According to the latest unaudited financial results approved by the Board on July 31, 2026, Binny Mills reported a net loss of ₹289.62 lakh for Q1 FY27, representing a 74% improvement over the previous quarter's loss of ₹1,097.43 lakh. The company demonstrated significant operational recovery with total income from operations rising 31.2% year-on-year to ₹204.72 lakh, up from ₹155.99 lakh recorded in Q1 FY26. The net loss before tax stood at ₹253.65 lakh, a substantial improvement from ₹921.36 lakh in Q4 FY26, indicating effective cost management and operational efficiency improvements.
The company's operating profit margin (OPM) showed significant improvement with the net loss before tax narrowing by 74% quarter-on-quarter, suggesting stabilization in cost structures or reduction in exceptional items. Earnings per share (basic and diluted) improved to ₹(11.21) from ₹(42.47) in the previous quarter, indicating better loss management per share. The debt-equity ratio remains at (0.58), reflecting the classification of cumulative redeemable preference shares as financial liabilities under Ind AS. Despite the revenue growth, the company continues to report net losses, though the 74% quarter-on-quarter improvement indicates effective expense base management.
The Board of Directors approved the unaudited financial results on July 31, 2026, alongside the appointment of Dr. T. Bhasker Raj as Additional Director (Non-Executive, Non-Independent) with effect from July 31, 2026. Dr. Bhasker Raj is related to Mr. V. R. Venkataachalam, Director, being his sister's son, and to Ms. Samyuktha, Managing Director, being her cousin. The 19th Annual General Meeting is scheduled for August 31, 2026, to be conducted via Video Conferencing or Other Audio-Visual Means. The quarterly results were reviewed by Ramesh and Ramachandran Chartered Accountants who issued a review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The 74% quarter-on-quarter improvement in net losses suggests the company is managing its expense base more effectively than in the immediate past, though total income dropped sharply from ₹433.12 lakh in Q4 FY26 to ₹204.72 lakh in Q1 FY27 due to seasonal factors. The improved EPS and reduced loss before tax indicate operational improvements despite ongoing net losses. Management will need to sustain this improvement momentum in Q2 FY27 to demonstrate consistent operational recovery, while the seasonal drop in operational income from Q4 to Q1 requires specific measures to stabilize revenue streams for the remainder of FY27.
