Texel Industries reported a standalone net profit of ₹52.99 crore for FY26, representing a decrease from ₹45.61 crore in the previous year, according to the company's audited financial results approved by the Board on May 29, 2026. The company's revenue from operations declined 14.37% to ₹990.82 crore in FY26 from ₹1,157.08 crore in FY25. Despite the revenue decline, the company demonstrated resilience with total income of ₹1,009.58 crore compared to ₹1,211.74 crore in the previous year. Total expenses for FY26 amounted to ₹978.02 crore, down from ₹1,164.51 crore in FY25, contributing to the improved profitability.
The company reported a standalone net loss of ₹8.54 crore in Q4 FY26, marking a significant reversal from the net profit of ₹38.27 crore recorded in the corresponding quarter of the previous year. According to the latest financial results, Q4 FY26 revenue from operations was ₹251.91 crore against total expenses of ₹280.30 crore, resulting in a loss before tax of ₹28.38 crore. The company's operating profit margin (OPM) turned negative at -6.94% in the latest quarter, a sharp decline from the positive 11.89% OPM achieved in the same quarter last year.
The company operates primarily in two segments: Technical Textile and Land, Building & Property Development. For FY26, the Technical Textile segment reported revenue of ₹942.82 crore, while the Land, Building & Property Development segment contributed ₹47.99 crore. The company's PBT (Profit Before Tax) declined 33% to ₹3.16 crore in Q4 FY26 from ₹4.73 crore in Q4 FY25, as reported by Business Standard. For the full year, the company's PBT stood at ₹4.73 crore in FY26 compared to ₹3.66 crore in the previous year.
The auditors drew attention to Note 34 regarding other expenses, which includes a write-off of unreconciled GST Input Tax credit from earlier periods amounting to ₹2.73 crore. Additionally, the auditors highlighted investments and unsecured loans granted to Texel Industries (Africa) Limited, a wholly owned subsidiary whose net worth has been fully eroded as of the balance sheet date. The company's PBDT (Profit Before Depreciation and Tax) turned negative at ₹1.46 crore in Q4 FY26, compared to a positive ₹4.40 crore in the corresponding quarter last year.
