Akshar Spintex LimitedQ2 FY27 Results & Financial Update
Akshar Spintex Limited: Q2 FY27 standalone results and company financials – revenue ₹35.69 Cr, PAT ₹0.30 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Akshar Spintex Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the quarter ended September 30, 2026, Akshar Spintex Limited reported revenue from operations of INR 35.69 crore, marking a sequential increase of 19.23% compared to INR 29.93 crore in the preceding quarter ended June 30, 2026. Total income for the current quarter reached INR 36.33 crore, incorporating other income of INR 0.64 crore.
Profit before tax (PBT) for Q2 FY27 stood at INR 0.56 crore, reflecting a contraction of 45.92% compared to INR 1.04 crore in Q1 FY27, as cost increases outpaced top-line expansion.
Profit after tax (PAT) for the quarter was reported at INR 0.30 crore, down 49.10% sequentially from INR 0.60 crore in the previous quarter, yielding a pat margin of 0.85%.
The sequential squeeze in bottom-line profitability despite higher revenues was driven by elevated input and operational expenses, including a rise in the cost of materials consumed to INR 27.18 crore and higher other expenses of INR 5.08 crore.
Depreciation and amortisation expense for the quarter stood at INR 1.94 crore, while finance costs remained modest at INR 0.07 crore.
Tax expenses for the quarter were recorded at INR 0.26 crore, consisting entirely of deferred tax adjustments as current tax provisions remained nil.
01 · Business model
What does Akshar Spintex do?
Akshar Spintex Limited operates within the textile sector, focusing primarily on the manufacturing and spinning of cotton yarn. The company carries out its production and operational activities from its registered manufacturing facility located at Haripar in the Jamnagar district of Gujarat.
The company's commercial model centers on procuring raw cotton and associated materials, processing them through its spinning infrastructure, and supplying cotton yarn products to domestic and industrial customers.
Operations are managed on a standalone basis, with the company reporting its activities entirely under a single primary business segment representing the spinning of cotton yarn.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹35.69 Cr | ₹29.93 Cr |
| Total income | ₹36.33 Cr | ₹30.51 Cr |
| Profit before tax | ₹0.56 Cr | ₹1.04 Cr |
| Profit after tax | ₹0.30 Cr | ₹0.60 Cr |
| EPS | ₹0.00 | ₹0.01 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 1.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.64 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations expanded by 19.23% sequentially to INR 35.69 crore in Q2 FY27 from INR 29.93 crore in Q1 FY27.
Other income contributed INR 0.64 crore to the total income of INR 36.33 crore during the quarter.
What drove margins
Cost of materials consumed rose to INR 27.18 crore during the quarter, forming the primary component of total expenses.
Other expenses expanded to INR 5.08 crore, exerting downward pressure on operating margins alongside higher depreciation charges of INR 1.94 crore.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's operations fall entirely under a single reportable segment, 'Spinning of Cotton Yarn', in accordance with Ind AS 108.
05 · Reported developments
What changed operationally
Delivered a sequential increase in operational revenue to INR 35.69 crore compared to INR 29.93 crore in the previous quarter.
06 · Pressure points & risks
What is not going smoothly
The statutory auditors noted that the company had not carried out an inspection of its fixed assets, maintained a fixed asset register, or inspected its inventories during the period under review, preventing them from obtaining sufficient audit evidence regarding their existence and condition.
07 · Items worth noticing
The line items that can distort a quick read
The company wrote off certain debtor balances during the period as irrecoverable due to the rejection of goods by customers, though noted by auditors to be immaterial to the financial statements.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash generated from operating activities stood at INR 6.16 crore, supported by working capital adjustments including a decrease in trade receivables by INR 2.67 crore.
Capital allocation & funding
Long-term borrowings stood at INR 2.93 crore and short-term borrowings at INR 1.48 crore as of September 30, 2026, while finance costs for the quarter were contained at INR 0.07 crore.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Auditor Succession
The term of the existing statutory auditor expired, and no new statutory auditor was appointed at the Annual General Meeting; the incumbent auditor has continued to hold office pursuant to Section 139(10) of the Companies Act, 2013, to conduct the limited review.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue increased by 19.23% from INR 29.93 crore in Q1 FY27 to INR 35.69 crore in Q2 FY27, while PAT moderated from INR 0.60 crore to INR 0.30 crore.
11 · Key Q&A
The quarter, answered directly
What does Akshar Spintex do?
Akshar Spintex Limited operates within the textile sector, focusing primarily on the manufacturing and spinning of cotton yarn. The company carries out its production and operational activities from its registered manufacturing facility located at Haripar in the Jamnagar district of Gujarat.
What is the clearest takeaway from Q2 FY27?
During the quarter ended September 30, 2026, Akshar Spintex Limited reported revenue from operations of INR 35.69 crore, marking a sequential increase of 19.23% compared to INR 29.93 crore in the preceding quarter ended June 30, 2026. Total income for the current quarter reached INR 36.33 crore, incorporating other income of INR 0.64 crore.
What drove revenue or demand?
Revenue from operations expanded by 19.23% sequentially to INR 35.69 crore in Q2 FY27 from INR 29.93 crore in Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed rose to INR 27.18 crore during the quarter, forming the primary component of total expenses.
What changed operationally beyond the headline numbers?
The term of the existing statutory auditor expired, and no new statutory auditor was appointed at the Annual General Meeting; the incumbent auditor has continued to hold office pursuant to Section 139(10) of the Companies Act, 2013, to conduct the limited review.
What are the main pressure points disclosed for the quarter?
The statutory auditors noted that the company had not carried out an inspection of its fixed assets, maintained a fixed asset register, or inspected its inventories during the period under review, preventing them from obtaining sufficient audit evidence regarding their existence and condition.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Inventory and Asset Verification: Monitor future audit reports for resolution of the statutory auditor's observations regarding fixed asset registers and physical inventory verification.
- 02
Margin Trajectory: Track the company's ability to translate top-line revenue growth into net profitability amid fluctuating raw material and operating costs.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.