Amarjothi Spinning Mills Ltd., a textile manufacturer based in Tirupur, reported a decline in its financial performance for FY26, posting a consolidated net profit of Rs 9.52 crore (US $952,340), down from Rs 11.35 crore (US $1.13 million) in FY25.
The company’s consolidated revenue from operations also declined to Rs 222.15 crore (US $22.22 million), compared to Rs 230.30 crore (US $23.03 million) in the previous fiscal year.
On a standalone basis, Amarjothi Spinning Mills recorded a net profit of Rs 9.37 crore (US $936,970), lower than Rs 11.04 crore (US $1.10 million) reported in FY25, while revenue from operations fell to Rs 206.05 crore (US $20.60 million) from Rs 212.61 crore (US $21.26 million) a year earlier.
The company, which specialises in the production of melange, dyed and fancy yarns for the hosiery, woven and home textile industries, reported consolidated material costs of Rs 146.41 crore (US $14.64 million), making it its largest expenditure during the year.
Meanwhile, total consolidated assets increased to Rs 309.39 crore (US $30.94 million) from Rs 276.33 crore (US $27.63 million), driven by higher inventory levels, which rose to Rs 118.89 crore (US $11.89 million), and trade receivables, which increased to Rs 49.09 crore (US $4.91 million).
Total borrowings at the end of FY26 stood at Rs 55.96 crore (US $5.60 million), including Rs 55.56 crore (US $5.56 million) in non-current liabilities and Rs 0.40 crore (US $40,150) in current borrowings.
Net cash generated from operating activities declined to Rs 8.76 crore (US $876,050) from Rs 14.06 crore (US $1.41 million) in FY25, while consolidated cash and cash equivalents stood at Rs 4.75 crore (US $475,330) as of 31, March 31.
The company also recognised a past service cost of Rs 0.15 crore (US $14,710) arising from the financial impact of implementing the new Labour Codes.
