Super Spinning Mills achieved a significant turnaround in its financial performance during the quarter ended June 2026, reporting a consolidated net profit of ₹55.89 lakh compared to a net loss of ₹713.39 lakh in the corresponding quarter of the previous financial year. According to the company's unaudited financial results approved by the Board of Directors on August 6, 2026, this represents a complete reversal of the company's profitability position year-over-year. The profit from continuing operations reached ₹61.72 lakh after accounting for a deferred tax benefit of ₹5.81 lakh, demonstrating the company's operational improvements despite maintaining similar revenue levels.
The company maintained consistent revenue levels with total income from operations at ₹149.51 lakh during the quarter ended June 2026, comprising net sales from rental services. As reported in the company's financial results, net sales from rental services stood at ₹149.51 lakh, representing a slight 0.59% decline from ₹150.40 lakh in the corresponding quarter of the previous year. Other income contributed ₹8.53 lakh, primarily from interest income, while total expenses amounted to ₹102.13 lakh, including employee benefit expenses of ₹6.65 lakh, power and fuel costs of ₹4.87 lakh, and finance costs of ₹26.25 lakh.
Profit Before Tax (PBT) from continuing operations increased by 14.45% to ₹55.92 lakh in the quarter ended June 2026 from ₹48.86 lakh in the corresponding quarter of the previous year. The rental services segment demonstrated strong operational performance with profit before tax and finance costs of ₹82.17 lakh, compared to a loss of ₹75.26 lakh in Q1FY26. This margin expansion contributed significantly to the overall improvement in the company's bottom-line performance, with the rental services segment now serving as the sole contributor to revenue generation.
The company's discontinued textile operations recorded a loss of ₹5.83 lakh after tax, compared to a loss of ₹41.34 lakh in the prior year period, indicating ongoing challenges from legacy operations. As reported in the financial results, the textile segment classified as discontinued reported no revenue but incurred expenses of ₹4.63 lakh, leading to the pre-tax loss. However, the liabilities associated with discontinued operations remain substantial at ₹2,315.07 lakh against negligible assets of ₹3.52 lakh, which may continue to impact cash flows through finance costs and potential restructuring charges.
The company's total assets under continuing operations decreased slightly to ₹8,974.30 lakh from ₹8,980.59 lakh at the end of FY26, while liabilities associated with continuing operations fell to ₹1,667.84 lakh from ₹1,730.01 lakh. According to the company's financial statements, no dividend was declared during the quarter. The shift from legacy textile operations to a rental services-focused business model demonstrates the company's strategic pivot, though the substantial residual obligations from discontinued operations remain a key consideration for future financial performance and cash flow management.
