Results - Announcements
Bannari Amman Spinning Mills Ltd share price gained 0.44% to Rs 22.79 after the company's net profit tumbled by 48.79% to Rs 7.01 crore, while revenue from operations increased sharply by 21.79% to Rs 263.69 crore in Q2FY27 over Q2FY26.
The market capitalization of Other Textile Products industry group stocks on BSE stood at Rs 1.88 lakh crore, rallying 60.66%. It has softened by 0.28% over last one week and moved up slightly by 5.94% in last one month while the market capitalization of Bannari Amman Spinning Mills Ltd has inched up 7.91% and 8.77% in the same period respectively.
Profit before tax (PBT) of Bannari Amman Spinning Mills Ltd stood at Rs 9.43 crore in Q2 FY27, expanding by 30.97% year-on-year, and surging by 302.99% quarter-on-quarter. EBITDA came in at Rs 27 crore, jumping 25.52% YoY and expanding by 56.65% sequentially.
Total expenses advancing by 18.72% to Rs 243.79 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 194.67 crore, witnessing a sharp rise of 33.46% YoY, while employee benefits expense was at Rs 26.02 crore, surging 12.25% YoY.
For FY26, revenue from operations declined slightly by 1.92% to Rs 870.32 crore, while net profit plunged by 827.67% to Rs 14.99 crore, compared to previous FY. EBITDA surged by 6295% to Rs 79.31 crore, and PBT collapsed by 657.95% to Rs 21.76 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 116.83 crore in FY26, as against Rs 22.57 crore in FY25.
Bannari Amman Spinning Mills Ltd crashed 13.76% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.91% during the same period.