers and cater to both domestic and international brands by leveraging the company's existing denim fabric capabilities.
RSWM Stock Price Movement
Shares of RSWM Limited today tumbled, shedding 4.57% in post-market trading to settle at ₹224.62. The decline followed a volatile session that saw the stock trade amidst heavy volume after previously registering its 52-week high near ₹238.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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