AYM Syntex LimitedQ2 FY27 Results & Financial Update
AYM Syntex Limited: Q2 FY27 consolidated results and company financials – revenue ₹451.38 Cr, PAT ₹14.98 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore AYM Syntex 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
AYM Syntex reported consolidated revenue from operations of INR 451.38 crore for the quarter ended September 30, 2026, registering a sequential expansion of 28.59% over the INR 351.02 crore posted in Q1 FY27.
Total income for Q2 FY27 stood at INR 453.38 crore, accompanied by total expenses of INR 425.97 crore, resulting in a profit before exceptional items and tax of INR 27.41 crore.
The quarter's performance was impacted by exceptional items totaling INR 8.33 crore, reflecting repair costs and inventory damage incurred from heavy rainfall and storm winds at the Rakholi and Palghar facilities during July 2026.
Profit before tax after exceptional items closed at INR 19.08 crore, while net profit (PAT) for the quarter reached INR 14.98 crore, translating to basic earnings per share of INR 2.55.
Total tax expense for the period was recorded at INR 4.10 crore, comprising current tax of INR 3.70 crore and deferred tax of INR 0.40 crore.
The company's financial results reflect sequential recovery following temporary operational disruptions during the monsoon season, alongside continued execution under single-segment synthetic yarn operations.
01 · Business model
What does AYM Syntex do?
AYM Syntex Limited is a specialty synthetic yarn manufacturer operating in India, producing a diverse portfolio of polyester, nylon, and polypropylene filament yarns for apparel, home furnishings, and industrial applications.
The company operates integrated manufacturing facilities located in regions such as Rakholi and Palghar, handling specialized processes including texturizing, twisting, dyeing, and sizing.
AYM Syntex generates its primary revenue from domestic and international sales of synthetic yarn products, catering to textile converters, weavers, and knitters across multiple geographies.
02 · Historical context
What shaped the business before this quarter
Previously on February 6, 2025, the Board of Directors approved a Scheme of Merger for the amalgamation of Mandawewala Enterprises Limited with AYM Syntex Limited, with final NCLT hearings concluding on September 24, 2026.
During the financial year ended March 31, 2026, the company paid import tariffs under IEEPA which were later ruled unauthorized by the US Supreme Court, leading to subsequent refunds received during FY27.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹451.38 Cr | ₹351.02 Cr |
| Total income | ₹453.38 Cr | ₹352.27 Cr |
| Profit before tax | ₹19.08 Cr | ₹9.57 Cr |
| Profit after tax | ₹14.98 Cr | ₹8.67 Cr |
| EPS | ₹2.55 | ₹1.47 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 3.3% 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 4.2% 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 ₹2.00 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.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations expanded to INR 451.38 crore in Q2 FY27 compared to INR 351.02 crore in Q1 FY27, driven by resumption of normalized manufacturing output following earlier weather disruptions.
What drove margins
Cost of materials consumed was reported at INR 267.33 crore, alongside changes in inventories of finished goods and work-in-progress amounting to a positive adjustment of INR (12.82) crore.
Employee benefit expenses stood at INR 28.84 crore and other expenses reached INR 115.09 crore for the quarter.
Finance costs were recorded at INR 9.26 crore and depreciation and amortization expenses totaled INR 15.27 crore for Q2 FY27.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates entirely within the 'Synthetic Yarn' business segment in accordance with Ind AS 108 ('Operating Segments'), representing its sole reportable line of activity.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Manufacturing facilities, warehouses, and storage godowns at Rakholi and Palghar experienced flooding and damage to inventories and property, plant, and equipment due to unprecedented heavy rainfall and storm winds in July 2026.
Operations at the affected Rakholi and Palghar units were temporarily disrupted during July 2026 before being successfully resumed.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The merger process for Mandawewala Enterprises Limited with AYM Syntex Limited completed final NCLT hearing stages on September 24, 2026, and is awaiting order pronouncement.
08 · Reported developments
What changed operationally
The company filed refund claims following the US Supreme Court ruling on IEEPA tariffs and received total refunds of INR 13.95 crore alongside interest income, which was netted off against relevant expenses and other income.
