Siyaram Silk Mills Ltd – Q2 FY26 Results Summary
Announcement Date: 04 November 2025
Financial Highlights (Standalone):
- Revenue from operations: ₹70,555 lakhs, up 16% YoY (Q2 FY26 vs Q2 FY25) and 82% QoQ (Q2 FY26 vs Q1 FY26).
- Profit Before Tax (PBT): ₹11,521 lakhs, up from ₹9,081 lakhs YoY and sharply from ₹638 lakhs QoQ.
- Net Profit: ₹8,698 lakhs, up from ₹6,840 lakhs YoY and ₹460 lakhs QoQ.
- Earnings Per Share (EPS): ₹19.17 vs ₹15.07 YoY.
- EBITDA and EBITDA margin not explicitly disclosed.
Other Income:
- ₹3,716 lakhs in Q2 FY26, including a ₹2,123 lakhs gain on sale of industrial land/building (non-recurring).
Balance Sheet & Cash Flow:
- Current borrowings increased to ₹34,520 lakhs (Sep 2025) from ₹20,225 lakhs (Mar 2025).
- Inventories and trade receivables have increased compared to previous year.
- Capital expenditure reduced to ₹3,120 lakhs in H1 FY26 from ₹10,537 lakhs in H1 FY25.
- Net cash from operations negative at ₹(5,125) lakhs in H1 FY26 vs positive ₹10,341 lakhs in H1 FY25.
- Interim dividend declared at ₹4 per share (200% of face value), with a cash outflow of ₹1,815 lakhs.
Management Commentary & Other Notes:
- Results prepared under Ind AS; auditor’s review report is clean with no qualifications.
- Government grants recognized as other income amounting to ₹262 lakhs in Q2 FY26.
- No segmental diversification; company operates solely in textile business.
- Change in Company Secretary effective Nov 2025/Feb 2026.
- No major impairments or restructuring reported.
Outlook:
- No explicit guidance provided in the announcement.
Summary:
Siyaram Silk Mills Ltd reported strong revenue and profit growth in Q2 FY26 driven partly by a non-recurring gain on asset sale. The company declared a substantial interim dividend and showed increased borrowings and working capital components. Capex was significantly lower compared to the prior year period. The results are consistent across standalone and consolidated statements with no auditor concerns.