Maris Spinners Limited has appointed B M Shanmuga Priya as Company Secretary cum Compliance Officer effective September 1, 2026, following the resignation of N Sridharan due to health reasons. The Board of Directors approved the appointment on August 7, 2026, with Priya bringing over 10 years of professional experience, including six years as Practising Company Secretary (PCS) and an LLB qualification. The transition ensures continuity in regulatory compliance and corporate governance for the textile manufacturer that operates mills in Mysore and Trichy districts.
Maris Spinners achieved a significant financial turnaround in the June 2026 quarter, reporting a standalone net profit of ₹3.63 crore compared to a net loss of ₹0.45 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a complete reversal of the company's financial performance during the same period last year.
The company's sales revenue increased by 26.12% to ₹48.05 crore in Q1 FY27, as compared to ₹38.10 crore recorded in the June 2025 quarter. As reported by Business Standard, this substantial revenue growth contributed to the overall improvement in the company's financial position during the quarter.
The company's operating profit margin (OPM) improved to 14.76% in the June 2026 quarter, compared to 4.28% in the corresponding quarter of the previous year. According to the financial data reported by Business Standard, this margin expansion indicates better operational efficiency and cost management during the quarter.
PBDT (Profit Before Depreciation and Tax) increased by 549% to ₹6.62 crore in Q1 FY27, compared to ₹1.02 crore in the June 2025 quarter. As reported by Business Standard, the company's PBT (Profit Before Tax) stood at ₹5.12 crore in the current quarter, marking a significant improvement from the loss of ₹0.64 crore recorded in the previous year's corresponding quarter.