09 · Pressure points & risks
What is not going smoothly
Unprecedented heavy rainfall and storm winds in July 2026 caused inventory and PPE damage at Rakholi and Palghar, resulting in an exceptional expense of INR 8.33 crore during Q2 FY27.
10 · Items worth noticing
The line items that can distort a quick read
An exceptional item of INR 8.33 crore was recognized during Q2 FY27, comprising INR 7.93 crore toward inventory damage and INR 0.40 crore toward repairs of property, plant, and equipment impacted by July 2026 storms.
The company factored in US tariff refund receipts totaling INR 13.95 crore, netting them against relevant expenses alongside INR 0.65 crore of related interest income recognized under other income.
11 · 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 46.31 crore (INR 4,631 lakhs), compared to INR 38.02 crore in the corresponding period of the previous year.
Net cash used in investing activities for the half year was INR 47.65 crore (INR 4,765 lakhs), primarily covering property, plant, and equipment payments of INR 43.73 crore.
Capital allocation & funding
As at September 30, 2026, non-current borrowings stood at INR 64.22 crore and current borrowings at INR 135.36 crore on the standalone and consolidated balance sheets.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Employee Stock Option Allotments
The company allotted 53,792 equity shares of INR 10 each on July 30, 2026, under the AYM ESOP Grant 2025 scheme, increasing paid-up share capital by INR 5.38 lakhs and securities premium by INR 105.78 lakhs.
Reported update
Tax Rate Exercise
During Q1 FY27, the company exercised the tax option under section 115BAA of the Income Tax Act, 1961, establishing an effective tax rate of 25.17% and recognizing a one-time deferred tax credit of INR 2.27 crore.
13 · Previous-quarter changes
What changed since the previous quarter
Revenue expanded from INR 351.02 crore in Q1 FY27 to INR 451.38 crore in Q2 FY27, representing a 28.59% quarter-on-quarter increase.
Net profit (PAT) increased by 72.78% sequentially from INR 8.67 crore in Q1 FY27 to INR 14.98 crore in Q2 FY27.
14 · Key Q&A
The quarter, answered directly
What does AYM Syntex do?
AYM Syntex Limited is a specialty synthetic yarn manufacturer operating in India, producing a diverse portfolio of polyester, nylon, and polypropylene filament yarns for apparel, home furnishings, and industrial applications.
What is the clearest takeaway from Q2 FY27?
AYM Syntex reported consolidated revenue from operations of INR 451.38 crore for the quarter ended September 30, 2026, registering a sequential expansion of 28.59% over the INR 351.02 crore posted in Q1 FY27.
What drove revenue or demand?
Revenue from operations expanded to INR 451.38 crore in Q2 FY27 compared to INR 351.02 crore in Q1 FY27, driven by resumption of normalized manufacturing output following earlier weather disruptions.
What mattered most for margins or profitability?
Cost of materials consumed was reported at INR 267.33 crore, alongside changes in inventories of finished goods and work-in-progress amounting to a positive adjustment of INR (12.82) crore.
What changed operationally beyond the headline numbers?
Manufacturing facilities, warehouses, and storage godowns at Rakholi and Palghar experienced flooding and damage to inventories and property, plant, and equipment due to unprecedented heavy rainfall and storm winds in July 2026.
What are the main pressure points disclosed for the quarter?
Unprecedented heavy rainfall and storm winds in July 2026 caused inventory and PPE damage at Rakholi and Palghar, resulting in an exceptional expense of INR 8.33 crore during Q2 FY27.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
NCLT Merger Order Pronouncement: Monitor the formal pronouncement of the NCLT order regarding the approved Scheme of Amalgamation with Mandawewala Enterprises Limited following the conclusion of final hearings on September 24, 2026.
- 02
Plant Stability and Post-Monsoon Output: Track manufacturing output and capacity utilization at the Rakholi and Palghar facilities following the full restoration of operations post-July 2026 weather disruptions.
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