Akshar Spintex LimitedQ1 FY27 Results & Financial Update
Akshar Spintex Limited: Q1 FY27 standalone results and company financials – revenue ₹29.93 Cr, PAT ₹0.60 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 Akshar Spintex Q1 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
Akshar Spintex Limited reported total income of INR 30.51 crore for the quarter ended June 30, 2026, supported by revenue from operations of INR 29.93 crore and other income of INR 0.57 crore.
The company registered a profit before tax (PBT) of INR 1.04 crore and a net profit after tax (PAT) of INR 0.60 crore for the first quarter of fiscal 2027, yielding a basic and diluted earnings per share (EPS) of INR 0.01.
Total expenses for the quarter stood at INR 29.47 crore, driven primarily by the cost of materials consumed at INR 24.42 crore and changes in inventories of finished goods, work-in-progress, and stock-in-trade amounting to a negative adjustment of INR 3.86 crore.
Other operating expenses were reported at INR 3.98 crore, while employee benefit expenses and depreciation and amortisation expenses stood at INR 1.44 crore and INR 1.65 crore respectively.
Finance costs for the quarter were contained at INR 0.07 crore, reflecting limited debt servicing obligations during the period.
The statutory auditors issued a review report with specific observations noting that the company had not paid certain statutory dues, such as professional tax, and had not carried out a physical inspection of inventories during the review period to verify quantities and condition.
In terms of fund utilization reporting, the company confirmed that no deviations or variations occurred in the deployment of proceeds raised from its earlier rights issue completed in October 2024.
01 · Business model
What does Akshar Spintex do?
Akshar Spintex Limited operates primarily in the textile sector, focusing on the spinning of cotton yarn from its manufacturing facility located at Haripar, Taluka Kalavad, in the Jamnagar district of Gujarat.
The company generates its primary revenue from the production and sale of cotton yarn, processing raw materials into finished textile products for downstream weaving and garment manufacturing applications.
Its operational model revolves around raw material procurement, mechanical spinning and processing, and managing working capital lines to support manufacturing output and inventory levels.
The business structure is centered on a single operating segment, with administrative offices located in Rajkot to manage corporate and financial compliance.
02 · Historical context
What shaped the business before this quarter
Previously, the company raised INR 48.74 crore via a rights issue on October 7, 2024, to fund long-term unsecured loan repayments, working capital requirements, and corporate expenses.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹29.93 Cr |
| Total income | ₹30.51 Cr |
| Profit before tax | ₹1.04 Cr |
| Profit after tax | ₹0.60 Cr |
| EPS | ₹0.01 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 2.0% 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 3.5% 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 ₹0.57 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 reached INR 29.93 crore for Q1 FY27, driven by market demand for cotton yarn products.
Non-operating sources contributed INR 0.57 crore to total income during the quarter.
What drove margins
Cost of materials consumed formed the largest expense component at INR 24.42 crore, directly impacting gross margins.
Changes in inventories of finished goods, work-in-progress, and stock-in-trade provided an offsetting inventory adjustment of negative INR 3.86 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's operations fall under a single business segment, 'Spinning of Cotton Yarn', rendering segment reporting under Ind AS 108 inapplicable.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The company is monitoring the finalization of Central and State rules under the New Labour Codes effective November 21, 2025, to assess and apply appropriate accounting effects when required.
07 · Reported developments
What changed operationally
The company maintained zero defaults on its outstanding bank borrowings and revolving credit facilities amounting to INR 3.06 crore.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Total financial indebtedness including short-term and long-term debt stood at INR 3.06 crore (INR 306.03 lakh) as of June 30, 2026, with zero defaults reported on loans or revolving credit facilities like cash credit.
Out of the October 2024 rights issue proceeds, INR 320.00 lakh was utilized out of an allocation of INR 345.67 lakh for repaying unsecured loans (leaving INR 25.40 lakh unutilized), INR 3,300 lakh was fully deployed for working capital, and INR 1,193.16 lakh was utilized for corporate expenses.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Rights Issue Deployment Status
The statement of deviation or variation confirmed that unutilized funds from the October 2024 rights issue included INR 25.40 lakh for loan repayment and INR 19.18 lakh for corporate expenses, with unused issue-related expenses adjusted toward general corporate purposes and bank credit limits.
10 · Key Q&A
The quarter, answered directly
What does Akshar Spintex do?
Akshar Spintex Limited operates primarily in the textile sector, focusing on the spinning of cotton yarn from its manufacturing facility located at Haripar, Taluka Kalavad, in the Jamnagar district of Gujarat.
What is the clearest takeaway from Q1 FY27?
Akshar Spintex Limited reported total income of INR 30.51 crore for the quarter ended June 30, 2026, supported by revenue from operations of INR 29.93 crore and other income of INR 0.57 crore.
What drove revenue or demand?
Revenue from operations reached INR 29.93 crore for Q1 FY27, driven by market demand for cotton yarn products.
What mattered most for margins or profitability?
Cost of materials consumed formed the largest expense component at INR 24.42 crore, directly impacting gross margins.
What changed operationally beyond the headline numbers?
The company is monitoring the finalization of Central and State rules under the New Labour Codes effective November 21, 2025, to assess and apply appropriate accounting effects when required.
What should the next disclosure help confirm?
Observer monitoring will focus on the resolution of auditor observations regarding inventory inspection protocols and the settlement of pending statutory dues.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Inventory Verification and Compliance: Observer monitoring will focus on the resolution of auditor observations regarding inventory inspection protocols and the settlement of pending statutory dues.
- 02
Labour Code Rules Implementation: Tracking final notifications of Central and State rules under the New Labour Codes and their resultant accounting impact.
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